Touch n Go has introduced a new advanced layer for its Touch n Go e-wallet. The benefits offered by the new top tier include an increase of RM 20,000 in e-wallet capacity and an increase of RM 300,000 in the annual transaction limit. With this new feature, TnG e-wallet has three layers-Lite, Professional and Premium.

Pro, suitable for verified electronic Know Your Customer (eKYC) accounts, with a maximum balance of RM5,000 and a monthly transaction limit of RM5,000. The basic Lite tier is suitable for unverified TnG e-wallet accounts and can only hold up to RM200.

“With the introduction of the new premium level, Touch n Go e-wallet is currently one of the most popular e-wallet players in Malaysia. Premium level users are eligible to top up their verified Touch n Go e-wallet up to RM20,000. Pay for higher-value goods or services, such as car down payments, home loans, and salary payments,” said CEO Ignatius Ong. TNG numbers.

Existing users can upgrade their e-wallet level to the premium version by investing in GO+ or purchasing CarInsure products. After the upgrade, users can enjoy a transaction limit of RM300,000 per year, that is, an average monthly use of RM25,000.

TnG stated that in the current ongoing pandemic, this upgrade is timely and critical because it allows for a variety of new use cases to be realized through end-to-end contactless and cashless systems. Earlier this month, TnG announced the Principal e-Cash Fund, the underlying fund of its GO+ product Now conforms to Islamic law. Everything else, including daily potential returns, remains the same.

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