TNG digital first e-Wallet approved to operate as RMO by SC

Listen to this article

Touch ’n Go (TNG) today announced that its subsidiary, TNG Digital Sdn Bhd (TNGD), is the first e-wallet in Malaysia that has been granted conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). 

This recognition will enable TNGD to directly distribute capital market products, including money market unit trust funds, through the TNG eWallet platform, whereas prior to the approval, the process was directed to third-party applications.

“This truly is a landmark development and an industry first; our teams have been working tirelessly  together with regulators and partners to get to this stage,” said Group CEO of TNG Group, Effendy Shahul Hamid. 

Group CEO of TNG Group, Effendy Shahul Hamid

The RMO status will allow TNDG to offer its users innovative digital offerings and according to a release by the company, it will be launching a financially inclusive investment product in the first quarter of the year, which will give its users access to basic investment services for as low as RM10.   

“We feel that this offering will add significant value to our large payments and transportation user base and continue our evolution into financial services,” Efficiency added. “We aim to make this an extremely  seamless and frictionless offer to Touch ‘n Go eWallet users so with the approvals behind us, we will  now focus on ensuring the user-experience is best-in-class as we move towards a launch.”

MARKETING Magazine is not responsible for the content of external sites.

The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry. 
This is the only event where Live Presentations meets Live Judging. 
Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.
This year’s winners will receive Gold, Silver or Bronze trophies for 10 categories, and 7 special Best of Best categories (red trophies) that require no submissions!
Campaign entries must have run between June 2022 to May 2023

For more details visit or contact Vishnu

Subscribe to our Telegram channel for the latest updates in the marketing and advertising scene