TNG Digital Sdn. Bhd. (TNG Digital) is looking to revolutionize cashless travel experiences for Malaysians. The company has introduced a new in-app foreign exchange rate calculator integrated with the Touch ‘n Go eWallet Visa card.
This first-of-its-kind feature in Malaysia allows users to calculate and track exchange rates for various currencies directly within the TNG eWallet app. No more surprises after your trip! You can now check the exchange rate before making any overseas purchase, ensuring a smoother and more transparent experience.
The calculator empowers you to become a savvy traveller. Save up to five favourite currencies for easy monitoring, allowing you to proactively manage your travel expenses at a glance.
Alan Ni, CEO of TNG Digital, highlights, “Over half of Malaysians use TNG eWallet. We’re committed to fostering seamless cashless travel experiences. With the exchange rate calculator, our users can spend globally like locals. We equip them with the tools to effortlessly manage travel expenses and make informed decisions.”
The Touch ‘n Go eWallet Visa Card not only comes with a conversion rate calculator, it also has 0% foreign exchange conversion fees. In addition, users will also be earning GOrewards points with every Ringgit spent abroad, maximizing the value of their travel budget. These points can also be redeemed for fantastic rewards and discounts available in the catalogue. The Visa card can also be used for ATM withdrawals abroad.
Touch ‘n Go eWallet is one of Malaysia’s largest eWallets. Just recently, TNG Digital (TNGD), the company operating the eWallet, unveiled plans to become an integrated fintech company – one of the first in Malaysia. TNGD is well on the way to achieving its goals with the introduction of services like GOPinjam, GOInvest and even GOProtect.
That said, one of its most successful features is the introduction of cross-border transactions in over 40 countries including Singapore, China, Hong Kong and Japan. This is made possible with Alipay+’s integration with Touch N’ Go eWallet. The feature has arguably changed the way Malaysians travel overseas especially when it comes to transacting online. However, with the sharp increase of Malaysians travelling ever since borders reopened, TNGD has noticed a need for the company to be a little more pragmatic with its approach to cross-border transactions, particularly QR transactions.
As such, starting April 25, 2024, cross-border QR transactions using Touch ‘n Go eWallet will be charged a nominal 1% transaction fee. According to the announcement by TNGD, the fee will be factored into the daily exchange rate in the app. The daily exchange rate will be shown in real time before each transaction. So, if you’re in the U.S. and the daily exchange rate is RM1 to USD0.209659, it will be reflected as RM1 to USD0.20756241 inclusive of the 1% fee.
CEO of TNGD, Alan Ni, addressed the issue in a statement saying, “Although it has always been an industry standard for credit and debit cards as well as other eWallets to charge the overseas transaction conversion fee, we have subsidised these costs in the past to promote the cross-border payment feature on TNG eWallet. However, with the increase in overseas travel, we understand the need to ensure our business sustains in the long run. We are committed to continue to provide a seamless cross-border payments to our users. We have partnered with international businesses to create a strong network of merchants in over 40 countries, making it easy to use TNG eWallet for payments outside Malaysia.”
Touch ‘n Go Group is bringing a new dimension to its services with ParkInsure, a first-of-its-kind Personal Accident insurance/takaful tailored for people who use their Touch ‘n Go card at parking facilities.
The new service, priced at just RM5 per month, offers a value-added layer of personal insurance/takaful coverage for users ensuring they have some peace of mind even if things go awry when parked in carparks. Users can seamlessly subscribe to ParkInsure via GOprotect, Touch ‘n Go eWallet’s digital insurance/takaful hub, with the choice of takaful from Zurich General Takaful Malaysia Berhad or conventional insurance from Allianz Malaysia Berhad.
The benefits include reimbursement for permanent disablement or accidental death up to RM70,000, snatch theft inconvenience coverage up to RM1,500, and reimbursement for forcible car break-ins up to RM1,500. Users will also receive a key reimbursement fee of up to RM200 in case of lost or damaged car keys during the coverage period. Additional features include transport reimbursement fees, inconvenience benefits, and more. With over 1,350 Touch ‘n Go payment-enabled parking sites nationwide, ParkInsure offers a tailored and affordable solution to eWallet users. It also offers a layer of protection on top of car insurance policies which users no doubt already have.
Subscribing to ParkInsure is quick, taking less than 3 minutes through GOprotect, with a hassle-free claims process available through the insurers’ 24/7 claim hotline. Users can easily manage their policies and certificates via the “My Policies” tab on their eWallet app. ParkInsure provides a unique and budget-friendly way to ensure coverage against potential incidents within car park compounds, adding an extra layer of security to Touch ‘n Go card users.
The HONOR 11.11 Mega Sale has been announced, promising discounts on popular devices and the chance to get an exclusive Touch ‘n Go gift set!
Up to 48% off devices on the HONOR 11.11 Mega Sale
HONOR MagicBook 14 laptops on big discounts for 11.11
The HONOR MagicBook 14 AMD variants will be on discount of up to RM920 during the HONOR 11.11 Mega Sale. Fans can get the 16GB RAM + 512GB storage variant for RM2379 and the 8GB RAM + 512GB storage variant for RM1909. The HONOR MagicBook 14 is a great value for money pickup with these discounts, offering good battery life and snappy performance for productivity.
Get The Elusive Touch ‘n Go NFC card with HONOR 70
Get a limited-edition Touch ‘, Go NFC card with the Honor 70 X. Image source: Lowyat.net
For those still searching for the Touch ‘n Go NFC card, here is another unique avenue to get one. The new HONOR 70 Icelandic Frost edition comes bundled with the enhanced Touch ‘n Go NFC card. For just RM1999, the HONOR 70 comes with an HONOR 70 X Touch ‘n Go Limited edition gift set. The gift set includes Touch ‘n Go RFID set, Protective casing with card holder, and HONOR Band 6 with a 1-year extended warranty.
HONOR X6 available in 4GB RAM + 64GB storage variant
HONOR has also added a new variant of the lightweight X6 with 4GB RAM and 64GB storage. Retailing at RM499, the Honor X6 weighs in at only 194g and comes with a triple rear camera. It is good value for those wanting a smartphone with portability and crisp pictures on the go.
The Touch ‘n Go eWallet has become one of the most ubiquitous eWallets in Malaysia right now. Nearly everyone has the app on their phone and an increasing number of merchants and outlets are accepting the eWallet as a means of payment. That said, even with its increasing number of functions, the eWallet has had a huge handicap when it comes to Touch ‘n Go’s cards. Today’s announcement makes that a thing of the past.
Yeah, you’ve probably already guessed it and let out an elated squeal. Touch N’ Go group has officially announced a new card that links up to the eWallet in every way! You’ll be able to top up and manage your credit on the card directly on the eWallet. No need to go top-up from a Touch N’ Go kiosk and no surcharges! Just take out your smartphone and top up via the eWallet. It can even be used for all existing Touch ‘N Go card functionality.
The new card comes in a minimalist, pastel pink and pastel blue gradient design and is available for RM10. You can get the new card at one of Touch ‘N Go’s selected retail partners across Malaysia or simply order one on the eWallet. Once you have your new card, you’ll just have to link it to your eWallet via NFC. – Yes, the NFC functionality works on both Android and iOS devices. – You’ll be able to have five Touch ‘n Go cards linked to your eWallet. Linking is as simple as touching the card to your phone’s NFC sensor and it’ll be automatically added to your eWallet.
Touch ‘N Go anticipates that there may be a shortage of the new cards as demand for them is high. This is exacerbated by the global chip shortage. However, you will still be able to register your interest for the card on the Touch ‘n Go eWallet. When you do, you will get a notification when the card is in stock again.
Users can transfer balances from their existing cards into the new card by requesting a refund on the Touch ‘N Go portal and selecting their eWallet as their preferred method.
18 months ago, Touch n’ Go Sdn. Bhd. started something quite radical for the transportation industry in Malaysia. It is not what you would call unthinkable or unheard of. It has been done before, albeit outside of Malaysia. The new application within Malaysian road have been also widely know to be used in plenty of applications with unmatched reliability and accuracy; baggage sorting and handling in the airports for example.
If you were thinking of RFID (Radio Frequency IDentification); yes we are talking about RFID. The title should have given it away anyway. Touch n’ Go Sdn. Bhd., in collaboration with Touch n’ Go Digital, launched the RFID pilot program. According to Touch n’ Go, the program gave out about million RFID tags to residents of Klang Valley. The program also extends its acceptance across Klang Valley’s 22 highways through its 18 months Pilot program. Late last year, extending into this year, the RFID acceptance extends to selected toll gates across the North-South Expressway.
In short, the program was a successful one. That is the test covered; so what is next? A full rollout of course.
That also means that RFID tags are now available for purchase via installation centres across the nation. You no longer have to make extensive applications through the website and wait for approval from Touch n’ Go to install the RFID tags to your cars, for a price. Not expensive though at MYR 35. Compare that to a new Smart TAG device at MYR 150 each. To use the devices you also have to get a new Touch n’ Go card for MYR 10.
The RFID tag works with an eWallet – the Touch n’ Go eWallet. You do not need a Touch n’ Go card anymore with the RFID tags. Well, you might still want to keep one as a back up; just in case. All you have to do is to ensure you have enough credits in the Touch n’ Go eWallet, pass through an RFID lane, and you’re through. Keep a good distance with the car in front of you though, and a reasonable speed (30 km/h) and below.
Of course RFID will not just stop at the 22 toll gates in Klang Valley. They are rolling out to even more toll gates across the nation through 2020 and beyond. Touch n’ Go is also looking to use RFID beyond the public roads. They are looking at installing it and using it for parking, paying for petrol, and more.
RFID is more than just what you see on the surface though. Touch n’ Go Sdn. Bhd. can now do real-time traffic analysis and tracking. These data can be shared across multiple platforms or even the authorities for traffic planning and tracking. It is all a part of a smarter and more digital Malaysia.
Touch n’ Go’s RFID tags will be available for purchase at MYR 35/tag from 15th February onward. You do have to ensure that you have the Touch n’ Go eWallet app on your smartphones first though; the RFID tags are tied to your eWallet. From the 15th February 2020 to 15 April 2020 40 lucky winners will walk away with MYR 2,500 worth of Toll Pass credited in their eWallet.
The Touch n’ Go eWallet app is available for free on Android and iOS via Google’s Play Store and Apple’s App Store respectively. For more information on the Touch n’ Go RFID program you can head over to their website.
