Touch n Go eWallet to adopt DuitNow QR standard – users can soon transfer funds to banks, other eWallets

Touch n Go eWallet to adopt DuitNow QR standard – users can soon transfer funds to banks, other eWallets

Touch n Go has announced that its eWallet – which motorists link to their RFID tags or physical TnG cards for toll payment – will adopt the DuitNow QR standard.

PayNet’s DuitNow QR is described as Malaysia’s National QR Standard under Bank Negara’s Interoperable Credit Transfer Framework. Through DuitNow QR’s interoperability, any compliant QR code can take payments from any participating banks and eWallets, the company says. This means that TnG eWallet users will soon be able to transfer funds to bank accounts and other eWallets.

The TnG eWallet will then be part of the DuitNow ecosystem, which currently counts 40 banks, nine of which are already using DuitNow QR in their in-house apps. The other banks, eWallets and non-bank acquirers are expected to implement the unified QR code over the next six to nine months, SoyaCincau reported.

Touch n Go eWallet to adopt DuitNow QR standard – users can soon transfer funds to banks, other eWallets

As for TnG eWallet, it will be available on DuitNow by July this year, and the plan is to transition all its merchants to the DuitNow QR code. Once that’s done, merchants need to only display one QR code to accept payments from over 22 million Malaysian bank and eWallet accounts. At present, the TnG eWallet has nine million users and 135,000 merchants.

“We are thrilled to be expanding Touch n Go eWallet by becoming part of the DuitNow eco-system. As a brand, we constantly strive to make our eWallet accessible at all touchpoints by providing a seamless transaction experience. Our users and merchants are our utmost priority, and we strive to enable a seamless cashless experience for all,” said TNG Digital CEO Ignatius Ong.

“We can now proudly say we stand with PayNet as they rally to do the same. Merchants will now be able to run their businesses hassle-free knowing that users can seamlessly transact with their Touch n Go eWallet through the DuitNow National QR Standard,” he added.

According to DuitNow, GrabPay, BigPay, FavePay and ShopeePay will also support the unified QR standard.

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Danny Tan

Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.

 

Comments

  • tony soprayes on Feb 12, 2020 at 11:56 am

    instead of working on allowing users to recharge their tng cards via ewallet, they did this which we didn’t ask for. sometimes i think tng is sadistic. they just love to see us suffer.

    Like or Dislike: Thumb up 9 Thumb down 3
    • Damfak? on Feb 12, 2020 at 5:22 pm

      What did you eat for breakfast? Poop? Why the negativity on this article?

      Like or Dislike: Thumb up 3 Thumb down 7
  • mohd saberi bin pudin on Jul 20, 2020 at 7:37 pm

    saya nak baiki nama di profil

    Like or Dislike: Thumb up 0 Thumb down 0
  • Mohd Shahrul Nizam bin Abdullah on Jul 29, 2020 at 8:36 am

    E wallet 50

    Like or Dislike: Thumb up 0 Thumb down 0
  • i try.. it said not allow to transfer to own account.

    my tng ewallet using same number with the bank saving account number.
    and TnG ewallet not allow to key in ic number. so that i can set bank account to ic number.

    Like or Dislike: Thumb up 0 Thumb down 0
  • Ramzi Abdul Ghani bin morni on Oct 05, 2020 at 1:17 pm

    Daftar baru

    Like or Dislike: Thumb up 0 Thumb down 0
  • Sherry yap on Apr 03, 2021 at 7:05 pm

    你好,想问下我的钱转去bank了,为什么bank没有钱的呢?

    Like or Dislike: Thumb up 0 Thumb down 0
  • Hasrol on Jun 08, 2021 at 1:23 am

    Nak transfer touch n go ewallet to bank

    Like or Dislike: Thumb up 0 Thumb down 0
 

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