Touch ‘n Go Group and Principal Asset Management (“Principal”) today jointly announced that Principal e-Cash Fund, the underlying fund for Touch ‘n Go’s GO+, is now Shariah-compliant. This makes GO+ fund Malaysia’s first shariah-compliant eWallet product.
AIA will provide innovative and personalised digital insurance solutions to meet the protection needs of over 16 million Touch ‘n Go eWallet customers nationwide, further demonstrating the insurer’s commitment to digital innovation and the Malaysian market.
Touch ‘n Go Group announced that it has achieved a very important milestone where its financially inclusive investment product GO+ is concerned. The Group announced that GO+ users have surpassed the 1 million mark. All this was achieved in just over two months. GO+ was launched on 29 March 2021.
Touch ‘n Go eWallet, with a strong network of over 15 million of eWallet users and over 350,000 merchant acceptance points, was selected to participate in eBelia, an initiative by the Ministry of Finance Malaysia. The eWallet supports the effort by promoting cashless spending on the youths’ essential and study needs whilst lightening their burden, as well as encouraging businesses to accept cashless transactions. Eligible youths who claim their RM150 eBelia credit with Touch ‘n Go eWallet receive the biggest reward in the form of cashback and discount vouchers from Lazada and over 250 brands
Touch ‘n Go Group launched GO+, a financially inclusive investment product that allows Touch ‘n Go eWallet users and all Malaysians to gain access to low risk money market investments for as low as RM10. GO+ enables an easy and convenient method for Touch ‘n Go eWallet users to earn returns on their GO+ balance. The returns will be credited daily. In addition to this, GO+ will also carry a ‘cash-out’ feature that will allow movement of funds seamlessly between the user’s eWallet and designated bank account. In order to add greater usability, GO+ balances can also be used for all eWallet payments use cases