Touch ‘n Go e-wallet expands cross-border payment service to Singapore
TNG Digital - a joint venture company by Malaysia’s Touch ‘n Go and Ant Financial Group - has expanded its cross-border payment service to Singapore, to allow Touch ‘n Go e-wallet users to pay for their ComfortDelGro taxi fares.
In a statement, TNG Digital said this feature was possible through a collaboration with Alipay+, a suite of cross-border digital payments and market solutions operated by Ant.
ComfortDelgro - the operator of Singapore’s largest taxi network with about 9,000 cars on the roads - currently accepts more than 20 different cashless payment options.
Tough ‘n Go e-wallet is Malaysia’s largest mobile wallet service with nearly 17 million users who use their accounts for everything from making payments to investing.
TNG Digital chief executive officer Alan Ni noted that plans are underway to launch more acceptance points for the Touch ‘n Go e-wallet in Singapore, although he did not provide specific details.
From now until June 25, Touch ‘n Go e-wallet users can get an instant discount of between RM4 (S$1.26) and RM6 off their total ComfortDelGro taxi fare when they make payment. These are capped at the first 300 transactions daily.
A NEWSLETTER FOR YOU
Asean Business
Business insights centering on South-east Asia's fast-growing economies.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
Malaysia mulls over plans for casino in Forest City as part of Johor-S’pore Special Economic Zone: sources
Philippines central bank not seeing rate hike despite peso weakness: finmin
Heatstroke kills 30 in Thailand this year as South-east Asia bakes
Malaysia’s March inflation steady at 1.8%, beats economists’ forecast
Axiata, Sinar Mas move closer to US$3.5 billion telco merger