TnG eWallet, Boost and GrabPay have been announced as the selected e-wallets for Government e-Tunai Rakyat.

What is the e-Tunai Rakyat Program?

RM30 will be given into individual e-wallet accounts to encourage cashless spending and transactions.

“Malaysians 18 years of age and above and who earn less than RM100,000 annually will be eligible to receive RM30 each through any of the participating e-wallets.” ~Khazanah Nasional

Eligibility

  • Malaysian citizen with NRIC.
  • 18 years and above in 2020.
  • Annual income of less than RM100,000.

Impact

  • Increase usage of e-Wallet users especially senior citizens.
  • Federal government allocation of RM450m

Application

  • Application Start: January 15, 2020
  • Application End: Mar 14, 2020
  • Application Submission: respective e-wallet providers

e-Wallet Providers

 

Comparing e-Wallet Options

e-WalletCashbackEst Cashback/SavingsFeaturesWithdrawalAuto TopupTx Protection
FavePayYes (Same merchant)5.0% - 10.0%DiscountsN/AN/ANo
BigPayYes (Points)0.1% / 3.0%AirAsia; 0% Fee FOREX, P2PYes (RM6 / 8 overseas)NoNo
Razer PayNo0.0% (10.0% for zGold)Razer Store, Virtual Currency, P2PYes (verified)NoNo
Touch 'n Go AppYes (Promos)0.0% - 20% (promo only)TnG Card/Top-upNoYe