KUALA LUMPUR – Touch ‘n Go eWallet has launched the DuitNow Transfer function, allowing its users to move their monies from any Internet banking account directly to the eWallet in real time.
Besides providing users with greater function and flexibility, this supports Touch ‘n Go eWallet’s expansion into the digital financial services space and it is now interoperable and becomes part of a larger payments ecosystem alongside banks.
Touch ‘n Go eWallet is already accepted in over one million DuitNow QR merchant acceptance points, and the implementation of DuitNow Transfer is expected to fuel its usage further.
Touch ‘n Go chief executive officer Effendy Shahul Hamid said the group would continue to innovate around the ewallet function for its users.
“This marks our deepened penetration into the financial services ecosystem. DuitNow Transfer allows us to inter-work better with our users ‘source of funds’, as we aim to deliver superior value-added services to them across a range of use-cases,” he added.
DuitNow Transfer is an instant fund transfer function that is initiated from an online banking account as well as participating e-wallets.
It is operated by Payments Network Malaysia Sdn Bhd, the national payments network and shared central infrastructure for Malaysia’s financial markets. – Bernama, October 18, 2021
