KUALA LUMPUR: Touch n’ Go eWallet users will now be able to shop on Alibaba-owned Taobao and Tmall websites following a tie-up between Revenue Group Bhd and TNG Digital Sdn Bhd.
Revenue Group and TNG Digital recently signed an MoU which would allow Touch ‘n Go eWallet users to purchase on these two marketplaces and use Revenue's revPAY platform to pay with their e-wallet application.
Revenue Group said on Tuesday this collaboration would provide customers with ease and secured mobile and web payment options through its revPAY Malaysia e-banking platform.
Revenue Group is a cashless payment solutions provider which believes in helping Malaysia make further strides in digital payments
Taobao and Tmall are the world’s largest e-commerce marketplaces with a monthly active mobile users of 755 million in June 2019.
To-date, the Touch ‘n Go eWallet has over five million registered users and more than 80,000 merchant acceptance points.
Revenue Group managing director and group CEO Eddie Ng Chee Siong said the strategic collaboration with TNG Digital was to support the government’s aspiration to speed up the creation of a robust and secure digital payments ecosystem.
“The business interests of our business partners is always important to us and we continue to strive to develop innovative products and solutions that will help them to grow.
“Our latest effort has led to a strategic collaboration with TNG Digital and with the additional payment options and services made available to the consumers via the e-wallet of Touch ‘n Go on our revPAY’s platform, consumers shopping on Taobao and Tmall will have the flexibility to make payment according to their personal preference and behaviour, ” Ng said.
TNG Digital Sdn Bhd CEO Ignatius Ong said shopping online makes up a big part of the lives of Malaysians, and with the ease of access to these sites improving to the point that purchases can be made via a single tap, it is more important than ever that the Touch ‘n Go eWallet is present.
“We at Touch ‘n Go eWallet want to continue being the enabler for a truly cashless society and what better way then, than to be available as a payment channel on the world’s largest e-commerce marketplaces, Taobao and Tmall.
“I am optimistic that our users will enjoy this new payment channel and we expect a good take-up rate, ” Ong said.
The Touch ‘n Go eWallet enables the users to purchase movie tickets, pay for their retail shopping ranging from F&B and entertainment.
Touch ‘n Go eWallet is also championing mobility through the introduction of PayDirect and RFID system for toll payments.
The strategic collaboration with TNG Digital will help to drive Revenue Group’s electronic transaction processing segment as it is set to gain from the electronic transaction processing fee.