TNG Digital gets SC nod to directly distribute capital market products

'With the approvals behind us, we will now focus on ensuring the user experience is best-in-class as we move towards a launch,” said TNG group CEO Effendy Shahul Hamid

KUALA LUMPUR: Touch 'n Go Group's (TNG) subsidiary TNG Digital Sdn Bhd has been granted conditional approval to operate as a recognised market operator (RMO) by the Securities Commission.

It said in a statement that the conditional approval will enable it to directly distribute capital market products, including money market unit trust funds, through the Touch 'n Go eWallet platform without having to be directed to third-party applications.