TNGD hits on a winning formula in payments

Focusing on collaboration: Ni says TNGD will not be applying for a digital banking licence for now as it prefers to work with other banks in the country.

PETALING JAYA: TNG Digital Sdn Bhd (TNGD) aims to be strategic with its growth plans after having made significant strides in the financial technology industry since its launch in 2017 as a pioneering cashless payments platform and leading e-wallet in Malaysia.

Now a well-established household name and with over 50% of the e-money market share in the country, TNGD counts more than 21 million users of its e-wallet services for their daily transactions. TNGD also has 1.7 million merchant touchpoints including DuitNow QR. The company’s inclusive payment solution has also empowered over 900,000 small and medium enterprise (SME) merchants.