RM66mil disbursed to almost three million M'sians via e-Tunai, says Guan Eng

  • Nation
  • Monday, 20 Jan 2020

E-wallet service provider barcode scan is placed at Nasi Lemak stall at the SS2 morning market .An expeniture of RM10 millionhas been recorded with Touvh n' Go eWallet, Boost and GrabPay on the first day of the e-Tunai Rakyat initiative says Finance Minister Lim Guang Eng. AZHAR MAHFOF/The Star

CYBERJAYA: Close to three million Malaysians have signed up for the e-Tunai Rakyat initiative over the weekend, with about RM66mil disbursed to the people.

Finance Minister Lim Guan Eng said the response from the public towards the government initiative since its launch on Jan 15 has been “encouraging”.

“I have travelled to various locations, both here in peninsular Malaysia as well as in east Malaysia. I am pleased that there has been an encouraging response from the rakyat to this initiative.

“We are confident that the Malaysian public is ready for greater adoption of cashless payment technologies.

“As at 9pm on Sunday (Jan 19), there has been a total of 2.9 million applications, and 2.2 million approved, with a total of RM66mil disbursed to the rakyat.

“Besides increasing the rate of adoption for cashless payments in Malaysia, the e-Tunai Rakyat incentive will also support the country’s economic growth,” said Lim, at the launch of the Cashless Ecosystem for Cyberjaya initiative here.

The e-Tunai Rakyat programme was announced during the Budget 2020 presentation last year.

The government has allocated RM450mil to disburse RM30 free shopping money to eligible Malaysians through three selected e-wallet providers for eligible Malaysians.

On the launch of the Cashless Ecosystem for Cyberjaya initiative, Lim said the township is on its way to become a truly cashless society.

“The plan of Cyberjaya to go cashless started in 2018 and began with the objective of securing more than 80% merchants to accept at least one e-payment mode which can either be credit cards, debit cards or e-wallets.

“Apart from shops, Cyberjaya’s farmer’s market and pasar malam sellers are also targeted so they will be digitally enabled to accept e-payments and thereby, inclusivity.

“Anyone who visits Cyberjaya no longer needs to bring cash. With either our mobile phones, credit or debit cards, e-payments can be made, even with the street vendors,” said Lim.

The event also saw the unveiling of the ‘DuitNow’ National QR standard, established under Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF).

Through DuitNow QR, users can make payments from any participating banks or e-wallets’ mobile app.

Merchants would only need to display one QR code, the DuitNow QR, to accept payments.

“Adoption of a common national QR standard, DuitNow QR, will reduce the confusing proliferation of QR codes displayed at merchant outlets and increase consumer adoption,” said Lim.
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