Prime Minister Datuk Seri Anwar Ibrahim announced that the eMadani ewallet registration will begin on Dec 4 (Monday).
The initiative is set to benefit 10 million eligible adults under both the B40 and M40 groups to receive a one-off ewallet credit worth RM100.
Four ewallet providers will be a part of the initiative namely Mae by Maybank2u, Setel, ShopeePay and Touch ‘n Go eWallet.
To be eligible for redemption, recipients have to be a Malaysian citizen aged 21 and above as of 2023.
They also have to be a Sumbangan Tunai Rahmah recipient based on record as of Nov 7, 2023 or have an income of less than RM100,000 a year based on Inland Revenue Board of Malaysia (LHDN) records as of July 15, 2023.
The Finance Ministry in an FAQ said that eBeliaRahmah recipients are not eligible for eMadani as they have already benefited from the previous initiative back in June.
The eMadani registration and redemption period will begin from 8am on Dec 4 until Feb 20, 2024 through the participating ewallet providers.
Recipients have to perform an electronic identity verification process or eKYC on the ewallet app before making the application. They can then apply to receive the eMadani credit through the ewallet.
It will take between 24 hours to five days to verify the application. Recipients will get a notification through their chosen ewallet provider about the status of their application.
The eMadani credit is valid for use until Feb 29 and it can only be used for physical payments.
The Finance Ministry stated that it cannot be used for peer-to-peer transfers, cash outs, app-related purchases/payments or for any online transactions.