Touch ‘n Go ewallet to charge 1% conversion fee for overseas transactions starting April 25


As of time of writing, payments via the Touch 'n Go ewallet are available in 47 different countries, including the United States, United Kingdom, China, Singapore, and Australia. — ANGELIN YEOH/The Star

TNG Digital Sdn Bhd (TNGD) will start charging a 1% conversion fee on overseas transactions made via its Touch ‘n Go ewallet platform from April 25 onwards, according to an update to its FAQ page.

The new fee will be added to the daily exchange rate of the destination currency.

As of time of writing, payments via the Touch 'n Go ewallet are available in 47 different countries, including the United States, United Kingdom, China, Singapore, and Australia.

This new fee comes after the company implemented a 1% fee on credit card reloads back in February to curb credit card cashouts.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

US CFTC probing Jump Trading's involvement in crypto, Fortune reports
Oracle to invest over $1 billion on AI, cloud computing in Spain
Coinbase launches $2 million ad targeting Latino voters in US
Silicon Box to pick Piedmont for $3.4 billion Italian chip plant, sources say
Anthropic launches newest AI model, three months after its last
Nikola plans 1-for-30 reverse stock split to comply with Nasdaq listing rules
PayPal hires Walmart exec as chief technology officer in AI push
Nvidia solidifies position as world's most valuable company
Joby Aviation says FAA gives nod for in-house software for air-taxi operations
Italy boosts crypto risk oversight and toughens sanctions, draft shows

Others Also Read