Touch ‘n Go eWallet expands cross-border payment service

Touch ‘n Go eWallet expands cross-border payment service

Users can now perform transactions in local currencies in China, Japan, Singapore, South Korea, Thailand, and Indonesia.

Touch ‘n Go eWallet users can now use the payment network in popular destinations within the region including China, Japan and South Korea. (touchngo pic)
PETALING JAYA:
Touch ‘n Go eWallet has expanded its cross-border payment service, allowing over 20 million of its users to perform transactions in the respective countries’ local currencies within the region.

In a statement today, Touch ‘n Go said users may make use of the feature in popular destinations such as mainland China, Japan, Singapore, South Korea, Thailand, and Indonesia.

Through its integration with national cross-border QR payment systems and collaboration with Ant Group’s Alipay+, the eWallet now offers its users a vast network of merchant touchpoints with competitive exchange rates.

“For instance, Touch ‘n Go eWallet is now accepted across Indonesia’s QRIS network, allowing its users to pay seamlessly with competitive exchange rates at more than 25 million merchant touchpoints,” the statement read.

Users now have the convenience of conducting transactions in the local currency of the respective country, with real-time foreign exchange rates displayed within the eWallet prior to making payments.

The payment will be deducted from either the user’s eWallet or GO+ balance, mirroring the process of local payments made in Malaysia.

Since 2022, Touch ‘n Go eWallet has seamlessly integrated with Alipay+, a comprehensive suite of cross-border payment and marketing solutions.

This integration empowers Touch ‘n Go eWallet users to make cross-border payments across Alipay+’s extensive merchant network in the Chinese mainland, Japan, South Korea, and Singapore.

Alipay+ has since expanded this service to more countries, most recently in Thailand, according to the statement.

TNG Digital Sdn Bhd CEO Alan Ni said advancements in technology have provided users with the chance to tackle challenges faced during travel, particularly the inconvenience of carrying bank notes.

“I am certain that our users will appreciate the convenience and peace of mind when transacting with our eWallet during their travels,” he said.

Additionally, Touch ‘n Go eWallet has plans to expand its services to more countries, such as the Philippines, Australia, and several others in the near future, according to the statement.

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