How to get 20% Toll Rebates via Touch'nGo e-wallet ?

After knowing the benefits of TNG eWallet and most importantly clearing the doubt/confusion between physical TNG card and TNG eWallet from our previous article (click here to read), it's time to move on to more details on the most important function of TNG eWallet called PayDirect.

What is so Good about PayDirect ???

PayDirect is a brand new feature that allows you to pay toll fares directly from your eWallet at these participating highways. TNG is rushing to bring you more highways enabled PayDirect in no time.

For sure, more highways will come on board very soon. Anyway, you may start experiencing the PayDirect feature at the following highways for the time being:

How to add TNG card and starts using PayDirect?

Ready to add your Touch n’ Go card details to experience the seamless convenience of PayDirect and enjoy your toll rebates?

Just follow below steps to get it done, and learn how PayDirect actually works.

Not Enough?

Want More Rebates?

Please refer to below...

Earn up to 50 x Toll Rebates !!!

Want to earn more chances to enjoy your 20% toll rebates? Every friend who signs up for Touch n’ Go eWallet using a personalised referral code will earn you 5 toll trips – you can accumulate up to 50 trips !!!

Meaning you can just refer 10 friends to sign up TNG e-wallet with your code and enjoy the maximum toll rebates. (click here to download...)

Click here and read the full Terms & Conditions and FAQ.

* Please take note that for users who redeem their complimentary Reload PIN are NOT entitled for the initial toll rebates. However, he/she still can enjoy toll rebates via this Referral Programme.

What if my e-wallet insufficient funds when passing the toll gate?
It will deduct from the balance of your Touch'nGo card which you're using.


Is this applicable for SmartTag user as well?
YES. Because SmartTag basically also using a TNG card attached.


How many TNG cards can I add into my e-wallet?
Total 3 cards is allowed and you can remove whichever card anytime in the future.

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Other articles you may interested to read on:

Why use Touch'nGo eWallet (not the physical card) ???

https://financemalaysia.blogspot.com/2019/02/why-use-touchngo-ewallet-not-physical.html

Why You Must use this App, especially AirAsia traveller?

https://financemalaysia.blogspot.com/2019/02/why-you-must-use-this-app-especially.html

10 Most Popular E-Wallet in Malaysia

https://financemalaysia.blogspot.com/2018/12/10-most-popular-e-wallet-in-malaysia.html

Why e-Wallet will be the Future Payment Method in Malaysia?https://financemalaysia.blogspot.com/2018/11/why-e-wallet-will-be-future-payment.html

Why use Touch'nGo eWallet (not the physical card) ???

Instead of holding the normal Touch'nGo (TNG) card we're using currently, we can opt for the mobile version of it via a new app called Touch'nGo eWallet. However, at this current juncture, you CANNOT reload your TNG card with the app. Don't be angry first. Let's give them sometime to sort things out.

Anyway, you can view your TNG card balance and last 5 transactions real-time via the eWallet app. That's pretty good though!

Abit of Background of TNG Digital

The e-wallet license holding company was TNG Digital Sdn Bhd (TNG Digital) and it is the joint venture entity where TNG is participating as a majority shareholder and Alipay is participating as a minority shareholder. (Bloomberg source) Meanwhile, TNG is a wholly owned subsidiary of CIMB Group.

What can do with TNG eWallet ?

The Touch 'n Go eWallet offers many attractive features that make your life more convenient.

• Transfer money to other Touch 'n Go eWallet users
• Reload your mobile prepaid
• Pay for your utilities and postpaid bills
• Purchase movie and flight tickets
• QR code payment at participating Touch 'n Go eWallet merchants
• Dynamic QR code payment at participating Touch 'n Go eWallet merchants
• To pay tolls via RFID feature and TNG Card feature (more about this in our next post)

How Do I Register as a TNG eWallet user?

It's easy, just follow these steps: 

1. Download Touch 'n Go eWallet now (click here to get the promotional code and download)
2. Register by keying in your phone number.
3. Request for One Time Password (OTP) to validate your phone number.
4. Set up your 6-Digit PIN and Security Question.
5. Fill up your personal information.
6. You're all set! Reload and pay with your Touch 'n Go eWallet.

What? Only RM200 limit per account?

Actually, you can choose to UPGRADE your eWallet size to RM5,000 by doing some verification as shown below. It's easy and only takes around 2 days to complete the verification process.

Source: Touch'nGo

Follow more e-wallet related updates via Facebook @EWallet Malaysia

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[Latest] How Was Malaysia Doing in 4Q 2018 ???

Today, yes during Valentine's Day, Bank Negara Malaysia (BNM) released its 4Q 2018 report to the general public. Fortunately, the result is above forecasts with the economy expanded at 4.7% in the fourth quarter of 2018 (Q4 2018), after two consecutive quarters of moderation earlier.

Read the Key Highlights here:

• Higher economic growth of 4.7%, higher than consensus forecasts of 4.5%
• Continued expansion across most sectors, with the exception of commodity-related sectors
• Services and manufacturing sectors remained the key drivers of growth
• Malaysia's macroeconomic fundamentals continue to remain strong despite domestic and external headwinds.

For 2018, the value of the gross domestic product (GDP) recorded RM1.23 trillion at constant prices and RM1.43 trillion at current prices.

• Headline inflation declined in the fourth quarter of 2018 as transport inflation turned negative reflecting the fixed domestic RON95 petrol and diesel prices
• The combined outcome of the changes in consumption tax policy continued to exert an overall downward impact to headline inflation
  

• Malaysia’s external debt stood lower at RM924.9 billion, or 64.7% of GDP as at end December 2018 (end-September 2018: RM933.3 billion or 65.3% of GDP).
• The country’s external debt remains manageable, given its currency and maturity profiles, and the presence of large external assets.
• Close to one-third of external debt is denominated in ringgit (31.1%; end-September: 31.3%)

How about this year 2019?
According to BNM, the Malaysian economy is likely to remain on a steady growth path given below factors:

• Global growth reverting to the long-term trajectory
• Resilience of private consumption and continuation of civil engineering projects
• Recovery from supply side shocks
• Commencement of new production facilities (RAPID, E&E, retail outlet expansion)
• Materialisation of approved manufacturing investment

Source: Bank Negara Malaysia

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What is EPF i-Saraan? With 15% Incentive?

Last year, EPF has introduced a scheme called Caruman Sukarela Insentif Persaraan (i-Saraan), designed to allow individuals with irregular monthly income or who are self-employed to save for their retirement while enjoying the same benefits as EPF members.

Why i-Saraan is Important in Malaysia?

Recently, the EPF revealed that out of Malaysia’s 22 million working-age population, 62% were self-employed, outside the formal labour force and not covered by any form of social protection. More and more people became freelancers, Grab drivers, commission-receiving agents, online business entrepreneur nowadays...

So, this scheme definitely is a very good initiative by the Government to ensure that this group of people able to achieve a certain level of savings upon reaching the retirement age. Forced saving is the best way to save up, but this was largely been neglected by this group of people all this. It could become a social problem in the future!

With this, hopefully it could reduce the number of senior citizens who are reliant on program allocations by the Society Welfare Department

What?

15% Government Incentive?

Am I eligible to get it?

ELIGIBILITY CRITERIA

a) Malaysian Citizen;

b) ‘Self-employed Persons' refer to individuals who derive income from their work and are not an employee;

c) Registered as an EPF member; and

d) Has opted to contribute under the i-Saraan by submitting Form KWSP 16G(1M) click here to download form to nearest KWSP office. Alternatively, you can get the form for free over-the-counter.

How to Make Contribution?

• Submit Form KWSP 6A(2) with cash/cheque at the EPF counter/mail or appointed bank agent counter such as RHB, MBB, PBB and BSN, or
• Online Banking: Maybank and Public Bank (this is the preferred method)

Payment Limit:

   1. No Minimum amount (only in Ringgit); and

   2. Maximum of RM60,000 yearly only

Special Government Incentive

Members who save under the scheme shall receive Government contribution of 15% on the amount contributed, subject to a maximum of RM250 a year (New rate effective 1 January 2018). The Government contribution has been extended until 2022. And, this is only applicable to members who are under age 55.

The EPF will routinely make Government contribution claims based on accumulated contribution for the first (January to June) and second (July to December) halves of the year. Upon receiving the contribution payment from the Government, the amount will be credited into members' Akaun 1 (Retirement Account).

Source: EPF website

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Why You Must use this App, especially AirAsia traveller?

Calling all AirAsia travellers especially, if you don't know this new app, then you're in missing all the goodies due to the following reasons. Firstly, you should know the benefits of e-wallets. Secondly, you should know this e-wallet from AirAsia group called BigPay.

BigPay is the future of payments and money in Southeast Asia. It combined the convenience of a mobile app with the flexibility of a prepaid Mastercard® to allow you to save time and money to transact.

6 Advantages of using BigPay

• REAL EXCHANGE RATE when paying abroad
  - When you’re abroad, pay with BigPay in the local currency and always get the best exchange rate - without the fees. The exchange rate was reportedly same or better than XE. No more queuing up to change money or getting ripped off by credit cards.
  
• INSTANT MONEY TRANSFERS to your friends
  - Transferring money is exactly 3 taps away from the home screen. Your friend can receives your money instantly, which could saves his/her live or maybe his/her life.
  
• EXPENSE TRACKING right from the app
  - All your expenses are automatically tracked and categorised within the app. So at the end of the month, you know exactly how much you’ve spent and where.
  
• ZERO Processing Fees on AirAsia.com- When paying with a debit or credit card, processing fees can amount to up to RM24 per booking. Why pay that?
• TRAVEL DISCOUNTS on AirAsia.com
  - The only card that saves you money on your flight booking, pre-booked baggage, and meals. On top of that, BigPay users often get access to exclusive sales!
  
• AIRASIA BIG POINTS with daily transactions
  - Any transaction with BigPay will earn you BIG points that you can use to redeem flights and perks on www.airasiabig.com.

Scaring that your BigPay prepaid Mastercard® could be stolen without you realising?NO worry. The freeze function in the app is your solution. You can always frozen your prepaid card anytime anywhere to safeguard your money in the account. Yeah!

BigPay is available on both
Android (click here to download)
iOS devices (click here to download)

Get RM10 if you insert this referral code VDN6123EJ2 during sign-up.

In conclusion, making payment to your flight tickets is normal, but, the different is how you pay for it. Online banking FPX? Credit card? Debit card? Or, BigPay is definitely your best choice now...

Article by EWallet Malaysia (click here to follow their active updates on Facebook)

And, do follow our active updates via Facebook @financemalaysia also.

Thanks.

A New Way to Save Money in Gold ???

After a turbulent 2018, almost all equity markets (if not all) were in negative territory.

So, coming to the year 2019, how are you going to allocate your money? Equity again? Or, bond papers?

And, more and more people are talking about gold investment now...

Why Save in Gold?

1. Gold diversifies your savings
2. Gold does not require large capital (huh? Really?)
3. Gold is highly liquid (if you chose the right way...)
4. Gold can be stored securely
5. Gold is limited in nature
6. Gold protects you from currencies crisis

Okay. Now we knew the benefits of saving in Gold. Next, in what way can we save in Gold? Well. Instead of the traditional way of buying physical gold and store it ourselves, one can starts saving via gold savings investment account or simply by a mobile app. 

Gold Saving Investment Account?

Dominated by banks, investors who opened a gold investment account can make a transaction in the purchase/selling of gold based on the bank’s prevailing selling/buying price. The difference between the bank’s buying price and selling price is your profit or loss.

Comparisons of different gold saving account available

With the advancement of technology, we don't have to go visit the bank to open a gold saving investment account anymore. Just sit back and relax, simply take out your smartphone and download one app called 'HelloGold'!

What's HelloGold?

Invest from as Low as RM1 only?

HelloGold provides an app-based platform that allows customers to buy, store, and sell physical investment-grade gold. The physical gold is safely vaulted and can be delivered to the customer directly.

Since its launch in April 2017, the app has been trusted by more than 16,000 customers in Malaysia and has won the IRBA’s Most Innovative Product award and winner of Malaysia's first FinTech Award (in the category of Prominent in Wealth, Asset & Investment Management of the year) in 2018. Also, HelloGold is the world’s first Shariah-compliant gold savings platform. Wow!

Why Putting HelloGold in Your Pocket ???

What are the Fees involved?

• Registration Fee : NO
• Add Cash Processing Fee :
• RM1.20 if you add cash through online banking, or
• RM0.00 if you add cash through Boost e-wallet.
• Cash Withdrawal Fee: NO
• Administrative Fee: 2% annually
• Gold Redemption Fee: The fees for redemption varies based on the weight of gold you redeem and includes administration, shipping, and insurance services.
• Weekend Buy and Sell Prices :
• Buy – 2% higher than on weekdays
• Sell – 2% lower than on weekdays

Click here to download (App Store for iOS devices)

Click here to download (Play Store for Android devices)

Tips: Use Boost e-wallet (click here) to add cash into your HelloGold account (no processing fee) and buy gold during weekdays.


Good News !!!



You can now register for a HelloGold account and key in Promo Code " YEOH2CZ7 " to get RM5 rebate when you purchase a minimum of RM50 worth of gold in one single transaction.

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