Khazanah Nasional has announced that three e-wallet services have been chosen as the official e-wallet for the upcoming e-Tunai Rakyat program. The initiative was announced back in October during the tabling of Belanjawan 2020 in which eligible individuals would receive a one-time payment of RM 30 that can be utilize through e-Wallet.
According to Khazanah who has been assigned to handle the program by the government, the chosen services are Boost, GrabPay, and Touch ‘n Go eWallet. The sovereign fund investment company has also revealed the four criteria behind the selection:
Large number of active users.
Large merchant networks.
The strength of their technical capabilities, financial, and human resources.
Significant investments that these services have made into their operations.
The e-Tunai Rakyat program will take place form 15 January to 14 March 2020.
This article is still developing. Please refresh for the latest update.
(Source: Khazanah Nasional.)