Search results
Results from the WOW.Com Content Network
Touch 'n Go eWallet joined DuitNow, an electronic transaction ecosystem in Malaysia which allows the funds from Touch 'n Go eWallet to be transferred to other competing services and vice versa, and allows users to make payments to merchants that use only one unified DuitNow QR code, which can also be used by competing e-wallet apps. Announced ...
Touch 'n Go lane signboard. Touch 'n Go is a contactless smart card system used for electronic payments in Malaysia.The system was introduced in 1997 and is widely used for toll payments on highways, public transportation, parking, and other services.
Its competitors were GrabPay, [2] Touch 'n Go eWallet, and Axiata's Boost. [3] On 1 November 2019, Digi announced they were discontinuing vcash on 30 November 2019, two years after its launch, which were attributed to stiff competition from competitors that provide rewards to their users to retain customers in their services.
It is launched by PayNet under the Bank Negara Malaysia's Interoperable Credit Transfer Framework (ICTF). Some of the banks and e-wallets that support this payment system are Maybank, Hong Leong Bank, CIMB, HSBC, Touch 'n Go eWallet, GrabPay, Setel, ShopeePay, OCBC, UOB, ICBC, and more. [27]
On 8 August 2018, Touch 'n Go discontinued the sales of SmartTAG in favor of RFID-based Touch 'n Go eWallet which started its testing phase on the following month. [1] However, LokaTAG, another authorized aftermarket SmartTAG manufacturer will provide an alternative device that will serves as drop-in replacement for SmartTAG. [2]
With the result of the merger, PayNet is now the holding company for the PayNet Group which comprises two main subsidiaries, namely Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency Management Sdn Bhd (MCM). The PayNet Group is Malaysia's premier payments network and central infrastructure for financial markets.
Touch-and-go landing, an aviation term referring to an aircraft maneuver; TaG (kart) (Touch and Go), a class in kart racing; Touch 'n Go, a highway toll collection system in Malaysia; Touch 'n Go eWallet, a mobile app based e-wallet and payment system "Touch and go" payment, also known as contactless payment
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]