TNG eWallet Credit Card Reload Charges
Learn about the implementation of TNG eWallet credit card reload charges. Find out the details and alternatives to manage your eWallet efficiently.
Hey there, savvy eWallet users! If you're using Touch 'n Go (TNG) eWallet in Malaysia, there's some important news for you. TNG Digital Sdn Bhd (TNGD) will be implementing a 1% fee for all credit card reloads.
But don't worry, we've got
all the details you need to know about this change and some alternative options
to help you manage your eWallet effectively.
Understanding TNG eWallet Credit Card Reload Charges
Let's
break down what this means for you:
Comparison of Reload Charges
|
Reload Method |
Charges |
|
Credit Card |
1% fee (starting Feb 23) |
|
DuitNow Transfer |
Free |
|
Debit Card |
Free |
Why the Change?
According to TNGD, this move aims to address excessive cashing out of credit card balances to bank accounts and offset the heavy cost of credit card reloads, which TNGD has been subsidizing since its inception.
It's all about finding a balance between convenience, security, and
the long-term sustainability of the company.
CEO's Perspective: Alan Ni, the CEO of TNGD, emphasized the
importance of this balance, stating that while credit cards remain an option
for reloads, users are encouraged to explore alternatives such as DuitNow
Transfers or debit cards, both of which are free of charge.
While the introduction of a 1% fee for credit card reloads may come as a slight inconvenience to some users, it's important to understand the rationale behind this decision.
By exploring alternative
reload methods like DuitNow Transfers or debit cards, you can continue to
manage your TNG eWallet efficiently without incurring any additional charges.
Source: The Star: Touch 'n Go eWallet to charge 1% fee for all creditcard reload
Disclaimer: Please refer to the provided source for the most recent information regarding TNG eWallet credit card reload charges.
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