The conditional approval by the Securities Commission will enable the company to directly distribute capital market products including money market unit trust funds through the Touch ‘n Go e-wallet platform, without having to direct users to third-party applications.
Among the functions available through the Touch ‘n Go e-wallet is PayDirect, which allows users to link up to three Touch ‘n Go cards to their e-wallet app for use on toll highways, in addition to the e-wallet’s other functions for retail purchases, bill payment, and online shopping.
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