Touch 'n Go e-wallet granted recognised market operator status by the Securities Commission of Malaysia

Friday 15 January 2021 11:13 CET | News

The Touch ‘n Go Group has announced that its subsidiary, Touch ‘n Go Digital has been granted conditional approval to operate as a recognised market operator by the Securities Commission of Malaysia.

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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Keywords: Touch ‘n Go, e-wallet, Malaysia, recognised market operator, Securities Commission of Malaysia, capital market products
Categories: Payments & Commerce
Countries: Malaysia
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