Touch ‘n Go Group, via TNG Digital Sdn Bhd (TNG Digital), owner and operator of Touch ‘n Go eWallet, announced Monday it is expanding its cross-border payment capabilities to China through its collaboration with Alipay+, a suite of global cross-border digital payments and marketing solutions operated by Ant Group.
“We are pleased to continue our partnership with Alipay+ on cross-border payment solutions and expand our service territory beyond Singapore, Japan and South Korea,” TNG Digital Sdn Bhd Chief Executive Officer Alan Ni said in a statement.
“Touch ‘n Go eWallet is the first Malaysian eWallet which can be used for payments in China. This augurs well for all our users travelling there as they will enjoy the ease of making cashless payments, and in Ringgit Malaysia as well,
“We expect our users to experience the same seamless convenience of using Touch ‘n Go eWallet in Mainland China as how they would in Malaysia, and with the assurance that their transactions are safe and secure. We will continue to grow our acceptance to more markets in time to come,” he added.
Ant Group International Business President Angel Zhao said as businesses recover from the pandemic, Alipay+ is playing an important role in connecting global brands – both online and offline, big and small – with mobile-savvy consumers worldwide.
“Through simple adaption, more than 2.5 million merchants around the world are able to access and better serve the growing user population of various leading digital payments providers, as digital transformation takes hold around the world,” she said.
According to the statement, over the past six months, Alipay+ has been gaining ground in markets including Southeast Asia, South Korea and Japan, connecting local and regional merchants with various digital payment methods.
China has become the latest destination for users of Malaysia’s Touch’n Go eWallet in a drive to enhance a seamless and convenient payment experience for international visitors ahead of the Hangzhou Asian Games.
The global merchant coverage of Alipay+ by sector includes over 1,000 online platforms, more than 10 major airports, over 90,000 convenience stores, over 360,000 restaurants, nearly 200,000 taxis and major hotel brands, department stores, duty-free shops and tourist facilities in Asia and Europe.
Apart from China, all Touch ‘n Go eWallet users can also make cross border payments wherever the Alipay+ QR code is displayed in Japan, South Korea, Singapore, United Kingdom, Italy, France, and Germany.
The Touch ‘n Go Group is Malaysia’s leading consumer facing financial-technology enterprise with a key focus in the country’s transportation ecosystems and platform-based payments infrastructure.
It comprises the service offerings of Touch ‘n Go Sdn Bhd (TNG), a wholly owned subsidiary of CIMB Group and TNG Digital Sdn Bhd (TNGD), a joint venture between TNG and Ant Group, parent company of Alipay, China’s largest digital payments platform.
The TNG Group of companies serve Malaysians who use its card, RFID and eWallet offerings to fulfil a host of daily transactions.
TNG Digital was founded by Touch ‘n Go Sdn Bhd and Ant Group, parent company of Alipay, China’s largest digital payments platform.
Established in 2017, TNG Digital is the owner and operator of Touch‘n Go eWallet, Malaysia’s number one eWallet company, with more than 18 million registered users and over 1.2 million merchant touch points including DuitNow QR.
Combining Touch ‘n Go’s strong domestic brand, dominance in toll, transit and parking use cases and nationwide user base, together with Ant’s deep domain expertise and leading the development of open platforms for technology-driven inclusive financial services, the Touch ‘n Go eWallet provides financial services and payments services to both retail users and small to mid-sized businesses, across physical and online infrastructure.
Ant-backed e-wallet Touch ‘n Go launches digital personal loan facility