Malaysian payment firm TNG Digital Sdn. Bhd. (TNGD) has announced a new partnership with investment platform Amanah Saham Nasional Berhad (ASNB), making it the first and only eWallet agent to offer investments in ASNB unit trusts for Malaysians through the Touch ‘n Go eWallet.

This partnership enables Malaysians to subscribe to all 17 ASNB unit trusts through the GOinvest feature in the eWallet, TNGD said in a statement on Wednesday.

According to the statement, these will complement the nine unit trusts that are currently available on GOinvest.

Existing ASNB unitholders can now invest conveniently in ASNB unit trust through GOinvest from the comfort of their own homes, without the need to physically visit a branch or agent.

Users can also check their portfolio performance, and make new investments anytime, anywhere.

New users are also encouraged to access their ASNB account through the eWallet for hassle-free investing once they have completed the easy online registration via the MyASNB app.

“The introduction of ASNB to our growing financial services portfolio aligns with our commitment towards digital inclusion and making financial investment accessible for everyone,” said Alan Ni, Chief Executive Officer of TNGD.

With a relatively low risk and long-term investment instrument, he said the firm’s users can save and invest with a consistent and competitive return on investment through ASNB.

With an incredibly low minimum initial investment of just MYR 10 ($2.15), he said over 12 million ASNB unit holders can now effortlessly invest through GOInvest in the Touch ‘n Go eWallet.

This innovative partnership further diversifies GOinvest’s offerings to a total of 26 unit trusts that caters to different risk appetites, while making online investments convenient and affordable for the masses.”

Meanwhile, ASNB Chief Executive Officer and Executive Director Muzzaffar Othman said that the firm aims to position itself as the advisor of choice, while simultaneously democratizing financial advice by making it accessible to all.

“This has led to the implementation of pivotal initiatives within our advisory, products, and channels, driving our transformation journey,

“We are committed to this mission as we seek to maximize all available channels to provide fast and convenient service to deliver a better overall user experience,” he said.

It is noted that the ASNB unit trusts are available for all Malaysians and categorized into two types of funds: Fixed Price Funds and Variable Price Funds.

ASNB Account opening can be initiated as early as newborn age through ASNB Kiosk or over the counter at any ASNB and Agents branches.

Additionally, for investors aged 18 years and above, the account can also be conveniently opened online via the myASNB app.

“As Malaysians’ preferred eWallet for daily transactions, we are committed to continuous innovation that will redefine banking, whilst providing seamless, safe, and reliable financial solutions that are tailored to meet the evolving needs of our users,

“Evident through strong partnerships such as this with ASNB, we are progressively building a suite of financial products and services, which include investments, insurance, lending, and payment solutions, that will add value and provide financial empowerment to our users,” added Ni.

Muzzaffar also added that this partnership provides the opportunity for financial inclusion and empowers individuals from all walks of life to secure their financial futures.

“This is also part of our mandate to ensure that every Malaysian has access to affordable and sustainable investment opportunities,

“Together, we will redefine convenience, accessibility, and financial empowerment. Our commitment to excellence, integrity, and innovation will drive us forward on this exciting path,” he said.

TNGD was founded by Touch ‘n Go Sdn Bhd and Ant Group (Ant), parent company of Alipay, China’s largest digital payments platform.

Established in 2017, TNGD is the owner and operator of Malaysia’s e wallet Touch ‘n Go eWallet which has more than 21 million registered users and over 1.7 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, 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.

Touch ‘n Go eWallet offers complete payment coverage for on-street parking in Kuala Lumpur and Selangor