Penang Goes Cashless with Touch 'n Go eWallet

Penangites can now look forward to the convenience of cashless experience with Touch 'n Go ewallet at merchant stalls and hawker joints at various bazaars and night markets in key heritage streets around George Town as well as areas in Pulau Tikus and Tanjung Tokong.

Launched with the support of the Penang State Government and officiated by Penang's Chief Minister, Chow Kon Yeow, Touch 'n Go eWallet functions as a digital payment that offers a hassle-free shopping experience just as simple as scanning the QR code of the merchants and walking away enjoying their purchase. Just in a matter of few taps and it's done.

Ignatius Ong, CEO of TNG Digital Sdn. Bhd. said, “We’re truly excited to be bringing our expertise to Penang as this puts us on the right track to achieving our vision of a cashless Malaysia. Our efforts in Penang are unique to Penangites and are for all who reside, work, and travel in this city. Enabling these heritage streets is the continuation of our long-term commitment to drive Penang forward by empowering locals to experience a more convenient, safer and hassle-free way of transacting in their everyday lives.

We want to play an active role in supporting the economic growth of Penang through the facilitation of a digital payment system for local merchants. Homegrown small merchants such as hawker joints and mamak operators will benefit greatly from Touch ‘n Go eWallet as it would help them innovate and stay relevant in the current market landscape. Beyond that, we realised the importance of empowering local startups to cultivate a healthy and thriving business landscape and have established partnerships local, homegrown brands, MULA and DeliverEat.”

Chief Minister of Penang, Chow Kon Yeow said, “This is a terrific initiative by TNG Digital to elevate Penang to greater digital heights. We want to thank Touch ‘n Go eWallet for its continued efforts that benefit not only the everyday consumers but also our local merchants. I am thrilled to see our local businesses adopt and implement the Touch ‘n Go eWallet as their digital payment mode. With yet more upcoming collaborations with TNG Digital to enable more various other partners such as LinkBike and eGovernment services via the Touch ‘n Go eWallet, I believe that Penang will be well on its way to becoming a truly cashless state.”

Touch ‘n Go eWallet’s expansion into Penang is in line with the Penang State Government’s agenda of ‘Penang2030’; an action plan that focuses on improving the liveability, economy, civil participation and balanced development to achieve a ‘Family-focused, Green and Smart State’. Under this plan, Touch ‘n Go eWallet’s support contributes positively to a vibrant local economy and Penang becoming a green and smart state - with cashless eliminating the need for paper transactions or receipts and the technologically advanced eWallet with its exclusive key features contributing to Penang becoming a more connected and smarter city.

Touch ‘n Go eWallet is hoping to triple its merchant base in Penang within the coming year. As of now there are an existing total of 110,000 merchants nationwide, with 7 million current users.