PETALING JAYA: Touch ‘n Go eWallet (TNG eWallet) cross-border QR transactions grew 82% year-on-year from 2024 to 2025, mainly driven by travel spending in key regional markets.
While TNG Digital Sdn Bhd – the company that operates TNG eWallet – did not disclose the total transaction value, the growth comes as regional QR payment linkages allow Malaysian travellers to pay overseas using their domestic e-wallets.
TNG Digital was established in 2017 through a strategic partnership between Touch ‘n Go and Ant Financial, and TNG eWallet was launched the following year.
The expansion of cross-border QR payments comes as e-wallet adoption in Malaysia continues to rise. According to Bank Negara Malaysia, e-wallets account for 64% of total e-money transactions in the country.
TNG Digital said regional payment connectivity is strengthening through initiatives such as Asean Payment Connectivity and Malaysia’s participation in the Bank for International Settlements-led Project Nexus, which aims to link payment systems across countries.
“Today, we support QR payments in over 50 countries across government-to-government QR linkages and the Alipay+ network, while TNG eWallet Visa Card and Travel Card are accepted globally, expanding the global usability of Malaysian e-wallets,“ the company told SunBiz.
TNG eWallet’s key regional markets include Singapore, Thailand and Indonesia, and it is also used in China, Japan and South Korea through the Alipay+ network. The platform serves over 25 million verified users, representing about 85% of Malaysia’s adult population, with more than two million merchant touchpoints nationwide.
According to TNG Digital, this scale reflects the widespread adoption of digital payments across the country.
“As the only e-wallet to have participated in all government digital aid programmes, we have also played a key role in accelerating digital inclusion and payment adoption across Malaysia,“ it said.
TNG Digital said Malaysia’s e-wallet sector continues to expand, supported by government-led initiatives promoting cashless transactions.
The company said the next phase of growth for e-wallet platforms will come from value-added services, including financial services, travel and lifestyle offerings.
“Platforms that integrate these services seamlessly in a single ecosystem will drive stronger engagement, higher stickiness and long-term growth.”
TNG Digital said e-wallet usage is evolving beyond basic payments into broader financial management.
“The next phase of e-wallet growth will be driven not just by payments, but by how seamlessly platforms help users manage their daily financial lives. Consumers now use one platform to spend, save, invest and manage their finances.”
TNG Digital said it is focused on building an integrated ecosystem that supports spending, saving and financial access in one place.
TNG eWallet has grown into a multi-service platform offering investments, lending, credit, remittance, insurance and lifestyle services through its ecosystem, TNG Digital said.
It said the shift towards integrated financial services is evident in the rapid uptake of its wealth offerings, with assets under management growing 327% since GO+ was introduced in 2022.
The platform now offers a range of investment options including gold investment (e-Mas), money market funds, unit trusts and private retirement scheme products offered by Principal Asset Management, share trading through e-Trade and Amanah Saham Nasional Bhd funds.
“Driven by ease of use, low entry barriers and strong user trust, consumers see TNG eWallet as a daily financial companion, not just a payment tool,” TNG Digital said.
The Sun Malaysia
