Friday 26 Apr 2024
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KUALA LUMPUR (Oct 1): Cashless payment solutions provider Revenue Group Bhd has teamed up with TNG Digital Sdn Bhd to enable the usage of Touch 'n Go eWallet on the Alibaba-owned Taobao and Tmall marketplaces.

At a press conference today, Revenue managing director and group chief executive officer (CEO) Eddie Ng Chee Siong said the strategic collaboration with TNG Digital is expected to enhance Revenue's bottomline going forward and drive its electronic transactions processing segment, as it is set to gain from the electronic transaction processing fees.

Meanwhile, TNG Digital CEO Ignatius Ong expects Touch 'n Go eWallet users to enjoy this new payment channel and anticipates a good take-up rate.

To date, the Touch 'n Go eWallet has over five million registered users and more than 80,000 merchant acceptance points, while Taobao and Tmall are the world's largest e-commerce marketplaces with monthly active mobile users of 755 million in June 2019.

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