Malaysian Fintech major TNG Digital is exploring a potential domestic initial public offering (IPO) that could raise over $300 million within the next two to three years, according to two sources familiar with the matter, Reuters reported. The sources indicated that TNG Digital, which owns… Read More
Read more in: Fintech, Asia | Tagged alibaba, fintech, ipo, malaysia, tng digital
Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.” TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from… Read More
Read more in: Global, Asia, Fintech | Tagged digital transactions, fintech adoption, fintech trends, malaysia, remittance payments, remittances, southeast asia, tng, tng digital, tranglo, virtual payments
TNG Digital Sdn Bhd has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet, as part of its commitment to innovate and drive inclusivity across products and services. With GOremit, users can “send money securely to five Southeast Asian countries namely Indonesia,… Read More
Read more in: Asia, Fintech | Tagged alan ni, digital wallets, malaysia, remittance payments, remittances, southeast asia, tng, tng digital, touch ‘n go
TNG Digital, the owner and operator of the Touch ‘n Go eWallet, has secured RM 750 million (appr. $168.5 million) as part of its latest round of equity funding. This investment round has been led by a fresh investment from the Lazada Group and a… Read More
Read more in: Asia, Fintech | Tagged digital wallets, e-wallet, effendy shahul hamid, equity funding, fintech adoption, fintech trends, investment round, malaysia, online wallets, southeast asia, tng digital, tng group, touch ‘n go ewallet
Following a 2-year stint at TNG Digital, Ignatius Ong has reportedly decided to resign from his position as the CEO “effective 31st March 2022” because of personal reasons.. Ignatius had previously been appointed as the CEO back in 2019 in order to replace Syahrunizam Samsudin… Read More
Read more in: Asia, Fintech, General News | Tagged aia malaysia, alan ni, malaysia, new appointments, tng digital, touch ‘n go
Touch ‘n Go Group (TNG) and Principal Asset Management revealed on August 18, 2021 that they’re introducing the Principal e-Cash Fund, which is the underlying fund for Touch ‘n Go’s GO+. This product is now Shariah-compliant, the update confirmed. TNG’s management noted that this makes… Read More
Read more in: Asia, Fintech, General News | Tagged digital wallets, effendy shahul hamid, malaysia, online wallet, sharia'h compliant, southeast asia, tng, tng digital, touch 'n go group
AIA Malaysia reveals that it will be acquiring a minority stake in TNG Digital, which is the owner of Touch ‘n Go digital wallet. This deal will reportedly be a key part of a long-term strategic partnership. The Edge reported that this transaction should make… Read More
Read more in: Asia, Fintech | Tagged aia malaysia, digital transformation, digital wallets, e-wallets, effendy shahul hamid, malaysia, online wallets, payments, southeast asia, tng digital
TNG Digital, the digital wallet provider that was launched via a joint initiative between CIMB Bank and China’s Ant Financial (now Ant Group), is reportedly planning to secure $150 million in capital according to a recent report from Reuters. The Malaysian digital wallet operator, owned… Read More
Read more in: Fintech, Asia, Global | Tagged ant group, china, cimb, CIMB Group, digital wallet, digital wallets, e-wallets, investment round, mainland china, malaysia, online wallet, southeast asia, tng digital
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