Tagged: tng digital

September 22, 2024 @ 7:39 pm By Michael Wong  |  

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

August 11, 2023 @ 9:33 am By Omar Faridi  |  

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

July 25, 2023 @ 8:41 pm By Omar Faridi  |  

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

August 1, 2022 @ 10:43 pm By Omar Faridi  |  

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

March 6, 2022 @ 4:25 pm By Omar Faridi  |  

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

August 19, 2021 @ 7:25 pm By Omar Faridi  |  

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

July 26, 2021 @ 10:54 pm By Omar Faridi  |  

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

January 24, 2021 @ 8:51 pm By Omar Faridi  |  

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