AIA & Touch'n Go Wallet Strategic Partnership

Touch ‘n Go eWallet and AIA Malaysia kicked off their strategic partnership with the launch of their first product collaboration, WalletSafe. Touch ‘n Go Group (TNG Group), which is part of the financial services provider CIMB Group Holdings Bhd, and AIA Malaysia said WalletSafe, launched at an introductory price of RM1, is a six-month insurance plan that covers Touch ‘n Go eWallet users in the event of death caused by accident or Covid-19, paying up to 10 times the balance amount in their Touch ‘n Go eWallet (maximum RM25,000).

It also provides an additional protection for unauthorised transactions performed on their eWallet and GO+ accounts, up to RM25,000. All these additional coverages are on top of the Money-back Guarantee already covered by Touch ‘n Go eWallet for its verified users.

Bank Negara Malaysia’s Annual Report, e-wallet transactions have increased by 131% in 2020 amounting to 600 million transactions, compared with the 300 million transactions in 2019. Additionally, more merchants have also signed up to accept e-payments with Quick Response (QR) code payments. Touch n’ Go eWallet has already accepted over one million DuitNow QR merchant acceptance points.