Touch ‘n Go launches GOremit to enable digital payments in APAC
By Gloria Mathias
Touch ‘n Go, a Malaysia-based FinTech company has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet, to innovate and drive inclusivity across products and services.
With GOremit, users can send money securely to five Southeast Asian countries namely Indonesia, the Philippines, Singapore, Thailand, Vietnam, and other countries in the Asian region including Bangladesh, India, Nepal, Pakistan, and Sri Lanka.
Alan Ni, Chief Executive Officer of TNG Digital said, “With GOremit in the Touch ‘n Go eWallet, users and merchants can remit money to 10 countries from a convenient and safe platform. We provide an inclusive solution with competitive exchange rates that meet the needs of millions of foreign workers in Malaysia. Users who have the need to transfer money conveniently to their children studying abroad or transfer on behalf of their domestic helpers can do so via GOremit.”
The launch of GOremit has expanded the promotion of accessible financial services to the masses. It caters to underserved communities, foreign workers, international students, and expats, providing them with a safe and convenient solution to send money back to their home country.
Senders must complete their verification via e-KYC to use GOremit services and can choose to transfer to the recipient’s bank account, local eWallet, or to cash pick-up points. All transactions are done conveniently and securely through the eWallet, and users can view all transaction history from a single platform.
Push notifications will be sent to users on the progress of their money transfer, and they can view the status of any ongoing remittance in the Touch ‘n Go eWallet. Users can also add and create new receivers by entering the required details in their eWallet. Similarly, if they wish to remove an existing receiver profile, they can do so by tapping the delete button on the page of their eWallet.
Touch ‘n Go eWallet has been building its suite of financial products and services, comprising investments, insurance, lending, and payments solutions, specially tailored to offer value and convenience to its users from all segments of life.
IBSi Daily News Analysis
September 27, 2023
Global merchants increase spending to combat eCommerce fraudRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage