TnG to impose 1% conversion fee for overseas transactions from April 25

This will be included in daily exchange rate of travel destination, company says

7:31 PM MYT

 

KUALA LUMPUR – TNG eWallet will be charging a 1% conversion fee for users using the cross-border QR payment feature within the eWallet when travelling outside Malaysia, from April 25 onwards.

This fee does not affect the fee structure of the Touch ‘n Go eWallet Visa card.

“Effective April 25, 2024, a 1% overseas transaction conversion fee will be included in the daily exchange rate of your travel destination. 

“The sum that you’re paying from the effective date is inclusive of this charge.”

This was updated on its frequently asked questions section on its official portal. 

Apart from Malaysia, TNG Digital also expanded its service to other Asian countries, such as China, Japan, South Korea, Singapore, Indonesia, and Thailand.

These TNG eWallet cross-border payments can be made via the China-based digital payment system, Alipay+, where the respective currency will be automatically detected by the e-wallet, it added. – April 8, 2024

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