TOUCH ‘N GO LAUNCHES GO+, A LOW-RISK INVESTMENT PRODUCT THAT GRANTS DAILY RETURNS AND EASE OF CASHING OUT

by Kevin Chong
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TOUCH ‘N GO LAUNCHES GO+
Ignatius Ong, CEO of TNG Digital; Effendy Shahul Hamid, Group Chief Executive Officer, TNG Group; Munirah Khairuddin, CEO of Principal Asset Management

Touch ‘n Go (TNG) Group launched a financially inclusive investment product called GO+, which allows all Malaysian Citizens aged 18 and above to access low-risk money market investments for as low as RM10. GO+ provides a convenient method for TNG eWallet users to gain daily returns that can be seamlessly withdrawn to the user’s eWallet or designated bank account with no penalty charges. Additionally, GO+ balances can also be used for all eWallet payments use cases. To access GO+, users are required to click on the GO+ logo on the eWallet app and follow a few simple steps to cash-in a minimum of RM10 to start earning returns on their GO+ balance.

“The launch of GO+ is the first step as we move into the area of digital financial services. It was designed to address core customer pain points, promote financial inclusion and emphasize the use of data and technology to deliver higher-value products to our users. We’re extremely pleased to have been able to bring this novel product to the market, and at the same time, continue our evolution and journey into financial services,” said Effendy Shahul Hamid, Group Chief Executive Officer, TNG Group.

The GO+ product is anchored on the Principal e-Cash Fund, a money market fund managed by Principal Asset Management (Principal). It combines Touch ‘n Go eWallet’s expertise in technology and Principal’s core expertise in investment strategy and fund management to bring the most profitable returns.

Munirah Khairuddin, CEO of Principal Asset Management said, “Our new Principal e-Cash Fund was developed specifically for GO+ and focuses on convenience and yield enhancement. With as little as RM10, customers will be able to invest and earn daily returns in their eWallet investment account. This is just the beginning of our digital offering, and we look forward to developing many more.”

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