To get started with Go+, just upgrade your account by tapping on the Go+ icon on the home screen. If your Touch ‘n Go eWallet is low in balance, the Quick Reload Payment feature will automatically reload your eWallet with the exact amount required. Touch ‘n Go doesn’t impose any charges for making a cash-out request. Cash-out to eWallet is done instantly while transfer to bank account will take one business day if the request is made before 4pm. Go+ users will have the option to cash-out directly to eWallet or to their local bank account. Touch ‘n Go understands the need of its consumers and a Shariah-compliant fund option is still in the works. Not Shariah Compliant nor protected by PIDMĪt the moment, Principal e-Cash that’s offered by Go+ is not a Shariah-compliant fund and it isn’t treated as E-money or deposit and it is neither capital guaranteed nor capital protected by PIDM. At the current listed 1.43% per annum, the returns are comparable to bank current accounts. However, she shared that Go+ provides the convenience for users to make withdrawals at anytime with no uplift fees or penalty charges. When asked about the low interest rate, Principal CEO Munirah Khairuddin said the e-Cash Fund isn’t meant to compete with fixed deposits. According to Touch ‘n Go, the eWallet will display net earnings after deducting the fees. There’s no sales charge when you cash-in but there’s management fee up to 0.45% per annum and a trustee fee of up to 0.03% per annum. After 3 days, we have accumulated RM0.0055 in earnings with a RM50 cash-in. If you cash-in after 4pm, you will start earning daily returns from the following day.Īt the time of writing, the listed Daily Return Rate is at 1.43% per annum. You must cash-in before 4pm to start earning the next day. Go+ allows you to earn daily earnings from your Go+ total balance. The bank account must be linked to your IC number. You can cash-in with your existing Touch ‘n Go eWallet balance or via online banking through FPX. You can also make additional cash-in at any moment with a minimum amount of RM10. This is available to all Malaysians who are aged 18 years old and above with a verified account. The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini.Touch ‘n Go eWallet users can start their investment with a minimum cash-in of RM10. We are sorry for the inconvenience this misunderstanding may have caused Gunasegaram and would be more than happy to assist him in any way possible in the future. Therefore, the issuance and expiry of the card are not within Plus’ purview.įurthermore, the RFID sticker, as well as its e-Wallet is also the product of Touch ‘n Go Group of Companies. Touch ‘n Go is the sole government-approved electronic payment system provider for toll collections in Malaysia and operates, amongst others, using its stored-value Touch 'n Go card. The highway industry is strictly regulated by the Malaysian Highway Authority and operation standards at all toll highways, which are managed by 14 highway concessionaires including Plus, are subjected to the rules and regulations stipulated by the authority. We provide a critical service to not only fellow Malaysians but to our international guests as well. Ultimately, integrity is core to our business and customer centricity is our purpose. Plus’ shareholders, Khazanah via UEM Group (51 percent) and EPF (49 percent) adhere to stringent corporate governance in the management of Plus Group of Companies. LETTER | Plus Malaysia Berhad (Plus) refers to P Gunasegaram’s column dated Oct 6th, 2022, published on Malaysiakini entitled “ Expired TNG cards - the RM270m a year scam”, which mainly touches on the areas which are proprietary of the product owner, i.e.
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