There’s one common thing all Malaysians love regardless of race, belief, and culture and that is; FREE MONEY!
What you need to know about e-Tunai Rakyat?
As an initiative to birth a cashless society and a digital economy, finance minister Lim Guan Eng announced an e-wallet stimulus namely e-Tunai Rakyat, to provide 15 million Malaysians with a one-off e-wallet credit payment worth RM30.
To realize e-Tunai Rakyat, Khazanah (Malaysia’s sovereign wealth fund) was appointed by the Ministry of Finance to facilitate the initiative seamlessly within the given timeframe. Khazanah has thus announced three service providers that Malaysians can redeem their e-Tunai from; GrabPay, Boost and Touch ‘n Go eWallet.
What criteria were weighed for e-wallet providers to be selected?
The use of e-wallets and the transformation of the nation to a cashless society will help Malaysia improve its overall GDP. This initiative is enforced to build confidence amongst Malaysians to go cashless and to adapt to digital payments. The participating e-wallet providers were selected based on four criteria:
- A large number of active users
- Large merchant networks
- Sufficient resources (technical expertise, financial strength, and sufficient human resources)
- E-wallet providers that have invested significantly in respective services in Malaysia.
These credits will be available for redemption from the 15th of January 2020 to 14th March 2020 by the earlier mentioned selected e-wallet providers.
That said, scroll down to read our comprehensive guide on how you can qualify to redeem e-Tunai Rakyat now! As you may only retrieve credits from one of the three selected providers, we’ve listed down redemption processes, promotions and extra benefits each provider is offering for you to make the right pick. You can now compare offers by Grab, Boost and Touch ‘n’ Go to decide by yourself which e-wallet RM30 is best to spent on.
Are you eligible for e-Tunai Rakyat?
First things first, let’s check on your eligibility to redeem eTunai Rakyat:
- Are you a Malaysian citizen with NRIC?
- Are you 18 years old and above in 2020?
- Do you earn an annual income of less than RM 100,000
If you’ve answered yes to all the questions above, congratulations! You qualify!
Now, let’s look into the three selected e-Wallet providers and the benefits they offer for you to make the right pick
What is GrabPay offering for e-Tunai Rakyat?
First on our list is none other than the infamous GrabPay. Grab is already revving their efforts to persuade Malaysians to claim e-Tunai Rakyat with them by offering 3X more value! What does this mean? With every transaction you make on GrabPay, you will be earning three times the usual point values via GrabRewards. GrabPay’s e-wallet is perfect for users who use the Grab app on a regular basis be it for their ride services or delivery services. The accumulated points provide discounts on Grab rides, GrabFood orders, GrabPay Price deals and all other deals on their app. Not only do you get to spend RM30 gained from e-Tunai Rakyat, but you also gain extra benefits in points from spending them on the app. While the RM30 incentive expires on a set date, points gained from spending on-app can still be used after.
Below are some details on the RM30 e-Tunai Rakyat incentive on Grab:
- On the 15th of January, all eligible Grab users will be able to claim e-Tunai through the Grab app.
- GrabPay e-wallet needs to be upgraded to qualify for the e-Tunai incentive and it only involves four simple steps to be completed in the app.
- Do take note that only eligible Grab users will be offered the option to claim e-Tunai Rakyat.
- RM30 incentive can be spent on any of Grab services and with GrabPay partner merchants.
- RM30 incentive cannot be transferred to family or friends.
- RM30 can’t be withdrawn or cashed out.
- Any remaining balance of the RM 30 will expire after the 14th of March so if you do opt for Grab, make sure to spend it by the expiry date.
Click here to download Grab on App Store for iOS
Click here to download Grab on Google Play for Android
Why should you choose Boost to redeem e-Tunai Rakyat?
Next on the list is Malaysia’s top lifestyle e-wallet, Boost. Boost provides more options as they have paired with 125,000 merchants nationwide. This simply means you have more options to spend your e-Tunai credits on.
We’re a fan of the convenience and array of options that Boost provides as their e-wallet can be used in shopping malls, retail outlets, to pay bills, parking, topping up prepaid mobile phone credits, purchasing movie tickets and many more (the list goes on and on folks!).
Boost is perfect for anyone who’s trying to adjust going cashless! With more options available, you can experiment using their app for your daily transactions. The icing on the cake? Throughout the e-Tunai Rakyat campaign, Boost has teased that exciting offers will be up for grabs with all their partners and merchants. On top of that, users are also eligible for their RM5 cashback offer upon upgrading their e-wallet.
Below are some details provided by Boost in regard to the RM30 e-Tunai incentive:
- e-Tunai Rakyat will be available for Premium users (upgrade and activate your e-wallet on Boost).
- Upon upgrading, you’ll be entitled to a cashback value of RM5 after you’ve spent your first RM 10 on the app.
- RM30 of e-Tunai Rakyat incentive will be available on the app starting 15th January 2020 and initiatives will end on the 14th of March 2020.
- RM30 fund is not transferable to other Boost app users.
- All unutilized balance will expire after the 14th of March 2020 so be sure to spend it all before the expiry date.
Click here to download Boost on App Store for iOS
Click here to download Boost on Google Play for Android
How can you benefit from e-Tunai Rakyat on Touch’n Go e-wallet?
Last but not least, Touch ‘n Go eWallet (TnG eWallet), a newer e-wallet service provider and grappling contender of Boost! App users are equally spoilt for choice as the RM30 incentive can be used on all 110,000 enlisted merchants including in-app purchases like street parking and toll payment such as PayDirect and RFID. More commonly used by Malaysians for its ‘Auto Reload’ feature for tolls, we’re assuming utilizing the e-Tunai Rakyat on TnG eWallet will be hard to resist for many (RM30 free to use for tolls!). TnG eWallet has yet to update any promotions in conjunction with e-Tunai Rakyat.
However, you can click here to view all already-available promotions on TnG eWallet’s website to decide if you’d like to opt for them.
Information provided by TnG eWallet include:
- Account verification necessary to claim RM30 in-app
- Users would need to key in MyKad number
- RM30 of e-Tunai Rakyat incentive will be available on the app starting 15th January 2020 and initiatives will end on the 14th of March 2020
- RM30 fund is not transferable
- RM30 will be credited upon verification
- All unutilized balances will expire after the 14th of March 2020 and cannot be used again.
Click here to download Touch ‘n Go eWallet on App Store for iOS
Click here to download Touch ‘n Go eWallet on Google Play for Android
We hope this comprehensive guide will help you decide which e-wallet service to splurge your e-Tunai Rakyat credit. We’re eager to watch Malaysia transform into a cashless society and adopt digital payments into their daily lives. We’re big fans of this e-wallet stimulus by the government and look forward to watching it unroll on the 15th of January. Be sure to do the necessary to earn your RM 30 and leave us a comment on how effective you think this initiative will be to convert you into a cashless person!
From https://blog.ewhallet.com/best-e-wallet-for-your-rm30-e-tunai-rakyat-initiative/
From https://kimberlyroberts0.blogspot.com/2020/01/which-e-wallet-gives-you-most-value-out.html
from
https://kimberlyroberts0.wordpress.com/2020/01/11/which-e-wallet-gives-you-the-most-value-out-of-your-rm30-e-tunai-rakyat-initiative/
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