Latest news with #TNGDigitalSdnBhd
Focus Malaysia
a day ago
- Business
- Focus Malaysia
TNG Digital launches Business Account to help even the smallest businesses grow with ease
TNG Digital Sdn Bhd has launched the TNG Digital Business Account which is designed to support micro-SMEs and gig workers with a zero-barrier solution to digitalise their operations, manage income, and grow their businesses securely, all from a mobile device. The launch was officiated by Deputy Domestic Trade and Cost of Living Minister Fuziah Salleh alongside TNG Digital CEO Alan Ni. This initiative marks a significant step forward in making digital financial tools more accessible to Malaysia's underserved and informal business communities. TNG Digital Business Account is a fully digital e-Wallet account issued by TNG Digital, an approved e-money issuer regulated by Bank Negara Malaysia. It requires no fees, no paperwork, and no minimum balance, designed for all types of small businesses including SMEs, microSMEs (MSMEs), hawkers, informal merchants, and gig workers, who are often excluded from traditional financial services. 'TNG Digital Business Account was built to address a clear gap. Although micro and small businesses contribute nearly 40% of GDP and support almost half of the nation's workforce, many still lack access to tools that help them scale and operate efficiently in a digital economy. 'This solution enables them to accept payment, manage transactions and grow their businesses efficiently through their mobile phones. 'For a long time, many micro and small businesses have had to make do without the right tools to manage their finances efficiently. 'With the TNG Digital Business Account, we're changing that by removing the barriers and allowing SMEs to open an account instantly, receive funds in real time, and make transfers seamlessly across banks and e-Wallets, all within a secure and inclusive ecosystem, at zero cost. It's about making everyday business simpler so they can focus on growing.' Meanwhile, Fuziah noted that the launch of the Business Account by TNG Digital is a new product that will add value to the MSME community in the country. 'What we are witnessing is an important step towards creating a more accessible system, especially for those who have previously been left out of the benefits of digital services,' she remarked. 'Initiatives like this are not just about technology, but also about ensuring that everyone has the opportunity to participate in and benefit from the growth of the new economy.' In addition to enabling payments, the Business Account gives merchants access to business growth tools. With over 23 million verified users on the TNG e-Wallet platform, merchants can boost visibility through features like Near Me, and drive customer engagement using GOyangGOyang cashback and voucher campaigns. The account also includes built-in safety features such as a dedicated PIN, kill switch, and 24/7 fraud protection. Looking ahead, TNG Digital plans to expand the offering into a broader ecosystem that includes micro-lending, savings, and protection services tailored for micro and small businesses. The TNG Digital Business Account reflects the company's broader mission to make business easy, so every dream, no matter how small, has the chance to grow. To learn more about TNG Digital Business Account and how it can support your business growth, visit . ‒ June 19, 2025
The Sun
2 days ago
- Business
- The Sun
TNG eWallet empowers small traders with digital tools
KUALA LUMPUR: TNG Digital Sdn Bhd is broadening its support for micro and small enterprises, particularly independent traders operating at markets, food stalls and public spaces, by offering accessible and easy-to-use digital payment tools. The company, through TNG eWallet, provides static QR codes and a Merchant Dashboard system, both free of charge, enabling traders to accept cashless payments and monitor real-time transactions. TNG eWallet is integrated with DuitNow QR through a partnership with Payments Network Malaysia Sdn Bhd (PayNet), allowing merchants to receive payments from any local bank or eWallet nationwide. In a statement today, TNG Digital chief operating officer Mohd Herman Sarbini said the company aims to support various types of businesses, from home bakers to startup founders. 'Our solutions are designed to help small merchants grow by giving them tools to manage transactions, track performance and understand customer behaviour,' he said. TNG Digital said that to enhance security, it also introduced the Merchant Soundbox, a device that provides real-time audio confirmation for each successful transaction and helps prevent scams involving fake payment screens. 'Linked directly to the merchant's account, it gives users greater confidence during busy operating hours,' it said. The Soundbox is offered at promotional prices to ensure affordability for small traders, especially those operating alone during peak hours. Besides that, for merchants unfamiliar with digital tools, the company provides face-to-face onboarding sessions, live demonstrations and simple user interfaces. 'Outreach efforts are conducted regularly in collaboration with the Ministry of Domestic Trade and Cost of Living (KPDN) through the Retail Digitalisation Initiative and with support from PayNet and state governments,' the company said. TNG Digital further said that during the Ramadan bazaar season, it collaborated with local authorities to help rural entrepreneurs transition to cashless environments. 'TNG Digital is also approved by Jabatan Tenaga Kerja Semenanjung Malaysia (JTKSM), an agency under the Ministry of Human Resources, to provide alternative salary payment services to unbanked workers. 'This approval benefits blue-collar and migrant workers, many of whom are employed by micro small and medium enterprises (SMEs),' it said. Mohd Herman said the approval allows employers to pay salaries directly into TNG eWallet accounts, noting that nearly 70 per cent of the company's merchants are classified as micro SMEs. 'It removes the risks associated with handling cash and ensures workers have secure and immediate access to their earnings,' he said. TNG Digital said that each TNG eWallet account is issued with a DuitNow account number that functions like a traditional bank account, enabling users to send and receive funds from any Malaysian bank and helping to bridge the gap between the unbanked and the formal financial ecosystem. The company highlighted these initiatives at Expo 2025 Osaka, where it presented tools such as the Merchant Dashboard, Soundbox, and cashback features designed to support small businesses in managing transactions and engaging customers.
