April 25th, e-payment platform TNG eWallet users will be charged a 1% conversion fee for using their QR payment feature abroad. Previously, users only encountered this charge for manual credit card reloads exceeding RM1,000.
Additionally, the company seeks to offset the high costs associated with processing credit card transactions. As TNG eWallet sees increasing popularity for overseas payments, it is now available in 40 countries. The move comes as TNG eWallet in February encourage its users to utilise debit cards or DuitNow bank transfers for e-wallet reloads, in order to prevent a 1% charge for reloads via credit card.
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