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21 December 2019

How to get RM30 e-Tunai Rakyat?

As announced by the Ministry of Finance, the e-Tunai Rakyat initiative aims to accelerate the greater use and adoption of e-wallets and digital payments among Malaysian consumers and merchants, especially small enterprises and retail businesses.

Khazanah was appointed by the Ministry of Finance to facilitate and coordinate the implementation and launch of the e-Tunai Rakyat initiative within the given timeframe.

The "Winning" e-wallet service providers are ⇓⇓⇓

Who is eligible for this program?

  • Malaysian citizens with a valid IC.
  • 18 years and above. (as of 31 Dec 2019)
  • Have an annual income of less than RM100,000. (for year 2018)

    (The eligibility is validated by Jabatan Pendaftaran Negara and Lembaga Hasil Dalam Negeri)

How long is the e-Tunai Rakyat Program?
Users can submit their application starting from 15th January 2020 and the RM30 must be spent before the program ends on 14th March 2020.

Why only these 3 e-wallet providers?

The participating e-wallet service providers were selected based on 4 criteria, namely:

  • Large number of active users. This is to ensure that the e-Tunai Rakyat initiative has a broad reach among eligible Malaysians.
  • Large merchant networks. This is to enable more traders to take advantage of the incentive spending, while consumers can enjoy a wide selection of goods and services.
  • Technical expertise, financial strength, and human resources to build the necessary systems, processes, and procedures for the initiative, and the ability to handle a large number of transactions in a short period of time.
  • E-wallets that have invested significantly in their respective services in Malaysia.

How to Get the RM30 e-Tunai Rakyat?
  1. Choose the e-wallet (TNG, Boost, or Grab) you want 
  2. Download the e-wallet app, setup account
  3. Verify your account with valid IC and eKYC
  4. Press 'Claim It' on the e-wallet app or website (on 15 Jan 2020 onwards)
  5. If you're eligible, the RM30 will be credit into your choosen e-wallet account within 3 days.

As simple as this, and reminder again: Please spend the RM30 latest by 14 March 2020. Meaning you have 2 months to used up the incentive given.

Happy e-wallet 2020 !!!

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1 comment:

  1. Great article, thanks for sharing with us! It was really well written and simplified, even little kids can understand the language written here, thanks alot!!!


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