Finance Malaysia Blogspot: Are you ready to claim your RM100 eMADANI credit and extra freebies?

Last week, PMX Datuk Seri Anwar Ibrahim announced that the eMadani e-wallet registration will begin on Dec 4 (Monday). The initiative is set to benefit 10 million eligible adults under both the B40 and M40 groups to receive a one-off e-wallet credit worth RM100.

It aims to encourage cashless transactions among the rakyat and at the same time, ease their financial burden. A total of 4 e-wallet providers will be a part of the initiative namely

Mae by Maybank2u,
Setel,
ShopeePay, and
Touch‘nGo eWallet

Who is eligible for RM100 eMADANI?

The eligibility criteria for individuals to participate in the RM100 eMADANI programme are:

Malaysian citizens; and

Aged 21 years and above as of 2023; and
Recipients of Sumbangan Tunai Rahmah (STR) based on record as of 7 November 2023, or, earning an annual income of RM100,000 and below based on the Inland Revenue Board’s (IRB) record as of 15 July 2023;
Have not claimed the credit from any other e-wallets;
Completed the account verification process; and
Is not a recipient of eBeliaRahmah.

But, you must follow these steps before you can claim the eMadani credit...

How to redeem RM100 eMADANI via the MAE app?

Launch the MAE app
Tap on the ‘eMADANI’ icon on the main page
Enter your information and tap ‘Submit’
You will receive a notification when your eMADANI RM100 redemption is successful!

For other e-wallets, you must complete your account verification if you haven't yet before claiming your RM100 eMADANI credit.

Touch'nGo eWallet

Where can the RM100 eMADANI be used?

The RM100 eMADANI can only be used to make physical QR code payments at any merchant nationwide, including DuitNow QR code merchants of participating banks & eWallets.

Take note: The RM100 credit is non-transferable and will expire on 29 February 2024.

Example, can and cannot via TNG eWallet

Why can’t the RM100 I received be used for online transactions?

The eMADANI initiative is meant for physical purchases. This is in line with the Government’s objective to increase cashless transactions among retailers, especially SMEs.

At the same time, vouchers, discount, coins, and other additional incentives provided by the participating e-wallet service providers are eligible to be used online and offline, subject to the providers’ terms and conditions.