Additional money could be added to the e-wallet through JomPay, debit cards, credit cards, and Touch 'n Go reload PINs.
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The first version of the application allowed users to reload prepaid mobile service, pay bills, purchase movie tickets and flight tickets, send and receive money from friends and family, and make payments at stores and restaurants, although initially these services were only supported in Taman Tun Dr Ismail.
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It utilized QR code technology to make payments instead of relying on the NFC technology widely used by other significant e-wallet brands, such as Samsung Pay.
Touch 'n Go relies on QR codes to make a payment.īefore the partnership with Ant Financial, Touch 'n Go had originally released its e-wallet application in February 2017, which was called Touch 'n Go Wallet. In July 2012, Touch 'n Go announced a collaboration with CIMB and Maxis to create an NFC-based online transaction service, which can be used on NFC-enabled smartphones and allow users to make payments via NFC. According to SoyaCincau, the service was not widely adopted by customers, and the poor reception meant that the service was generally regarded as unsuccessful. Only one feature phone device was supported: the Nokia 6212 Classic. The payment system utilized near-field communication (NFC), which allowed users to make payments by tapping the mobile phone to card readers, which also support physical credit, debit, and Touch 'n Go cards. It allowed Maxis customers to make payments with their Touch 'n Go technology integrated into their feature phones. Touch 'n Go has previously ventured into mobile payment through a partnership with Maxis via FastTap in 2009. īefore their e-wallet service was established, Touch 'n Go provided contactless card payments that allowed users in Malaysia to pay for toll roads, public transportation, and parking lots, and also allowed them to make purchases in retail stores. It allows users to make payments at over 280,000 merchant touch points via QR code pay for tolls, street parking, payment on e-hailing, car-sharing apps or taxis via RFID or PayDirect pay bills top-up mobile prepaid pay for purchases on e-commerce websites or apps order food delivery perform peer-to-peer money transfers renew car insurance and purchase unique insurance plans and purchase movie, bus, trains, and airline tickets. If the recovery phrase is lost, the user might not be able to retrieve their private keys.Touch 'n Go eWallet is a Malaysian digital wallet and online payment platform, established in Kuala Lumpur, Malaysia, in July 2017 as a joint venture between Touch 'n Go and Ant Financial. Exodus users are responsible for storing their own recovery phrase. The value of the blockchain assets you exchange is subject to market and other investment risks. Any investment in blockchain assets involves the risk of loss of part or all of your investment. Past performance is not indicative of future results. Similarly, blockchain assets you exchange on the basis of your research may increase in value after your exchange.
In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own, and for all your decisions as to whether to exchange blockchain assets with the Exodus in app exchange feature.
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Exodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds.
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