TNG Digital Sdn Bhd has launched e-Mas, a gold investment product via its e-wallet, aiming to democratize digital financial offerings and expecting to reach 500,000 subscribers by year-end. Supported by CIMB Bank Bhd, e-Mas allows users to invest in gold starting from RM10 without hidden fees.
2 July 2024 – TNG Digital Sdn Bhd has launched a gold investment product, e-Mas, accessible via its e-wallet, providing an easy avenue for users to diversify their investment portfolios. The e-Mas product, supported by CIMB Bank Bhd as the liquidity provider, enhances TNG Wallet’s existing investment options, allowing users to start investing in gold with as little as RM10 and no hidden fees.
According to TNG Digital, the new product is designed to offer a superior investment experience through a seamless, fully digital process. Users can track gold prices with live updates and manage their investments directly from the eWallet.
“e-Mas is one of the numerous financial services products available under the investment feature of TNG eWallet, aimed at empowering Malaysians to make informed financial decisions,” the company stated.
Alan Ni, Chief Executive Officer of TNG Digital, highlighted that e-Mas expands the variety of investment products within the TNG eWallet. “We are extremely honored that our efforts to democratize access to digital financial offerings, such as digital gold investment, are supported by the Minister of Digital, Gobind Singh Deo. With e-Mas, we are committed to offering a wide variety of products to cater to the diverse investment risk appetites among our users,” he said.
TNG Digital projects that e-Mas will attract 500,000 subscribers by the end of the year, a goal supported by the positive early response from customers during the product’s pre-launch last week. “Though it was not open to all, over 40,000 people have already started investing. We are confident this will become the largest gold investment portfolio in terms of users,” Alan stated at the press conference.
[source]
