TnG eWallet To Charge 1% Conversion Fee On Overseas Transactions

TNG Digital has made a few updates to its FAQ page. One of the most notable changes includes an announcement of an additional 1% conversion fee for overseas transactions starting from 25 April 2024.

This means that all your overseas payments using TnG eWallet will be a little more expensive following that date, as the total sum you pay will include a new conversion fee. This is just the latest of the platform’s new fees that have recently been implemented. 

Just a few months ago, TNG Digital announced a 1% credit card reload fee to offset the cost of credit card transactions. Until that point, these costs were subsidised by the company so that the average user did not have to worry about it. 

TnG eWallet allows Malaysians to make QR code payments in several countries. This is possible due to China’s AliPay+ platform connecting all the payment systems. This allows seamless cashless payments for travellers, offering a whole new level of convenience. In addition to this, TnG ewallet also allows for cross-border QR payments under PromptPay, QRIS, and NETS. With this wide network of partnerships, TNG eWallet cross-border payment is now accepted in over 40 countries.

For tourists coming to Malaysia, the AliPay+ network also supports QR code payments for several partner e-wallets. The supported e-wallets include China’s Alipay, Philippines’ HelloMoney, Mongolia’s Hipay, Macau’s MPay, Japan’s Naver Pay, South Korea’s Toss Pay, Thailand’s TrueMoney, and Hong Kong’s AlipayHK.

If you want to know more about how the 1% fees work, you can look it up on TNG Digital’s FAQ on convenience fees.