Luno customers can now make deposits to their Luno wallet and purchase cryptocurrencies using Touch ‘n Go (TNG) eWallet. This comes as the crypto exchange has recently introduced instant deposits with the e-wallet service provider to offer more seamless deposit options for its investors.
According to Luno’s Help Centre, those who wish to deposit via TNG eWallet can do so by following these steps (you’ll also be prompted in-app, so don’t worry!):
- Fire up your Luno app, and select “Wallets” from the bottom navigation bar.
- Tap on your “MYR Wallet”, then select “Deposit”.
- Select “Touch ‘n Go eWallet”, followed by “Continue”, and then enter the amount that you’d like to deposit.
- You’ll be redirected to your TNG eWallet to approve the transaction on the app.
- Review the information, then select “Continue to Touch ‘n Go eWallet”.
- You’ll be redirected again to key in your phone number and six-digit PIN code, then select “Log In”.
- Approve the transaction, and you’re done!
Luno said that deposits from your TNG eWallet should reflect in your Luno MYR wallet instantly. Note, though, that you must be a verified TNG eWallet customer with Pro or Premium wallets to tap into this feature.
Additionally, the minimum deposit amount for this option is set at RM10, up to a maximum of RM5,000 (for Pro users) or RM20,000 (for Premium users). This is, however, also subject to your remaining monthly transaction limits on TNG eWallet, if you’ve already used up some allocation for other expenses for the month.
As for fees, there are no charges for deposits of RM100 and more, but deposits of less than RM100 will incur a fee of RM1 per transaction. Also, be sure to only transfer money from your personal TNG eWallet account to your Luno account, which bears a matching name. Otherwise, the transaction may be rejected.
While it’s not certain when exactly this latest update by Luno was launched, it is a fairly recent one. Prior to this, Luno investors were only allowed to make deposits via bank transfers (with the transaction taking two to three business days) and FPX bank transfers (instantly reflected).
(Source: Luno Malaysia)
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