TNG Digital Sdn. Bhd. (“TNGD”) announced a new partnership with Amanah Saham Nasional Berhad (“ASNB”), making it the first and only eWallet agent to offer investments in ASNB unit trusts for Malaysians through the Touch ‘n Go eWallet. This partnership enables Malaysians to subscribe to all 17 ASNB unit trusts through the GOinvest feature in the eWallet. These will complement the nine (9) unit trusts that are currently available on GOinvest.
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| (From left to right) Mr Desmond Teoh, Head of Financial Services and Mr Alan Ni, Chief Executive Officer of TNG Digital Sdn. Bhd. with Encik Muzzaffar bin Othman, Chief Executive Officer & Executive Director and Encik Mohd Azlan Masood, Chief Operating Officer of ASNB in an engaging session with members of the media. |
Alan Ni, Chief Executive Officer of TNGD said, “The introduction of ASNB to our growing financial services portfolio aligns with our commitment towards digital inclusion and making financial investment accessible for everyone. With a relatively low risk and long-term investment instrument, our users can save and invest with a consistent and competitive return on investment through ASNB. With an incredibly low minimum initial investment of just RM10, over 12 million ASNB unit holders can now effortlessly invest through GOInvest in the Touch ‘n Go eWallet. This innovative partnership further diversifies GOinvest’s offerings to a total of 26 unit trusts that caters to different risk appetites, while making online investments convenient and affordable for the masses.”
Muzzaffar Othman, Chief Executive Officer & Executive Director of ASNB said, “ASNB aims to position itself as the advisor of choice, while simultaneously democratising financial advice by making it accessible to all. This has led to the implementation of pivotal initiatives within our advisory, products, and channels, driving our transformation journey. We are committed to this mission as we seek to maximise all available channels to provide fast and convenient service to deliver a better overall user experience.”
The key features of ASNB on Touch ‘n Go eWallet include:
- Access to existing ASNB account: Check total investment, view breakdown of ASNB unit trusts, including unit purchases for both Fixed Price Funds and Variable Price Funds, and review the last five (5) transactions for each invested fund.
- Access to dependent(s) account: View the list of funds invested for dependent(s) and the corresponding unit purchases for both Fixed Price Funds and Variable Price Funds. Check the most recent five (5) transactions for each previously invested fund.
- Subscription to new funds: Easily subscribe to new funds for both own account and dependent(s).
- Investment in existing funds: Conveniently invest in existing funds for both own account and dependent(s).
The 17 ASNB funds offered through GOinvest in the Touch ‘n Go eWallet are as follows:
Fixed Price Funds
“This partnership provides the opportunity for financial inclusion and empowers individuals from all walks of life to secure their financial futures. This is also part of our mandate to ensure that every Malaysian has access to affordable and sustainable investment opportunities. Together, we will redefine convenience, accessibility, and financial empowerment. Our commitment to excellence, integrity, and innovation will drive us forward on this exciting path,” added Muzzaffar.
In conjunction with the launch, TNGD and ASNB are running a ‘Labur Online Laju’ (LOL) cashback campaign between 16 August to 30 September 2023, to reward users who subscribe to ASNB Investment GOinvest in the Touch ‘n Go eWallet. These cashback rewards consist of two (2) tiers:
- Tier 1: Users will receive RM1 Cashback when they invest RM10 in any ASNB Unit Trust.
- Tier 2: Users will receive an additional RM10 Bonus Cashback when they invest more than RM500 in any Variable Price Fund.
