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Three main functions can be used, namely ATM (with various combinations of banking transactions), e-debit (online purchase payment) transactions at participating merchants and MEPS Cash (a stored-value card that can be used to pay at participating merchants). MEPS is a member of the Asian Payment Network (APN). [1]
Touch 'n Go eWallet was one of the three e-wallet services in Malaysia (the other being Boost and GrabPay) that was eligible for its users to receive an RM30 stimulus plan as part of the E-Tunai Rakyat program under the Budget 2020 plan, which encourages the adoption of cashless and mobile payment in Malaysia. [29]
Touch 'n Go lane signboard. Touch 'n Go is a contactless smart card system used for electronic payments in Malaysia.The system was introduced in 1997 and is widely used for toll payments on highways, public transportation, parking, and other services.
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [1]
Malaysia issued its first general duty revenue stamps in 1975, inscribed Hasil Malaysia (Revenue Malaysia) and depicting the country's coat of arms. Three values of $25, $100 and $250 were issued. In 1982, the coat of arms was changed slightly so the set was reissued with the new version. This time $500 and $1000 values were added.
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It started to collect payment of electricity bills, sale of dog licences, payment of pensions, sale of television licence and others. In 1992, Pos Malaysia Berhad was corporated [ 6 ] from the PSD. In September 2001, Pos Malaysia Berhad was listed on the then Kuala Lumpur Stock Exchange (now known as Bursa Malaysia Berhad ) through a reverse ...
The My Rapid card was initially planned to be also accepted on the 9 MRT Sungai Buloh-Kajang Line once the Semantan-Kajang stretch opens. According to an announcement by Prasarana, the My Rapid card will instead be phased out and replaced with the co-branded My Rapid Touch 'n Go cards beginning 15 June 2017.