Cashless payment solutions provider Revenue Group Bhd has teamed up with TNG Digital Sdn Bhd to provide additional online shopping options to Touch n’ Go (TNG) eWallet users to shop on Alibaba Group Holding Ltd-owned Taobao.com and Tmall.com marketplaces. Taobao and Tmall are the world’s largest e-commerce marketplaces with a monthly active mobile user of 755 million reported in June 2019.
The Touch ‘n Go (TNG) eWallet is getting more and more accepted as a method of payment at physical shops and stores. It’s also expanding online, as the eWallet can now be used to shop on TaoBao and Tmall. This is done in partnership with Revenue Group Berhad and its revPAY mobile payment platform. When shopping on either TaoBao or Tmall, you’ll revPAY as an additional payment option. Select it, and you’ll be able to select Touch ‘n Go as your method of payment. It’s important to note that this only works while you’re not browsing on your phone. This is because you’ll need your phone to scan the QR code as a form of verification.
Revenue MD and group CEO Eddie Ng Chee Siong said the strategic collaboration with TNG Digital is in support of the government’s aspiration to accelerate the creation of a robust and secure digital payments ecosystem. “Our latest effort has led to a strategic collaboration with TNG Digital, and with the additional payment options and services made available to the consumers via the TNG e-Wallet on our revPay platform, consumers shopping on Taobao and Tmall will have the flexibility to make payment according to their personal preference and behaviour,” he added.
There’s also another benefit to this, aside from there being another payment option. With TaoBao and the TNG eWallet both providing their own money-back guarantee, you essentially have two layers of protection when using this as your payment option. The TNG eWallet as a payment option is already live on both TaoBao and Tmall. To date, the TNG eWallet has over five million registered users and more than 80,000 merchant acceptance points.