Connectors / Payment methods / Touch n Go

Touch n Go

#e-Wallet#RFID Card

Touch ‘n Go is a popular electronic payment method in Malaysia. It is operated by Touch ‘n Go Sdn Bhd, a subsidiary of CIMB Group Holdings Berhad, a major […]

Certified payment providers 7
Market coverage 1
  • Malaysia
Currencies 1
  • Malaysia Ringgit
Description

Touch ‘n Go is a popular electronic payment method in Malaysia. It is operated by Touch ‘n Go Sdn Bhd, a subsidiary of CIMB Group Holdings Berhad, a major Malaysian financial institution.

The Touch ‘n Go payment method is based on a prepaid contactless card. Users can load money onto their Touch ‘n Go card and use it to make payments in a wide range of situations, including public transportation, parking, highway tolls, in-store purchases, and many more.

The Touch ‘n Go card utilizes Radio Frequency Identification (RFID) technology to enable contactless transactions. Users simply need to tap their card on a compatible reader, and the transaction is automatically processed.

In addition to the physical card, Touch ‘n Go also offers a mobile application called “Touch ‘n Go eWallet”. Users can download the app on their smartphones and link their Touch ‘n Go card to the app for making payments without using the physical card. The app also provides additional features such as card reloading, transaction management, and access to special offers.

Touch ‘n Go is widely accepted in Malaysia and is used by millions of people on a daily basis. It offers the convenience of quick and cashless payment at numerous locations. It is also integrated with various public transportation systems, making it easier for users to commute.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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