The measurements are only imposed on banks but the company did it first lol TNGeWallet TechNave
ts users’ accounts, Touch ‘n Go eWallet just announced that there will be five new measures to combat financial scams.
As recently imposed by Bank Negara Malaysia, Touch 'n Go eWallet has come forward to volunteer as the first and only eWallet in Malaysia to incorporate the new safety and security measures, ahead of the others. Touch ‘n Go eWallet will implement these five strategies by the first quarter of 2023. Once in place, these security standards are expected to further reinforce safeguards against fraudulent transactions.
According to figures from Bursa Malaysia, losses from reported scams amounted to RM5.2bil over a two-year period during the Covid-19 pandemic. And there were many more that went unreported. For further information about Touch ‘n Go eWallet’s safety and security, please visit touchngo.com.my/policies/safetyandsecuritymeasures/.
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