If you missed the news, E-Tunai Rakyat allows Malaysians that are at least 18 years old with annual income of less than RM 100,000 to redeem RM 30 through these chosen e-wallet services. Originally announced at the tabling of Belanjawan 2020, this program is meant to promote the usage of digital payment among consumers and businesses in Malaysia. In other words, you can’t keep the RM 30 beyond 14 March for TnG eWallet or 15 March if you choose to redeem it via GrabPay. Hence, it begs the question: what would happen to the allocations that become expired or not redeemed by users?
Will they go back to the government or will these e-wallet services able to keep them around? With RM 450 million have been reserved for the E-Tunai Rakyat program, it is hard to discount the possibility that there could be some significant amount of unused allocations from the program. We are now reaching out to the parties involved in E-Tunai Rakyat program for further clarifications. So, stay tuned. (Source: GrabPay, TnG eWallet.)
