TNG eWallet claims its Visa card is the first in Malaysia to provide in-app indicative rate. The TNG Visa has 0% FX Markup fees but is it cheaper than Alipay+?
for overseas QR payments and this markup will be included in the indicated exchange rates in the app.
However, if you’re using the TNG eWallet Visa card, TNG eWallet has confirmed that users can make overseas transactions with 0% FX markup., the TNG Visa card offers the best exchange rate with 0% FX markup and no hidden fees. To know the exchange rates for the TNG Visa card, you can view the indicative exchange rates for various currencies under the “Visa Card” section.
Typically, most card users won’t know the applicable foreign exchange rates until after the payment is made or when the monthly statement is issued. TNG eWallet claims that this is Malaysia’s first in-app indicated exchange rates that can display the rates for various currencies. The app also has a disclaimer that the displayed rates are merely indicative and the actual rates are captured at the time of transaction.
You can also use the TNG eWallet Visa card to withdraw cash from the ATM. According to TNG eWallet Visa card’s, ATM Cash withdrawals in Malaysia will be charged RM1.40 while overseas cross-border ATM cash withdrawals will cost you RM10.00.Alipay+ QR could offer better rates than TNG Visa card despite 1% markup
With the extra 1% markup for TNG eWallet QR Payments for overseas, you would expect TNG Visa card to be the better option for overseas payments across the board. However, that’s not the case for all currencies from what we’ve discovered.for Alipay+. In this example, TNG Visa has the better rate.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TNG eWallet Visa Prepaid continues to offer 0% markup for foreign currency exchange rateTNG eWallet claims its Visa card is the first in Malaysia to provide in-app indicative rate. The TNG Visa has 0% FX Markup fees but is it cheaper than Alipay+?
Read more »
TNG Digital, PayNet unite to propel Sabah toward a cashless societyTNG Digital and Payments Network Malaysia collaborated to launch the ‘Cashless Seja Bah!’ campaign in Sabah
Read more »
TNG eWallet Users to be Charged 1% Conversion Fee for QR Payments AbroadStarting from April 25th, TNG eWallet users will be charged a 1% conversion fee for using their QR payment feature abroad. This fee aims to discourage the practice of cashing out credit card balances and offset the high costs of processing credit card transactions. The fee is already included in the daily exchange rate for cross-border transactions.
Read more »
Here's why TNG eWallet imposes 1% overseas conversion feeUsing TNG eWallet for overseas QR payment? Take note that there will be a 1% markup for foreign exchange. TNG Digital CEO explains why the fee is necessary.
Read more »
TNG eWallet to impose 1pc conversion fee for overseas QR paymentsKUALA LUMPUR, April 8 — Touch ‘n Go eWallet will soon impose an extra 1 per cent overseas transaction conversion fee if you use the eWallet for QR payments overseas. The 1 per...
Read more »
Shell TNG RFID Fuelling is temporarily unavailable to usersFirst deployed in 2021, the TNG RFID Fuelling at Shell stations is now undergoing upgrades. However, it is unclear when the option will be available again.
Read more »