{"id":62593,"date":"2024-04-08T13:04:22","date_gmt":"2024-04-08T05:04:22","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=62593"},"modified":"2024-04-09T15:12:27","modified_gmt":"2024-04-09T07:12:27","slug":"tng-overseas-transaction-conversion-fee","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/tng-overseas-transaction-conversion-fee","title":{"rendered":"TnG eWallet To Charge 1% Conversion Fee On Overseas Transactions"},"content":{"rendered":"

TNG Digital has made a few updates to its <\/span>FAQ page<\/span><\/a>. One of the most notable changes includes an announcement of an additional 1% conversion fee for overseas transactions starting from 25 April 2024.<\/span><\/p>\n

This means that all your overseas payments using TnG eWallet will be a little more expensive following that date, as the total sum you pay will include a new conversion fee. This is just the latest of the platform\u2019s new fees that have recently been implemented.\u00a0<\/span><\/p>\n

Just a few months ago, TNG Digital announced a <\/span>1% credit card reload fee<\/span><\/a> to offset the cost of credit card transactions. Until that point, these costs were subsidised by the company so that the average user did not have to worry about it.\u00a0<\/span><\/p>\n

TnG eWallet allows Malaysians to make QR code payments in several countries. This is possible due to China\u2019s AliPay+ platform connecting all the payment systems. This allows seamless cashless payments for travellers, offering a whole new level of convenience. In addition to this, TnG ewallet also allows for cross-border QR payments under PromptPay, QRIS, and NETS. With this wide network of partnerships, TNG eWallet cross-border payment is now accepted in over 40 countries.<\/span><\/p>\n

For tourists coming to Malaysia, the AliPay+ network also supports QR code payments for several partner e-wallets. The supported e-wallets include China\u2019s Alipay, Philippines\u2019 HelloMoney, Mongolia\u2019s Hipay, Macau\u2019s MPay, Japan\u2019s Naver Pay, South Korea\u2019s Toss Pay, Thailand\u2019s TrueMoney, and Hong Kong\u2019s AlipayHK.<\/span><\/p>\n

If you want to know more about how the 1% fees work, you can look it up on TNG Digital\u2019s <\/span>FAQ on convenience fees<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Overseas payments using TnG eWallet will be a little more expensive.<\/p>\n","protected":false},"author":58,"featured_media":62595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216,231],"tags":[754,464,982,671,384,958],"class_list":["post-62593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","category-travel","tag-credit-card","tag-ewallet","tag-news","tag-touch-n-go-ewallet","tag-touch-n-go","tag-travel"],"acf":[],"yoast_head":"\nTnG eWallet Charges Conversion Fee For Overseas Payments<\/title>\n<meta name=\"description\" content=\"TNG will soon be charging a 1% conversion fee on overseas transactions. 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