TNG Digital has officially launched its Business Account offering, a fully digital financial solution tailored to the unique needs of micro, small and medium enterprises (MSMEs) and gig economy participants. The launch event was held at the Hilton Petaling Jaya and was officiated by Deputy Minister of Domestic Trade and Cost of Living, YB Senator Dr Hajah Fuziah Binti Salleh, alongside TNG Digital Chief Executive Officer Alan Ni.
The TNG Digital Business Account is hosted within the TNG eWallet app and provides a streamlined, paperless onboarding experience, requiring no fees or minimum balance. Account registration can be completed in approximately 30 minutes, significantly reducing administrative friction for business owners. While available to all types of enterprises, the solution has been purpose-built to cater to informal merchants, hawkers, and gig workers—segments traditionally underserved by conventional financial institutions.
A key feature of the Business Account is its differentiated wallet size, offering a limit of up to RM60,000 for individual traders and a substantially higher ceiling of RM500,000 for businesses registered with the Companies Commission of Malaysia (SSM). This flexibility is designed to accommodate a wide spectrum of operational needs.
Beyond basic financial management, users benefit from real-time settlement capabilities and integrated merchant support tools. These include the Near Me feature to enhance discoverability, as well as marketing incentives such as GOyang-GOyang cashback and voucher campaigns to stimulate customer engagement. The platform also incorporates robust security measures, including a dedicated PIN, a kill switch, and round-the-clock fraud monitoring.
Future enhancements to the Business Account are already in the pipeline, with planned additions such as micro-lending, savings products, and protection services.
Commenting on the launch, Alan Ni stated that the initiative was developed in response to a clear gap in the market for accessible digital tools that enable micro and small enterprises to thrive in today’s digital economy. He emphasised that the solution enables businesses to receive funds in real time and perform bank transfers without incurring any costs, marking a significant step forward in financial inclusivity and operational efficiency.
-Lowyat.Net
