The collaboration allows TNG eWallet users to access and trade shares in major international markets, including the United States, Hong Kong and China A-shares, without having to download a separate investment application.
The partnership brings together Webull’s digital investment platform and TNG Digital’s extensive eWallet user base, providing a more convenient way for Malaysians to explore investment opportunities beyond the domestic market.
Webull Malaysia CEO Kenneth Chan (left) and TNG Digital chief financial services officer Desmond Teoh.
TNG Digital, the operator of TNG eWallet, currently serves approximately 27 million users. Through its GOfinance hub, the company has also built a financial services user base of around 8.5 million, many of whom have already taken their first steps into investing through money market funds.
Webull Securities Malaysia chief executive officer Kenneth Chan said the partnership provides an opportunity to introduce global investing to a wider audience by making investment services available within a platform that Malaysians already use regularly.
He highlighted that integrating Webull into TNG eWallet allows the company to reach potential investors more directly, reducing the need for customers to download additional applications or go through complicated onboarding processes.
Rather than relying solely on traditional advertising to attract new customers, the partnership enables Webull to connect with millions of existing eWallet users who can discover and access its investment services directly through GOfinance.
Meanwhile, TNG Digital chief financial services officer Desmond Teoh said the company sees potential for further growth in its investment services, with an estimated 10% to 20% adoption target over the coming years.
He emphasised that encouraging users to understand investment products and develop financial knowledge remains an important part of the company’s approach, rather than focusing only on increasing account registrations.
Both companies also recognise the importance of investor education, particularly as more first-time investors gain access to international stock markets. Chan noted that while digital platforms can make trading easier, investors must understand market risks and avoid making decisions based on panic during periods of volatility.
To support users, Webull provides access to a built-in educational hub, advanced charting tools and weekday trading services available around the clock. The platform also offers zero commission and platform fees for eligible trading activities.
The partnership may also create opportunities to expand the range of investment products available through GOfinance in the future. However, Webull’s immediate focus remains on providing Malaysians with convenient access to international equity markets.
Teoh highlighted how investment access has changed over the years, noting that buying overseas shares once involved paperwork, waiting for brokers to process transactions and relying on traditional market updates.
Through the latest integration, eligible Malaysians can now open and fund their investment accounts directly through GOfinance using their TNG eWallet balance, making it easier to participate in global markets.
To mark the launch, eligible new users who deposit RM200 and maintain the amount for 30 days will be entitled to receive RM30 worth of Apple fractional shares, subject to the campaign’s terms and conditions.
The partnership represents another step in the development of Malaysia’s digital investment landscape, as financial technology providers continue to make global investment opportunities more accessible to everyday consumers.
