Prime Minister Anwar Ibrahim’s Bold Move to Boost Cashless Economy and Aid Low-Income Groups
In a significant move to support the nation’s cashless payment culture and provide financial relief to low-income individuals, Datuk Seri Anwar Ibrahim, the Prime Minister of Malaysia, has announced the e-Tunai RM100 credit assistance program.
This initiative is set to offer RM100 worth of e-Tunai credits to all Malaysian adults with an annual income of RM100,000 or less, positively impacting more than 10 million people aged 21 and above, including the B40 and M40 groups. With an allocation of approximately RM1 billion, this ambitious plan aims to stimulate economic growth and empower citizens across the country.
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The e-Tunai initiative for adults builds upon the success and positive reception of the e-Tunai program previously launched by the government. The e-Tunai Belia Rahmah e-wallet aid, offering RM200 to youth and students, has already laid the foundation for fostering a cashless payment culture among the younger generation. Recognizing the benefits and effectiveness of such programs, the government has extended the e-Tunai initiative to a broader audience, ensuring financial inclusivity and promoting digital payment adoption.
Eligibility
To be eligible for the e-Tunai RM100 credit assistance, individuals must be:
- Malaysian citizens
- Aged 21 years and above
- Annual income of RM100,000 or less
To be eligible for e-Tunai, you must be a citizen who is 21 years old or older, and you must be earning RM100,000 or less annually, which is roughly RM8,333 per month.
While the service providers for the e-Tunai RM100 credit assistance have not been officially announced, it is expected that e-wallet platforms like Boost, Setel, and Touch ‘n Go, which were involved in the previous e-Tunai Belia Rahmah program, will once again play a pivotal role in the distribution of these credits.
Implementation Timeline
The Ministry of Finance has projected the implementation of the e-Tunai RM100 credit assistance to take place in the fourth quarter, from October to December.
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As the government prepares to roll out this program in the coming months, millions of Malaysians stand to benefit from the economic boost and financial support provided through this forward-thinking initiative. By empowering citizens with e-Tunai credits, the nation moves closer to achieving its vision of a technologically advanced and financially resilient future.
