- Only for Malaysians aged 18 and above, annual income not exceeding RM100,000.
- Users must download the MySejahtera app to be eligible
- Can only be used for physical purchases in-store
- This program will run from July to September 2020
You may recall the RM30 e-Tunai Rakyat campaign that was announced by the Ministry of Finance earlier in January. Perhaps that RM30 has benefitted you with a few extra meals, or even kickstarted you on your cashless journey.
In a recent announcement by our prime minister, it was announced that eligible Malaysians can now look forward to even more free eWallet credit to come!
As part of the PENJANA economic recovery plan, eligible Malaysians will be given RM50 worth of eWallet credit. To top it off, partnering eWallet providers will also be matching up that amount with RM50 worth of vouchers or cashback.
This initiative is set to benefit up to 15 million Malaysians, with RM750 million allocated for this purpose.
Here’s what else you need to know to claim your RM50 eWallet credit.
Do you check all the boxes?
“Do I need to be a certain age to receive this credit?”
“Am I eligible if I’m not a local?”
To be eligible for this benefit, you must be a Malaysian aged 18 and above earning less than RM100,000 per annum. This benefit is not applicable for Permanent Resident (PR) holders.
Furthermore, Senior Minister Datuk Seri Ismail Sabri Yaakob has also revealed that you must download the MySejahtera App to be eligible. The MySejahtera App is a contact-tracing app developed to assist health authorities in monitoring COVID-19 in the country.
Even if you don’t plan on redeeming this benefit, it’s best to download it anyways. As life picks up for you entering RMCO, you’ll come across merchants who will require customers to check in via the MySejahtera app before entering their store.
How do I claim the RM50 eWallet credit?
This program will run from July through to September 2020. At present, the application procedure to apply for this benefit has not yet been made known.
Do bookmark this page as we’ll be updating it with all the relevant info once it’s been revealed! It is, however, expected that the RM50 eWallet credit may be directly credited into your eWallet account if you’re eligible.
We’re still kept in the dark about which eWallet provider will be selected under this campaign – but we can expect Boost, GrabPay and Touch ‘n Go eWallet to be among those shortlisted.
For that reason, stay one step ahead and make sure to verify your account on either one of these eWallets (or all three!) so you don’t miss out.
There are limits to what you can do with your RM50
The RM50 eWallet credit is only applicable for physical purchases in-store. That means no online shopping or food deliveries.
But don’t fret! As mentioned previously, the selected eWallet provider will also be giving out an additional RM50 worth of cashback/vouchers, totaling the final sum to an extra RM100 in Malaysians’ pockets.
Why are we receiving this RM50 eWallet credit?
The recently unveiled PENJANA economic recovery plan is aimed at revitalising the economy in our post-CMCO society.
Through this initiative, the government is looking to encourage contactless spending and boost eWallet usage within the rakyat. If you didn’t already know, this is in line with our mission here at eWhallet – to get Malaysians embracing a cashless economy with open arms!
Furthermore, limiting the RM50 eWallet credit to offline purchases only is done in hopes of jumpstarting the economy and getting local businesses back on their feet.
For now, just sit back, make sure you have a verified account on either Boost, GrabPay or Touch ‘n Go eWallet – and wait for more news to come!