TNG Digital operates a digital wallet and online payment platform that facilitates cashless transactions for urban mobility, including tolls, parking, and public transit. By enabling seamless payment solutions across various transport modes, the platform addresses the inefficiencies and inconveniences of traditional cash-based systems in Malaysia.
Funding
$290.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In Malaysia, traditional cash-based payment systems for urban mobility options like tolls, parking, and public transit create inefficiencies and inconvenience for commuters. Managing separate payment methods for each mode of transportation can be cumbersome and time-consuming.
Solution
TNG Digital provides a digital wallet and online payment platform designed to streamline cashless transactions across various urban mobility ecosystems. The platform enables users to pay for tolls, parking, and public transit through a unified system, eliminating the need for cash or multiple payment cards. By integrating with a wide network of transportation providers and reload points, TNG Digital facilitates seamless and convenient payment experiences for millions of users across Malaysia. The company offers both a physical Touch 'n Go card and an RFID tag option, catering to different user preferences and technological adoption levels.
Target Audience
The primary target audience includes daily commuters in Malaysia who utilize various modes of urban transportation, as well as businesses seeking to personalize membership cards.
Features
- Digital wallet for storing value and managing transactions.
- Integration with toll gates across 34+ highways in Malaysia.
- Payment acceptance at 1,100+ parking sites nationwide.
- Support for payments on 1,600+ train stations and buses.
- Touch 'n Go RFID tag for automated toll payments.
- 16,000+ reload points nationwide for adding value to the card or wallet.
- Financial services access, including retirement schemes.
- Account verification for enhanced security and access to exclusive features.