--- title: "51% Of M’sians Used Cashless Payment In The Last 3 Months, TNG eWallet The Most Used E-Wallet App" url: https://weirdkaya.com/51-of-msians-used-cashless-payment-in-the-last-3-months-tng-ewallet-the-most-used-e-wallet-app/ date: 2024-01-12 modified: 2024-01-12 lang: en author: "Yu Ang Tan" description: "Over half of Malaysians have embraced cashless payments in the last three months, with Touch ’n Go (TNG) eWallet emerging as the most popular choice, according to a study by..." categories: - "Society" tags: - "#Trending" - "Malaysia" - "TnG eWallet" - "TNG ewallet most used app" image: https://cdn.weirdkaya.com/media/51-of-msians-used-cashless-payment-in-the-last-3-months-tng-ewallet-the-most-used-e-wallet-app.png word_count: 335 --- # 51% Of M’sians Used Cashless Payment In The Last 3 Months, TNG eWallet The Most Used E-Wallet App Over half of Malaysians have embraced cashless payments in the last three months, with Touch ’n Go (TNG) eWallet emerging as the most popular choice, according to a study by [IPSOS](https://www.ipsos.com/sites/default/files/ct/news/documents/2024-01/%5BIpsos%20Press%20Release%5D%20-%20Non-Cash%20Economy%20%26amp%3B%20Payment%20Evolution.pdf), a global market research firm. ## More than 15% of M'sians use e-Wallets on a daily basis This trend highlights a gradual departure from traditional cash-based transactions, signaling a significant transformation in Malaysia's payment landscape. In an in-depth study conducted by Ipsos, the usage of electronic wallets (e-wallets) has become integral to daily life in Malaysia, with more than **1/4 of non-cash transactions (26%) coming from e-wallets.** ![touch n go ewallet Tng (1)](https://cdn.weirdkaya.com/media/touch-n-go-ewallet-tng-1.jpg) The survey also revealed that more than 15% of Malaysians use e-wallets on a daily basis. > **"Although the number of e-wallet users has slightly decreased, the frequency of usage among users has increased. One-fourth of e-wallet users now use it daily, which is more than double the usage rate in 2022."** ![E-wallet usage in Malaysia](https://cdn.weirdkaya.com/media/e-wallet-usage-in-malaysia.png)Screengrab via [IPSOS](https://www.ipsos.com/sites/default/files/ct/news/documents/2024-01/%5BIpsos%20Press%20Release%5D%20-%20Non-Cash%20Economy%20%26amp%3B%20Payment%20Evolution.pdf) **"The primary uses of e-wallets are for paying tolls and parking, F&B outlets, and food delivery. The use of e-wallets for retail purchases has decreased as people have returned to physical stores and may prefer using cash or other forms of payment,**" it wrote. Read also: [Your E-Wallet Account Will Be Suspended If You ‘Cash Out’ Your eMADANI Credit, MOF Warns ](https://weirdkaya.com/your-e-wallet-account-will-be-suspended-if-you-cash-out-your-emadani-credit-mof-warns/) Despite the rise in e-wallet usage, online banking and debit cards remain the primary payment methods among Malaysians, with e-wallets ranking as the third most preferred option. ## TnG eWallet is the most used app TNG eWallet's unshakeable position as the "national e-wallet" is evident, with a commanding 88% usage rate. Following closely is Maybank's MAE, securing the second spot in popularity among Malaysian e-wallet applications with a usage rate of 46%. Notably, MAE experienced a significant surge in usage, marking a 19% increase from the previous year. ![TNG eWallet topped the rank](https://cdn.weirdkaya.com/media/tng-ewallet-topped-the-rank.png)Screengrab via [IPSOS](https://www.ipsos.com/sites/default/files/ct/news/documents/2024-01/%5BIpsos%20Press%20Release%5D%20-%20Non-Cash%20Economy%20%26amp%3B%20Payment%20Evolution.pdf) The survey also uncovered that Malaysians typically use up to two different e-wallet apps, with ShopeePay (19%), GrabPay (15%), Boost (4%), FavePay (2%), and Lazada (2%) following TNG and MAE in usage rates. ### Read More: - [Here’s How Smart Travellers Spend Borderless, All in One App](https://weirdkaya.com/heres-how-smart-travellers-spend-borderless-all-in-one-app/) - [Still Thinking What To Do With Your Duit Raya? Let MAE Tabung Guide You](https://weirdkaya.com/still-thinking-what-to-do-with-your-duit-raya-let-mae-tabung-guide-you/) - [AORUS PC Promotion In Malaysia: Get Up To RM500 Tng Ewallet Credit With High-performance Builds ](https://weirdkaya.com/aorus-pc-promotion-malaysia-rm500-tng-ewallet-credit/) - [TNG eWallet Users Urged To Complete eKYC To Avoid Some Features Being Restricted Starting 20 Dec](https://weirdkaya.com/tng-ewallet-users-urged-to-complete-ekyc-to-avoid-some-features-being-restricted-starting-20-dec/) - [TNG eWallet To Impose 1% Conversion Fees For All Overseas Transactions Starting 25 April](https://weirdkaya.com/tng-ewallet-to-impose-1-conversion-fees-for-all-overseas-transactions-starting-25-april/) - [TNG E-wallet Or Grab Pay? TNG Admin Asked M’sians Which One They Prefer And The Answer Is…](https://weirdkaya.com/tng-e-wallet-or-grab-pay-msians-prefer/) --- [![WeirdKaya is on Instagram!](https://weirdkaya.com/wp-content/uploads/ig-article-cta.png)](https://www.instagram.com/weirdkaya/)For more stories like this, follow WeirdKaya on Facebook and Instagram! ---