Your E-Wallet Account Will Be Suspended If You ‘Cash Out’ Your eMADANI Credit, MOF Warns 

Strictly for physical purchases only.

The Ministry of Finance (MOF) is cautioning the public to remain vigilant against offers to ‘cash out’ or conduct ‘peer-to-peer’ transfers of eMADANI credit by unauthorized parties on social media platforms.

- Advertisements -
Touch n go ewallet tng
Touch n’ Go e-Wallet. For illustrative purposes only.

MOF will not be responsible for eMADANI scams

This warning comes as an effort to prevent MADANI beneficiaries from falling victim to scams and consequently losing their eMADANI credits.

- Advertisements -
Emadani credit
eMADANI Credit.

MOF has clearly stated that they will not be responsible for any loss of credit resulting from peer-to-peer transfers or cash-out services.

The government is prepared to take strict measures, including the suspension of accounts and revocation of eMADANI credit rights in cases involving such unauthorized transactions.

eMADANI only applicable for offline transactions

“The MADANI program was launched to promote the digital economy and foster a culture of cashless payment.”

- Advertisements -

“Therefore, eMADANI credits are not meant to be used for peer-to-peer transfers or cash redemption.”

They are strictly for physical purchases through involved e-wallets such as MAE, Setel, ShopeePay, and Touch ‘n Go eWallet, or QR DuitNow at 1.8 million retailers/businesses nationwide.

Read also: MOF: RM100 eMADANI Credit Limited to Offline Retail Transactions Only

Registration for the MADANI program is open from today until February 20, 2024, and is expected to benefit up to 10 million eligible adults, covering the B40 and M40 groups.

Weirdkaya is on instagram!
For more stories like this, follow WeirdKaya on Facebook and Instagram!

We are hiring writers!
We are hiring writers!