---
title: "Your E-Wallet Account Will Be Suspended If You ‘Cash Out’ Your eMADANI Credit, MOF Warns "
url: https://weirdkaya.com/your-e-wallet-account-will-be-suspended-if-you-cash-out-your-emadani-credit-mof-warns/
date: 2023-12-04
modified: 2023-12-04
lang: en
author: "Yu Ang Tan"
description: "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..."
categories:
  - "Society"
tags:
  - "#Trending"
  - "Cash Out eMADANI credit"
  - "eMADANI Credit"
  - "Malaysia"
image: https://cdn.weirdkaya.com/media/your-e-wallet-account-will-be-suspended-if-you-cash-out-your-emadani-credit-mof-warns.png
word_count: 224
---

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

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.

![touch n go ewallet Tng](https://cdn.weirdkaya.com/media/touch-n-go-ewallet-tng.jpg)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.**

![eMADANI credit](https://cdn.weirdkaya.com/media/emadani-credit-edited.jpg)eMADANI Credit.

MOF has clearly [stated ](https://www.facebook.com/KemKewangan/posts/pfbid02w7CTygDtMRwWuvCxSXRDHHqiYVCuNC9HUm5za6VkNRP6hHMv7hHPmKN1PocLJosgl)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."**

"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](https://weirdkaya.com/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.

### Read More:

- [Catcha Digital Records 128% Year-on-Year Growth in Profits Q1 FY2026](https://weirdkaya.com/catcha-digital-records-128-year-on-year-growth-in-profits-q1-fy2026/)
- [Here’s A Step By Step Guide On How To Appeal For eMADANI Credit If You Failed To Receive It](https://weirdkaya.com/emadani-appeal-online-steps-shopee-tng-setel-mae/)
- [More Than 6.5 Million M’sians Receive Their RM100 eMADANI Credit Within 3 Days ](https://weirdkaya.com/more-than-6-5-million-msians-receive-their-rm100-emadani-credit-within-3-days/)
- [MOF: RM100 eMADANI Credit Limited to Offline Retail Transactions Only](https://weirdkaya.com/mof-rm100-emadani-credit-limited-to-offline-retail-transactions-only/)
- [What Is eCCRIS? A Step By Step Guide On Checking Your Credit Records At Bank Negara’s Website ](https://weirdkaya.com/eccris-step-by-step-guide-bank-negara-2023/)
- [MOF says replacing minister car from Proton to Toyota Vellfire as it’s RM2.80 cheaper per month](https://weirdkaya.com/replacing-minister-car-from-proton-to-vellfire-cheap/)

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