Touch ‘n Go ewallet to charge 1% conversion fee for overseas transactions starting April 25
TNG Digital Sdn Bhd (TNGD) will start charging a 1% conversion fee on overseas transactions made via its Touch ‘n Go ewallet platform from April 25 onwards, according to an update to its FAQ page.
The new fee will be added to the daily exchange rate of the destination currency.
As of time of writing, payments via the Touch ‘n Go ewallet are available in 47 different countries, including the United States, United Kingdom, China, Singapore, and Australia.
This new fee comes after the company implemented a 1% fee on credit card reloads back in February to curb credit card cashouts
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