The Government had invited 10 e-wallet service providers (based on transaction volumes and active users) to participate in this programme subject to a guideline on the programme’s terms and conditions set by the Ministry of Finance (MoF). This includes the ability to fulfil the programme’s technical requirements, sharing of costs that include the additional e-credit incentives to match the eMADANI credit provided by the Government.
After an evaluation and deliberation process, four (4) e-wallet service providers, namely MAE, Setel, ShopeePay, and Touch ’n Go eWallet have provided their commitments to participate in this programme. These e-wallet service providers collectively have a user base of 10 million, and a network of online and offline merchants exceeding 2 million. A robust and wide network ensures the programme to be available nationwide.