Setel has been appointed by the Ministry of Finance as one of the e-Wallet service providers for the eBeliaRahmah programme.
From 26th June to 31st August 2023, Malaysian youths aged 18 to 20 or full-time Malaysian students enrolled at Malaysia’s higher education institutes (IPT) are eligible to claim the RM200 eBeliaRahmah one-off credit through the Setel app.
“Boasting an acceptance at more than 1.6 million retail stores nationwide and at Malaysia’s largest fuel retail network of over 1,000 PETRONAS stations nationwide, eligible claimants who apply for eBeliaRahmah through the Setel app can shop at retail stores displaying Setel and DuitNow QR code, and at any PETRONAS station. Setel hopes to support the youths’ financial well-being through our additional incentives and in turn contribute to drive economic growth for local businesses and support their transition towards cashless payments seamlessly.” said Mazlin Erawati Ab Manan, Chief Executive Officer of Setel.
To be able to apply for the RM200 one-off credit from 26th June 2023 onwards, eligible youths will need to download or update to the latest version of the Setel app and complete the account verification through e-KYC. The amount will be credited to the user’s eBeliaRahmah Wallet in the app upon successful application, and will be notified via a push notification and app inbox message. The credit can be used for purchases at any retail store that accepts Setel and DuitNow QR code and PETRONAS stations nationwide. The credit must be utilised by 31st August 2023 and is non-transferable to other e-Wallet accounts. For more information, please visit https://budget.mof.gov.my/manfaat/faq/etunai-rahmah.html