TNG Digital said more than half of its total revenue now comes from non-payment businesses, marking a major milestone in the evolution of TNG eWallet from a payment platform into a broader digital lifestyle and financial services ecosystem.
The company, which operates TNG eWallet, said the shift reflects changing consumer behaviour as Malaysians increasingly use the app for financial services, travel, rewards and daily lifestyle needs beyond payments.
Today, TNG eWallet serves more than 26 million verified users, with 13.5 million monthly active users engaging with the platform an average of twice a day.
TNG Digital said growth has been driven by increasing adoption across financial services, travel, remittance services, merchant solutions and advertising offerings. Cross-border, remittance and international services now contribute 10% of total revenue, up from virtually zero a few years ago, highlighting rising demand for international financial services among Malaysians.
The company is also building new revenue streams through business-to-business services, including advertising, digital infrastructure and merchant value-added services, which account for 6% of total revenue.
Chief Executive Officer Alan Ni said the company is witnessing a fundamental shift in how Malaysians use the platform, noting that TNG eWallet is no longer just a payment application but a tool consumers use to manage various aspects of their daily lives.
To support its next growth phase, TNG Digital has rolled out a redesigned TNG eWallet homepage featuring a search-first experience and four key service hubs covering financial services, nearby deals, bill payments and transport.
Chief Product and Growth Officer Chiew Wei Wing said the redesign reflects how users already engage with the platform and aims to make services easier to discover and access.
