No extension for e-Tunai Rakyat RM30 incentive

Finance Minister Lim Guan Eng launching the e-Tunai Rakyat initiative at the Aeon Kinta City supermarket in Ipoh today. (Bernama pic)

IPOH: The government does not intend to extend the period of registration for the e-Tunai Rakyat programme which ends on March 9.

Finance Minister Lim Guan Eng said 2.6 million applications had been submitted to redeem RM30 from the government via the respective e-wallets since the programme’s launch on Tuesday (Jan 15).

He said that out of the total, two million applications had received the cash incentive so far.

“A total of RM59 million has been spent so far, making up more than 10% of the RM450 million allocated for the programme,” he told reporters after attending the launching ceremony of the e-Tunai Rakyat initiative at the Aeon Kinta City supermarket here today.

He said the programme was part of the government’s efforts to encourage people to make digital payments as well as to encourage more traders and merchants to register themselves on these platforms.

“The effort is also to move towards a cashless society.

“The response from Malaysians so far has been very good and it is beyond our expectations,” he said.

Lim said Malaysians who redeemed the RM30 government grant from any of the three selected e-wallet operators — namely Grab, Boost, and Touch ‘n Go — should use the amounts by March 14.

“So everyone, including traders, are urged to sign up and seize this opportunity to either sell or buy digitally or online,” he said.