KUALA LUMPUR – Recipients eligible for the one-off RM100 e-wallet assistance will be able to redeem it between December 4, 2023 and February 20, 2024.
The registration and redemption process involves four e-wallet service providers, however, the providers were not specified.
This was announced by Prime Minister Datuk Seri Anwar Ibrahim during the tabling of Budget 2024 for a second reading in the Dewan Negara today.
Later, the Finance Ministry said in a statement that the e-wallet facilities involved are Maybank’s MAE, Petronas’ Setel. ShopeePay and Touch ‘n Go eWallet.
“The e-wallet service providers will be providing additional incentives in the form of vouchers, cashback, discounts or reward points during the redemption period.”
The cash aid was announced when he tabled the bill in the Dewan Rakyat on October 13.
It is to be credited to all Malaysians aged 21 and above with annual income below RM100,000.
Meanwhile, new applications for Sumbangan Tunai Rahmah (STR) will be open for the entire year, instead of once a year, and the first payment of up to RM500 will be credited in February 2024.
Anwar had announced that the maximum rate for STR would be raised to RM3,700 next year from the previous RM3,100, and the minimum rate for youths would also be increased from RM350 to RM500.
The government had also decided to expand the Sumbangan Asas Rahmah from 200,000 to 700,000 STR recipients and extend the disbursement period for the RM100 per month to 12 months, compared to six months previously. – November 29, 2023