TNG Digital has signed a memorandum of collaboration with Bursa Malaysia and Affin Hwang Investment Bank to enable share trading on the TnG eWallet. This will make becoming retail investors more accessible to young and tech-savvy users, offering them more investment opportunities through the app’s GOinvest feature.
The integration of Affin Hwang’s trading platform with the TnG eWallet will enable verified users to access their Central Depository System (CDS) account and portfolio on the app, as well as be able to access real-time market information and execute trades. Moreover, users will also be able to invest in Exchange-Traded Funds (ETFs). To encourage new investors, the feature will provide intuitive trading
interfaces and easy-to-understand educational resources.
Bursa Malaysia CEO Muhamad Umar Swift stated that the feature will launch sometime in Q1 of 2024, with the hopes of getting 100,000 new CDS accounts within the first year. According to a representative, TnG eWallet users who don’t have a CDS account yet will have to open one through Affin Hwang’s platform instead of directly through the app.
GOinvest already offers a number of unit trust funds for the app’s users to invest in, including CIMB’s Principal unit trusts as well as 17 from ASNB. The minimum investment amount is only RM10 although you’ll need to use a different app or go to a bank to open up an ASNB account.
