TNG Digital, the company behind the Touch n Go eWallet digital wallet, has now achieved “unicorn” status, which is a nickname given to companies that achieve a market value of over $1 billion.
TNG Digital is a subsidiary of CIMB through its ownership of Touch n Go, which holds a 45.01% stake in the company. In addition, TNG Digital also has several other investors, including AIA Berhad, Lazada, as well as Ant Financial and Alipay.
Today, more than 23 million users use the TNG eWallet digital wallet, and this year, TNG eWallet has ensured that all users are verified to use the platform. In addition to the high user count, the adoption of the digital wallet is also wider than many other competitors in the market. At the same time, it was also shared that TNG Digital reached a profit phase earlier this year, after recording operating losses for a long time.
At present, it is said that there are no plans to list TNG Digital on Bursa Malaysia. However, the move may be discussed and seen in the next few years.