Mobile payment firms are fighting over where consumers will have the RM30 from the e-Tunai Rakyat scheme deposited.
Since early this morning, all three firms involved in the scheme have unveiled a slew of incentives to draw in new registrations.
This is a summary of the offers, in no particular order:
- Boost is offering a maximum RM8,888 cash prize as part of their "Shake up to RM8,888" scheme.
- Touch 'n Go eWallet is offering an RM30 cashback and a weekly lucky draw contest for all users who perform transactions from Jan 15 to March 10. Prizes include a Proton X70. Touch 'n Go said its prizes are worth RM2 million in total.
- GrabPay is offering cash vouchers worth up to RM3,000 that can be used for specific products, services and GrabPay exclusive promotions.
The e-Tunai Rakyat scheme was announced by the federal government as part of Budget 2020.
To qualify for the RM30 incentive, the person signing up must have an annual income of less than RM100,000 in 2018.
The RM30 must be used up before March 14 or it will be forfeited.
Boost is owned by Axiata Digital Sdn Bhd while Touch 'n Go is owned by Touch 'n Go Sdn Bhd.
GrabPay is a subsidiary of Singapore's Grab Holdings.