TNG to Launch A Digital Gold Investment Platform with CIMB Bank

TNG Digital, in collaboration with CIMB Bank, has launched e-Mas, a digital gold investment product that enables TNG eWallet users to invest in gold starting from as little as RM10 (approximately 2.1 USD).

e-Mas is designed to offer a seamless entry into gold investment, enhancing TNG eWallets suite of financial services. This innovative feature allows users to monitor real-time gold prices and manage their investments entirely through the e-wallet, thereby improving their overall investment experience.

Since its soft launch, e-Mas has garnered significant interest, with 100,000 registrations and 40,000 active investors reported. TNG Digital aspires to become Malaysia's largest gold investment platform, aiming to reach at least half a million customers by the end of the year.

The launch event was graced by the presence of Minister of Digital, YB Tuan Gobind Singh Deo. Alan Ni, Chief Executive Officer of TNG Digital, expressed his gratitude, stating that they were extremely honoured that their efforts to democratize access to digital financial offerings, such as digital gold investment, were supported by the Minister of Digital, YB Tuan Gobind Singh Deo. He emphasized TNG Digital's commitment to offering a wide variety of products to cater to the diverse investment risk appetites among their users. With CIMB Bank Berhad as the liquidity provider, users can invest in gold via TNG eWallet and diversify their investment portfolios with a low entry amount of RM10.

Chu Kok Wei, Co-CEO of Group Wholesale Banking at CIMB Group, added that CIMB is dedicated to pioneering a digital-centric approach to treasury products. He expressed the bank's pleasure in acting as the liquidity provider for e-Mas, leveraging their robust capabilities in risk management and digital treasury solutions. He highlighted that the collaboration with TNG Digital marks a transformative leap forward, complementing CIMB's longstanding presence in the wholesale financial market and reflecting their commitment to delivering bespoke financial solutions across diverse client segments.

TNG Digitals strategic partnership with CIMB Bank underscores a shared vision of democratizing financial services through innovative digital solutions, paving the way for more accessible and diversified investment opportunities for Malaysians.