Electronic payment service TNG Wallet has launched its “Going Global” strategy and TNG 3.0 upgrade in Hong Kong.
It is the first Hong Kong eWallet to allow instant global money transfers without transaction fees, offers foreign exchange transactions for up to 16 currencies, supports global bill payment support for 14 service categories, and air time can be topped up by 64 mobile companies in 10 countries.
Since launching in Hong Kong 10 months ago, TNG has been aiming at global expansion.
Global Money Transfer (real-time) allows TNG users to transfer money via their app to more than 800 banks across 12 other countries, where up to 80 per cent of the population does not have a bank account. Once their identification is verified, recipients can withdraw cash at any of more than 190,000 cash pick-up points. There is no transaction fee for users.
TNG users can now transact in 16 foreign currencies in real time at favourable exchange rates.
They can collect currencies from any of 27 foreign exchange outlets in Hong Kong within three days. Along the MTR and railway routes, many of these outlets are open until midnight every day.
Hong Kong residents who own homes overseas can now make bill payments without incurring transaction fees by using TNG’s regional network. This covers 14 service categories, including electricity, internet and utilities.
TNG users can top up their foreign mobile SIM cards in real time with 64 mobile companies in 10 countries. Residents and foreign workers in Hong Kong can add value to their overseas SIM cards through the TNG app, and also pay for or top up family members’ mobile accounts back home.
At the launch, TNG founder/CEO Alex Kong also unveiled two other lifestyle services – “Make Money”, which enables users to earn cash for tasks such as online market surveys, and “Salary Payout”, which is suitable for paying domestic helpers and part-time/casual workers instantly. Both features provide online transaction records.