TNG Wallet makes Big Leap with 2.0 Version
Featuring pioneer 365 days year-round Cash Withdrawal Hotspots,
Bank Transfer, Credit Card Top-up and TNG Membership
The well-received e-payment for taxi rides in Hong Kong is just one of the many recent milestones achieved by TNG Wallet. The latest winner of various international Fintech accolades, TNG Wallet never settles with its initial success in the retail and transportation industries, and its latest launch of TNG Wallet 2.0 is the manifestation of its pioneering vision in taking the digital payment ecosystem in Hong Kong to the next level. TNG Wallet 2.0 is indeed revolutionary with its three major upgrades, namely 365 days year-round cash withdrawal hotspots, bank transfer, and instant credit card top-up service, and TNG Membership.
Addition of 27 Year-Round Cash Withdrawal Hotspots offer Users Emergency Cash Access:
Transforming Hong Kong into a “cashless” city is always at the centre of TNG Wallet’s strategy, yet launching a cash withdrawal service in consolidation of local market practice ensures TNG users can enjoy both cash and cashless spending convenience in daily transactions. Partnering with First International Resources Ltd. and Unison Foreign Exchange Ltd., TNG Super VIP (“SVIP”) members can now easily withdraw up to HK$50,000 in cash per day from their TNG Wallet by scanning the QR code of the withdrawn amount with their smartphone and entering the transaction PIN at the 27 strong Unison and MTR line-bound First Exchange hotspot network.
TNG Membership presents numerous unique User Offers:
Join the new TNG Membership and enjoy premium transaction, value storage, withdrawal and top-up experience through TNG Wallet. A three-tier membership structure seeks to address different cashless payment needs, allowing users to freely register for Normal, VIP, or SVIP membership. Users will benefit from an array of basic services such as Person-to-Person (P2P), Money Transfer to friends, Real-time Bill Payment, Person-to-Merchant (P2M) Payment, Receiving Payment, e-Coupons, and e-Tickets, to upgraded services like bank transfer, credit card top-up, and cash withdrawal exclusively for VIP Member and SVIP Member. It takes merely 30 seconds for a new user to install and register the TNG Wallet app as a Normal Member. For VIP Member applications, users are required to submit personal information through their smartphone, and for SVIP Member, users have to complete a registration in person.
Mr. Alex Kong, Founder and Chief Executive Officer of TNG, stated the three-tier TNG membership allows users to customise their own TNG Wallet service experience, “The flexible TNG Membership is highly customisable for users to tailor their e-payment needs. TNG will expand its offerings to members from time to time for optional user experience.”
Pioneering Services extend to Bank Transfer and Credit Card Top-up Services:
TNG Wallet is at the forefront of the latest e-payment trend and a first mover in Hong Kong’s P2P transfer development by launching the popular P2P transfer service in November 2015. TNG Wallet also announced the launch of Bank Transfer service today, allowing VIP and SVIP members to transfer the stored value in their TNG Wallet to more than 20 licensed banks without any handling fee. The service has a minimum transfer amount of HK$100 with no limit and unlimited daily transaction that will be settled within one working day at the earliest (next working day settlement for transfer submitted before 4pm).
Apart from Bank Transfer services, TNG VIP or SVIP members enjoy extra top-up convenience, anytime and anywhere, by link up their credit cards (applicable to VISA Card and MasterCard issued in Hong Kong only) with the same printed name of users to their TNG Wallet upon membership registration. Once the application is verified, the credit card will be added as a top-up option for TNG Wallet. Mr. Kong underlined the user convenience of the new credit card top-up feature, “Our VIP and SVIP members can link up more than one credit card with their TNG Wallet after submitting an application via their smartphone, and this provides added convenience in times of urgent or unexpected cash need.”
Service Coverage extends to Major Retail Chains and Charities:
After reaching cooperation agreement with the city’s prominent taxi operators, the latest cooperation between TNG Wallet and Pricerite as the first large furniture chain stores to accept TNG payment is a progressive step in TNG’s partnership with the prominent retail operator, essentially driving the development of Hong Kong’s e-payment market with full coverage of all basic necessities. After connecting 32 Pricerite outlets in Hong Kong with TNG Wallet, Mr. Kong was delighted to add another cashless spending convenience, “TNG Wallet allows enterprises to minimise their operating costs, and leverage the convenience of e-payment to attract customers. We are looking to extend our cooperative network and collaboration with the Hong Kong business community across all industries, to speed up the development of the e-payment industry and bring more tangible and cost-saving e-Wallet benefits to our merchants and users through the ever-widening adoption of such a concept.”
Through cooperation with charitable organisations Mother’s Choice and Helping Hand, TNG Wallet is more than a convenient retail payment option but also a direct channel for charitable donations. Mr. Kong shared his vision on cooperation with charitable organisations, “High administrative costs have always been a concern for fundraising activities among charities, and TNG Wallet offers them an effective solution. From now, Hong Kong people can make charitable donations via TNG Wallet with just a few clicks on their smartphone, while charitable organisations no longer require a large number of street fundraisers; this significantly increases efficiency and reduces administrative costs.”
Speaking of the much anticipated TNG Wallet 2.0, Mr. Kong commented, “It has only been eight months since TNG Wallet’s inception and launch, and TNG Wallet will continue to innovate and dedicate its leading-edge technology to optimise its existing services and launch new features. The more intuitive TNG Wallet 2.0 significantly enhances our Membership system, service coverage as well as cash withdrawal, top-up and transfer features, and we are confident that TNG Wallet 2.0 will soon become a “must-have” among Hong Kong people.”
Founded in 2013, TNG is committed to bringing its leading-edge technology to enhance the life of Hong Kong people through its next generation payment, money transfer and lifestyle management solutions. TNG is a user-friendly and technologically-advanced electronic wallet that combines innovative promotion and marketing strategies, such as online-to-offline (O2O) transactions and payments, targeted marketing, member benefits, e-tickets and e-coupons in one solution on the smartphone for users to settle transactions such as purchase payments, bill payments and convenient peer-to-peer (P2P) money transfers.
TNG’s convenient and free-to-user value adding (top-up) service is available at numerous merchants in Hong Kong, including all 759 Stores, all 7-Eleven convenience stores, all Jetco ATM terminals, as well as the online banking platform of selected banks. Thanks to the built-in customer relationship management (CRM) platform which is free to merchants, merchants can now enjoy a more affordable non-cash option with low handling fee, and significant improvement in their cash flow through TNG’s fast settlement of transactions with merchants.
TNG is committed to revolutionising the way consumers shop and pay by providing the most convenient and affordable electronic wallet services for corporate and individual users. At the same time, TNG continues to leverage its cutting-edge technology by optimising its next generation electronic payment system to create a more efficient and convenient lifestyle for users, taking Hong Kong’s fintech and e-payment industries to a higher level. Step Forward with TNG.