Does Touch n Go have international transfer fee?

Touch ‘n Go Goes Global: Understanding the 1% International Transaction Fee

From street food stalls to highway tolls, Touch ‘n Go eWallet has become an ingrained part of Malaysian life. Now, the popular e-wallet is expanding its reach, making it easier for users to make payments internationally. But with this newfound global access comes a small fee, and it’s important to understand how it works.

Starting April 25th, 2024, Touch ‘n Go implemented a 1% conversion fee for all international transactions. This isn’t an additional charge tacked onto your purchase; rather, it’s integrated directly into the daily exchange rate displayed within the app. This streamlined approach aims to simplify the user experience by presenting a single, all-inclusive rate.

So, when you’re browsing an international online store or paying for a service abroad using your Touch ‘n Go eWallet, the price you see already factors in this 1% conversion. No need to calculate extra charges or worry about hidden fees – the displayed exchange rate is the final rate you’ll pay.

While the inclusion of a fee might initially seem like a drawback, the transparent and upfront nature of Touch ‘n Go’s implementation is arguably beneficial. It removes the potential for surprises at checkout and provides users with a clear understanding of the total cost. This simplified fee structure can make budgeting for international purchases easier and more predictable.

For users accustomed to the convenience and ease of use of the Touch ‘n Go eWallet domestically, this international expansion offers a familiar and trusted platform for cross-border payments. The 1% conversion fee, while a new addition, is integrated seamlessly into the existing user experience, maintaining the simplicity that has made Touch ‘n Go so popular. As the e-wallet continues to evolve and expand its offerings, it will be interesting to see how this international payment feature is further developed.