The Ministry of Finance has announced that Malaysian students OR youths aged between 18 to 20 years old (born between 2001 to 2003) will be eligible to receive RM150 eWallet credits under the eBelia eWallet program. The redemption period will begin from 1 June 2021.
Unlike the previous eWallet initiatives such as eTunai and ePenjana, the eBelia program supports a total of four eWallet providers namely BigPay, Boost, ShopeePay on Shopee, and Touch ‘n Go eWallet. Grab eWallet however, isn’t supported in the programme.
The initiative is said to be one of the measures taken to encourage cashless transactions among youths or full-time students at registered local institutions of higher learning, and also help relieve their financial burdens. The redemption period for the eBelia credits starts on 1 June and will carry on until 22 July 2021. The credits must be utilised before 31 July 2021.
According to the latest announcement by the Ministry of Finance, each eligible youth can redeem the RM150 credit once from one of the four eWallet providers and get additional incentives in the form of cashbacks, vouchers, points, or coins from the respective platforms.
Additionally, eligible Malaysian students must also be full-time students in a diploma or SKM4 course and above at a registered institution of higher learning or youths aged 18-20. Their eligibility data will be cross-checked with registered institutions of higher learning and other relevant government databases,” the statement said.
For more information on the initiative, click on this link.
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