The money will be distributed through Southeast Asian e-wallet operators Grab, backed by SoftBank Group (9984.T); telecom company Axiata’s (AXIA.KL) Boost; and Touch ‘n Go, which is backed by banking group CIMB (CIMB.KL) and China’s Ant Financial.
Every Malaysian aged 18 years and above and earning less than 100,000 ringgit a year will be eligible to receive a one-time shopping handout of 30 ringgit through one of the e-wallets, the finance minister said in a statement.
Read the full article on Reuters.