KUALA LUMPUR (May 9): Last year marked a significant turning point for TNG Digital Sdn Bhd, the operator of Malaysia\u2019s most widely used e-wallet. For the first time since the launch of TNG eWallet in March 2018, the company has derived half of its revenue from services beyond payments.<\/p>\n
This was a major milestone for TNG Digital because non-payment services \u2014 which include financial services such as wealth management and insurance, and business-to-business (B2B) offerings \u2014 carry markedly better margins than the low-yield, high-volume payments business that first drove its growth.<\/p>\n
That deliberate shift towards non-payment services helped deliver a solid financial turnaround for the company.<\/p>\n
It made a profit after tax of RM103.23 million for the financial year ended Dec 31, 2025, reversing an after-tax loss of RM42.48 million the year before, according to its filings with the Companies Commission of Malaysia (SSM). This was achieved on revenue of RM707.28 million, which was 72% higher than the previous year\u2019s RM411.92 million.<\/p>\n
\u201cLast year was the first time that we were profitable for the full year,\u201d TNG Digital chief executive officer Alan Ni tells The Edge in an exclusive interview.<\/p>\n
With a verified customer base of 26 million, TND Digital is, by far, the biggest e-wallet operator in Malaysia in terms of user base, he says.<\/p>\n
In the interview, Ni talks about the company\u2019s journey thus far and what comes next. It is working towards a listing on Bursa Malaysia, a move that could potentially make it the first fintech unicorn to debut on the bourse.<\/p>\n
Get the full story in the May 11 issue of The Edge Malaysia.<\/p>\n