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Around two million youths will each receive a RM150 e-wallet credit through the e-Pemula/e-Start initiative which will kick-off in mid-April.
Finance Ministry, in a statement today said that eligible youths would get to enjoy the benefit through selected e-wallet providers, namely BigPay, GrabPay, ShopeePay and Touch ‘n Go.
“Currently, the four e-Wallet service providers have a network of 1.2 million retailers,” said the statement.
Small and medium enterprise traders who have not registered with the e-wallet service providers involved to accept electronic or cashless payments are advised to do so to enable them to enjoy the benefit from the implementation of the initiative.
KUALA LUMPUR, March 27 – Over two million youths are expected to benefit from the soon-to-be-launched RM300 million e-Pemula programme, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
e-Pemula is a cashless transaction scheme for youths aged between 18 and 20 years old, as well as full-time students in higher learning institutions, where RM150 will be credited on a one-off basis into their respective e-wallets.
Speaking at the virtually-held ‘My Money & Me’ financial management workshop in conjunction with the Global Money Week 2022 today, Tengku Zafrul highlighted that Budget 2022 had provided many funds and financing facilities specifically for youths.
“For example, if you are a young entrepreneur, there is the RM150 million Young Entrepreneur Financing Plan offered by Bank Simpanan Nasional and Agrobank.
“Additionally, since 2019, the government has been providing a RM900 allowance to students undergoing industrial training programmes to ease their financial burden,” he said.
The finance minister also took the opportunity to remind the youths of the importance of practising positive financial management.
“To achieve financial well-being, you need to familiarise yourself with the concept of self-control and get acquainted with the world of investments, as well as takaful and insurance plans that will, to some extent, help ensure financial well-being,” he added. [Source]
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