the money is in exchanged for your personal info and face recognition

and gov don't just give it to the 3 e-wallet company like that, like i say it's an "exchanged"
e-wallet need to collect and compile all the gathered info in exchange for RM30 with the user thn in exchange get money with the gov for the info requested

nope
most people thought that our details are stored in some big server?
no, it's actually stored inside our IC

if u have an IC reader, u can extract or see that info when u plugged your IC in
which is why when u go to bank or gov office, they require your IC to verify u and not directly ask for your fingerprint and match it to some server

plus the info and photos inside your IC isn't the most updated...some are like 10-20 years old