Finance Minister Lim Guan Eng said the data collected from the e-Tunai Rakyat scheme will not be abused for commercial reasons.

"The information collected is for the government and will not be shared to other companies," said Lim (photo) in Petaling Jaya this morning.

Lim was at the SS2 wet market to promote the e-Tunai Rakyat scheme, which involved a government incentive of RM30 for new e-wallet sign-ups.

He said that the programme was managed by Khazanah Nasional Bhd, a sovereign wealth fund.

"You might be worried that someone is mining the data. Not to worry. The government is not a commercial enterprise.

"For commercial organisations, some of them will be interested in consumption patterns and use the information.

"However, the government is not running a business so we won't allow (businesses access)," he said.

The e-Tunai Rakyat scheme involves three digital payment companies - Axiata Digital Sdn Bhd (which operates the Boost application), Touch 'N Go Sdn Bhd (Touch 'N Go) and Grab Holdings Ltd (GrabPay).

Of the three companies, Axiata Digital and Touch 'N Go are indirectly held by interests owned by the government. Grab Holdings is incorporated in Singapore.

On when the government hopes to "fully digitise" transactions, Lim explained that the process will have to take time because rural folks are still not used to the concept.

"Tun (prime minister Dr Mahathir Mohamad) wants immediate implementation because this is an important step towards transparency and accountability.

"If (one day) we go completely cashless, we can cut down a lot of corruption," he said.

https://www.malaysiakini.com/news/507341

wont be abused and leaked are 2 different things to worry about.

like that never happened before.

Actually collect what data? Gov already got IC data, why still need?

last time he said will let rakyat enter Fatty Jho yacht as museum after capture it.. end up no also

e-wallet transaction data

Only use for toll...

I use SamsungPay for almost most of my expenses.

I purposely put a brand new number for this purpose. If have spam means they sold the info to third parties. Now just waiting.

hahahahahahahahahahahahahahahahahahahahahahahahahahahaha

if hacked how?
not gov punya pasal kan kan kan

bs la... sure kena sell to insurance companies

Terima kasi Nobita , om nom nom nom

toni pua looks desperated checking his application result

guys just wanna clarify, if i submitted on touch and go can i still do it on Boost and Grab??

then u have nothing to worry about....

who can guaranty ? iphone also get hacked and leak.

Disney+ launched only already get hacked.

A USD130 billion company.

sorry nobita, i don't trust your gov & those 3 payment companies enough to sell my personal info for a measly sum of RM30.

wont abuse, leak only ma