Touch ‘n Go eWallet offers free CTOS credit report to users

Touch ‘n Go Group has announced that it will provide its e-wallet users with a free MyCTOS credit report with CCRIS until January 31, 2022.

This was made possible through a strategic collaboration between Touch ‘n Go eWallet and CTOS Data Systems (CTOS), Malaysia’s credit reporting agency.

The collaboration will also see CTOS join the Touch ‘n Go eWallet ecosystem through the latter’s mini-program initiative, where users will now have access to tools to facilitate credit health self-checks. , get educational articles on credit and credit reports.

A CTOS personal credit report contains detailed information about a person’s debt, account histories for credit cards and loans such as payment history including late payments, credit limits or loan amounts, account balances and credit applications.

Court cases and bankruptcies are also listed in a separate section of the credit report, along with directorships and business interests.

Checking a credit report helps consumers understand what banks see and how scores are made to approve or reject credit extensions.

Consumers can also check for signs of identity theft and fraud; any case of litigation or bankruptcy recorded under their name and also correct any inaccuracies that may appear.

Effendy Shahul Hamid, Group CEO, TNG Group

Effendy Shahoul Hamid

“This is truly a first in the market, an initiative to empower all Malaysians, and we hope to educate everyone on the need to understand and have access to their own credit health, by especially in developing countries and growing economies.

We also hope that through this initiative, people will find the topic of credit reports and credit scores less scary, and in turn use it as a platform to understand the space and improve their individual credit profile. »,

said Effendy Shahul Hamid, Chairman and CEO of Touch ‘n Go Group.

Eric Chin, CEO of CTOS Data Systems

Eric Chin

“At CTOS, we aim to empower as many people as possible with the right tools and knowledge to make good financial decisions and checking your MyCTOS credit report is the first step on that journey.

Our partnership with Touch ‘n Go, Malaysia’s e-wallet market leader, will enable their 16 million e-wallet users to access and understand their credit health conveniently and seamlessly,”

said Eric Chin, CEO of CTOS Data Systems.

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