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Beware of eMadani credit redemption service: MoF

KUALA LUMPUR: The Finance Ministry (MoF) has advised members of the public to be cautious, careful and vigilant regarding offers and services to redeem (cash out) or transfer eMadani credit via ‘peer-to-peer’ by irresponsible and unscrupulous parties on social media plaforms.

In a statement, the ministry said that this is to avoid eMadani recipients from becoming victims of scams or where they end up losing the credit.

“The Finance Ministry will not be held responsible if there are any credit losses due to ‘peer-to-peer’ transfers or cash redemption.

“Therefore, the government will take stern action which include blocking accounts involved and rescinding/stripping the credit rights of eMadani recipients if there are reports of any cases involving ‘peer-to-peer’ transfers or cash redemption,” according to the statement today (Dec 4).

The Finance Ministry said that the eMADANI programme was launched to promote the digital economy and foster a cashless payment culture.

“Therefore, the eMadani credit cannot be used for ‘peer-to-peer’ transfers or cash redemption.

“It can only be used for physical purchases through e-wallet via MAE, Setel, ShopeePay and Touch ‘n Go eWallet or QR DuitNow at 1.8 million retailers and businesses all across the country.

“Registration for the eMadani programme is open from today until February 20 next year where it will benefit as many as 10 million adult citizens who qualify, excompassing those in the B40 and M40 groups,” he said.

Members of the public can obtain further information regarding the eMadani programme by logging on to https://manfaat.mof.gov.my/individu/eMADANI.

Source: New Straits Times

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