Touch 'n Go eWallet vs Wise
Touch 'n Go eWallet
touchngo.com.my
Wise
wise.comSide by side
| Figure | Touch 'n Go eWallet | Wise |
|---|---|---|
| Price from | Free | Free |
| Free plan | Yes | Yes |
| Free trial | — | — |
| Open source | — | — |
| Web | — | Yes |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| Plans published | 1 | 1 |
| Spec score · Money Transfer Apps | 8.3 (#28) | 8.9 (#5) |
| Company history | TNG Digital, the company behind TNG eWallet, was founded in 2017 and launched the eWallet the following year. | Wise says it launched in 2011 with a vision of making international money transfers cheap, fair, and simple. |
| Exchange-rate model | variable | mid_market |
| Upfront fee display | Yes | Yes |
| Founded | 2017 | 2011 |
| Free plan | Yes | Yes |
| Headquarters | Kuala Lumpur, Malaysia | London, United Kingdom |
| Mobile platforms | both | The Wise app is available for iOS through the Apple App Store and for Android through Google Play. |
| Regulation | The maker states that TNG Digital is regulated by Bank Negara Malaysia and the Securities Commission. | Wise states it is authorised by the UK Financial Conduct Authority for issuing electronic money and works with a local bank partner to offer inward remittance service to India with RBI approval. |
| Scheduled transfers | Yes | Yes |
| Security | The maker lists biometric logins, one-tap approval, cooldown periods and real-time transaction checks as eWallet protections. | Wise says it safeguards customer money separately from its own and uses two-step authentication to protect accounts and transactions. |
| Support | The PDS lists a customer careline available daily from 7 AM to 10 PM, including holidays, and in-app chat. | Wise says its customer support is available by email, live chat, and phone, 24/7 in English and in 14 other languages. |
| Transfer speed | instant | On many popular routes, transfers can arrive within one day, the same day, or instantly. |
| Transfer tracking | Yes | The app shows the list and current status of transfers users have set up. |
Plans
In their own words
Touch 'n Go eWallet
Touch 'n Go eWallet has no write-up on Specifiction yet; its figures are above.
Wise
Wise is a money app for sending money, receiving payments from abroad, checking exchange rates, paying bills, and sending money to loved ones. It sends to bank accounts in over 140 countries; delivery on many popular routes is within a day, the same day, or instant. Wise says it uses the mid-market exchange rate and displays fees before payment. Signing up is free, with no subscription; sending and conversion fees vary by currency and start from 0.33%. Sending to another Wise account has no sending fee, though conversion fees may still apply. Transfers can be funded with Apple Pay, Google Pay, cards, or bank transfer. Users can track and schedule transfers, repeat previous transfers, and receive live exchange-rate notifications. Wise says it safeguards customer money separately from its own and uses two-factor authentication to protect accounts and transactions. Photo ID may be required for some currencies or large transfers. The app is available on Android, iOS, and web.