Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
TNG Factsheet_WeR1_E_FINAL_for print
1. ABOUT TNG
TNG is The Next Generation eWallet which revolutionises the way consumers shop, pay and transfer money. Its
cutting-edge online-to-offline (O2O) mobile suite of integrated electronic payment functions includes payment for
purchases, fulfilment, person-to-person (P2P) and person-to-merchant (P2M) money transfers, global bill
payments, global SIM card top-ups, foreign exchange transactions, cash withdrawals, e-coupons and e-ticketing.
TNG’s merchants benefit from a free customer relationship management (CRM) platform to manage their
membership and loyalty programmes, and to conduct Big Data analytics. They can execute non-cash transactions
at very low costs, with same-day or next-day settlement. TNG's fast-growing merchant roster spans sectors such
as food and beverage, public transportation, retail, healthcare and more. TNG consumers can top up their eWallets
at ATMs, convenience stores, through credit cards and online banking services to enjoy a cash-less and card-less
shopping experience.
Founded in 2013, TNG is incorporated in Hong Kong, where it is currently the leading eWallet solution, with a
footprint in 12 Asian countries. In August 2016, it received the Stored Value Facilities Licence (SVF0003) from the
Hong Kong Monetary Authority (HKMA).
FEATURES
TNG 3.0 (introduced in September 2016)
Real-time Global Money Transfer
Real-time Foreign Exchange Transaction
Real-time Global Bill Payment
Real-time Global Mobile Airtime Top-up
“Make Money” feature
“Salary Payout” feature
TNG 2.0 (introduced in June 2016)
Person-to-person (P2P) and person-to-merchant (P2M) money transfer
Bank transfer – from eWallet to any Hong Kong bank account
Instant cash withdrawal from dedicated service points, 365 days a year
e-coupons and e-ticketing – purchase and redemption via QR code and scanner
Payment for taxi fares (and soon, public buses and mini buses), vending machines and other amenities
Top-up via all 7-Eleven and 759 convenience stores, all JETCO ATM machines and 23 online banking
platforms in Hong Kong
Virtual VIP pass and membership cards
MERCHANT BENEFITS
Customer base of 370,000 (~5% of Hong Kong’s population)
No set up fee, no monthly fee and no minimum charge
Lower handling fees compared to credit cards, Paypal and other non-cash payment systems
T+1 settlement
No bulky terminal
Built-in customer relationship management (CRM) system
Supports Big Data analytics
COMPANY DETAILS
Launch Date
November 2015
Incorporated
Hong Kong, 2013
User Base
Over 370,000
Developer
SINO Dynamic
Solutions Limited
Founder & CEO
Alex Kong
Head of Corporate
Development
Dato’ Paul Chong
Head of Risk
Management &
Compliance
Cyrus Tong
Media Enquiries
Karina Poon
pr@tng.asia
Betty Dong
betty@wer1.net
Official Website
https://tng.asia/
Updated Sep 2016
2. GLOBAL EWALLET ALLIANCE
A member of the GLOBAL EWALLET ALLIANCE:
TNG MOBILE APP
OUR ACHIEVEMENTS
Selected as sole e-ticketing provider for the Hong Kong Trade Development Council (HKTDC) 2015
International Wine & Spirits Fair, 2016 Hong Kong Food Expo and 2016 Hong Kong Book Fair
Winner of 2016 Internet Finance Awards – Gold Award (Emerging Internet Finance Company category)
Champion of 2016 Finnovasia – FinTech Startup Battle
Winner of 2016 Wen Wei Po “One Belt, One Road” Outstanding Enterprise Award
Accepted into Cyberport Incubation Programme, a government-backed IT development initiative
One of eight global companies selected to participate in Accenture’s FinTech Innovation Lab Asia-
Pacific, an accelerator event sponsored by Accenture and some of the world’s leading financial
institutions
OUTLOOK
New features distinguish TNG from competitors in Hong Kong and help lift the city’s FinTech sector
Establishment of GLOBAL EWALLET ALLIANCE (GEA) in Hong Kong and 12 other countries will spur
TNG’s global expansion through interoperability of eWallets amongst GEA members
SELECTED MERCHANTS
Including but not limited to: