INTERACTIVE: Digital duit raya gains ground

By SHYAFIQ DZULKIFLI

PETALING JAYA: More Malaysians are set to swap traditional green money packets for cashless transfers this Aidilfitri amid a growing adoption of e-money payments.

Data from Bank Negara shows that the value of e-money transactions during the months of Ramadan and Aidilftri each year has shot up from RM4.08bil in 2021 to RM20.28bil in 2025.

E-money refers to payment tools like mobile e-wallets and prepaid accounts that store and move monetary value electronically.

The central bank’s latest payment statistics show that total e-money transactions reached RM272.55bil last year, involving 6.37 billion transactions.

This marked a 66% jump in value from RM164.09bil recorded in 2024.

Fintech company TnG Digital said users of its eWallet platform are increasingly turning to its “Money Packet” feature to send digital duit raya.

The company said total Money Packet transaction value during Hari Raya Aidilfitri in 2025 grew by more than 50% compared with the previous year, while the number of transactions increased by 60%.

“Festive periods like Hari Raya Aidilfitri show how deeply digital finance is now embedded in everyday life, including how people connect, give and celebrate,” it said. 

“We anticipate continued momentum this year, potentially tracking another 60% uplift in usage from 2025,” the company said when asked about its 2026 projection.  

The company added that digital gifting has become a natural extension of festive traditions as more Malaysians grow familiar with cashless payments and incorporate them into their celebrations.

“With the ability to set customised amounts and track claims, users gain greater control and transparency in managing festive giving,” it said.

TnG Digital said the e-duit raya activity on the platform typically builds up in the days leading up to Aidilfitri, with a noticeable spike on the eve of Raya.

Strong peaks are also recorded throughout the festive weekend, when relatives and friends gather for open houses and house visits.

Despite the surge in digital transactions, demand for physical cash remains strong, particularly smaller denominations used for duit raya packets.

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