Children throw up duit raya as they celebrate Hari Raya Aidilfitri at Kg. Pengkalan Bukit in Johor. - AZHAR MAHFOF/The Star
Rafiqha Mustaffa, 32, is among those who still prefer the traditional method of giving out duit raya in the form of physical banknotes.“I remember feeling happy when I received the cash in my hand, so I want my children and other children to experience the same,” said the mother of two.Others, such as Ashikin Azhar, prefer cashless transactions for convenience.
Among the ringgit’s various denominations, the RM1 and RM5 notes recorded the biggest increase in the number of banknotes in circulation during Ramadan and Aidilfitri.The central bank’s payment statistics also show a significant year-on-year increase in emoney transactions. According to Bank Negara’s Annual Report 2023, 59% of emoney transactions stemmed from ewallet usage and the remainder from card-based emoney.
The company also said it was expecting a 40% increase in total Money Packet users and a 180% increase in the total quantity of Money Packets created. Based on data from last year, TNGD said more than 80% of users who engaged in sending TNG eWallet Money Packet as e-duit raya were Malays, and among them, 70% were existing loyal users.
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