Finance Minister Lim Guan Eng has reiterated that the data collected from the e-Tunai Rakyat scheme will not be abused as the government is not involved in businesses.
Even if there are any benefits to the collection of data, he added, it would be on the consumption trends of the people.
The scheme involves three digital payment companies - Axiata Digital Sdn Bhd (which operates the Boost application), Touch 'n Go Sdn Bhd (Touch 'n Go) and Grab Holdings Ltd (GrabPay).
Asked about concerns that with only three vendors in the scheme, it might lead to an oligopoly, Lim said the government only makes policy decisions while the details are handled by Khazanah.
Even if there are any benefits to the collection of data, he added, it would be on the consumption trends of the people.
The scheme involves three digital payment companies - Axiata Digital Sdn Bhd (which operates the Boost application), Touch 'n Go Sdn Bhd (Touch 'n Go) and Grab Holdings Ltd (GrabPay).
Asked about concerns that with only three vendors in the scheme, it might lead to an oligopoly, Lim said the government only makes policy decisions while the details are handled by Khazanah.
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