How To Send E-Ang Pow

Chinese New Year is fast approaching and limited family gatherings are allowed due to movement control restrictions. This means that although we can see some family members, we will not be able to see everyone.

It also means that a lot of singles are going to miss their ang pow this year. In other words, unless you go digital.

Here are your options – ranked from most to least practical – for sending wishes for good fortune and prosperity.

1. DuitNow

Operated by PayNet, DuitNow is probably the easiest and most convenient way to send an e-ang pow. There is no need to worry about whether they have a particular e-wallet or asking for bank account details. Just tap the recipient’s phone number and you’re good to go.

All major banks in Malaysia support DuitNow transfers, making it the most popular and easy to use digital transfer today. If you’re still having trouble figuring out how it works, here’s an easy-to-use guide.

2. Electronic wallet transfer

Almost everyone – including kids – has an e-wallet these days thanks to government initiatives early last year. This makes e-wallets a particularly suitable option for sending e-ang pow to friends and family that you cannot visit this year.

It should be noted that you should stick with one of the most popular and widely used e-wallets for this solution. Boost, Grab and Touch ‘n Go e-wallets are generally safe bets; as many Malaysians have used them to claim free credit under the e-Tunai Rakyat program.

Keep in mind that many e-wallets do not offer specific e-ang pow functions this year. Only the usual transfer. As of this writing, only Boost has a dedicated e-ang pow tab for Chinese New Year.

The only thing to note here is that sending an e-ang pow using e-wallets isn’t really money. Credit can only be used in that particular e-wallet. This may be less ideal for parents of young children who want to put the money in a savings account.

3. Bank transfer

Making an old-fashioned bank transfer is just like using a DuitNow transfer, but with more steps. Some people still prefer a wire transfer to send money, and that’s fine. In fact, this is probably the safest option if you are an extremely generous type of person who enjoys giving big ang pows ​​every year.

Don’t be surprised if your bank calls you about the surge in money transactions being transferred out of your account. In fact, banks usually encourage people to use DuitNow instead of a wire transfer.

4. International transfer

The lack of international travel this year makes it even more difficult to wish all your loved ones prosperity and good fortune. Since some people may not be able to return to the country in time for the Chinese New Year, you may also want to consider international transfer options.

Fortunately, we have a list of useful apps that make the process quick and easy. These options provide a more transparent online method to use than the traditional (and complicated) international bank transfer.

Supplements

In recent years, banks and e-wallets have been offering additional promotions to promote the use of e-ang pow. However, the practice has shrunk considerably as more Malaysians embrace the digital solution.

This year, only Berhad Public Bank and Maybank are offering rewards for using DuitNow to send an e-ang pow.

However, there is the tangible benefit of using a more environmentally friendly option for the red package. It takes a lot of paper to make an ang pow, and cashless solutions help you reduce waste. For some, this is really the real big reason to go digital when you can.

Online security

You will be doing a lot of online transfers with e-ang pow this year, so it is important to remember to stay safe during this time.

First, always enable two-factor authentication on all of your online accounts. Most banks and electronic wallets already require you to register a phone number; which has you covered in this aspect. It is also important to never share your TAC number with anyone (no matter how many they ask for).

Second, practice good password security. This means finding a strong password and not sharing it with anyone. A strong password consists of letters, numbers and symbols to make it more difficult to guess.

Finally, always verify the recipient of your e-ang pow. While bank transfers can be canceled if you sent them to the wrong person, the same cannot be said for e-wallet transfers. Banks will also take time to investigate your erroneous transactions which could take some time and slow down your e-ang pow distribution.

Keep the tradition alive

Chinese New Year is about celebrating our heritage, culture and family ties, so we understand that you may always want to give real red packages to close relatives and family friends to keep the tradition alive.

If you’d rather give traditional ang pow, go ahead, but don’t forget to sanitize them first this year!

Our sincere thanks to
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Jothi Venkat

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