Transforming into a Cashless World: Factors Driving Brand Loyalty of Touch ‘N Go E-Wallet in Malaysia
Abstract
In this digital era world, people can buy anything via mobile wallets instead of physical cash. A transformation of a cashless society becomes a new consumer behavior in this 21st century. Especially during the COVID-19 pandemic, people are more encouraged to use an e-Wallet to lower the virus's risk. Therefore, Touch ‘n Go with millions of users, has become an important application in this cashless world. This paper aims to examine the factors driving brand loyalty to Touch ‘n Go e-wallet. There are 150 Touch ‘n Go users who participated in our survey and the results were analyzed using SPSS. With that, we found out that perceived usefulness, perceived ease of use, reliability, and safety affect brand loyalty. This research provides insightful results and information about Touch ‘n go e-Wallet.
Â
Keywords: Brand Loyalty, Perceived Ease of Use, Perceived Usefulness, Reliability and Safety, Touch ‘n GoKeywords
Full Text:
PDFReferences
Aaker, D. A. (1991). Managing brand equity: Capitalizing on the value of a brand name. Journal of Marketing, 56(2), 125-128.
Aji, H. M., Berakon, I., & Husin, M. M. (2020). Covid-19 and e-wallet usage intention: A multigroup analysis between Indonesia and Malaysia. Cogent Business & Management, 7(1), 1–16.
Aryani, D. N., Nair, R. K., Hoo, D. X. Y., Kee, D. M. H., Lim, D. H. R., Chandran, D. R., Chew, W. P & Desai, A (2021). A study on consumer behaviour: Transition from traditional shopping to online shopping during the Covid-19 pandemic. International Journal of Applied Business and International Management, 6(2), 81-95.
Aydin, G., & Burnaz, S. (2016). Adoption of mobile payment systems: A study on mobile wallets. Journal of Business Economics and Finance, 5(1), 73–92.
Bank Negara Malaysia. (2020). Driving towards electronic payments. Retrieved from https://www.bnm.gov.my/driving-towards-electronic-payments#:~:text=Payment%20Systems&text=The%20Bank%20will%20work%20towards,to%20100%20million%20per%20year
Birruntha, S. (2021, October 18). Pandemic pushes more than 80% growth for e-wallet players. Retrieved from https://themalaysianreserve.com/2021/10/18/pandemic-pushes-more-than-80-growth-for-e-wallet-players/
Choo, J. Y., Li, Y. H., Lim, J. X., & Wong, C. Y. (2020). Factors of e-wallet adoption among Generation Z (Bachelor Thesis). Universiti Tunku Abdul Rahman, Petaling Jaya.
Dahlberg, T., & Mallat, N. (2002). Mobile payment service development managerial implications of consumer value perceptions. European Conference on Information Systems, 139, 649–657.
Davis, F. D. (1989). Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Quarterly, 13(3), 319–340.
Gomes, V. (2022, February 28). E-Wallet: Digital payments pivotal to Malaysia’s financial services industry. Retrieved from https://www.theedgemarkets.com/article/ewallet-digital-payments-pivotal-malaysias-financial-services-industry
Jones, A. B., & Kauppi, K. (2018). Examining the antecedents of the technology acceptance model within e-procurement. International Journal of Operations & Production Management, 38(1), 22–42.
Karim, M. W., Haque, A., Ulfy, M. A., Hossain, M. A., & Anis, M. Z. (2020). Factors influencing the use of e-wallet as a payment method among Malaysian young adults. Journal of International Business and Management, 3(2), 1–12.
Kasirye, F., & Masum, S. M. M. H. (2021). The effects of e-wallet among various types of users in Malaysia: A comparative study. Asian Journal Research in Business and Management, 3(2), 26–41.
Kee, D. M. H., Gan, Z. W., Chan, Y. Q., Lee, H. T., Tan, X. Y., & Lee, S. W. (2021).
Customer satisfaction and brand loyalty: A case study of Nestlé. Advances in Global Economics and Business Journal, 2(1), 13-26
Kee, D. M. H., Lai, K. H., Lee, J. C., Lee, K. J., Lee, J. L., Yosanti, I & Aryani, D. N.
(2022a). Do you have a digital wallet? A study of e-wallet during the Covid-19 pandemic? International Journal of Accounting & Finance in Asia Pasific, 5(1), 24-38.
Kee, D. M. H., Ow, A. L., Ooi, Z. J., Sathiaseelan, P., Pang, K., KA, S., & Madhan, S. (2022b). Have you touched? A case study of Touch n Go E-Wallet. International Journal of Accounting & Finance in Asia Pasific, 5(1), 84–94.
Khalid, S. (2021, October 17). Touch’ n go e-wallet launches DuitNow transfer function. Retrieved from https://www.theedgemarkets.com/article/touch-n-go-ewallet-launches-duitnow-money-transfer-function
Kotler P., & Keller, K. (2006). Marketing management (12th ed.). Upper Saddle River: Prentice Hall.
Kubai, E. (2019). Reliability and validity of research instruments. Retrieved from https://www.researchgate.net/publication/335827941
Malay Mail. (2022, April 18). Melaka introduces touch’ n go e-wallet use for trishaw services, says CM. Retrieved from https://www.malaymail.com/news/life/2022/04/18/melaka-introduces-touch-n-go-e-wallet-use-for-trishaw-services-says-cm/2054204
Mastor, H. (2021). Factors that affect the usage of e-wallet among youth: A study at a public institution of higher learning in South Sarawak. Advanced International Journal of Business, Entrepreneurship and SMEs, 3(7), 40–48.
MBA Skool Team. (2020, May 13). Brand loyalty meaning, importance, types & factors. Retrieved from https://www.mbaskool.com/business-concepts/marketing-and-strategy-terms/17643-brand-loyalty.html
Nunnally, J.C. (1978). Psychometric theory (2nd ed.). New York: McGraw-Hill.
Oliver, R.L. (1997). Satisfaction: A behavioral perspective on the consumer. New York: The McGraw-Hill Companies, Inc.
Oppotus. (2021, November 24). Malaysian e-wallet usage 2021. Retrieved from https://www.oppotus.com/malaysian-e-wallet-usage-2021-infographic/
Renny., Guritno, S., & Siringoringo, H. (2013). Perceived usefulness, ease of use, and attitude towards online shopping usefulness towards online airlines ticket purchase. Procedia - Social and Behavioral Sciences, 81, 212–216.
Satoto, S. H., & Putra, H. N. K. (2021). The effect of financial literacy and other determinants on the intention to use electronic money: Consumer behavior as a variable mediation. International Journal of Applied Business and International Management, 6(3), 23–34.
Soodan, V., & Rana, A. (2019). Modeling customers’ intention to use e-wallet in a developing nation: Extending UTAUT2 with security, privacy and savings. Journal of Electronic Commerce in Organizations, 18(1), 89–114.
Soyacincau. (2012, July 19). Touch’ n Go, Maxis CIMB collaborate to bring transaction service via NFC-enabled smartphones online in two months time. Retrieved from https://soyacincau.com/2012/07/19/touch-n-go-maxis-cimb-collaborate-to-bring-transaction-service-via-nfc-enabled-smartphones-online-in-two-months-time/
Subaramaniam, K., Kolandaisamy, R., Jalil, A. B., & Kolandaisamy, I. (2020). The impact of e-wallets for current generation. Journal of Advanced Research in Dynamical and Control Systems, 12(1), 751–759.
The Malaysian Reserve. (2022, April 22). Touch’ n Go Card can now reload from TNG e-wallet. Retrieved from https://themalaysianreserve.com/2022/04/22/touch-n-go-card-can-now-reload-from-tng-e-wallet/
Touch ’n Go Sdn Bhd. (2021). What can I do with my touch ’n go ewallet?. Retrieved from https://support.tngdigital.com.my/hc/en-my/articles/360035587334-What-can-I-do-with-my-Touch-n-Go-eWallet-
Uddin, M. S., & Akhi, A. Y. (2014). E-Wallet system for Bangladesh an electronic payment system. International Journal of Modeling and Optimization, 4(3), 216–219.
Usman, H., Projo, N. W. K., Chairy, C., & Haque, M. G. (2022). The exploration role of sharia compliance in technology acceptance model for e-banking. Journal of Islamic Marketing, 13(5), 1089–1110.
Wilson, N., Keni, K., & Tan, P. H. P. (2021). The role of perceived usefulness and perceived ease-of-Use toward satisfaction and trust which influence computer consumers’ loyalty in China. Gadjah Mada International Journal of Business, 23(3), 262–294.
World Economic Forum. (2020, May 6). How digital payments can help countries cope with pandemics. Retrieved from https://www.weforum.org/agenda/2020/05/digital-payments-cash-and-covid-19-pandemics/
DOI: https://doi.org/10.32535/ijafap.v5i3.1873
Refbacks
- There are currently no refbacks.
Copyright (c) 2022 Hui Shan Lee, Lavanessh A/P Rajandran, Yung Wei Lai, Kirubasshini A/P DM Karunamurthy, Vivek Anand, B. Shashank, Rehan Faisal Qadri

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
International Journal of Accounting and Finance in Asia Pacific (IJAFAP)
ISSN 2684-9763 (Print) | ISSN 2655-6502 (Online)
DOI Prefix: 10.32535 by CrossRef
Published by AIBPM Publisher
JL. Kahuripan No. 9, Hotel Sahid Montana, Malang, Indonesia
Email: adm.ijafap@gmail.com
Phone: +62 341 366222
Website: https://ejournal.aibpmjournals.com/index.php/IJAFAP
Governed by
Association of International Business and Professional Management
Email: admin@aibpm.org
Website: https://www.aibpm.org/
Licensing Information
International Journal of Accounting and Finance in Asia Pacific (IJAFAP) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.