Touch ‘n Go Young Entrepreneurship Challenge 2022 winners

• Provides students with platform to innovate, foster entrepreneurial skills
• Student tasked to create innovation solution to encourage eWallet usage 

Touch ‘n Go eWallet has announced the winners of its Young Entrepreneurship Challenge 2022 following the Grand Finals held recently.

In a statement, the company said the Young Entrepreneurship Challenge 2022 provides students with a platform to experience, innovate and foster their entrepreneurial skills within the eWallet industry. 

It said a total of 93 individuals and 88 teams, through a collective total of 256 presentation decks, shared their most innovative ideas on how Touch ‘n Go eWallet could continue to increase enjoyment while encouraging continuous usage of the eWallet among Malaysians.

The objective of the challenge was to encourage students to showcase their inspirations for Touch ‘n Go eWallet as the go-to cashless payment of choice in Malaysia, it said.

According to Touch ‘n Go eWallet, five teams comprising a total of 18 students were selected to proceed to the grand finals. 

Most of the participants were students from local public and private universities, adding that the challenge also received participation from Malaysian students studying overseas, from Singapore, China, and Hong Kong, it said.

The top five ideas that made it to the finals were from Team MOP, Team Leh Go, Team Imagine Fantasy, and Team Touch ‘n Glow.

Alan Ni, chief executive officer of TNG Digital Sdn Bhd, “Most of them presented such great innovative ideas and it made our job a bit harder during evaluation.

“We appreciate their enthusiasm in pitching their creative ideas as it motivates and inspires Touch ‘n Go eWallet to strive to do better than before,” he said. 

The grand prize went to Team Leh Go from Sunway University with their GoShare idea of a shared wallet system that offers split bills, manages finances, and tracks expenses.

The team received US$2,190 (RM10,000) Touch ‘n Go eWallet credit and a US$219 (RM1,000) Klook voucher for each member. 

Team Imagine Fantasy, comprising students from Universiti Malaya and Universiti Tun Hussein Onn, won second prize, with the idea of GOCity.

The team received US$1,750 (RM8,000) Touch ‘n Go eWallet credit and a US$219 (RM1,000) Klook voucher for each member. 

For their GOsave idea, Team MOP, comprising students from National University of Singapore, University of Nottingham Malaysia and Nanyang Technological University, placed third, and received US$1,098 (RM5,000) Touch ‘n Go eWallet credit and a US$219 (RM1,000) Klook voucher for each member.

Other finalists also received prizes as a reward for their submission and participation in the challenge, Touch ‘n Go said.

The top four and five finalists received US$429 (RM2,000) Touch ‘n Go eWallet credit and US$219 (RM1,000) Klook voucher for each member, while the top six to ten finalists received US$219 (RM1,000) Touch ‘n Go eWallet credit and US$175 (RM800) Klook voucher for each member.

Ni said that participation in the Young Entrepreneurship Challenge 2022 has encouraged and expanded the students’ thinking abilities in generating innovative solutions to problem statements and helped them to develop interest in entrepreneurship.

“Our heartiest congratulations to all the winners - we truly appreciate their painstaking efforts in submitting and sharing their ideas with us and are excited about making the winners’ ideas a reality in the future,” he added.

Besides winning the challenge, the 18 grand finalists also received an open job offer to join TNG Digital Sdn Bhd upon graduation.