Convenient payment: A Hindu holy man paying the vendor through Paytm, a digital wallet company, after buying a book in Allahabad, India. E-wallets are ideally suitable for small or micro transactions. — Reuters

Touch ‘n Go-Ant Financial deal paves the way

ELECTRONIC wallets (e-wallets) are all the rage in countries like India and China but only make up a small presence in Malaysia.

And yet, a race has begun for e-wallet operators to gain a strong foothold in the market.

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