More than 12,000 Universiti Malaya (UM) undergraduates benefitted from MR DIY’s #DIY4UM initiative.
A joint collaboration between MR DIY Group (M) Berhad (MR DIY), Touch ‘n Go Group (Touch ‘n Go), and UM, #DIY4UM saw the home improvement retailer distributed over RM3.6 million to help the undergraduates prepare for the return to campus.
Under #DIY4UM, each UM undergraduate received RM300 in cash aid, to be used for the purchase of everyday essentials and learning equipment.
The funds were distributed through the Touch ‘n Go’ e-wallet in three equal payments over November and December 2021.
MR DIY Chief Executive Officer (CEO) Adrian Ong said their founder Tan Yu Yeh, is a UM alumnus, and over the years, has helped them initiate a number of various programmes to benefit the university, its students and the community it serves.
“His wish, and our vision, has been for these efforts to spur other organisa
IF one were to connect the dots of Malaysia’s payment system back to the 90s, the establishment of Touch ‘n Go Sdn Bhd is arguably the nation’s first step into the world of financial technology (fintech).
It started in 1996 as Rangkaian Segar Sdn Bhd, purely as a card-based electronic toll payment system called Touch ‘n Go, as a more efficient alternative to cash to ease toll congestion.
Fast forward 25 years later and the advancement of technology has evolved Touch ‘n Go from a reliance on a business line to expansion in business lines and through the right partner, making it the main driver of Malaysia’s cashless agenda at present. Its joint-venture (JV) with Ant Group culminated in a widely accepted Touch ‘n Go eWallet in Malaysia.