- People is recycle used cooking oil and receive payment straight into their app.
- Encourage M’sians to discard used cooking oil, earn incentives &, positively impact the environment
![The partnership between TNG Digital and Arus Oil was formalised with the signing of a MoU at TNG Digital’s office. The MoU was signed by representatives from both parties, including [from left] Chatichai Chong Jian Wei, chief marketing officer of Arus Oil, Mohd Syazwan bin Abd Majid,CEO of Arus Oil, Alan Ni, CEO of TNG Digital, and Adeline Lum, director of Merchant Business (Commercial) of TNG Digital.](https://www.digitalnewsasia.com/sites/default/files/images/ArusOil TNG.jpg "The partnership between TNG Digital and Arus Oil was formalised with the signing of a MoU at TNG Digital’s office. The MoU was signed by representatives from both parties, including [from left] Chatichai Chong Jian Wei, chief marketing officer of Arus Oil, Mohd Syazwan bin Abd Majid,CEO of Arus Oil, Alan Ni, CEO of TNG Digital, and Adeline Lum, director of Merchant Business (Commercial) of TNG Digital.")
TNG Digital Sdn. Malaysia’s largest integrated fintech player, Bhd, has made a significant step toward sustainability by forming a pioneering partnership with Arus Oil ( My Protech Sdn Bhd ), marking the company’s first entry into the circular economy. The parties stated in a joint statement that this collaboration will help TNG eWallet users recycle used cooking oil (UCO ) and receive payments directly into their eWallets, converting waste into money while aiding in a more sustainable future.
Used cooking oil is frequently discarded rather than recycled, which causes waste and wasted solutions. Fuel can eventually enter the sewer system as a result of poor disposal, polluting rivers and seas. TNG Digital and Arus Oil are urging both homes and businesses to use Arus Oil via TNG app to embrace responsible and effective oil recycling methods in response.
Alan Ni, CEO of TNG Digital, shared,” We are excited to start our first economic, social, and governance ( ESG) association with Arus Oil, aimed at promoting recycling and conservation. As the country’s leading app, we believe our duties extend beyond providing economic products and services. Through our TNG eWallet platform, we are committed to creating a complete and lasting ecosystem that improves both the well-being of our customers and the atmosphere.
” With this effort, we encourage Malay to discard their used cooking oil, earn returns, and create a positive impact on the environment through our system. He continued,” This agreement with Arus Oil is a major step forward toward a brighter and more sustainable future for all.”
” This program not only reduces risks related to environmental pollution, but it also encourages the development of renewable energy and the decrease of waste, while also offering households and businesses tangible financial advantages,” Ni said.
Arus Oil, which began its fuel collection initiatives in 2017, has previously collected 1, 000 kilograms of UCO through designated set items. Arus Oil now has TNG app as its first app spouse, making it easier and faster to recycle materials and to have money credited to users ‘ eWallets in real-time.
CEO of My Protech, Syazwan Majid, stated,” At Arus Oil, we are driven by the conviction that conservation is an opportunity to have a positive impact on both our culture and community. This collaboration with the No. By turning spend into a source, the 1 eWallet in Malaysia complies with our goal to create a greener society. By facilitating the disposal of UCO through the digital system, we are empowering Malaysians to directly support environmental protection and solar power while earning rewards. Collectively, we are not just imagining a ecological future—we are constantly building it”.
If home UCO is kept in a non-flammable place at room temperatures, it can be collected and stored in a crystal bottle or jerry is. Restaurants that handle larger amounts of UCO are advised to apply barrels. People who want to buy their UCO to Arus Oil using TNG app can do this:
1. Click the Arus Oil symbol in the TNG paytm to access it.
2. Click on” Create Appointment”.
3. Include the information needed, along with a photograph of the to be taken UCO.
4. With a minimal pickup weight of 5 kg, Atlas Oil may email the user to organize a delivery at their convenience.
Users ‘ Voyager card will immediately receive funds earned from recycling UCO, which can be used for bills and other purposes, adding value to this environmentally friendly actions.
Arus Oil, which is now based in the Klang Valley, intends to expand its services to other locations, including East Malaysia and the northern territory. During the battle time from 9 September to 23 September 2024, the government can even take UCO to the Arus Oil Collection Center at 30, Jalan Industri USJ 1/4, Taman Perindustrian USJ, 47600 Subang Jaya, Selangor, recycle it via the TNG eWallet app, and get a specific rate of RM3/kg.