KUALA LUMPUR: Some social media users have proceeded with offering cash-out services or peer-to-peer transfers of eMadani credits through various platforms despite warnings.
They claimed to have physical stores or business premises as justification.
Some said that anyone wishing to cash out eMadani credit can contact them directly to transfer the cash to the designated bank.
They also informed recipients that a redemption fee of RM10 will be charged.
"This is the process because Touch 'n Go (TNG) eWallet also charges a fee to shop owners for each transaction," they said.
However, some Facebook users offer eMadani redemption services without any charges.
"I offer eMadani redemption, 100 per cent trusted, and many have successfully withdrawn their cash. Most importantly, it's not a scam. There's also no charge, and it's up to you to decide how much you want to give," one user commented on Facebook.
Others offer eMadani redemption services for a fee ranging from RM2 to RM5.
On X platform, some social media users offer a more systematic service by asking eMadani recipients to join a group on the Telegram app.
The recipient is then asked to fill out a Google form and make payments through a QR code.
"Scan the QR code, then enter the amount you want to transfer. Capture the receipt as proof of the transaction. The service charge is RM2, and we will transfer RM98 to your bank account," a user said.
Earlier, it was reported that the Finance Ministry (MOF) advised the public to be cautious about cash-out or peer-to-peer transfer services for eMadani credits offered by irresponsible parties on social media platforms. In a statement, MOF said it is to prevent eMadani beneficiaries from falling victim to scams and losing the credits they receive.
"MOF will not be responsible for any credit losses resulting from peer-to-peer transfers or cash-out. In the meantime, the government will take strict measures, including blocking involved accounts and revoking the eMadani credits of recipients in cases involving peer-to-peer transfers or cash-out," it said.