Healthcare Triangle Inc (NASDAQ:HCTI) saw its shares rise sharply in premarket trading, climbing 47% on Thursday after its subsidiary QuantumNexis Malaysia Sdn Bhd revealed a strategic collaboration with TNG Digital to deliver digital mental health services inside TNG eWallet.
Under the agreement, QuantumNexis will integrate its Ziloy digital mental health platform into TNG eWallet, which the companies describe as Malaysia's largest digital payments platform with more than 25 million users. The integration aims to bring clinically validated mental health and emotional wellbeing resources directly into users' everyday digital experience.
The partnership is designed to provide an in-app discovery path for mental wellbeing services, a single sign-on user flow and frictionless payments through TNG eWallet. Through the embedded experience, users will be able to access digital mental health assessments, evidence-based wellness tools, consultations with licensed professionals and multilingual support without needing to download or manage a separate application.
QuantumNexis has set revenue expectations for its Malaysia operations in the growing six-figure range over the next two quarters. The company plans to monetize via a transaction-based revenue model and said it anticipates meaningful user adoption within the first 6 to 12 months following launch. Target demographics cited include digitally active professionals, younger adults, and individuals seeking support for stress, sleep and anxiety management.
The announcement notes that the partnership responds to a shortage of mental health professionals in Malaysia by providing digital-first assessments and scalable support pathways designed to reduce dependency on face-to-face consultations. QuantumNexis also indicated intention to replicate the model across Southeast Asia and to support public initiatives put forward by the Malaysian Ministry of Health.
Healthcare Triangle is a provider of digital transformation services for healthcare and life sciences, offering managed services, cloud enablement and data analytics solutions to organizations in those sectors.
Context and implications
The transaction embeds clinical mental health capabilities into a mainstream payments wallet, seeking to lower friction for access and payment while leveraging a large existing user base. The arrangement combines digital health content and clinical access with a major fintech distribution channel, reflecting a convergence of healthtech and financial technology firms in delivering care-related services.
What remains to be clarified
The announcement provides revenue expectations and adoption timing but does not disclose detailed pricing, projected transaction volumes, or the specific rollout timeline for the integration to reach the full TNG user base. The pace and scale of adoption and the ultimate revenue contribution beyond the next two quarters will depend on user engagement and conversion to paid transactions.