PUTRAJAYA (Bernama): The Domestic Trade and Consumer Affairs Ministry has mobilised "Ops Had 2J" from Wednesday (May 26) to ensure the two-hour shopping limit at business premises is observed.
News of the 2 hours time limit came as a surprise to everyone, even the Malaysian Shopping Mall Association (PPK Malaysia), which has released a statement claiming that such a time limit was 'impractical'.
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Caps will be set on the amount banks can charge retailers for credit and debit payments.
Lowering these fees is expected to save businesses $74 million a year - with the hopes the savings will be passed on to consumers.
The Shucker Brothers and Island Gelato co-owner Geoff Tippett said any reduction in merchant service fees will be a relief. Because we re a high volume paywave customer it s a huge saving for us. It s probably the one block to going fully card only without cash is the cost of the paywave fees. Considering everything else has been going up in the last year this is a good relief.