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Two major banks putting off charge for DuitNow QR payments - Vimarsana News

Two major banks putting off charge for DuitNow QR payments

Published: September 29, 2023

PETALING JAYA: Several financial institutions, including Public Bank and CIMB, have announced a waiver of the merchant discount rate (MDR) for vendors accepting payments via the DuitNow QR code platform.

Source: thestar.com.my
Related Topics:
Malaysia GeneralPublic BankSavings AccountsMaintenance FeeEnterprise PlanPayments Network Malaysia Sdn BhdBank NegaraInteroperable Credit TransferQr PaymentWee Ka Siong
QR payment charges regressive, detrimental to digitalisation efforts - Vimarsana News

QR payment charges regressive, detrimental to digitalisation efforts

Published: September 28, 2023

CURRENTLY, DuitNow QR does not impose transaction charges for transfers below RM5,000. A fixed fee of RM0.50 is applied to transactions exceeding RM5,000.

Source: thestar.com.my
Related Topics:
Ayer HitamMedium Enterprises Association SamentaPublic BankMalaysia Consumers MovementPayments Network Malaysia Sdn Bhd PaynetBank Negara MalaysiaInteroperable Credit TransferMedium Enterprises AssociationPayments Network Malaysia Sdn BhdIn 500 WordsQr CodeSmall Traders