QR payment charges regressive, detrimental to digitalisation efforts
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.
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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.
In an ideal scenario, a mechanism should exist to allow traders to reconcile these minuscule discrepancies swiftly. The imposition of fines over minor discrepancies, such as a ₹1 variance in GST payments, appears overly punitive.
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