News & Reviews:   duitnow

The GXBank has been around for quite some time now and to further expand its services, the DuitNow QR scanner has been added to the app. To get the new function, just update the GXBank app to the latest version from your Apple App or Google Play Store.

Malaysians can soon use PayNet’s DuitNow QR to pay for items in Southeast Asian countries and Japan after Japan revealed that they’re making their QR code payment systems compatible with Southeast Asian countries. Expected to be implemented by fiscal 2025, read on to find out more.

Bank Negara Malaysia (BNM) today announced the launch of cross-border real-time payment systems connectivity between Malaysia and Singapore. This allows for instant person-to-person (P2P) cross-border fund transfers via Malaysia’s DuitNow and Singapore’s PayNow systems.

Today, Curlec by Razorpay announced that it is now a member of the national payments network and infrastructure, Payments Network Malaysia Sdn Bhd (PayNet). For those who don't know, Curlec is a full-stack payment solution provider under Razorpay. 

In regards to the recent news of additional charges for merchants via DuitNow QR, Touch 'n Go (TNG) Digital just announced that those will be waived. That's good news to many users who are reliant on the ewallet platform but it's only for now until further notice.

Things have really been stirring up about the MDR (Merchant Discount Rate) for DuitNow QR Payments. Maybank has joined the MDR “until further notice” group with Public Bank while CIMB will extend the MDR waiver on DuitNow QR Payments until the end of the year. PayNet or Payments Network Malaysia Sdn Bhd have also announced an official statement clarifying more details. 

Amidst various reports of increased costs for those using DuitNow QR codes or QR codes to make wireless payments, Payments Network Malaysia Sdn Bhd (Paynet) recently confirmed that all applicable DuitNow QR payments will be charged MDR or the Merchant Discount Rate starting from 1 November 2023.

Yesterday, there was an online buzz going around regarding DuitNow QR. An RHB Reflex user received an email about the bank introducing a transaction fee for DuitNow on 1 November 2023. In the email, it is stated that 0.25% of the transaction value will be imposed on a savings account or ewallet, and 0.50% from a credit card. This does not apply to normal consumers, though.

DuitNow QR, the interoperable QR standard for real-time payments and funds transfers operated by Malaysia’s national payments network PayNet currently offers cross-border payments in Indonesia, Thailand and Singapore. Well, this cross-border feature may soon expand to the Philippines and Vietnam, as both countries’ respective central banks have joined the Regional Payment Connectivity (RPC) initiative.

In case you didn't know, Malaysians can now make QR Payments in Singapore via the MAE app. Maybank did announce that it plans to expand the feature to other countries and today, the MAE QR Payment is now available for Thailand and Indonesia.