News & Reviews:   CIMB

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. 

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.

In the near future, CIMB and Maybank will be moving their SecureTAC approval to their respective apps. This is part of the banks' to further safeguard your money from scam SMSes and is also, in line with the Bank Negara Malaysia.

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have announced that they are implementing several measures to strengthen the security of their digital banking platforms. Among the measures is a mandatory call verification process that will go into effect starting today (26 December 2022).

CIMB Bank Bhd and CIMB Islamic Bank Bhd (CIMB) have recently announced several new security measures for the CIMB Clicks and CIMB OCTO apps. Aimed at combating fraud and strengthening the security of their digital banking platforms, these measures include compulsory SecureTAC authorisation via the CIMB Clicks App for transactions over RM100.

Following the directive by Bank Negara Malaysia (BNM) to move away from OTP to more secure authentication, CIMB Group has announced that it will cease the use of OTP by the first half of 2023. Instead, the bank will only use its SecureTAC for customers’ online banking authentication moving forward.

CIMB Bank has reminded its customers to update the CIMB Clicks mobile app to the latest version to continue using it smoothly and with uninterrupted services. Announced on its official website, CIMB said that users must update the mobile app before 8 October 2022.

Today, CIMB Bank Berhad and CIMB Islamic Bank Berhad introduced the early release of the CIMB OCTO App. Although it's still in the early stages, CIMB customers can now start using it and provide their feedback before the app’s full release.

As some of you already know, Maybank and Ambank have officially launched their Apple Pay service. But are there any other banks? Well, yes albeit only one at the moment which is Standard Chartered bank.