News & Reviews:   duitnow

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.

Earlier today, Payments Network Malaysia Sdn Bhd (PayNet) and Ant Group signed an agreement to provide seamless digital payments for travellers. The two companies want to expand cross-border payments in the region. This agreement will give travellers access to digital payments at over 1.8 million merchants across Malaysia.

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.

Maybank today announced that it has completed the migration from SMS OTPs to Secure2u for its online banking services. These include bill payments and DuitNow, FPX and IBG transactions.

Today, Setel announced that Setel app users can now use DuitNow QR. Integrated with the Setel Pay feature, it can now be used to scan and pay at any merchant that displays the DuitNow QR code.

Maybank recently announced support for DuitNow Request, an easy way to ask for money from friends and family or request payments from business partners. With the new feature, Maybank2u web or MAE app users can easily send a DuitNow Request, with the payer only having to click ‘Pay’ to send the money.

The Ministry of Health (MOH) has announced that all facilities under its helm will start going cashless from 1 October 2022. This is according to circular issued by its secretary-general, Datuk Harjeet Singh dated 21 June 2022.

Today, BigPay has announced that DuitNow is available for Malaysian BigPay users across the nation. With that, BigPay users can use DuitNow QR and DuitNow Transfer for all payments. 

Shopee, in partnership with Payments Network Malaysia, has officially announced that ShopeePay eWallet will be the first of its kind to join the DuitNow 2.0. With that said, users will have the freedom to transfer their funds seamlessly up to 40 banks as well as 5 other eWallet platforms.