News & Reviews:   Merchant Discount Rate

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.