News & Reviews:   duitnow qr

In case you didn’t know, DuitNow QR can now be used overseas. So, what should you know about it?

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.

Bank Negara Malaysia (BNM) through its Annual Report 2023 today revealed that a whopping 11.5 billion e-payment transactions were recorded in our country last year. This is a significant growth compared to the 9.3 billion recorded a year prior.

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) has revealed several interesting statistics regarding e-payment transactions, showcasing its strong growth in our country. In a speech by Assistant Governor Abd Rahman Abu Bakar, Malaysia recorded 9.5 billion e-payment transactions in 2022.

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.

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.

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.