Cross-border QR code payment linkage between Malaysia and Singapore, launched by BNM_official and MAS_sg makes DuitNow-NETS QR connected for travelers to make payments.
Person-to-person fund transfers &Bank Negara Malaysia and the Monetary Authority of Singapore yesterday launched a cross-border QR code payment linkage between Malaysia and Singapore.
DuitNow QR is the national QR code solution in Malaysia operated by Payments Network Malaysia Sdn Bhd . NETS QR is the QR code solution operated by Singapore’s electronic payment network, NETS. DuitNow QR and NETS QR allow merchants to accept payments from customers of different participating banks and e- wallet operators using a unified QR code.
With pre-pandemic annual traffic between the two countries averaging 12 million visitors, the payment linkage will provide merchants and consumers with a more seamless and efficient means to make and receive payments.
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