. This will allow Singaporean visitors to use their existing mobile apps to perform QR payments at merchants in Malaysia that display the DuitNow QR code. Similarly, Malaysians with a DuitNow QR-supported mobile banking or eWallet app can also make cashless payments when they scan NETS QR at merchants in Singapore.
BNM Assistant Governor Fraziali Ismail said “By bringing the efficiencies observed in domestic payments to cross-border payments, the DuitNow-PayNow linkage will be a game-changer resulting in faster, cheaper, and more accessible payment services for the people of both countries. Not only would this initiative further strengthen the economic ties between Malaysia and Singapore, but it would also serve as a key enabler to support post-pandemic economic growth.
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