Singapore and Malaysia introduce QR-code cross-border merchant payments

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Singapore and Malaysia have linked their respective payment systems, allowing shoppers to make cross-border purchases by scanning QR codes.

Customers of financial institutions that are participating in the linkage, which was launched by the Monetary Authority of Singapore and Bank Negara Malaysia, can make retail payments by scanning NETS QR and DuitNow QR codes.

It facilitates cross-border online e-commerce transactions as well as in-person payments for travelers through the scanning of tangible QR codes displayed by businesses.

Read More: Singapore and Malaysia launch cross-border QR-code merchant payments

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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