CIMB postpones the merchant discount rate till end of the year while Public Bank is maintaining the waiver ‘until further notice’.
Earlier today, PayNet confirmed that vendors would be charged a transaction fee for payments received via DuitNow from Nov 1.
Public Bank has opted to postpone the lifting of the MDR waiver “until further notice”, while CIMB will maintain the waiver until Dec 31. It said debit and credit card payments were currently subject to MDR, of which there was a waiver for QR payments.
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