KUALA LUMPUR, Sept 28 — The Small and Medium Enterprises Association (Samenta) has today urged Payments Network Malaysia Sdn Bhd (PayNet) — the operator of DuitNow QR — to...
KUALA LUMPUR, Sept 28 — The Small and Medium Enterprises Association has today urged Payments Network Malaysia Sdn Bhd — the operator of DuitNow QR — to reconsider the imposition of transaction fees rate for its payments and transactions made with credit cards from November 1.
“Over the past few years, we have been actively encouraging SMEs especially those in the retail and food and beverage sector to rapidly digitalise and at the core of that — to accept e-wallet.Ng also there may be a foreseeable future where merchants would only accept e-wallet or DuitNow above a certain limit or revert to accepting cash should the new policy take effect.
“We urge PayNet and the acquiring banks to consider charging a lower rate than the 0.25 and 0.5 per cent proposed.
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