Cross-border QR Payments between Malaysia-Thailand and Malaysia-Indonesia are now available, enabling convenient instant payments using just mobile phones.
Further to the joint announcement between central banks of Malaysia and Thailand in June 2021, and the joint announcement between the central banks of Malaysia and Indonesia on 27 January 2022, Payments Network Malaysia Sdn Bhd (PayNet) is pleased to announce the linkage with Thailand’s National ITMX has been completed and QR payments is now interoperable between both countries.
Travelers between Malaysia and Thailand can opt to make e-payments using their respective home country’s interoperable QRs at participating merchants; and in partnership with ALTO, ARTAJASA, JALIN & RINTIS, Cross-Border QR payments between Malaysia and Indonesia is now live and interoperable between both countries.
Similarly, the linkage between DuitNow QR and Quick Response Code Indonesian Standard (QRIS) will allow travelers between Malaysia and Indonesia to make instant e-payments at participating merchants.
Paving the way for the Malaysia-Thailand collaboration is Public Bank Berhad, which became the first Malaysian bank together with Razer Merchant Services as the first merchant acquirer provider to participate in the linkage as well as Kasikornbank and Siam Commercial Bank from Thailand.
As for the Malaysia-Indonesia linkage, among the participating banks enabling the Malaysia-Indonesia linkage is Bank Indonesia, CIMB Niaga, Bank Sinarmas, Bank Central Asia, Bank Mega, Bank Permata, Bank Syariah Indonesia as well as Bank BPD Bali along with Bank Mandiri as the merchant acquirer.
The Malaysia-Indonesia linkage would also allow payments from eWallets via ShopeePay, Ottocash, DANA, and LinkAja. In the coming months more banks and merchant acquirers from all three countries respectively are expected to participate.
Malaysians abroad can make payments at participating merchants in Thailand or Indonesia by simply launching their mobile banking or eWallet app to scan the merchants’ QR code in the respective countries.
Conversely, the people from Thailand and Indonesia visiting Malaysia can do the same by scanning DuitNow QR standees to make payments at any participating merchants in Malaysia.
-NIAGATIMES
