“With pre-pandemic annual traffic between the two countries averaging 12 million visitors, the payment linkage will provide merchants and consumers with a more seamless and efficient means to make and receive payments,” says MAS.
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have launched a cross-border QR code payment linkage between Singapore and Malaysia.
This payment linkage will allow customers of participating financial institutions to make retail payments by scanning NETS QR and DuitNow QR codes, says MAS in a March 31 press release.
