Public Bank extends QR service with Thailand

Public Bank Group has extended its PBe QR service to support DuitNow QR Cross Border Payment between Malaysia and Thailand.

KUALA LUMPUR: Public Bank Group has extended its PBe QR service to support DuitNow QR Cross Border Payment between Malaysia and Thailand.

In a statement on Monday, Public Bank said it is he first bank in Malaysia to enable the DuitNow QR Cross Border Payment which facilitates retail-based QR payment between the two countries.

Importantly, this move will pave the way forward when the borders are reopen post pandemic.

It also said the bank will continue to foster close collaboration with Payment Network Malaysia Sdn. Bhd. (PayNet), enabling transactions to more Asean countries in the near future.

Public Bank group managing director Tan Sri Tay Ah Lek said: “Our immediate focus is to push for greater financial inclusion by enabling micro, small and medium Enterprises (MSMEs) with the more efficient and safe options to accept payments from foreign tourists when our borders are reopened.

“PBe QR, on top of the existing domestic DuitNow QR payment services will be a catalyst to this, providing simple, cost-effective and secure solution to enable MSMEs to accept cashless payments.”

Tay emphasised the bank is supportive of the nation’s push towards digitisation of various banking services and the creation of a financially inclusive society.

“With the increasing use of smartphones for banking, we are getting there and will continue to deliver the most efficient and convenient payment services for our customers.”

Businesses can enrol for the PBe QR service by self-registration from the Bank’s internet banking website or by approaching the nearest Public Bank branch for assistance.

As a collective effort to push for e-payments, Public Bank is also waiving its acquiring transaction fees for DuitNow QR payments until Dec 31, 2022.