BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments

Story on DuitNow QR payment for news. Get photos of customer scanning DuitNow QR code to make an online payment at a shop. Need photos of DuitNow QR code at shops counter too. -SHAARI CHEMAT/ THESTAR

KUALA LUMPUR: Major banks and non-bank financial service providers will waive transaction fees for micro and small businesses accepting DuitNow QR payments, says Bank Negara Malaysia (BNM).

The central bank said micro and small businesses will therefore continue to enjoy zero-cost transactions, while for individual customers, the usage of DuitNow QR to make payments will not attract any additional charges.