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IN 500 WORDS

QR payment charges regressive, detrimental to digitalisation efforts

CURRENTLY, DuitNow QR does not impose transaction charges for transfers below RM5,000. A fixed fee of RM0.50 is applied to transactions exceeding RM5,000.

Soon (as of Nov 1, 2023), it is reported that traders receiving money via the DuitNow QR application will incur transaction charges.

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QR Code , Transaction , Fee , Small Traders

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