Banks are against charging of fees

WE refer to the letter “Obstacles on the road to cashless society” (The Star, Sept 8). We would like to thank Dr Thanaseelen for highlighting as well as sharing his concerns on this matter.

The Association of Banks in Malaysia (ABM) would like to state that it is not a standard practice for merchants to set a minimum transaction value for payments using debit cards. Such practices are not endorsed by the banks.