The Week That Was: Cyberjaya goes cashless

Merchants would only need to sign up with one acquirer to be able to accept payments from all other banks and e-wallets that use DuitNow QR. — RONNIE CHIN/The Star

Cyberjaya became the first city to adopt a national QR code that would allow merchants to accept various brands of e-wallets without having to sign up with each company.

The initiative, called the Cashless Ecosystem for Cyberjaya, is a collaboration between the Ministry of Finance Inc’s Cyberview Sdn Bhd and Bank Negara Malaysia’s (BNM’s) affiliate, Payments Network Malaysia Sdn Bhd (PayNet).