PBe QR Now Supports Malaysia-Thailand Cross-Border Payment

PETALING JAYA: Public Bank Group has extended its PBe QR service to support DuitNow QR cross-border payment between Malaysia and Thailand.

The bank claimed to be the first bank in Malaysia to enable DuitNow QR cross-border payment which facilitates retail QR payment between the two countries.

“This will pave the way for transactions with more ASEAN countries in the near future when the borders reopen after the pandemic and foster close collaboration with the Malaysia Sdn Bhd (PayNet) payment network,” he said. he said in a statement.

The Managing Director of the Public Bank, Tan Sri Tay Ah Lek, said that the immediate objective of the bank would be to promote greater financial inclusion by enabling micro, small and medium enterprises (MSMEs) with the most efficient options. and safe to accept payments from foreign tourists when borders reopen.

“PBe QR, in addition to the existing national DuitNow QR payment services, will be a catalyst for this, providing a simple, cost-effective and secure solution to enable MSMEs to accept cashless payments.

“We support the country’s push to digitize various banking services and create a financially inclusive society. With the increasing use of smartphones for banking, we are getting there and will continue to provide the most efficient and convenient payment services to our customers, ”he said.

Businesses can register for the PBe QR service by registering themselves on the online banking website or by contacting the nearest Public Bank branch for assistance. As part of a collective effort to promote electronic payments, the bank waived its transaction fees for DuitNow QR payments until December 31, 2022.

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