BigPay to add DuitNow QR payments in Q2 2021

Thursday 4 February 2021 09:02 CET | News

Malaysia-based financial services provider BigPay will add support for DuitNow QR payments within the second quarter of 2021.

This will allow users to perform contactless transactions across PayNet’s DuitNow QR network of merchants. BigPay will also support DuitNow which offers instant fund transfers to local bank accounts.

DuitNow QR is Malaysia’s national QR code standard which allows merchants to accept payments via online banking and e-wallet providers with a single QR code. This eliminates the need of displaying multiple QR codes at the counter and merchants will need to open only one acquirer account to accept payments from all supported platforms.

At the moment, DuitNow QR has a total of 26 participants which consist mostly of established banks. PayNet aims to add 15 more banks and e-wallet providers over the next six months.

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Keywords: BigPay, DuitNow, DuitNow QR, Malaysia, QR code payments, mobile payments, merchants, acquirer account, fund transfers
Categories: Payments & Commerce
Countries: Malaysia
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