🌍 Overview — Cross-Border QR Payments
Cross-Border QR Payments is an interoperable QR code payment service that allows real-time payments for:
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International travellers to pay merchants in Malaysia using their home country’s mobile banking or e-wallet apps by scanning DuitNow QR.
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Malaysian travellers to pay in foreign country using Malaysia mobile banking or e-wallet apps by scanning foreign merchant QR.
Key aspects include:
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Interoperability: One QR code accepted by multiple payment systems across borders.
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Real-Time Processing: Instant payment authorization and fund settlement to merchants.
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Wide Merchant Coverage: Millions of merchant acceptance points across participating countries.
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Inbound and Outbound Payments: Supports payments from international travellers to local merchants and vice versa.
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Multi-Country Linkages: Enables cross-border payments between countries in the region and beyond, promoting regional economic integration.
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Digital and Physical Payments: Supports payments at physical merchant locations and online e-commerce platforms.
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Expansion Roadmap: Ongoing efforts to onboard more countries and payment providers to the network.