Malaysia and Singapore Now Support Each Other’s QR Payment Platform DuitNowQR NETSQR BNM_official MAS_sg
That being said, not everyone is already able to support the cross-border linkage between DuitNow QR and NETS QR. This capability still depends on which bank, e-wallet, or payment gateway you used.
Here is the list of financial institutions, e-wallet operators, and payment gateway providers that already support cross-border QR transactions, as of today:Malaysian E-Wallets: Boost, Touch ‘n Go eWalletPrior to today’s announcement, BNM also successfully set up the cross-border QR payment linkage with Thailand back in mid-2021. Earlier this year, the same capability has also been established with Indonesia.
Meanwhile, BNM and MAS already looking forward to taking the cross-border payment linkage to the next level. In today’s joint announcement, both regulatory bodies stated that they are currently working to enable real-time fund transfers through Malaysia’s DuitNow andOnce the implementation is completed, consumers in both countries can transfer funds to each other just by using the recipient’s mobile phone number.
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