Malaysians travelling to Singapore can now shop and pay by scanning their PayNow QR codes, while Singaporeans in Malaysia can do the same with local DuitNow QR codes.
If you’re someone who frequently travels to Singapore, you’re probably already familiar with having to bring with you either their local currency or arrange with your bank to allow foreign transactions on your credit or debit card. However, Bank Negara has since confirmed that cross-border DuitNow QR payment with Singapore is now live.
Maybank’s website does note some restrictions for now though. For starters, the daily transaction limit for cross-border DuitNow QR transactions is RM1,000 or equivalent to RM1,000 in foreign currency, which is SGD301.18 for Singapore at the moment; you will however be able to change the daily limit to a lower amount if you wish. The cross-border DuitNow QR is also only application for DBS and UOB Bank via SG QR in Singapore at the moment.
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