News Reporters PH

DuitNow QR: PayNet to impose transaction fees on merchants starting 1 Oct

Payments Network Malaysia (PayNet) has confirmed that the DuitNow QR (DNQR) transaction fees on merchants will be implemented starting from 1 October 2023. This was revealed through a media statement that addresses several reports regarding this matter.There is more to the matter than just a simple announcement. Through the same statement, PayNet has pointed out that provisions for transaction fees, technically known as merchant discount rate (MDR), on DNQR merchants have al…