report<\/a> by McKinsey & Company.
\nCurrently, the widely accepted DuitNow QR Codes are limited to local
\nparticipating banks’ e-wallets, while Cross-Border QR codes with DuitNow QR will
\nenable real-time instant payments for retail and e-commerce merchants based in
\nMalaysia from tourists using their respective foreign banks or e-wallets applications.
\nRMS merchants can expect a further extension of their business’ reach as
\ncross-border payment linkages with surrounding Southeast Asian countries such
\nas Indonesia and Singapore are scheduled after Thailand.<\/p>\n“Razer
\nFintech and our B2B arm, RMS, are excited to be the first Merchant Acquirer to
\nenable all three Duitnow payment channels, further cementing our leadership in delivering
\nnew payment product features, in partnership with Paynet. We are very proud to enable
\nthese developments with PayNet’s Real-time Payments Platform for our regional
\nand global merchants from both online and offline verticals. In times where
\nphysical contact needs to be limited, these developments will accelerate
\npayment conversions and will be an effective contactless alternative to cash
\npayments for both merchants and customers.” said Lee Li Meng, CEO of Razer
\nFintech.<\/p>\n
“PayNet is
\ndelighted to have Razer Merchant Services as our DuitNow QR participant. RMS is
\namong the earliest to adopt cross-border QR payments. With its large base in
\nMalaysia, we are confident RMS’ merchants will reap more benefits of going
\ncashless once cross-border QR payments acceptance from foreign visitors is
\nenabled.” said PayNet Malaysia’s Director of Retail Payments Services, Mr.
\nKhairuan Abdul Rahman.<\/p>\n
\nOne of RMS’ merchants,
\nDoctor2U, will vastly benefit from Cross-Border QR with DuitNow QR when
\naccepting payments from foreign visitors into Malaysia. Doctor2U, who is BP
\nHealthcare Group’s homegrown technology arm, had previously set up a
\nstate-of-the-art Covid-19 screening facility at the Kuala Lumpur International
\nAirport (KLIA) with a capacity of screening 45,000 travelers daily.<\/p>\n
As digital payments accelerate, local customers can also look
\nforward to a better customer experience with DuitNow Online Banking\/Wallets.
\nThe service provides a more seamless e-commerce or m-commerce check out
\nexperience by enabling simple\u00a0redirection to customers’ Online Banking or e-wallets app\u200b
\nwhere instant payments can
\nbe made with over 40 Banks and e-wallets on board with more expected to join by
\nthe first half of 2022. DuitNow Online Banking\/Wallets will be a development to
\nlink online banking and e-wallets to provide convenience for customers on
\nmerchant applications, through application-to-application payment verifications
\nand significantly reduce payment friction and cart abandonments. <\/p>\n
RMS aims to enable 3,000 physical offline acceptance points
\nwith DuitNow QR and Cross-Border payments with DuitNow QR by 2022. In the same
\nperiod, RMS will onboard 1,000 online merchants with the full suite of DuitNow
\nQR, Cross-Border QR, and DuitNow Online Banking\/Wallets through a simple
\nApplication Programming Interface (API) integration with RMS. The DuitNow
\npayment solutions will enable businesses to accept payments with just a single
\nunified QR that allows interoperability between participating banks and
\ne-wallets. <\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"SHAH ALAM, MALAYSIA –\u00a0Media OutReach\u00a0– 28
December 2021 – Razer
Merchant Services
(RMS), the B2B arm of
Razer Fintech, today announces it has become the first Merchant Acquirer to
enable all three channels for PayNet’s Real-time Payments Platform, DuitNow.
The payment channels include DuitNow QR, Cross-Border QR payments, and DuitNow
Online Banking\/Wallets, which RMS has …<\/p>\n","protected":false},"author":1,"featured_media":19733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19732"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19732"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19732\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19733"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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