DuitNow is a Malaysian real-time payments network managed by Malaysia's central payment authority PayNet. Payment providers are unified under one national regulatory standard and run on the same network, making payments between them interoperable. Users are able to digitally transfer money between online banks and digital wallets with a mobile number, National identification number, or business registration number.
How it works
- Shopper proceeds to checkout
- Shopper selects DuitNow from the available payment methods
- Shopper scans QR code on screen with bank/wallet app
- Payment completed
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