QUOTE(Mavik @ Jan 8 2021, 07:43 PM)
Bank's won't support it if the Merchants wouldn't want it. Today the margins for merchant transactions for banks are already so slim with very low MDR rates. Then with players such as Grab and other eWallet offering 1% MDR rates to merchants, more and more merchants would prefer that sort of payment over Credit Card/Apple Pay/Samsung Pay.
At the end of the day, it's not the bank alone but also the merchants. Heck, even with the new DuitNow QR where there is 0% MDR fee, merchants also are hesitant to implement it.
i think most bank now use standard duitnow QR pay. it is supposed to be standard QR code for ewallet regulated by BNM.
for ewallet, maybank QR pay already implement standard duitnow QR .
for maybank qr pay you can pay with any bank app.
for merchants, if they already accept credit card payment i don't see any reason they don't want to accept since apple, google, samsung pay work the same as paywave, on merchant side they don't have to do anything.
you can pay with samsung pay with any credit card terminal that accept paywave.
This post has been edited by faizalmzain: Jan 11 2021, 02:19 PM