{"id":7516,"date":"2023-03-31T13:53:18","date_gmt":"2023-03-31T05:53:18","guid":{"rendered":"https:\/\/daily.sg\/?p=7516"},"modified":"2023-04-12T10:55:55","modified_gmt":"2023-04-12T02:55:55","slug":"shop-easily-singapore-malaysia-qr-code-payments","status":"publish","type":"post","link":"https:\/\/daily.sg\/2023\/03\/shop-easily-singapore-malaysia-qr-code-payments\/","title":{"rendered":"Shop Easily in Singapore &#038; Malaysia via QR Code Payments!"},"content":{"rendered":"\n<p><strong>\u2022 Cross-border QR code payments launched between Singapore and Malaysia<br>\u2022 NETS-DuitNow QR code payment linkage benefits merchants and consumers<br>\u2022 Person-to-person fund transfers planned for year-end<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"ast-oembed-container \" style=\"height: 100%;\"><iframe loading=\"lazy\" title=\"Shop Easily in Singapore and Malaysia via QR Code Payments (31 Mar 2023)\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/28o6AQpkFi0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p>Imagine shopping and traveling between Singapore and Malaysia with just a simple scan.<\/p>\n\n\n\n<p>No need to carry cash or worry about exchanging currencies. <\/p>\n\n\n\n<p>That&#8217;s what the new cross-border QR code payments can do for you!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A New Way to Pay<\/h2>\n\n\n\n<p>On 31 March 2023, the Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) launched cross-border QR code payments between Singapore and Malaysia.<\/p>\n\n\n\n<p>This new way of paying allows customers to scan NETS QR and DuitNow QR codes when they shop. <\/p>\n\n\n\n<p>It&#8217;s available for both in-person shopping and online transactions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits for All<\/h2>\n\n\n\n<p>This new payment system is great news for everyone.<\/p>\n\n\n\n<p>With <a href=\"https:\/\/daily.sg\/2023\/03\/qing-ming-festival-good-friday-long-weekend-traffic-tips-2023\/\" title=\"Qing Ming Festival &amp; Good Friday Long Weekend Traffic Tips (2023)\">12 million visitors<\/a> travelling between the two countries yearly, cross-border QR code payments will make shopping easier and more fun. <\/p>\n\n\n\n<p>Merchants can enjoy a wider pool of customers, while shoppers can enjoy a seamless and efficient way to pay.<\/p>\n\n\n\n<p>Mr. Ravi Menon, Managing Director of the Monetary Authority of Singapore, said, &#8220;This QR code linkage between Singapore and Malaysia is an important milestone in ASEAN&#8217;s journey towards seamless regional payments connectivity.&#8221;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">More Good Things to Come<\/h2>\n\n\n\n<p>The next step for MAS and BNM is to add person-to-person fund transfers and remittances.<\/p>\n\n\n\n<p>By the end of 2023, users can send money to family and friends using their mobile phone numbers through <a href=\"https:\/\/www.abs.org.sg\/consumer-banking\/pay-now\" title=\"\">PayNow<\/a> and <a href=\"https:\/\/www.duitnow.my\/\" target=\"_blank\" rel=\"noopener\" title=\"\">DuitNow<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Actionable and Practical Takeaways<\/h2>\n\n\n\n<p>\u2022 Explore new shopping opportunities in both Singapore and Malaysia<br>\u2022 Enjoy the convenience of cross-border QR code payments for your purchases<br>\u2022 Keep an eye out for person-to-person fund transfers coming by year-end<\/p>\n\n\n\n<p>With <a href=\"https:\/\/daily.sg\/2023\/03\/revolutionise-cross-border-payments-unlock-the-potential-of-bis-project-nexus\/\">cross-border QR code payments,<\/a> shopping and travelling between Singapore and Malaysia have never been easier.<\/p>\n\n\n\n<p>So, are you ready to <a href=\"https:\/\/daily.sg\/2023\/04\/discover-new-punggol-library-aplace-for-everyone\/\">discover new places<\/a> and experiences with just a simple scan?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discover how the new cross-border QR code payments between Singapore and Malaysia make shopping more fun and convenient for travellers and residents alike.<\/p>\n","protected":false},"author":8,"featured_media":7522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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