DuitNow QR Merchant Discount Rate (MDR) for Malaysian SMEs

You might have seen reports circulating last year that merchants would be charged transaction fees for using DuitNow QR.

It was stated that merchants would have to pay 0.25% of each DuitNow QR transaction value, otherwise known as the merchant discount rate (MDR).

An official statement later clarified that measures would be taken by the central bank to minimise the potential impact small…