How does DuitNow QR support contactless payments during MCO/RMCO?

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DuitNow QR Facilitates Contactless Transactions Amidst Movement Control Orders

DuitNow QR, Malaysia's national QR code standard, supports contactless payments by providing a unified and standardised QR code system that allows all e-wallet users to shop and transact without physical contact. This initiative, established by Payments Network Malaysia (PayNet) under Bank Negara Malaysia's Interoperable Credit Transfer Framework (ICTF), enables individuals to maintain safety and convenience during periods of restricted movement, such as the Conditional Movement Control Order (CMCO) and Recovery Movement Control Order (RMCO). By expanding offline digital payment offerings, DuitNow QR aims to assist in breaking the cycle of Covid-19 transmission while simultaneously aiding economic recovery.
National Standard for Unified QR Payments

DuitNow QR operates as a standardised and unified QR code, serving as Malaysia's national standard for real-time retail payments. This framework allows for interoperability, meaning users of various e-wallets, not just Boost, can utilise the same QR code for transactions. This uniformity simplifies the payment process for consumers and merchants alike, promoting a cashless and contactless shopping experience.
Enabling Safe Transactions During Movement Restrictions

The integration of e-wallets like Boost into the DuitNow QR network directly supports public health efforts during the CMCO and RMCO periods. These orders, implemented to curb the spread of Covid-19, necessitate reduced physical interaction. DuitNow QR provides a secure and contactless method for essential purchases, allowing Malaysians greater freedom of movement while minimising the risk of virus transmission.
Supporting Economic Recovery Through Digitalisation

By facilitating safe and contactless transactions, DuitNow QR plays a role in the broader economic recovery efforts in Malaysia. The ability for businesses, particularly micro-enterprises and small to medium-sized enterprises (SMEs), to accept digital payments through this system helps them navigate the economic challenges posed by the pandemic. The expanding DuitNow ecosystem, bolstered by the participation of large user and merchant bases, is designed to drive higher adoption of e-payments and promote financial inclusion across the nation.

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How does DuitNow QR support contactless payments during MCO/RMCO?

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