It's always such a problem when we leave the country, because what happens when the money we've converted based on currency isn't enough?
Suddenly we're wasting time, money and panicking.
Well, it's not a problem anymore for Malaysia and Indonesia.
Yes, the both countries has now introduced cross border QR payment and this Twitter user tried it out!
Many of us may not be aware that Malaysia and Indonesia just announced a cross border QR payment link.
— Norman Goh (@imnormgoh) May 8, 2023
Malaysias @BNM_official and Bank Indonesia both announced the commercial launch today.
Yesterday, I tried using our DuitNow to pay in Jakarta, it was seamless! Now I can pic.twitter.com/PuzNQ1JsGx
The linkage enables Indonesians and Malaysians to make instant retail payments in both countries by scanning the Quick Response Code Indonesian Standard (QRIS) or DuitNow.
It offers significant potential to boost economic activities, including tourism spending in the two countries.
It will also help expand markets for some businesses and facilitate increased settlements in local currency, improving financial outcomes.
"Asean is more connected now than ever. Many more users from Malaysia and Indonesia will benefit from a secure, more seamless and more efficient experience to make and receive cross-border payments", said BNM Governor.
Your Malaysian e-Wallet can also be used in Singapore and Thailand.
