The Malaysia Consumers Movement says charging traders a transaction fee will be a regressive move when Putrajaya is going all-out to promote digitalisation.
The Small and Medium Enterprises Association said it had been working hard to encourage SMEs to digitise, but charging merchants such transaction fees would be detrimental to its efforts. Yesterday, it was reported that transaction fees will be imposed on merchants who receive payments via DuitNow from Nov 1. Currently, there is a 50 sen fee for any DuitNow transaction exceeding RM5,000.
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