Finance Minister Lim Guan Eng confirmed in a statement today that the Association of Banks in Malaysia has terminated the charges. — Reuters pic
“The ministry welcomes the termination of transaction charges imposed by commercial banks on cash and cheque transactions for credit cards and loan repayments over the counter of up to RM2, and at Cash Deposit Machines of up to RM0.50,” he said in a statement. Lim said the transaction charges were first implemented in December 2017 under the previous government to promote migration to e-payments.
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