Malaysians Can Soon Use MyDebit ATM Cards To Make Payments In Singapore
Author Avatar

 

Malaysians Can Soon Use MyDebit ATM Cards To Make Payments In Singapore

Besides the announcement of the Combi Card, the 9th Malaysia-Singapore Leaders Retreat also saw an update from the partnership between NETS and PayNet. From Q3 this year, Malaysians can use their MyDebit ATM cards to make payments in Singapore.

Currently, the NETS-PayNet partnership allows Singaporeans to use their NETS ATM cards to make payment at over 3,500 acceptance points in Malaysia. It is the first time that NETS ATM cards could be used to make payment outside Singapore.


(Image: LiveItLively)

But from Q3 2019, Malaysians will enjoy the same benefits in Singapore, as MyDebit-supported ATM cards will be accepted for payment in Singapore.

Given that debit card payments charge lower foreign transaction fees and have lower currency conversion rates compared to credit cards, enabling cross-border debit card payments in Singapore means Malaysians can potentially save quite a bit of money when paying for items down south.

(Source: Channel News Asia)

 

0 0 votes
Article Rating

SHARE

Comments (0)

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
Top Banking Articles
Post Image
Best Fixed Deposit Accounts In Malaysia – September 2021
The RinggitPlus Team
- 1st September 2021
We provide monthly updates on the best fixed deposit rates in Malaysia with tables showing the top 5 rates for the duration of 1, 3, 6, 9, and 12 months.
Post Image
Best High Interest Savings Accounts In Malaysia (July 2021)
Pang Tun Yau
- 28th July 2021
Make your money work for you by depositing them into the best high-interest savings accounts in Malaysia!
Post Image
Malaysian Banks And Local Institutions Offer Financial Assistance For Customers Affected By Covid-19
Alex Cheong Pui Yin
- 1st April 2020
(Last update: 1 April 2020, 3.40pm to include FAQs by banks.) With Malaysia going into an extended period […]
Post Image
Free Digital Tools to Help Market Your SME Business
Ahmad Mudhakkir
- 2nd July 2018
If you want to make sure other people know about your business, here are the free digital tools that can help you do it!

Related articles

Related Posts Image
Related Posts Image
Related Posts Image
Related Posts Image