BigPay Malaysia announced that it has enabled support for cross-border QR payments in Singapore and Thailand, allowing Malaysian users to pay for their purchases with more convenience when they travel to both countries.

With this, users can now make payments to merchants in Singapore and Thailand simply by scanning the SGQR code (issued by NETS) or the Thai QR payment code (issued by PromptPay), respectively, via the BigPay app – the same way they’d scan DuitNow QR codes for QR payments back here in Malaysia. It serves as a complement to the BigPay prepaid card, enabling BigPay users to still be able to shop with merchants who do not accept card payments.

Aside from the convenience, BigPay also noted that this new feature offers a competitive foreign exchange rate, which in turn, will help its users to save more. In fact, it specifically noted in its blog announcement that the rates are “even better than the [BigPay] card”.  

To use the cross-border QR payment feature on BigPay, go ahead and tap on the “Explore” at the bottom bar, followed by “DuitNow QR” tile. From there, scan the merchant’s SGQR code or PromptPay QR code, then enter the payment amount in the local currency. You’ll be able to review the details of your transactions – such as the exchange rate applied – before you approve your payments.

BigPay’s new feature is made possible following Bank Negara Malaysia’s (BNM) success in launching the cross-border QR code payment linkage between Malaysia and Thailand back in 2021, and more recently, with Singapore. Aside from these two countries, BNM had also announced the commercial launch of the cross-border QR payment linkage between Malaysia and Indonesia after a successful pilot that commenced since early 2022.

(Source: BigPay)

• TAGS:
• Bank Negara Malaysia
• BigPay
• BNM
• Cross-Border Payments
• Cross-Border QR Payments
• DuitNow QR Cross-Border
• NETS
• Network for Electronic Transfers Singapore (NETS)
• PromptPay
• PromptPay QR
• SGQR