KUALA LUMPUR: Malayan Banking Bhd (Maybank) launched a pilot version of cashless mobile payment option using QR codes, called 'Maybank QRPay', making it the first bank to introduce such a service in the country. Maybank said the Maybank QRPay aims to promote greater use of cashless transactions in the country as it can be easily installed or used by any individual or business wanting to adopt cashless payment modes. "Our new service is versatile, allowing any merchant to accept QRPay transactions from Maybank customers regardless whether its account is with Maybank or not. Lim said the pilot phase will see all 33 stalls at the food court in Laman Menara Maybank adopting the Maybank QRPay option for customers. "Any merchant can apply to use the service by registering for Maybank QRPay via the Maybank QRPay merchant App, where they can indicate their own bank account number for payments to be channeled to.

Source: New Strait Times December 14, 2017 10:52 UTC