KUALA LUMPUR, Oct 24 (Bernama) -- CIMB Bank Bhd and CIMB Islamic Bank Bhd fully support Bank Negara Malaysia’s efforts in promoting a cashless society.

Therefore they welcome the DuitNow new electronic payment service by Payments Network Malaysia Sdn Bhd (PayNet) and some 14 banks which was announced recently.

“We believe DuitNow, another innovative payment solution by the banking industry for Malaysians to transfer funds conveniently and securely – simply by using either a mobile or NRIC number, for example – will continue to drive the growth of digital and non-cash transactions in Malaysia,’’ a CIMB statement read.

“CIMB was the first in the market to provide completely free fund transfers on CIMB Clicks to further support digital and non-cash transactions, and will extend the same zero fee to all DuitNow transfers as well.

“Customers will be able to use CIMB Clicks to link or de-link their mobile numbers and bank account to or from DuitNow at any time, once the system goes live.”

-- BERNAMA