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Bank Muamalat aims to have 15,000 merchants using QR scanning next year
Last update: 09/10/2019

KUALA LUMPUR, Oct 9 --  Bank Muamalat  Malaysia Bhd (BMMB) is targeting to boost the number of its merchants using quick response (QR) technology and payment to 15,000 next year from 2,700 merchants now.

Senior vice-president and head of strategic business and e-banking division Datuk Mearia Hamzah said QR technology was currently being used for its e-Derma service launched last year, which had reached 12,000 transactions valued at RM200,000.

“To broaden the range of QR payment services, we have launched e-Wakaf through the QR application to facilitate customers in discharging property rights through infaq (donation) or waqf (endowment) to the needy.

“In the future, BMMB plans to use the service for e-Zakat purposes,” she told a media conference after the launch of e-Wakaf via QR here today.

According to her, the QR technology is very suitable for micro payments, and BMMB is currently applying it to facilitate payments in mosques and other places of worship (surau) for e-Derma, with the hope of expanding the usage to cover retailers and restaurants.

Meanwhile, in his speech, chief executive officer Datuk Mohd Redza Shah Abdul Wahid said BMMB was the first local banking institution to introduce e-Derma through QR application.

On the waqf service, he said the service, which was previously provided only through the bank's counters nationwide, had achieved a collection of RM27 million up to August this year.

Of that, RM19 million had been distributed to 82 projects throughout the country, he added.

In a bid to boost the collection, BMMB would collaborate with the Islamic religious councils of Selangor, Negeri Sembilan, Kelantan and Kedah to offer e-Wakaf services using QR code in places of worship as well as religious centres in the respective states, he said.

“In conjunction with BMMB's 20th anniversary this year, we want to sustain our excellent banking momentum by offering the best banking services via the digitalisation of services to all our customers,” he added.



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100 Yen3.7526/7557
Sterling 5.3210/3258
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Not sure
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