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FX live, 150 of 153 currencies refreshed 27 Sept 2026 from open.er-api.com (exchangerate-api.com). The remainder use a seeded reference rate.
PayNet · launched 2018
Malaysia's instant transfer and QR scheme, operated by the national payments network.
Representative of this rail in this market. Directionally useful, but not a quotable rate, confirm with the provider. Source: Market estimate; QR merchant fees are capped low by the operator.
Market
In force since 16 Jul 2022
0.25% effective
−10.1% relative · from 0.28%
−27.0% relative · 4 revisions
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Every recorded change, newest first, with the movement from the rate it replaced.
16 Jul 2022 → current
30 Mar 2021 → 16 Jul 2022
Scheme operator revised participant pricing.
25 Mar 2020 → 30 Mar 2021
PSP margin compressed as volume scaled.
Online pricing across every country where this method is available, with the cost on a MYR 100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
| Malaysia | 0.25% | MYR 0.25 | 0.25% | 16 Jul 2022 | Estimate |
1 Jan 2019 → 25 Mar 2020