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Singaporeans can now use their Nets ATM cards to make payments in Malaysia at more than 7,400 points across tourist and retail hot spots in Johor Baru, Melaka, Kuala Lumpur and Penang.
Likewise, Malaysia’s PayNet MyDebit ATM cards can be used at about 500 spots in Singapore.
Nets and its Malaysian counterpart, PayNet, launched their cross-border payments service yesterday. They had embarked on a pilot last November, which saw an initial 4,500 points in Johor Baru accepting Nets payments.
Nets said yesterday that the use of these cards in Malaysia will not incur any currency conversion fees, and card holders will enjoy competitive exchange rates.
The e-payments provider has not made available a list of all the locations in Malaysia where Singaporeans can use their Nets cards, but said many of these shops can be found in popular shopping malls such as Sunway Pyramid in KL and Mahkota Parade in Melaka. Over 100 shops in JB City Square mall, where Nets held its launch event yesterday, accept Nets payments.
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