DuitNow

DuitNow is a instant bank transfer service with a mobile front-end.

It allows customers to instantly transfer money to Malaysian mobile or NRIC (national registration identity card) numbers. Customer register once with DuitNow by linking their mobile and NRIC numbers to their bank account. To make a transfer, they log on to participating banks’ mobile or internet banking, select DuitNow, enter the recipient’s ID and confirm the transaction details.

The funds are sent instantly using Malaysia’s real-time Retail Payments Platform (RPP).

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Type Bank transfer
Company behind LPM Payments Network Malaysia Sdn Bhd
Market share details One of the top 3 methods of payment in Malaysia
Market relevance High
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