DuitNow and PayNow? Fully linked by 2022
In case you did not know, any tt transaction in Malaysia takes seconds at maximum. Feel free to check how FAST the tt transfers are in the UK or the US yeah. 😛 Stop thinking we are slower yeah.
Anyway, the good news is not just we are faster. We will be even more faster internationally with at least one country for a start. Malaysia’s DuitNow and Singapore’s PayNow will be linked in 2022. This is very good news yeah. The more linked, the less need for any intermediate currency yeah… The more direct, the better.
It’s foolish to trade between two countries and instead of using the currency of either country, these two countries needed to use another currency. Currency is for trade! It’s not for other country to use so that they could trade with another country which has got nothing to do with that intermediate currency! (yes… kept printing money too. sigh…)
Coming back to this good news. Please do read the following: