Beginning September, 12 highways will employ the open payment system, which enables drivers to pay tolls with debit and credit cards.
The 12 highways are the Penang Bridge (JPP), New Pantai Motorway (NPE), Sungai Besi Motorway (Besraya), Guthrie Corridor Motorway (GCE), and Butterworth-Kulim Motorway (BKE), Kuala Lumpur-Putrajaya Motorway (MEX), Duta-Ulu Klang Motorway (DUKE), Shah Alam Motorway (Kesas), Western Kuala Lumpur Traffic Dispersal Scheme (SPRINT), Damansara-Puchong Motorway (LDP), and SMART Tunnel, according to Works Minister Datuk Seri Alexander Nanta Linggi.
Scam operations by numerous fraudsters throughout the city are on the rise and according to Deputy Finance Minister Datuk Seri Ahmad Maslan, using debit cards to make payments at cashless parking lots seems neither reliable nor secure.
The use of debit cards might be easily manipulated using malware software, a program designed to damage, exploit, or otherwise disrupt a computer, including providing illegal access to specific data.
Public transportation users can now breathe a sigh of relief as the implementation of debit and credit cards are now in the works.
Transport Minister Anthony Loke said this system is expected to be active in the next few months. He also mentioned that he has ordered all their agencies to adopt this open payment system.
LRT users now only have two options which is Touch ‘n Go or buying a token from the vending machine which if you ask me, is kind of outdated. For Touch ‘n Go to be around since 1997, with no major updates, it’s time the public get other payment options as the financial world is moving forward.
Everything now is being modernised and this debit card/credit card system is something that will make things easier for the public as they do not have to worry about topping up their Touch ‘n Go or waiting in line to buy a token.
For those hesitant to change, there’s good news as the credit and debit card system will complement the existing Touch ‘n Go system rather than have it replace the older system entirely.
Ever since petrol stations began accepting payments electronically, using credit cards or debit cards are the pumps, motorists have enjoyed greater convenience when refuelling. While the use of credit cards has not required a ‘hold’ of RM200 on the related account, those who use a debit ATM card from a bank are subjected to this inconvenience for up to 3 days. That’s certainly an unnecessary burden, especially for a motorcyclist who may buy just RM2 of fuel.
MyDebit and the 22 participating banks are putting consumer interests first by doing away with this practice. Related to this initiative, Payments Network Malaysia Sdn Bhd (PayNet) has announced a collaboration with Petron to accept payments using ATM cards at all Petron station self-service fuel pumps with no RM200 hold.
“With 42 million ATM cards in circulation, virtually every customer carries an ATM card which they can use to pay for their fuel purchases,” said Peter Schiesser, Group CEO of PayNet, the operator of the MyDebit card scheme. “As Malaysia’s national debit card scheme, our priority is the rakyat. MyDebit is the only card scheme in Malaysia that does not hold RM200 at petrol pumps.”
“When a petrol chain accepts MyDebit payments, consumers can select the amount of fuel that they wish to purchase and only that amount is blocked during fuelling. If consumers refuel less than the amount selected at the start, all excess amounts are credited back to their bank accounts immediately after fuelling is done,” explained Mr. Schiesser.
Motorcyclists especially will be happy that there is no RM200 ‘hold’ for 3 days when they purchase just a few ringgit of petrol.
The announcement was made in conjunction with the launch of ‘FUEL-YoooH MyDebit Je with your ATM Card!’ recently at a Petron station in Bandar Baru Kulim, Kedah. The move, which supports the government’s aim to develop a cashless society, enables Petron customers easier, faster, more seamless and convenient cashless payment using their ATM cards at the fuel pumps.
To commemorate the roll-out of MyDebit ATM Card at Petron stations, PayNet and Petron have a campaign that rewards motorists who use their ATM cards for fuel purchases. Until March 13, 2020, any fuel purchases at Petron pumps using ATM cards issued by banks in Malaysia with a minimum spend of RM5 will provide a chance to win prizes that include 2 Grand Prizes of Proton X70 SUV. Besides a total of 84 prizes, there are also four RM500 Petron Gift Cards to be won weekly.
