RHB has announced they are the first bank in Malaysia that let businesses accept DuitNow Pay through its RHB PAY platform. It’s also the only bank offering both online and recurring payment acceptance through DuitNow Pay, which gives it a strong pitch for businesses that want to keep up with how Malaysians pay.
DuitNow Pay is run by PayNet, the national payments network provider, and it works in two ways. DuitNow Online Banking/Wallets lets customers pay online using their preferred participating bank or e-wallet right at checkout. DuitNow AutoDebit handles recurring collections, so a customer gives one-time authorization for things like subscriptions, membership fees, and monthly bills, and the merchant collects future payments under the agreed terms.
Merchants can also move over from existing FPX and DirectDebit arrangements, and every collection is credited directly into their RHB account.
This builds on RHB PAY, the bank-owned unified online payment gateway that launched in August. With a single integration, merchants can accept card payments, FPX, and DuitNow Pay, with funds settled into RHB accounts in real time. Automated reconciliation helps cut administrative work, improve accuracy, and give businesses clearer visibility of incoming payments and cash flow.
RHB also supports invoice payments through DuitNow Request to Pay and is among the first banks to let businesses build it directly into their billing systems, so payment requests with invoice details go out through participating banking apps with less manual work and fewer errors.
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