“Account” means an E-money account offered by issuers of E-Money and all types of deposit accounts offered by banks, except for fixed deposit accounts. This shall include, but is not limited to, all types of conventional and/or Islamic savings accounts, current accounts, investment accounts, virtual internet accounts, and/or line of credit accounts tied to payment cards.
“Business Day” means any calendar day from Monday to Friday on which banks in the Federal Territory of Kuala Lumpur are open for banking business, except a public holiday or bank holiday in Kuala Lumpur.
“Dynamic QR” means a QR Code that is generated on-demand and usually has an expiry. Dynamic QR generally requires the Merchant or Recipient to key-in the amount of the payment or credit transfer.
“E-Money” means a payment instrument that stores funds electronically in exchange for funds paid to the issuer of E-money and is able to be used as a means of making payment to any person other than the issuer of E-money.
“Merchant” means individuals, businesses including sole proprietors, partnerships and companies registered with the Companies Commission of Malaysia, government agencies, statutory bodies, societies and other similar legal entities.
“DuitNow QR” means a service which facilitates industry wide ubiquitous payments or credit transfer by scanning the QR Code which complies with DuitNow National QR Standard.
“DuitNow QR Operator” means Payments Network Malaysia Sdn Bhd (Registration No.: 200801035403 (836743-D)).
“QR Code” means a two-dimensional barcode that can be read using the camera of a smartphone or mobile device that is equipped with QR reader.
“Recipient” means an individual who receives funds via the DuitNow QR service.
“Static QR” means a QR Code that is pre-generated for display and usually has no expiry. Static QR generally requires the individual to key-in the amount of the payment or credit transfer.
“Personal Data” means any information in respect of commercial transactions that relate directly or indirectly to a customer, who is identified or identifiable from that information which includes, without limitation, the customer’s name, address, identification card number, passport number, banking information, email address and contact details.