Payments Network Malaysia Sdn Bhd (PayNet) and banks must continue to be pressured until the waiver for merchant discount rate (MDR) fees charged through DuitNow QR transactions is made permanent, said MCA president Wee Ka Siong.

Wee, in a Facebook post today, asserted that PayNet and banks will grant MDR waivers to merchants for DuitNow QR payments if they are pressured by stakeholders.

“The profits of the banks are already very high...