SINGAPORE: Forgotten to bring enough Malaysian ringgit after crossing the Causeway? You can pay via a UnionPay QR code when travelling to Malaysia and other tourist destinations.
A UnionPay spokesman said on Friday that its QR code is accepted at over 150,000 merchant terminals across Malaysia.
A spokesman for DBS said on Saturday that this includes petrol stations, supermarkets and popular Johor Bahru shopping centres like Paradigm Mall, KSL Mall and The Mall Mid Valley Southkey.
The financial services company said that the UnionPay QR code is used in over 40 million merchants in 45 markets worldwide, including many popular destinations like Australia, China, Hong Kong, Japan, Korea, Thailand and Vietnam.
When paying through the QR code while overseas, the currency conversion will automatically be done through the DBS Paylah! A bank spokesman said on Saturday that the conversion will be based on the prevailing wholesale interbank rates or the government-mandated rate, as determined by UnionPay.
Users will be able to view the exchange rate on the PayLah! The app, under the Review Transaction'' page, is where you can make payment. DBS said that its rates are competitive in regard to its cut of the conversion.