KUALA LUMPUR (June 13): Malayan Banking Bhd (Maybank) is expecting a 100% increase in the value of 'e-Duit Raya' transactions to RM2.7 million this year from RM1.3 million last year. In a statement today, Maybank said My Raya QR is the first peer-to-peer instant transfer service in Malaysia which enables Maybank App customers to instantly send and receive Duit Raya by scanning a QR code using their mobile devices. "We aim to make it easier to send and receive Duit Raya using a simple QR code. This new feature comes embedded in the new Maybank App," said Maybank. Maybank's head of community financial services Datuk Hamirullah Boorhan said the e-Duit Raya, e-Ang Pow and DeepaMONEY are now popular go-to services sought after by Maybank App users to send festive cash gifts to loved ones.

Source: The Edge Markets June 13, 2018 10:52 UTC