In an effort to speed up the process of going cashless, Bank Negara Malaysia has made some changes to the service fees for Instant Transfer transactions for individuals and small-medium enterprises (SMEs).
If you’ve been on Facebook recently, you’ve probably seen a post of an infographic that was published in a local daily about electronic pick-pocketing. The infographic suggests that criminals can use smartphones and other NFC-enabled devices to steal card information, at times, without you even knowing it. Then, they can use that information to make transactions “without authorisation” as well as “clone cards”.
Well, we did some digging and here are 5 reasons why that’s simply untrue.