DuitNow AutoDebit
This service allows businesses to collect recurring payments based on consent given by customers.
With DuitNow AutoDebit AutoDebit, your customers are only required to provide a one-time consent that will allow you to collect payments on a recurring basis through their mobile, MyKad/passport, army/police, Business Registration or bank account number(s). DuitNow AutoDebit AutoDebit payments are to be collected from Current Account Savings Account (CASA), Line of Credit (LOC) Account and eWallet.Who is it for?
Individuals
Businesses
For Collections: Send a one-time consent request to customers for automated collections via customers’ mobile, MyKad or Business Registration number. For Payments: Similarly, you may set up AutoDebit by providing consent to your service providers.
Government
For Collections: Collect payments for tax, assessment, and other collections by send a one-time consent request to customers for automated collections via individuals MyKad or Business Registration number
How Does It Work
Businesses send a one-off consent request via their own channel (e.g., mobile app or website) to customers. At the same time, customers approve the consent request at their respective online banking or eWallet application.