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LEMON BLOG

No SST for Everyday Banking: Transfers, E-Wallets, and ATM Fees Remain Exempt

If you've been worried about getting taxed for withdrawing cash or using your e-wallet, rest easy—basic banking services will not be affected by the expanded Sales and Service Tax (SST). That's the official word from Malaysia's key banking associations, who issued a joint clarification on 26 June 2025 to clear up confusion surrounding the SST expansion.

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PayNet Teams Up with Alipay+ and Weixin Pay to Make Spending Easier for Tourists in Malaysia

As Malaysia gears up for the peak travel season, tourists from China and across Asia are getting a more convenient way to spend—without ever needing to exchange cash. Payments Network Malaysia (PayNet) has partnered with two major digital wallet giants—Alipay+ and Weixin Pay (WeChat Pay)—to roll out seamless QR code payments nationwide through Malaysia's national DuitNow QR platform.

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Grab’s Ecosystem Boosts Malaysia’s Economic Growth

A recent report by EconWorks, a local economic consultancy, highlights the significant impact of Grab's services on Malaysia's economy. In 2023 alone, Grab contributed RM9.9 billion, accounting for approximately 0.5% of the nation's Gross Domestic Product (GDP).

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