KUALA LUMPUR, 16 January 2020 – Payments Network Malaysia Sdn Bhd (PayNet) collaborates with Petron to accept payments using ATM cards at all Petron petrol station’s self-service fuel pumps without blocking RM200.
“MyDebit is the only card scheme in Malaysia that does not hold RM200 at petrol pumps. When a petrol chain accepts MyDebit payments, consumers can select the amount of fuel that they wish to purchase and only that amount is blocked during fuelling. If consumers refuel less than the amount selected at the start, all excess amounts are credited back to their bank accounts immediately after fuelling is done,” said Peter Schiesser, Group Chief Executive Officer of PayNet, the operator of the MyDebit card scheme.
Holding RM200 for up to 3 days even when a motorcyclist fills RM2 of fuel is a burden. MyDebit and the 22 participating banks are putting consumer interests first by doing away with this practice.
To commemorate the roll-out of MyDebit ATM Card at Petron stations, PayNet and Petron launched a campaign to reward motorists who use their ATM cards for fuel purchases.
Any fuel purchases at Petron petrol pumps using ATM cards issued by banks in Malaysia with a minimum spend of RM5 from 12 December 2019 until 13 March 2020 provides an entry to a contest to win up to 84 prizes including 2 grand prizes of Proton X70. There are also 4 weekly winners of RM500 Petron Gift Cards.