Malaysia's petrol retailers told to accept credit cards

Malaysia's petrol retailers told to accept credit cards
Tags: C-stores, Return on Investment, Transaction Processing
October 17, 2005

ePaynews.com: Malaysia's banks and petroleum retailers have been asked by government officials to resolve a proposed boycott of credit card acceptance at fuel stations after next month's Hari Raya holiday. Earlier this month, the 2,700-member Petroleum Dealers Association of Malaysia threatened to boycott credit card transactions at their stations in protest at high bank charges that eroded their profit-making potential. Banks argue that they are trying to recoup investments made for the migration to chip cards.