An overseas transaction conversion fee is a common charge imposed by financial institutions when a consumer uses electronic payment to make a purchase in a foreign currency. Since 25 April 2024, a 1% overseas transaction conversion fee will be included in the daily exchange rate of your travel destination when you pay using Overseas QR Payment via your eWallet.
Here’s how the fee structure and calculation work:
| Location | Item cost | Exchange rate before the 1% conversion fee | Exchange rate with 1% conversion fees | Amount to pay |
| China | CNY100 | 0.670131 | *0.67690 | RM67.69 |
*Calculated based on the exchange rate as of 19 April 2024