My fellow Democrats, I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.
Regarding the DuitNow QR fees, many people said "Just a tiny 0.25% fees only".
That's what bankers love to hear.
Imagine this scenario......
Let's say I buy some pisang goreng, the pisang goreng boss pays 0.25% fees to the bank.
He then buys groceries from supermarket, the supermarket pays 0.25% fees to the bank.
The supermarket boss then goes to a restaurant, the restaurant pays 0.25% fees to the bank.
The restaurant boss goes for car wash, the car wash boss pays 0.25% fees to the bank.
The car wash boss buys some clothes for his wife, the fashion store lady boss pays 0.25% fees to the bank.
Then she goes for a haircut, then...another 0.25%...
The "money" moves around electronically from places to places.
Along the way, The banks will absorb 0.25% fees from EVERY SINGLE TRANSACTION of our daily life.
In other words, we are transferring the wealth from common folks to the bankers.
Now, do you still think "Oh just 0.25%, tiny fees only lah"?