UnionPay International (UPI) and Bank Simpanan Nasional (BSN) have partnered to introduce UnionPay QR payment in Malaysia during the first half of 2025.
The collaboration aims to enhance the country’s digital payment ecosystem while providing more seamless payment options to consumers.
As one of Malaysia’s largest debit card issuers, with over six million cards in circulation, BSN is strengthening its position in the digital payment landscape by expanding its portfolio to include UnionPay QR payment.
With this partnership, BSN will also join UnionPay as a member, alongside Visa, Mastercard, and MyDebit, further broadening its range of payment system operators.
The inclusion of UnionPay QR payment will enable BSN customers to make secure domestic and international transactions.
As a Development Financial Institution (DFI), BSN plays a critical role in advancing Malaysia’s financial inclusion agenda, making this collaboration particularly significant.
The integration also supports small businesses and SMEs by promoting the adoption of cashless payment solutions.
Dr. Jian Jiangtao, Regional Head of UnionPay International (Southeast Asia), said,
“We are thrilled to embark on this strategic collaboration with BSN, a leading Development Financial Institution in Malaysia. This partnership allows us to expand our digital payment solutions while contributing to the growth of Malaysia’s digital payment ecosystem.
With this virtual QR Pay solution, consumers will benefit from greater convenience, security, and control over their spending, enhancing their financial experiences, especially during cross-border travel.”
Jay Khairil, Chief Executive of BSN said,
“The QR payment solution enables customers to transact effortlessly across UnionPay’s extensive network, including China and other participating countries.
BSN’s facilitation of QR Pay acceptance amplifies our commitment to supporting micro-businesses and SMEs in adopting cashless payment solutions.”
