DuitNow QR payments are set to go global following a renewed agreement between Payments Network Malaysia (PayNet) and Ant International, a global digital payment, digitisation and financial technology provider.
The partnership will allow Malaysians to use their e-wallets and banking apps at more than 100 million Alipay+ merchants worldwide.
The Memorandum of Understanding (MoU) was signed at Malaysia’s flagship fintech event, MyFintech Week 2025 in Kuala Lumpur, and witnessed by Bank Negara Malaysia Governor Dato’ Sri Abdul Rasheed Ghaffour.
The expanded collaboration covers four areas: driving tourism through cross-border digital payments, strengthening fraud defences with AI-powered security, talent development, and advancing sustainability.
Douglas Feagin, President, Ant International, said,
“Ant International is honoured to have been a contributor to Malaysia’s innovation and growth story for over a decade, thanks to the country’s visionary digital economy agenda and support of industry leaders like PayNet.
We are committed to deepening our investments and partnerships in Malaysia, to help strengthen its position as a key fintech hub in Southeast Asia, and drive inclusive growth in the region and beyond with world-class innovation and entrepreneurship.”
PayNet’s Group Chief Executive Officer, Farhan Ahmad, said,
“Ant International is a global payments leader and this next phase of our partnership demonstrates the strength of Malaysia’s national payment infrastructure and our ability to scale it globally.
Not only will this partnership drive global acceptance of our DuitNow payments, it is the beginning of a deep collaboration around reducing fraud, developing future-ready talent, and building a more inclusive, sustainable and resilient digital global payments ecosystem – one that benefits Malaysians at home and while travelling, as well as tourists visiting our country.”
Featured image: (From left) Farhan Ahmad, Group CEO, PayNet; Dato’ Sri Abdul Rasheed Ghaffour, Governor, Bank Negara Malaysia; Douglas Feagin, President, Ant International
