Tag "PayNet"

PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer

Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief

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PayNet Launches Digital Payments Accelerator With Grants up to RM500,000

Payments Network Malaysia (PayNet) has launched the Fintech ePayment Accelerator Programme which aims to support and advance startups focused on that segment. The three-months programme focuses on ideas and solutions that can help accelerate the adoption of digital payments in

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China Construction Bank Malaysia Inks MoU With PayNet for Cross Border QR Payments

China Construction Bank (Malaysia) (CCBM) has signed a Memorandum of Understanding (MoU) with Payments Network Malaysia (PayNet) for collaboration on real-time cross-border QR payments between Malaysia and China. This will give more options for consumers and merchants in the cross-border

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Razer Ties up With PayNet to Power Tap-on Phone Services for Merchants

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Payments Network Malaysia (PayNet) to launch the MyDebit Tap-On-Phone (TOP) feature on the RMS Virtual Terminal (RMS VT) mobile application. Through the RMS and PayNet collaboration, merchant

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Fave Rolls Out DuitNow QR Offering for Its 6 Million Users

Fave, Southeast Asia’s payments app, has emerged as another non-bank participant to offer DuitNow QR, Malaysia’s national QR standard to merchants in the country. This move was made possible through a partnership with the Payments Network Malaysia (PayNet). The introduction

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PayNet Appoints Soft Space’s FassPay as Third Party Acquirer

PayNet, the national payments network and shared central infrastructure for Malaysia’s financial markets, has appointed FassPay, a subsidiary Soft Space, to be a third-party acquirer (TPA) for MyDebit, the nation’s domestic debit card scheme. This appointment allows Fasspay to acquire

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Boost Now Supports DuitNow QR Payments

Homegrown e-wallet Boost announced that it is now part of the PayNet Real Time Retail Payment Platform (RPP) and will adopt DuitNow QR, effective today. DuitNow QR is Malaysia’s national QR code standard established by Payments Network Malaysia (PayNet) under

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PayNet Signs on Revenue to Develop Secure Payment Tokenisation

Payment solutions provider Revenue has secured a contract for the provisioning of the MyDebit tokenisation platform (TSP) for Payments Network Malaysia (PayNet). To formalise the deal, the company’s subsidiary Revenue Secure had signed an agreement with PayNet for the contract.

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Hong Leong Rolls Out Smartphone Payment Terminals Powered by PayNet & Soft Space

Hong Leong Bank announced today the roll out of its “Hong Leong Tap on Phone” solution, which enables Android mobile devices to be used a card payment acceptance device. This new contactless feature is made possible through a partnership with

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BigPay is The Latest to Join PayNet’s Universal DuitNow QR

BigPay,  announced today its participation in the DuitNow eco-system operated by Payments Network Malaysia (PayNet).  BigPay users will soon be able to use DuitNow for instant domestic money transfers. In addition, BigPay customers will be able to use DuitNow QR,

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