Tag "Payments Network Malaysia (PayNet)"

PayNet Rolls Out Cashless Payments at 46 Bazaar Ramadhan Nationwide

Payments Network Malaysia Sdn Bhd (PayNet) is gearing up to introduce its Cashless Bazaar Ramadhan campaign, aimed at fostering the adoption of cashless payments among MSMEs in seven states throughout Malaysia. This initiative, designed to make cashless transactions the go-to

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PayNet Launches ‘MY TouristPay’ App with DuitNow QR Payments for Malaysia’s Visitors

Payments Network Malaysia (PayNet) announces the launch of ‘MY TouristPay App’, an application designed to facilitate seamless payments for tourists in Malaysia. This app allows international travellers to make payments using the DuitNow QR network without needing a Malaysian bank

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PayNet Collaborates with Paywatch to Roll Out Earned Wage Access Solution

PayNet, Malaysia’s national payments network and financial market utilities provider, has formed a partnership with Paywatch, a bank-backed earned wage access solutions provider, to offer an advanced flexible payroll solution to its workforce. This collaboration allows PayNet employees to instantly

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PayNet’s MEEA Spotlights Collaboration, Innovation, Customer-Centricity

On August 16, 2023, Payments Network Malaysia Sdn Bhd (PayNet) hosted the annual Malaysia Excellence in E-Payments Awards (MEEA) to recognise and celebrate the efforts of PayNet’s ecosystem of banks, non-bank participants, businesses, and government agencies for their contributions to

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Where Does Malaysia’s Digital Payment Ecosystem Go From Here?

The rapid adoption of digital payments has revolutionized how we make transactions, offering benefits such as speed, affordability, and seamless experiences. This shift towards digital payments is not limited to domestic markets but has extended to cross-border transactions, with the

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What’s PayNet’s Vision for Malaysia’s Digital Payments?

Digital payments have emerged as a transformative force in the financial landscape, revolutionizing how people transact and interact with money. As technology continues to advance and consumer preferences shift, the future of digital payments holds immense potential for growth and

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Industry Leaders Weigh In on the Future of Digital Payments

The digital payments industry has witnessed significant growth and transformation in recent years, driven by technological advancements, changing consumer behaviour, and evolving regulatory landscapes.  To explore the path forward, a panel discussion was held during the Everything Payments Summit as

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Gary Yeoh Joins PayNet as CCO After Hops at Fave and Atome

Malaysian payments network and infrastructure provider PayNet has appointed Gary Yeoh as its new Chief Commercial Officer. The new appointment to oversee PayNet’s commercial operations follows an eventful year for Yeoh, a veteran of the Malaysian payments scene who had

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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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BNM and PayNet Joins Project Nexus for Faster, Cheaper Cross-Border Payments

Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will be participating in Project Nexus by collaborating with international partners on a proof-of-concept (PoC) to improve the cost and speed of cross-border payments. Project Nexus will explore the feasibility of

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