Tag "PayNet"

Hong Leong Has Implemented Cashless Ecosystems at 16 Kota Kinabalu Schools

Hong Leong Bank announced that its ‘HLB@School’ programme has rolled out cashless ecosystems for 16 schools in Kota Kinabalu to date. The programme provides cashless payments, digital banking tools and financial infrastructure to schools and students. The students of these

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Local Boost Merchants Can Now Accept DuitNow QR Payments From Thai Tourists

Axiata Group’s fintech arm Boost has partnered with the Payments Network Malaysia (PayNet), the national retail payments network infrastructure, to enable its merchants to accept cross-border payments from tourists from Thailand via its DuitNow QR. Tourists will only need to

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Touch ‘n Go Partners With PayNet to Launch Cashless Initiative in Kedah

Touch ‘n Go (TNG) Group has partnered with the Payment Network Malaysia (PayNet) to launch the ‘Mai Kita Cashless’ campaign for merchants and consumers at the Pasar Tani Kekal in Changlun, Kedah. They are encouraged to change their business operations

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Hong Leong Partners PayNet to Turn Sekinchan Into the First Cashless Village

Hong Leong Bank (HLB) has formed a partnership with Payments Network Malaysia (PayNet) to roll out its first ‘Project Cashless Kampung’ in Sekinchan, Selangor. This project aims to push for financial inclusion by ensuring all 24,000 Sekinchan residents have access

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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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