Tag "PayNet"

DuitNow to Enable ShopeePay Users to Transfer Funds to Banks and Other E-Wallets

Payments Network Malaysia (PayNet) and Shopee announced a collaboration that will make ShopeePay the first eWallet of an e-commerce platform to join the DuitNow eco-system which PayNet operates. DuitNow is intended to serve an interoperable infrastructure between e-wallet players and

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Cyberjaya is The First City to Adopt Malaysia’s National QR Payment Standard DuitNow QR

Finance Minister Lim Guan Eng today launched the Cashless Ecosystem for Cyberjaya, a collaboration between Cyberview and PayNet. In a media statement issued to Fintech News Malaysia, Najib Ibrahim, Managing Director of Cyberview shared that Cyberjaya will be the first

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PayNet Teams up With NETS to Enable Cross Border Debit Card Payments, QR Payments is Next

PayNet and it’s Singaporean counterpart NETS announced today the launch of a real-time cross-border payments using MyDebit ATM cards in Singapore and vice versa. Currently, MyDebit cards are accepted through the NETS network of merchants at Bugis Village which is,

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GrabPay Becomes First E-Wallet in Malaysia to Adopt DuitNow QR

PayNet and Grab jointly announced today that GrabPay has adopted Malaysia’s national QR payments standard, DuitNow QR; making GrabPay the first e-wallet in Malaysia to do so. This news follows Public Bank’s adoption of DuitNow QR earlier this June. DuitNow

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GHL Enables Singaporeans to Use Their Debit Card Scheme NETS in Malaysia

Singaporeans visiting Malaysia will now be able to make card payments using NETS ATM cards thanks a recent collaboration between Paynet and NETS. Currently, the payment acceptance for the NETS scheme is available to cards issued by Singaporean banks like

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The Dark Side of Malaysia’s Quest into a Cashless Society

It’s no secret that Malaysia is gung-ho about cashlessness. Bank Negara Malaysia itself expressed as much, within the policies and guidelines outlined in their Interoperable Credit Transfer Framework (ICTF), and which PayNet, the system underlying much of payments and banking in

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4 Big New Features You Can Expect from Your E-Wallets in 2019

PayNet Malaysia handles much of the underlying network for payments and banking in Malaysia. Owned by both Bank Negara Malaysia and a consortium of banks. The once controversial DuitNow launched by many Malaysian banks is one facet of the relationship between

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PayNet & Soft Space To Enable Card Payments Acceptance Using Only Smartphones

Malaysians will soon be able to enjoy a new payments service that was made possible thanks to a partnership between payment company Soft Space and Malaysia’s national payments network PayNet. Dubbed as Fasstap, businesses will be able to use any

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5 Misunderstandings About PayNet’s DuitNow—Answered

Here’s where we stand on this DuitNow function that was launched by PayNet, and will be adopted by 44 banks by 6th December 2018—honestly this should have happened much sooner, and it is a step in the right direction towards

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