Tag "PayNet"
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
Read More
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.
Read More
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
Read More
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,
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
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
Read More
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
Read More