PayNet - News, Articles & Research

Company announcement/payments

Alipay+ and PayNet to promote seamless payment for inbound and outbound Malaysian travellers

More Asian travellers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will be able to pay with e-wallets of their home country abroad, thanks to a MOU signed recently between Payments Network Malaysia Sdn Bhd (PayNet) and Ant Group.

29 August 2023

Company announcement/payments

UnionPay and Malaysia's PayNet promote cross-border QR linkage

Today, UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia's national payments network jointly signed an agreement in Shanghai to promote the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions) and Chinese-mainland bank apps connected to the UnionPay App Network Payment Platform at the QR merchants in Malaysia.

09 August 2023

Company announcement/payments

Paynet taps Clear Junction for cross-border payments

Clear Junction (London, UK) has today announced it is providing solutions to Paynet which helps to facilitate its vision for cross-border payment services, specifically from Europe into Moldova.

29 November 2021

Company announcement/payments

Malaysia's Hong Leong Bank introduces Tap on Phone payments

In an effort to further assist small and medium enterprises (“SME”), especially the micro and smaller businesses as well as traders, adapt to the post-Movement Control Order (“MCO”) and COVID-19 era, Hong Leong Bank (“HLB” or “the Bank”) has introduced Hong Leong Bank Tap On Phone, a new contactless mobile payment acceptance service using Android mobile devices to seamlessly accept card payments.

16 September 2020

Company announcement/retail

Equifax buys PayNet

Equifax Inc., (NYSE: EFX) a global data, analytics and technology company has acquired PayNet, a company that provides commercial credit risk underwriting and management solutions to online and alternative finance lenders, and commercial finance and leasing companies in the U.S. and Canadian markets.

25 April 2019

News

Malaysia contracts with ACI Worldwide for real-time payments platform

Malaysia is to implement a real-time payments network with the potential for cross-border P2P links to Thailand and Singapore.

13 November 2017