PayNet – BusinessCircleKL

• Local Malaysian startup, Fefifo, becomes the first AgriTech to collaborate with Payments Network Malaysia Sdn Bhd (PayNet) the national payments network and central financial infrastructure provider to digitalise B40 farmers and advance digital payments and financial inclusion • Online applications now open. Up to 100 B40 farmers in Malaysia stand to benefit. The pioneer batch of 10-20 farmers is being selected by the Department of Agriculture (DOA) in Penang • With PayNet, this collaboration incentivise B40 farmers to adopt cashless payments under Fefifo’s Farmer Digitalisation Programme and various support for Fefifo to scale operations for targeted segments in at least 4 states. PayNet is also assisting in funneling suitable cohorts. Discussions with 3 groups are underway - 2 students-led social enterprises from 2 public universities in Pahang and Johor as well as cohorts in Sabah from another PayNet-supported fintech • Fefifo’s Programme will equip B40 farmers with state-of-the-art farming techniques via easy to follow SOPs, digitalised ‘seed-to-sale’ approach with affordably priced farming supplies and 100% contractual offtake using Fefifo’s Magic Bean mobile app

Fefifo And PayNet Forge Partnership To Empower Malaysia’s B40 Farmers

April 15, 2024April 11, 2024Helen ChanLeave a Comment

AgriTech start-up, Fefifo (/fee-fai-fo/) announced that online applications are opened for eligible farmers from B40 communities in the country to undergo Fefifo’s Farmer Digitalisation Programme, powered by PayNet’s digital payments using Fefifo’s Magic Bean app. The Programme is part of a strategic collaboration forged with Payments Network Malaysia (PayNet), the national payments network and central […]

PayNet’s Go Cuba Bizappay with FPX Expands Digital Payment Access

November 14, 2023November 14, 2023EditorialLeave a Comment

PayNet (Payments Network Malaysia), in collaboration with BizApp and CommercePay, launched the ‘Go Cuba Bizappay with FPX’ campaign, a transformative initiative designed to bring digital payment solutions to the often-neglected suburban and rural communities in Malaysia. (Pic above – From left to right are BizApp CEO Mohd Taib Pardi, Commerce.Asia Group CEO Kuna Kathigesan, PayNet Chief Commercial Officer Gary Yeoh, BizApp Executive […]

• The partnership will expand cross-border payments acceptance at 1.8 million merchants in Malaysia with five leading Asian e-wallets as the first batch, and more to come in the following months • The partnership will enable all Malaysian mobile banking apps and e-wallets supported by PayNet to be accepted by Alipay+ merchants network globally • Both parties will also collaborate on Alipay+ advanced tourism marketing solutions to make it easy and comfortable to travel globally

Alipay+ Partners PayNet To Promote Seamless Payment

September 8, 2023August 31, 2023Helen ChanLeave a Comment

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. By the end of […]

PayNet released findings of a commissioned study on the payment behavior change of Malaysian consumers and businesses since the Covid-19 pandemic.

PayNet’s New Study Reveals Positive Payment Behavior Changes

April 15, 2022April 7, 2022Helen ChanLeave a Comment

Payments Network Malaysia Sdn Bhd (PayNet) released today the findings of a commissioned study to gauge the extent of payment behaviour change of Malaysian consumers and businesses since the Covid-19 pandemic. The inaugural ‘PayNet Digital Payments Insights Study 2022’ presents findings from a field study conducted in Q4 2021 to gain a deeper understanding of […]

Payments Network Malaysia Sdn Bhd has launched a three-month FinTech ePayment Accelerator Programme.

PayNet Announces FinTech ePayment Accelerator Programme 2022

February 25, 2022February 18, 2022Helen ChanLeave a Comment

Payments Network Malaysia Sdn Bhd (‘PayNet’) has launched a three-month FinTech ePayment Accelerator Programme which aims to support and advance high potential FinTech’s capabilities to further accelerate ePayments adoption in Malaysia. In line with PayNet’s mission to be a trusted enabler of inclusive and collaborative financial ecosystems, the Programme focuses on ideas/solutions that can address […]

Standard Chartered Malaysia expands new payment collection service for Internet and Mobile Banking.

Standard Chartered Malaysia Expands Payment Collection Service

June 21, 2021June 18, 2021Helen ChanLeave a Comment

Payments Network Malaysia (PayNet) has expanded the services of DuitNow ecosystem to include DuitNow Request, a service that allows a payee to send an electronic request to collect payment from a payer either through mobile or MyKad number with Standard Chartered Malaysia becoming the first bank to adopt this collection service. Their customers can now […]