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and
Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. PayNet is Malaysia's premier payments network and central infrastructure for financial markets.
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involved as a special observer. The platform, which is expected to go live by 2026, will interlink domestic fast payment systems of the member countries.
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on 30 June 2024 as founding member of
Project Nexus, a multilateral international initiative to enable retail cross-border payments.
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284:(BNM) owns a majority share in PayNet, along with eleven other local financial institutions as joint shareholders.
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PayNet was formed on 1 August 2017 from the merger of MEPs and My Clear.
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Level 8, Menara
Southpoint @ Mid Valley City, Medan Syed Putra Selatan,
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484:"RBI, four Asean countries tie up for cross-border payments platform"
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385:– Instant account-to-account payment across participating banks and
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declared on August 20, 2024, that his country intends to link its
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The company's current service portfolio includes the following:
274:’s financial markets. It was formed from the merger between the
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363:– The national cheque clearing system of Malaysia.
336:Following talks with Malaysian Prime Minister
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369:– A payment scheme for paying utility bills
241:Malaysian Electronic Payment System Sdn Bhd
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276:Malaysian Electronic Payment System (MEPS)
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410:National Payments Corporation of India
399:scheme, a contactless payment method.
7:
459:"About PayNet | Corporate Profile"
332:International fast payment linkage
302:Bank for International Settlements
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264:Payments Network Malaysia Sdn Bhd
17:Payments Network Malaysia Sdn Bhd
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508:Das, Mehul Reuben (2024-08-20).
243:MEPS Currency Management Sdn Bhd
22:
482:Kawale, Ajinkya (1 July 2024).
318:Monetary Authority of Singapore
1084:Armed Forces Financial Network
1:
1332:Payment systems organizations
415:MAS Electronic Payment System
1044:European Payments Initiative
925:Allied Irish Banks Banklink
314:Bangko Sentral ng Pilipinas
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1322:Payment service providers
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1049:Single Euro Payments Area
346:Unified Payment Interface
304:signed an agreement with
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1079:Alberta Regional Network
1019:(Bosnia and Herzegovina)
340:, Indian Prime Minister
306:Central Bank of Malaysia
767:Dutch Bangla Bank Nexus
35:Private limited company
803:Saudi Payments Network
809:Shetab Banking System
322:Reserve Bank of India
75:; 7 years ago
1145:Accel / The Exchange
955:Bankcard-Servicenetz
348:(UPI) with PayNet.
282:Bank Negara Malaysia
186:Bank Negara Malaysia
1337:Banking in Malaysia
815:The Benefit Company
375:– A direct-to-bank
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1017:BH Mreža bankomata
583:Interbank networks
174:Financial services
73:1 August 2017
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1039:Euronet Worldwide
488:Business Standard
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1104:Discover Network
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996:(United Kingdom)
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1099:Co-op Solutions
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531:External links
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342:Narendra Modi
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338:Anwar Ibrahim
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296:Project Nexus
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769:(Bangladesh)
660:(Bangladesh)
517:. Retrieved
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491:. Retrieved
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442:. Retrieved
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237:Subsidiaries
95:Kuala Lumpur
88:Headquarters
31:Company type
1262:A Toda Hora
1258:(Argentina)
1184:Cardtronics
972:Carte Bleue
867: [
855: [
843: [
830: [
781:(Sri Lanka)
748:(Hong Kong)
711:(Singapore)
681:ATM Bersama
677:(Indonesia)
230:Bank Rakyat
198:Public Bank
107:Area served
51:Predecessor
1316:Categories
1264:(Colombia)
1155:First Data
1007:(Portugal)
1005:Multibanco
960:Cash Group
951:(Germany)
937:Bancontact
799:(Malaysia)
741:Nationlink
666:(Pakistan)
635:Multicaixa
547:duitnow.my
519:2024-08-21
468:2023-03-17
444:2023-03-17
421:References
393:DuitNow QR
320:, and the
222:Bank Islam
214:Affin Bank
162:DuitNow QR
119:Key people
80:2017-08-01
1274:GlobalNet
1270:(Uruguay)
1201:Interlink
1150:MoneyPass
1013:(Finland)
978:KoronaPay
939:(Belgium)
927:(Ireland)
817:(Bahrain)
654:(Armenia)
591:Worldwide
585:by region
537:paynet.my
514:Firstpost
463:paynet.my
387:E-wallets
202:CIMB Bank
1300:Category
1252:(Brazil)
1189:Allpoint
1074:Acculink
1034:Eufiserv
1000:Vocalink
989:Sbercard
980:(Russia)
974:(France)
965:CashPool
949:Girocard
943:Currence
931:Bancomat
894:CashTree
880:Euronet
821:UnionPay
779:LankaPay
775:(Israel)
773:Isracard
637:(Angola)
404:See also
352:Services
272:Malaysia
194:RHB Bank
170:Services
138:Products
112:Malaysia
100:Malaysia
41:Industry
1282:(Chile)
1280:Redbanc
1256:Banelco
1227:Oceania
1208:Presto!
1174:Interac
1054:TARGET2
933:(Italy)
889:Cashnet
884:(India)
836:(Japan)
823:(China)
730:BancNet
715:EZ-Link
704:ATM BNI
695:ATM BCA
631:(Egypt)
383:DuitNow
288:History
248:Website
190:Maybank
159:DuitNow
153:MyDebit
78: (
70:Founded
62:MyClear
1276:(Peru)
1268:Banred
1234:EFTPOS
1213:SHAZAM
1140:fiserv
1094:CarIFS
918:Europe
811:(Iran)
797:PayNet
700:Treats
622:Africa
603:Cirrus
493:2 July
367:JomPAY
361:eSPICK
268:PayNet
253:paynet
206:AmBank
181:Parent
150:JomPAY
144:eSPICK
93:59200
1218:Zelle
1197:Visa
1109:Pulse
1011:Otto.
909:RuPay
882:BANCS
876:Yucho
871:]
859:]
852:LONGS
847:]
840:BANCS
834:]
790:CEFTS
785:SLIPS
762:JETCO
746:CHATS
720:MEPS+
691:PRIMA
664:1LINK
658:BEFTN
613:SWIFT
1160:STAR
1128:NYCE
1114:TYME
994:Link
899:MITR
887:FIS
864:MICS
725:NETS
686:Link
675:ALTO
670:MNET
652:ArCa
645:Asia
608:Plus
495:2024
300:The
58:MEPS
1179:NCR
1165:MAC
1133:SUM
1123:FIS
1089:ATH
984:Mir
904:NFS
827:ACS
757:FPS
752:EPS
736:ENS
709:atm
629:123
598:CLS
373:FPX
255:.my
156:FPX
128:CEO
1318::
869:ja
857:ja
845:ja
832:ja
512:.
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395:–
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266:(
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
