Global Information Lookup Global Information

Payments Network Malaysia information


Payments Network Malaysia Sdn Bhd
Company typePrivate limited company
IndustryPayment system
Predecessor
  • MEPS
  • MyClear
Founded1 August 2017; 6 years ago (2017-08-01)
HeadquartersTower 2A, Avenue 5, Bangsar South, 8 Jalan Kerinchi,
59200 Kuala Lumpur
,
Malaysia
Area served
Malaysia
Key people
  • Farhan Ahmad (CEO)
Products
  • eSPICK
  • Interbank GIRO
  • JomPAY
  • MyDebit
  • FPX
  • DuitNow
  • DuitNow QR
ServicesFinancial services
ParentBank Negara Malaysia
Maybank
RHB Bank
Public Bank
CIMB Bank
AmBank
Hong Leong Bank
Affin Bank
Alliance Bank
Bank Islam
Bank Muamalat
Bank Rakyat
SubsidiariesMalaysian Electronic Payment System Sdn Bhd
MEPS Currency Management Sdn Bhd
Websitepaynet.my

Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017.[1] PayNet is Malaysia's premier payments network and central infrastructure for financial markets.

Bank Negara Malaysia (BNM) owns a majority share in PayNet, along with eleven other local financial institutions as joint shareholders.[2]

  1. ^ "Merger of MyClear and MEPS – Strengthening Malaysia's Payments Infrastructure to Accelerate Migration to E-Payments – Bank Negara Malaysia". www.bnm.gov.my. Retrieved 2023-03-17.
  2. ^ "About PayNet | Corporate Profile". paynet.my. Retrieved 2023-03-17.

and 24 Related for: Payments Network Malaysia information

Request time (Page generated in 0.8611 seconds.)

Payments Network Malaysia

Last Update:

Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was...

Word Count : 197

Malaysian Electronic Payment System

Last Update:

Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet). With the result of the merger, PayNet is now...

Word Count : 631

Malaysian ringgit

Last Update:

The Malaysian ringgit (/ˈrɪŋɡɪt/; plural: ringgit; symbol: RM; currency code: MYR; Malay name: Ringgit Malaysia; formerly the Malaysian dollar) is the...

Word Count : 5810

Central Bank of Malaysia

Last Update:

The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia) is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya...

Word Count : 1422

Bursa Malaysia

Last Update:

Bursa Malaysia is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the...

Word Count : 517

QR code payment

Last Update:

payment terminal. This avoids a lot of the infrastructure traditionally associated with electronic payments such as payment cards, payment networks,...

Word Count : 1592

Economy of Malaysia

Last Update:

economy of Malaysia is the fifth largest in Southeast Asia and the 36th largest in the world in terms of GDP. The 2018 labour productivity of Malaysia was measured...

Word Count : 9028

Unified Payments Interface

Last Update:

Unified Payments Interface, commonly referred to as UPI, is an Indian instant payment system as well as protocol developed by the National Payments Corporation...

Word Count : 12594

List of Malaysian states by GDP

Last Update:

This is a list of Malaysian states and federal territories sorted by their gross domestic product. As of 3 November 2022 Malaysian Ringgit (symbol: RM...

Word Count : 406

National Payments Corporation of India

Last Update:

The National Payments Corporation of India is an organization that operates retail payments and settlement systems in India. The organization is an initiative...

Word Count : 2604

List of Malaysian states and municipalities by exports

Last Update:

is a list of Malaysian states, federal territories and municipalities sorted by their export value. As of 30 October 2021, 1 Malaysian ringgit (symbol:...

Word Count : 143

Iskandar Malaysia

Last Update:

Iskandar Malaysia, formerly known as Iskandar Development Region (IDR; Malay: Wilayah Pembangunan Iskandar) and South Johor Economic Region (SJER), is...

Word Count : 1866

Malaysia Derivatives Exchange

Last Update:

Malaysia Derivatives Exchange (MDEX), also known as Malaysian Distribution Exchange, is a limited share company formed during June 2001 in Malaysia through...

Word Count : 307

Economic history of Malaysia

Last Update:

worked the plantations. Chinese businesses in Malaysia developed as part of the larger bamboo network, a network of overseas Chinese businesses operating in...

Word Count : 2797

Islamic banking in Malaysia

Last Update:

Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution...

Word Count : 380

Malaysia Airlines Flight 370

Last Update:

Malaysia Airlines Flight 370 (MH370/MAS370) was an international passenger flight operated by Malaysia Airlines that disappeared from radar on 8 March...

Word Count : 27821

Merchantrade Asia

Last Update:

(MSB), Digital Payment Service (Issuing and Acquiring), Micro-insurance and Mobile Virtual Network operator (MVNO), based in Malaysia. The company's core...

Word Count : 1651

Subsidy reform in Malaysia

Last Update:

Subsidy reform in Malaysia was initiated in July 2010 by Prime Minister Najib Razak via a reduction in subsidies for fuel and sugar. Further cuts in subsidies...

Word Count : 694

Overnight policy rate

Last Update:

overnight policy rate is an overnight interest rate set by Bank Negara Malaysia (BNM) used for monetary policy direction. It is the target rate for the...

Word Count : 456

Friendster

Last Update:

payments provider leveraging a network of over 600,000 physical and virtual payment channels worldwide, to power the Friendster Wallet and a payments...

Word Count : 2647

Malaysian New Economic Policy

Last Update:

Malaysian economy in general. The New Economic Policy (NEP) which began with the Second Malaysia Plan (1971–1975) and lasted until the Fifth Malaysia...

Word Count : 5053

Automotive industry in Malaysia

Last Update:

The automotive industry in Malaysia consists of 27 vehicle producers and over 640 component manufacturers. The Malaysian automotive industry is the third...

Word Count : 13196

Malaysia International Islamic Financial Centre

Last Update:

The Malaysia International Islamic Financial Centre (MIFC) is an initiative of Malaysia’s financial market regulators and relevant government agencies...

Word Count : 143

Contactless payment

Last Update:

Contactless payments are made in close physical proximity, unlike other types of mobile payments which use broad-area cellular or Wi-Fi networks and do not...

Word Count : 5125

PDF Search Engine © AllGlobal.net