Paynet Malaysia
Credit Card Processing · Malaysia · 201-500 Employees
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Overview
Headquarters
Tower 5 Avenue 3 Bangsar South 8 Jalan K...Phone Number
+60 327810500Website
www.paynet.myRevenue
$77.3 MillionIndustry
ZI Rank: 3
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About Paynet Malaysia
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. With the merger, PayNet is now the holding company for the PayNet Group which comprises two main subsidiaries, namely Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency Management Sdn Bhd (MCM). The PayNet Group 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.Explore more
Paynet Malaysia Org Chart
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Paynet Malaysia News & Media
Malaysia's PayNet appoints Praveen Rajan as Chief Executive Officer - TNGlobal
Payments Network Malaysia Sdn Bhd (PayNet), Malaysia's national payments firm, announced Wednesday that Praveen Rajan has assumed the role of Chief Executive Officer (CEO), effective February 1, 2026.Praveen Rajan Takes the Helm as PayNet Chief Executive Officer - Fintech News Malaysia
Praveen Rajan officially became CEO of PayNet on 1 February 2026, replacing former CEO Farhan Ahmad.Alipay+ Empowers New Growth Opportunities for Malaysian SMEs, Contributing More Than 80% of Inbound QR Payments via DuitNow
SINGAPORE--(BUSINESS WIRE)--In their first full year of partnership in 2024, Payments Network Malaysia Sdn Bhd (PayNet) and Ant International, a leading global digital payment, digitisation and financial technology provider, brought new economic opportunities to Malaysian SMEs, with Alipay+ making up more than 80 percent of cross-border inbound QR payments via DuitNow. In the peak travel season in December 2024, the partnership enabled 6 times growth in revenue for Malaysian merchants, comparedEuronet Expands Malaysian Market Presence with the Acquisition of MEPS ATM Terminals from PayNet
Euronet expands Malaysia market presence with the acquisition of MEPS ATM terminals from Paynet.
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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. With the merger, PayNet is now the hold... Read More
