Company:Payments Network Malaysia
From HandWiki
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| Type | Private limited company |
|---|---|
| Industry | Payment system |
| Predecessor |
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| Founded | 1 August 2017 |
| Headquarters | Tower 2A, Avenue 5, Bangsar South,
8 Jalan Kerinchi, 59200 Kuala Lumpur , Malaysia |
Area served | Malaysia |
Key people |
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| Products |
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| Services | Financial services |
| Parent | Bank Negara Malaysia Maybank RHB Bank Public Bank CIMB Bank AmBank Hong Leong Bank Affin Bank Alliance Bank Bank Islam Bank Muamalat Bank Rakyat |
| Subsidiaries | Malaysian Electronic Payment System Sdn Bhd MEPS Currency Management Sdn Bhd |
| Website | paynet |
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]
History
PayNet was formed on 1 August 2017 from the merger of MEPs and My Clear.
Services
The company's current service portfolio includes the following:
- eSPICK – The national cheque clearing system of Malaysia.
- JomPAY – A payment scheme for paying utility bills
- FPX – A direct-to-bank payment gateway.
- DuitNow – Instant account-to-account payment across participating bank and E-wallets.
- DuitNow QR – QR code payment scheme, a contactless payment method.
See also
References
- ↑ "Merger of MyClear and MEPS – Strengthening Malaysia’s Payments Infrastructure to Accelerate Migration to E-Payments – Bank Negara Malaysia". https://www.bnm.gov.my/-/merger-of-myclear-and-meps-strengthening-malaysia-s-payments-infrastructure-to-accelerate-migration-to-e-payments.
- ↑ "About PayNet | Corporate Profile". https://paynet.my/about-paynet.html.
External links
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