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As Malaysia gears up for the peak travel season, tourists from China and across Asia are getting a more convenient way to spend—without ever needing to exchange cash. Payments Network Malaysia (PayNet) has partnered with two major digital wallet giants—Alipay+ and Weixin Pay (WeChat Pay)—to roll out seamless QR code payments nationwide through Malaysia's national DuitNow QR platform.
Payments Network Malaysia Sdn Bhd (PayNet) has introduced the PayNet Fintech Hub, the nation's first accelerator and community hub dedicated entirely to fintech innovation. This initiative aims to accelerate the growth of Malaysia's fintech industry by offering startups access to funding, mentorship, strategic collaborations, and global market exposure.
Small and medium enterprises (SMEs) in Malaysia must adopt artificial intelligence (AI) and e-invoicing to remain competitive in the rapidly evolving digital economy, according to Digital Minister Gobind Singh Deo.
