Latest news with #DuitNowQR
The Star
5 days ago
- Business
- The Star
Bank Islam to decommission GO banking app, BankIslam.biz website from June 28
KUALA LUMPUR: Bank Islam Malaysia Bhd will retire its legacy mobile banking app, GO, and Internet banking platform effective June 28, 2025. The bank said in a statement today that since the November 2024 launch of the new and enhanced BIMB Mobile banking app and BIMB Web ( over 90 per cent of the existing user base have successfully migrated to the new digital banking platforms. "This overwhelming adoption has fast-tracked the decommissioning deadline from Nov 28, 2025 to June 28, 2025, six months ahead of schedule, reinforcing Bank Islam's commitment to delivering a seamless and secure banking experience,' it said. Bank Islam said that to ensure uninterrupted access to its digital banking services, customers are urged to transition to the new platforms immediately. "The upgraded and enhanced solutions offer improved functionality, greater security including biometric login and secure transaction authentication and an intuitive interface, reflecting the bank's commitment to continue digital innovation and customer-centric service,' said Bank Islam. BIMB Mobile delivers a refreshed digital experience with a sleek interface, robust performance and strengthened safety features upgrades, including biometric login and secure transaction authentication. With just a few simple taps, customers can seamlessly manage essential banking services, such as balance enquiries, fund transfers, bill payments, DuitNow QR transactions, zakat contributions, Debit Card-i maintenance and the new Bank Islam Gold Account-i. - Bernama
The Star
07-05-2025
- Business
- The Star
EnrichMoney unveils first-of-its-kind feature in Malaysia 'Pay with Points'
From left to right: Malaysia Aviation Group Loyalty and Travel Services chief executive officer Philip See, Merchantrade Asia Sdn Bhd chief executive officer Ivan Alias, Commercial PayNet senior director Azrul Fakhzan Mainor, and Enrich Loyalty head Hemanth Jayaraman at the launch. IN a move to further enhance travel and lifestyle experiences, Enrich has expanded the capabilities of EnrichMoney with its latest feature: Pay with Points. This new functionality allows members to instantly redeem their EnrichMoney Points via DuitNow QR at participating merchants, marking the first solution of its kind in Malaysia. Introduced in 2023, EnrichMoney is a multi-currency e-wallet and Visa prepaid card designed to cater to the evolving needs of modern travellers. With features such as buying and selling up to 20 foreign currencies in-app, competitive exchange rates, and seamless integration with the Enrich loyalty programme, EnrichMoney offers a convenient, secure, and rewarding way to manage spending whether at home or abroad. The introduction of Pay with EnrichMoney Points further enhances the experience, allowing members even greater flexibility and value by converting their loyalty points into everyday spending power. Malaysia Aviation Group Loyalty and Travel Services chief executive officer Philip See said, they are thrilled to offer their members a seamless and rewarding way to use their Enrich Points beyond travel. 'This latest innovation underscores our unwavering commitment to enhancing the Enrich experience by integrating more convenience, relevance, and everyday utility into our members' lifestyles. 'As we continue to evolve Enrich into a holistic travel and lifestyle loyalty programme, we remain focused on delivering benefits that truly matter to our members at every step of their journey,' he added. To celebrate the launch, from now until May 31 May, members who use the Pay with Points feature will receive up to RM5 off their transactions, making it even easier to enjoy the benefits of their loyalty with every purchase. Download the EnrichMoney app for free on the App Store or Google Play Store. Sign up as an Enrich member today and unlock a world of possibilities with EnrichMoney. Visit for more information.
Malay Mail
05-05-2025
- Business
- Malay Mail
Embracing a cashless Malaysia for real convenience
KUALA LUMPUR, May 5 — The other day, I visited a new cafe with some friends and was taken aback when the cashier said that they only take cash... I thought I had heard wrong. After all, these days, it is more common to hear the exact opposite: 'We don't accept cash.' Right? If you belong to Gen Z, those born between 1997 and 2012, you won't even remember a time when cash was the ONLY way to pay for anything. Credit card usage was not widespread then. It was used only for big purchases like airline tickets, deposits for other significant purchases, and at fancy restaurants. And yes, the only wallet then was the one in the pocket of your pants or handbag. E-wallets were not yet even a glimmer in anybody's eyes. But today, cashless transactions are so common and widespread... even the pasar malam vendors have QR codes for customers to make instant digital payments. In fact, Malaysia's very own DuitNow QR has been a game changer in this space, bringing seamless transactions nationwide through a single, standardised QR platform. Whether you're paying at a hawker stall or a high-end boutique, just scan and go. It's really that easy. Back then, buying things online used to be a bit scary. 'What if my credit card gets hacked? And I end up with a bill of thousands of ringgit for something I didn't even buy?' Do you remember the first time you bought something online? Back in the day, my very first online purchase was some books from Amazon. I dare say I probably held my breath till I had the parcel physically in my hands. Today, you can just about buy anything, from cooking oil to mattresses, online. And you don't even have to use your credit card. There are a variety of digital payment options out there. The pandemic contributed to ramping up cashless payment options, whether for in-person or online purchases. Contactless and cashless is really the way to go now. Yes, contactless. With today's e-wallets, you don't even need to key in a password or tap a single button. Just scan and you're done Apart from the convenience and generally faster transactions, there is the added benefit of better money management. You can track how you've spent your money daily. Here's another bonus you might not expect: the ease of travelling without cash. Say goodbye to last-minute runs to the currency exchange and the hassle of dealing with coins in an unfamiliar language. Whether you're hopping between Asean countries or flying farther abroad, using your mobile wallet or card makes payments smoother, safer and far more convenient. I have to admit, the sheer convenience of going cashless means I no longer have to fret about having enough cash on me at any one time. No more last-minute visits to the nearest ATM. I have yet to reach the point, as several of my friends have, where I hardly have any cash on me. But I definitely trimmed down the number of ringgit notes in my wallet these days. So no more unsightly bulging pockets for the boys. Win. But wait, are you wondering how safe using an e-wallet is? Let me assure you, different e-wallet providers have different built-in security measures that are constantly upgraded. So your safety and security are kept top of mind for your peace of mind. Still, we must ensure no one is left behind in this transition. As we embrace the future of payments, we must also help build digital literacy, especially for seniors and rural communities. It's important that everyone has the tools and knowledge to navigate this shift confidently and safely. In fact, this push towards a more digitally connected society is part of the government's broader MyDigital agenda, a national initiative to transform Malaysia into a digitally driven, high-income nation. Cashless payments are just one piece of the puzzle, and we're already seeing how they're helping bridge gaps and modernise the economy. If you have yet to experience the benefits of going cashless, then start now. Get with the trend, and don't be caught in a situation where the cashier says, 'We don't accept cash.'
Yahoo
17-03-2025
- Business
- Yahoo
Alipay+ Empowers New Growth Opportunities for Malaysian SMEs, Contributing More Than 80% of Inbound QR Payments via DuitNow
PayNet and Ant International enabled Alipay+ payment partner acceptance via DuitNow in October 2023; number of partners have since more than doubled, bringing more global customers to Malaysian businesses Alipay+ is the biggest contributor to cross-border QR payments via DuitNow, reflecting a successful public-private partnership in building a more connected payments ecosystem Transaction trends reveal Malaysia as a foodie and cultural haven, with growing appreciation for its nature hotspots, as well as for wellness and beauty SINGAPORE, March 17, 2025--(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, compared to the same period in 2023. In October 2023, Alipay+, a unified wallet gateway with cross-border payment and digitisation services under Ant International, went live on DuitNow QR, enabling Malaysian SMEs to accept QR payments from international travellers. Today, the number of Alipay+ payment partners that can make payment via DuitNow QR, has more than doubled to 15 international apps, bringing even more customers to Malaysian SMEs. The Alipay+ partners enabled for use in Malaysia are: Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), MPay (Macao SAR, China), TrueMoney and KBank (Thailand), Changi Pay (Singapore), Hipay (Mongolia), HelloMoney and GCash (The Philippines), Tinaba (Italy), Kaspi (Kazakhstan), BigPay (Singapore, Thailand), Kakao Pay, Naver Pay, Toss (South Korea). "As Malaysia's national payments network, PayNet is committed to building an open and seamless payment ecosystem that enables businesses to thrive," said Gary Yeoh, Chief Marketing Officer of PayNet. "Our partnership with Ant International has significantly enhanced cross-border payment acceptance for local merchants, helping them tap into a growing wave of global travellers. With Alipay+ as a key driver, DuitNow QR is empowering SMEs to compete on an international scale, reinforcing Malaysia's position as a premier travel and shopping destination." Gateway to growth for Malaysian businesses Enabled by Alipay+, travellers from 10 countries and regions can now pay using their home payment app at more than 2.5 million DuitNow QR touchpoints in Malaysia simply by scanning the DuitNow QR. In 2024, the number of Alipay+ transactions on DuitNow QR has on average increased by 50 percent quarter-on-quarter, making Alipay+ the biggest contributor to cross-border inbound QR payment, and empowering Malaysian merchants to benefit from the growth in travel. "We have always believed in the power of travel, for connectivity, cultural exchange and as an economic driver," said Edward Yue, General Manager for Southeast Asia, Australia and New Zealand, Ant International. "With Alipay+, we offer local businesses a gateway to global customers, driving more inclusive growth in local communities. PayNet has built the infrastructure and partnerships to enable this, and we're proud to collaborate and bring international users into this ecosystem. We're just getting started, and in the years ahead, we can make an even greater impact together, positioning Malaysia as a global tourism hub and generating more growth for Malaysian businesses." According to Tourism Malaysia, the country welcomed more than 25 million visitors in 2024, with a goal of 35.6 million for the Visit Malaysia 2026 campaign. VM2026 aims to increase tourism revenue, strengthen Malaysia's global tourism competitiveness, and ultimately position the sector as one of the largest contributors to the country's GDP. With the extensive merchant coverage of DuitNow, travellers are enjoying the convenience and seamless experience, paying with their own payment app across Malaysia, with the number of visitors using an Alipay+-enabled payment app increasing five times year-on-year in Q4 2024. Top visited cities include: Kuala Lumpur, Malacca, Penang, Johor Bahru and Kota Kinabalu. Travel like a local with seamless payments Malaysia is known as a foodie and cultural haven. Other than shopping, local food including kopitiams (coffee shops), bakeries, and shops selling bak kut teh, satay and locally-produced confectionary accounts for the most transactions amongst travellers. Travellers are also visiting bars and cocktail lounges, cementing Malaysia's status as a hub for local and international cuisine. Museums like the Baba and Nonya Heritage museum and Sun Yat Sen museum are some of the most visited attractions. Also on the rise are outdoors and wellness activities, with travellers visiting sporting and recreation camps, diving, fishing and fitness centres, and massage and beauty salons. They enjoy the convenience of day-to-day travel, with one of the highest transactions at convenience stores, pharmacies, supermarkets and vending machines. In 2025 and beyond, PayNet and Ant International will continue to collaborate through merchant connectivity, marketing and educational campaigns to bring even more growth to Malaysian SMEs. About Payments Network Malaysia Sdn Bhd Payments Network Malaysia (PayNet) is the national payments network and central financial infrastructure for Malaysia with the vision to empower Malaysia's digital economy. Our extensive retail payments suite, DuitNow (QR and P2P), JomPAY (Bill Payments), FPX (Online), MyDebit (Domestic Debit), MEPS (ATM), and IBG (Interbank GIRO) has near ubiquitous coverage across the nation and is part of the daily fabric of life in Malaysia. In addition, PayNet's real time retail QR payments network, DuitNow, is also interoperable with domestic schemes in Singapore, Thailand, and Indonesia to enable seamless cross-border transactions with those countries. PayNet is committed to promoting a secure, efficient, and innovative payments ecosystem in Malaysia, and works closely with its stakeholders to develop new products and services that meet the evolving needs of consumers and businesses. For more information, please visit About DuitNow Learn more at: About Alipay+ Ant International's Alipay+ is a unified wallet gateway with cross-border payment and digitisation services that help connect global merchants to consumers. Consumers enjoy seamless payment, a broad choice of deals and the convenience of digital services using their preferred payment app while travelling abroad. Small and medium-sized businesses may use Alipay+ digital tools to enhance efficiency and achieve omni-channel growth. View source version on Contacts Scott Sign in to access your portfolio
