31-07-2025
Finexus powering startups with MyXaaS Innovation Platform
Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and a central driver of Malaysia's digital economy, has launched the country's first fintech-focused community and accelerator: The PayNet Fintech Hub (the Hub).
As one of the strategic corporate partners of the Hub, Finexus provides critical support, technology and expertise to emerging startups through MyXaaS Innovation Platform.
The Hub aims to accelerate the development of fintech startups in Malaysia by offering access to capital, industry networks and essential infrastructure for growth, ensuring startups are equipped with the tools needed to grow sustainably and innovate with impact.
Finexus group chief executive officer Clement Loh said that the company is thrilled to support fintech innovations aligned with Madani economy goals to position Malaysia among the world's top 30 largest economies and top 12 in the Global Competitiveness Index.
'Having gone through the journey from startup to growth, we understand the hurdles fintech entrepreneurs face, especially in the early stages.
'Our goal is to help them overcome these initial challenges and scale up, by offering them meaningful collaborations and practical tools that drive long-term success,' said Loh.
Finexus offers startups a robust launchpad to build and scale fintech solutions through its MyXaaS Innovation Centres in Penang and MDH-certified Cyberjaya hub, offering key benefits such as:
> Tech platform: Access to ready-to-use, compliant APIs and SDKs, with a licensed e-wallet integrated with DuitNow services and Mastercard/Visa prepaid cards. They can also utilise multi-channel payment acceptance (DuitNow, MyDebit, Mastercard, Visa, Alipay+) through payment gateways, EDC terminals, mini POS devices, self-service kiosks, vending machines, QR standees and soundboxes, with the option to earn recurring income through merchant recruitment.
> Secured infra: Deployment straight to and hosting at Finexus' bank-grade and secure data centres (BNM RMiT, PCI DSS L1, Tier III, ISO 27001).
> Expert guidance: Guidance from design to integration, testing, regulatory submission and going live, from top-tier engineers with experiences from across 100+ corporate clients.
> Collaborative spaces with amenities: Access to monthly networking events, co-working spaces, meeting rooms, snacks and drinks, gym, prayer rooms, and shuttle service from MRT Cyberjaya Utara to the centre.
Apart from MyXaaS Innovation Centres, MyXaaS Innovation Platform is also spearheading the group's transition into the era of Artificial Intelligence (AI) through the strategic integration of AI. Currently at the research and development (R&D) stage, the long-term goal is to solve long-standing inefficiencies and pain points in the financial services industry in areas such as cheque processing, fraud detection and software automation by bringing intelligent, scalable solutions to industry players and enabling a seamless transition into the future of FinTech.
For startups, this means access to an ecosystem enriched with cutting-edge AI tools and infrastructure — resources that are often costly and complex to develop independently.
With this vision in mind, Finexus aims to empower fintech startups to accelerate development, scale intelligently and innovate with confidence to lead the next wave of digital financial transformation.
As articulated by Digital Minister Gobind Singh Deo, 'We want to lead in AI in the region. That's something we are more than capable of doing.' Through the MyXaaS Innovation Platform, Finexus is turning that ambition into action — bridging deep-tech R&D with real-world startup needs to shape the future of fintech.
As a regulated payment processor serving national and international networks and a fintech provider, Finexus invites startups to join its ecosystem of over 100 enterprise clients in scaling their fintech ambitions across Asean at MyXaaS Innovation Platform.
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