Alipay+ and PayNet join hands to provide seamless cross-border payments for travellers


Earlier today, Payments Network Malaysia Sdn Bhd (PayNet) and Ant Group signed an agreement to provide seamless digital payments for travellers. The two companies want to expand cross-border payments in the region. This agreement will give travellers access to digital payments at over 1.8 million merchants across Malaysia.

According to the news, the agreement will apply to users of selected e-wallet platforms. The list includes AliPayHK, GCash, Kakao Pay, and TrueMoney. The plan is to allow users of these e-wallet apps to enjoy cashless payments in Malaysia via Alipay+ by the end of 2023. So, how would this work? Well, payments can made through scanning DuitNow QR codes, which will be available at participating merchant stores.

Although it hasn't been confirmed, the announcement also confirmed that more e-wallet platforms are expected to participate in the coming months. Besides that, the partnership will allow all local e-wallet apps supported by PayNet to be accepted globally by Alipay+'s merchant network in 2024. In other words, you'll be able to directly use your e-wallet when you travel to countries that support Alipay+.

If you're a frequent traveller, you can see how this would be convenient for you. On that topic, do you rely on e-wallet apps for payments these days? Tell us what you like most about e-wallet apps in the comments below, and please stay tuned to TechNave for more news like this.