News & Reviews:   PayNet Malaysia

Payments Network Malaysia Sdn Bhd, or PayNet, the company behind many of the digital financial technologies used in Malaysia, recently announced that it processed 8.44 billion cashless transactions throughout 2025. So, what should you know about it?

Amidst various reports of increased costs for those using DuitNow QR codes or QR codes to make wireless payments, Payments Network Malaysia Sdn Bhd (Paynet) recently confirmed that all applicable DuitNow QR payments will be charged MDR or the Merchant Discount Rate starting from 1 November 2023.