Payments News

On The Web

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Global

Euronet Worldwide Announces Strategic Partnership with TNG Digital to Power One of the Largest Non-Bank Prepaid Card Programs in Malaysia

Euronet Worldwide Inc., a leading global financial technology solutions and payments provider, announced today a strategic collaboration with TNG Digital Sdn. Bhd. (TNG Digital) to expand the use of its Touch ‘n Go eWallet that serves approximately 18 million users in Malaysia. TNG Digital provides financial and payments services to both retail consumers and small- […]
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Global

Apple Pay Launches in Malaysia

“Apple today announced customers in Malaysia can now use Apple Pay with their iPhone, Apple Watch, iPad, and Mac. The easier, safer, and more secure way to pay for everything in customers’ daily routines is available in-store at leading retailers, in apps, and on the web. Apple Pay brings added speed and convenience to users’ […]
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Global

Central Banks in Five SE Asian Countries to Create Common Contactless QR Payments Zone

“The central banks of Indonesia, Malaysia, the Philippines, Singapore and Thailand are to develop an interoperable cross-border payments system that will enable residents of each country to use their mobile banking app to make QR code-based payments for goods and services when visiting any of the other territories. The integrated system will enable visitors to […]
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Domains

Thailand, Malaysia C.banks Launch Cross-border QR Payment Linkage

“The central banks of Thailand and Malaysia launched on Friday a cross-border QR (Quick Response) payment linkage to enable consumers and merchants in both countries to make and receive instant cross-border QR code payments. The move is the first phase in linking the real-time retail payment systems of Malaysia’s RPP/DuitNow and Thailand’s PromptPay, they said […]
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Domains

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

“GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base and new merchants with the option to take digital payments […]
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Global

Coopetition, Not Competition, Is Asia-Pacific’s Path to Cash-free Future

“Competition for digital payments flourishes in these circumstances. Malaysia’s central bank lists 47 e-money issuers in the nation, accounting for 13.8 billion Malaysian ringgit ($3.3 billion) worth of transactions in the January-October 2019 period. International giants such as Alipay and WeChat Pay import their expertise from a mature Chinese ecosystem, while local players rise to […]

On The Wires

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Companies

Discover Announces Alliance With Malaysia’s PayNet to Expand Worldwide Acceptance

“Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club International and network alliance cardholders in Malaysia. The agreement complements Discover’s strategy of growing […]
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Companies

Adyen Expands Acquiring Capabilities to Malaysia

“ADYEN, the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Malaysia.  Adyen acquiring complements the company’s all-in-one payment platform allowing merchants like Fave, foodpanda and Love, Bonito to get the most out of each transaction with local payment processing. This announcement […]