MalaysianUpdates

Tag: #DuitNowQR

  • Paydibs Becomes Direct PayNet Participant for DuitNow QR Acceptance

    Paydibs Becomes Direct PayNet Participant for DuitNow QR Acceptance

    Paydibs Sdn Bhd (“Paydibs”), Malaysia’s merchant-first payment gateway, has successfully become a direct participant with Payments Network Malaysia (PayNet) for DuitNow QR (DNQR) acceptance.

    This direct integration represents a significant upgrade to Paydibs’ payment infrastructure. While the company has already been offering seamless DNQR acceptance to merchants nationwide through established third-party arrangements with strategic partners, this move to direct participation with PayNet further strengthens its position as a robust merchant acquirer within Malaysia’s digital payments ecosystem.

    With this enhancement, Paydibs now connects directly to Malaysia’s national payments network for DuitNow QR, building on its earlier direct integration with FPX (Financial Process Exchange). This allows merchants to enjoy unified access to real-time payment rails, covering both online banking via FPX and QR payments via DNQR, all through a single streamlined platform.

    The development comes amid the rapid expansion of QR-based payments in Malaysia. Today, more than 3 million merchants nationwide accept QR payments, following the addition of over 680,000 new DuitNow QR touchpoints in 2025 alone. At the same time, digital payment usage has become deeply embedded in everyday life, with 8.44 billion transactions processed in 2025. Malaysia is now recognised among the world’s leading adopters of QR payments, reflecting the country’s continued progress towards a digital economy.

    As digital payment adoption continues to grow, secure and reliable transactions remain essential. Paydibs addresses this through its dynamic QR functionality, which enhances transaction security while delivering a smooth and efficient checkout experience for both merchants and customers.

    Direct participation with PayNet also enables faster settlement cycles, improved cost efficiencies and greater control over transaction processing. For merchants, this results in improved cash flow visibility and quicker access to funds, supporting better financial management.

    In addition, Paydibs streamlines merchant onboarding and support processes while maintaining stronger oversight across the payment flow. Businesses benefit from a more unified payment experience, with simplified operations, improved visibility and faster access to funds.

    Chief Executive Officer of Paydibs, Tee Kean Kang, said the integration reflects the company’s continued commitment to strengthening its role within Malaysia’s payments ecosystem.

    He said that by going directly with PayNet for DuitNow QR, Paydibs is enhancing its position as a merchant acquirer, enabling faster settlements, greater control and more efficient payment operations for businesses. At the same time, merchants benefit from simplified payment acceptance through a single platform with access to DuitNow QR across banks and eWallets.

    This development builds on Paydibs’ broader infrastructure advancements, including the launch of Paydibs NEO, Malaysia’s first all-in-one smart terminal that integrates QR, card and Buy Now Pay Later (BNPL) functionality into a single device. Together, these initiatives reflect Paydibs’ strategy of strengthening national payment rail connectivity while delivering practical, merchant-first solutions.

    Aligned with Bank Negara Malaysia and PayNet’s objectives to accelerate digital adoption among MSMEs, Paydibs continues to identify meaningful merchant use cases and actively participate in ecosystem initiatives that support the wider adoption of national payment solutions.

    With strengthened multi-rail capabilities and direct connectivity to PayNet, Paydibs is well positioned to support the continued expansion of digital payments in Malaysia while preparing merchants for future enhancements and pilot programmes within the national payment ecosystem.

    For more information, visit Paydibs official website

  • PayNet Introduces Updated DuitNow QR Standee Look Across Malaysia

    PayNet Introduces Updated DuitNow QR Standee Look Across Malaysia

    Payments Network Malaysia Sdn. Bhd. (PayNet) has introduced a refreshed design for the DuitNow QR standee, marking a nationwide rollout aimed at improving the visibility and consistency of Malaysia’s national QR standard. The updated look ensures that DuitNow QR is now easier to spot at merchant locations, creating a more seamless and intuitive payment experience for both consumers and businesses. Importantly, this enhancement is purely visual — the functionality, security, and interoperability of DuitNow QR remain unchanged. Consumers can continue making payments as usual, while merchants can accept transactions with the same simplicity and reliability they are accustomed to.

    The visual refresh addresses longstanding inconsistencies caused by multiple standee designs previously issued by different banks and e-wallets. These variations often led to confusion at the point of sale. The newly standardized design resolves this by presenting a unified, clearer way of displaying DuitNow QR, firmly positioning it as Malaysia’s official QR payment method. The result is a cleaner, more uniform standee that reinforces consumer confidence and helps businesses present a professional, standardized payment touchpoint.

    Gary Yeoh, Chief Marketing Officer of PayNet, emphasized the importance of clarity as digital payments continue to embed themselves in Malaysians’ daily lives. “As digital payments become second nature for Malaysians, the trust and clarity of what people are scanning matters more than ever,” he said. “The refreshed DuitNow QR standee brings greater consistency and visibility across the country, ensuring consumers always know they are paying through Malaysia’s official and secure QR standard, while making it simpler for merchants to display and accept payments through just one QR code.”

    The rollout of the new standee began in October 2025, with early adopters such as RHB Bank, Bank Islam Malaysia Berhad, MBSB Bank, and Agrobank leading the transition among their merchant networks. A second wave—comprising CIMB Bank, Public Bank, Hong Leong Bank, AmBank, Bank Simpanan Nasional, and Bank Muamalat—will follow, with the rest of the ecosystem gradually coming on board. Merchants are encouraged to adopt the updated design as soon as their acquiring banks make it available to ensure smoother alignment across the payment landscape.

    This refreshed design underpins PayNet’s broader commitment to strengthening Malaysia’s cashless ecosystem. By making DuitNow QR more recognizable and consistent, the initiative reinforces its role as the nation’s single QR standard and supports the national agenda of driving an inclusive and progressive digital economy for all Malaysians.