Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets.

As the national provider of financial market utilities, PayNet aims to build inclusive, accessible and efficient payments and financial eco-systems for Malaysia. In line with this developmental objective, PayNet’s shareholders do not receive dividends, and surplus profits are instead re-invested to ensure that the nation’s financial market infrastructures and payment eco-systems are resilient, competitive and accessible to all.

Bank Negara Malaysia (BNM) is PayNet’s single largest shareholder, with eleven Malaysian’s financial institutions namely, Malayan Banking Berhad, RHB Bank Berhad, Public Bank Berhad, CIMB Bank Berhad, AmBank (M) Berhad, Hong Leong Bank Berhad, Affin Bank Berhad, Alliance Bank Malaysia Berhad, Bank Islam Malaysia Berhad, Bank Muamalat Malaysia Berhad and Bank Kerjasama Rakyat Malaysia Berhad, as joint shareholders.

Our services

Sistem Penjelasan Informasi Cek Kebangsaan secara Elektronik (eSPICK) - Malaysia's national cheque clearing house.

Interbank GIRO (IBG) - a funds transfer system that allows account-to-account credit transfers between 42 participating banks in Malaysia.

JomPAY - Malaysia’s national bill payment scheme where customers can pay any registered biller from Internet or Mobile banking by drawing funds from Current, Savings or Credit Card accounts. Billers need only sign up with one bank to collect payments via 42 banks.

MyDebit - Malaysia’s domestic debit card scheme, which allows point-of-sale payments using ATM cards issued by banks in Malaysia.

FPX - direct-to-bank Internet payment gateway, which facilitates Internet payments and e-commerce purchases using savings and current accounts.

Direct Debit - allows billers and merchants to debit a consumer’s bank accounts on a periodic basis to collect recurring payments.

DuitNow - pay instantly to any account or to a DuitNow ID such as mobile number or NRIC number.

DuitNow QR - Malaysia’s National QR Standard where any compliant QR Code can take payments from any participating Banks and e-Wallets mobile apps.

Shared ATM Network and MEPS ATM - enables bank customers to conveniently access their funds anywhere from more than 10,000 ATMs of participating banks.

Cross-Border Cash Withdrawal - this service offers participating banks’ customers the convenience of making cash withdrawals via ATM in the participating countries.

Smart Card and Certification Services - provides functional and security testing as well as certification of chip cards, acceptance terminals, mobile payment products and payment systems.

Currency Notes Processing - banknotes processing where used banknotes from Bank Negara Malaysia are collected for sorting and redistribution.