PayNet's Board Members

Payments Network Malaysia Sdn Bhd (PayNet) Board of Directors comprise of representatives from Bank Negara Malaysia (BNM), Financial Institutions and industry experts. The Board of Directors is primarily responsible for the governance and management of the business as well as to ensure the financial health of the Company. The Board is assisted by four Board Committees, namely the Nomination and Remuneration Committee, Board Risk Committee, Board Audit Committee and Board Rules Committee.

Among others, the responsibilities of the Board are as follows:

  • Formulate and establish the broad policies governing the operations of PayNet Group.

  • Establish the corporate objectives, as well as to review, approve and guide the formulation of the corporate strategies and business plans, budget and monitor its implementation.

  • Oversee the management of the company business to maintain the corporate performance, involving monitoring of the performance of the institution.

  • Oversee human resource management, performance monitoring of key personnel, succession planning and training programs.

Dato’ Izzaddin Idris was appointed as Chairman of the Board on 1 April 2024. He also acts as Chairman of the Group Board Rules Committee.

Dato’ Izzaddin Idris has over 35 years of experience in the fields of investment banking, financial and general management, having served in various senior positions at leading Malaysian-based companies. In recent years, these have included Tenaga Nasional Berhad (CFO), UEM Group Berhad (Group MD/CEO), and Axiata Group Berhad (President/Group CEO).

Dato’ Izzaddin’s wide range of sectoral exposure include investment banking, electronic & print media, township/property development, construction, concessions structured on public private partnership, IPPs, asset & project management, mobile telecommunications, FinTech & Data Analytics as well as telco infrastructure. His corporate achievements in operational excellence, business development, restructuring, M&As, fund rising, JVs & partnerships are coupled with continuous efforts in talent development, graduate employability, social responsibility and sustainability.

Dato’ Izzaddin holds a Bachelor of Commerce (First Class Honours in Finance) from University of New South Wales Australia, and is a member of Malaysian Institute of Accountants and a Fellow of CPA Australia.

Dato’ Khairussaleh Ramli was appointed as a Board Member on 1 May 2021. He is also a Member of the Group Nomination & Remuneration Committee.

Dato’ Khairussaleh Ramli is currently the the Group President and Chief Executive Officer and Executive Director of Maybank. He also serves as Chairman of the Group Executive Committee and a member of the Credit Review Committee and Board Sustainability Committee of Maybank.

He holds a Bachelor of Science in Business Administration from Washington University, USA and is a graduate of the Advanced Management Programme at Harvard Business School, USA. He is also a Fellow Chartered Banker with the Asian Institute of Chartered Bankers (AICB).

Prior to re-joining Maybank, Dato’ Khairussaleh was the Group Managing Director of RHB Banking Group, where he was responsible for charting the Group’s strategic direction and leading the organisation to achieve its goals and value creation objectives. He brings with him a wealth of knowledge and experience from the financial services and capital markets industry of close to 30 years.

Prior to joining RHB Banking Group, he was with Maybank between November 2008 and September 2013, having served over three years as the Group Chief Financial Officer before taking up the position of President Director and Chief Executive Officer of Maybank Indonesia.

His other corporate sector experiences include positions as Group Chief Strategy Officer of Telekom Malaysia Berhad, Chief Executive Officer of TM Ventures and Chief Financial Officer of Bursa Malaysia Berhad, where he led the listing of the company on its own exchange in 2005. He also spent eight years at Public Bank Group in the Corporate Banking and Stockbroking/Futures broking divisions.

Currently, Dato’ Khairussaleh sits on the board of Cagamas Holdings Berhad. He is also Chairman of the Association of Banks Malaysia (ABM).

Encik Mohd Rashid Mohamad was appointed as Group Managing Director and Chief Executive Officer of RHB Banking Group (RHB) on 1 April 2022. He was previously Managing Director, Group Wholesale Banking and Group Treasurer of RHB.

Encik Mohd Rashid has more than 20 years of experience in the financial services industry, where he has held senior positions in well-established financial institutions across Malaysia and Singapore, namely Bank Negara Malaysia, ABN Amro NV, The Royal Bank of Scotland and AmBank Group.

He was also the Chairman of the Investment Panel of Kumpulan Wang Amanah Pencen Inc. (KWAP) from 2019 to 2021. Currently, he is a Council Member of AICB, and Chairman of AICB’s Investment Committee.

Encik Mohd Rashid holds a Master of Business Administration with Distinction from University of Wales, UK and is a member of Malaysian Institute of Accountants (MIA). He also holds the Chartered Banker title, and has attended the Advanced Strategic Management Program at the Institute for Management Development (IMD), Lausanne.

Encik Mahizzan was appointed as a Board Member on 25 February 2019. He acts as the Chairman of Group Risk Committee and is also a Member of the Group Nomination & Remuneration Committee.

Encik Mahizzan has 32 years of working experience in network and information system development, internet service provider (ISP) operations and security consulting. He has, amongst others, expertise in cyber security and has played roles in the setting up of cyber security infrastructure such as NISER (before it became Cyber Security Malaysia) and DigiCERT. He has also worked in a major mobile communications company, and prior to his retirement had assisted in the setting up of ALTEL, Net2One and MYTV Broadcasting.

Encik Mahizzan holds a Bachelor of Science in Civil Engineering from University of Wales, Swansea.

Dato’ Dr. Fadhlullah was appointed as a Board Member on 19 February 2021. He is also a Member of the Group Nomination & Remuneration Committee.

Dato’ Dr. Fadhullah had previously served as the the Chairman of the Malaysian Communications and Multimedia Commission (MCMC). Prior to joining MCMC he was Vice-Chancellor and Chief Executive Officer of Perdana University. Not a stranger to MCMC, he had also previously served as its Commission Member as well as its Chief Officer of Network Security, New Media Monitoring, Compliance and Advocacy.

Dato’ Dr. Fadhlullah has served in the Ministry of Health, and was part of the web-shaper team for the Telehealth and Multipurpose Card during the early years of the Malaysia’s Multimedia Super Corridor (MSC). He later joined Telekom Malaysia Berhad, and last served as its Chief Corporate and Regulatory Officer.

Dato’ Dr. Fadhlullah is a founding member of the Communications and Multimedia Content Forum (CMCF) and the Malaysia Internet Exchange (MyIX). In 2010, he moved to the Prime Minister’s Office’s Performance Management and Delivery Unit (PEMANDU) and served as its Director for National Key Economic Areas (NKEA) on Communication Content and Infrastructure, Agriculture and Rural Development. There, he also served as the Chief Communications Officer for Strategic Communications for the government.

A medical doctor by training, Dato’ Dr. Fadhlullah received his medical degree from the National University of Malaysia in 1988. He graduated with a Masters of Medicine in Public Health from the National University of Singapore in 1992, and an MA in Health Management Planning and Policy with distinction from the University of Leeds in 1996.

Ms. Chin See Mei was appointed as a Board Member on 27 July 2021. She is also a Member of the Group Risk Committee and Group Board Rules Committee.

Ms. Chin See Mei has over 28 years of experience in the technology field and last served as the General Manager for Industries in IBM. She worked with large enterprises across multiple industries such as banking, oil & gas, travel & transportation, telecommunications and government agencies to explore and deploy leading edge technologies such as hybrid Cloud, mobile, IoT, AI/data analytics and Blockchain in creating competitive advantage.

During her career, Ms. Chin See Mei had worked with IT experts from around the world and the local ecosystems to develop innovative, secure and scalable technology solutions, which help leading organisations to remain progressive and sustainable. She brings with her a deep understanding and knowledge of the crucial intersection of business and technology to optimise operations, enhance efficiency and enrich customer experience.

Ms. Chin See Mei started at IBM as a system engineer and developed her career through leadership positions in services delivery, technical support, sales and operations. Her passion for talent development especially in preparing for the future of work in the era of Industrial Revolution 4.0 led her to be an advocate of purposeful reskilling of resources to meet the changing needs of the industries.

Ms. Chin See Mei’s passion for women leadership development and in promoting diversity led to her contribution to ICAEW’s Women In Leadership programme and mentor for Lean-In Malaysia.

Ms. Chin See Mei graduated from the University of Malaya with a Bachelor of Arts majoring in Economics and attended the Executive Education at INSEAD.

Cik Nora Junita was appointed as a Board Member on 11 November 2021. She is also a Member of the Group Audit Committee and Group Risk Committee.

Cik Nora Junita is an accomplished Finance and Strategy professional with over two decades of sound experience, including driving multi-million dollar and regional M&A, business turnaround and change management, especially in telecommunications. She has over a decade of senior leadership experience, having first been appointed as the Chief Financial Officer of Aktel (now known as Robi Axiata), the second largest mobile operator in Bangladesh, in 2007. In 2010, she took on the role of Vice President and Head of Treasury and Investor Relations for Axiata Group Bhd.

In 2012, Cik Nora Junita was appointed as the Chief Financial Officer of Packet One Networks (Malaysia) Sdn Bhd until 2014, when the company was acquired by Telekom Malaysia Berhad. She then moved into the role of Chief Financial and Corporate Affairs Officer for the new entity, Webe Digital Sdn Bhd, until 2018. She then ran her own consultancy business until 2021 when she was appointed the Chief Financial Officer of Malaysia Digital Economy Corporation Sdn Bhd (MDEC).

Cik Nora Junita has experience as a Board Director, Chairman of the Board Audit Committee and member of the Board Nomination Committee of a public listed telecommunications and digital services company. She has served on the board of various private limited companies including in construction and engineering and investment and consultancy services.

Cik Nora Junita is a Fellow Chartered Accountant and Business and Finance Professional with the Institute of Chartered Accountants in England and Wales and a member of the Malaysia Institute of Accountants, the Institute of Corporate Directors Malaysia and LeadWomen.

Mr Ganesh Kumar Bangah (”Ganesh”) is an award-winning entrepreneur born and based in Malaysia with international investment and business interests in the innovation and technology space.

In 2017, Ganesh founded Commerce.Asia, an all-in-one eCommerce Ecosystem which rapidly grew within 5 years into owning a database of over 8,400,000 SME’s across 7 countries with over 52,000 active sellers that sold products worth RM6.2 billion (U SD1.4 Billion) in 2022.

In 2020, Ganesh acquired and became the Executive Chairman and Majority Shareholder of Australian-listed Netccentric Limited which he subsequently rebranded to be called Xamble Group Limited; Asia’s pioneering digital growth ecosystem that owns the largest influencer network in Malaysia, Nuffnang with a community of 20,000 influencers across Malaysia, Singapore and Taiwan.

Prior to founding Commerce.Asia, Mr Ganesh was the Founder of MOL Global Inc. (“MOL”) where he served as the Chief Executive Officer of MOL for 15 years since its inception. He was certified by the Malaysia Book of Records as being the youngest CEO of a Malaysian public-listed company. Through a series of international acquisitions, Ganesh built MOL into becoming South East Asia’s leading online payment gateway and in 2014, becoming the first internet company in the region to be list ed on NASDAQ.

Mr Ganesh was the Ernst & Young Technology Entrepreneur of the Year Malaysia 2012 and one of Asia’s most influential people according to Society Magazine 2015. He was also recognised as one of South East Asia’s Top 30 Tech Founders by Tech In Asia in 2016 and was recognised as one of the most inspiring Malaysian technology entrepreneurs by Top 10 of Malaysia.

Mr Ganesh is a former Chairman of the Nasional Tech Association of Malaysia ("PIKOM") and currently an Advisor of PIKOM, He is also Chair of E-Commerce Malaysia, a chapter of PIKOM.