kuala lumpur: Payments Network Malaysia Sdn Bhd (PayNet) has partnered with Ant Group to launch cross-border digital payments, allowing travelers from eight countries to use PayNet’s DuitNow QR in Malaysia.
The partnership allows travelers to use Alipay (China), AlipayHK (Hong Kong SAR), HelloMoney by AUB (Philippines), Hipay (Mongolia), MPay (Macau SAR), Naver Pay (Japan), and Toss Pay (Southern). You can now use Alipay+ compatible wallets. Korea) and his TrueMoney (Thailand) to travel to Malaysia cashless.
Travelers can make digital payments by scanning the DuitNow QR at a network of more than 1.8 million merchant touchpoints nationwide.
Through this partnership, DuitNow QR users in Malaysia will be able to pay at Alipay+’s global merchants in phases starting next year.
Currently, the Alipay+ merchant ecosystem includes tens of millions of merchants in more than 50 markets.
According to PayNet Group CEO Farhan Ahmad, Malaysia’s tourism industry is currently returning to a stable growth trend and is expected to further strengthen by Visit Malaysia Year 2026 (VMY 2026), so this time The partnership is timely.
“Most of the small shops in Malaysia do not accept cards, but they do accept DuitNow QR. For VMY 2026, we will ensure that we open our cross-border channels and ensure that tourists have We want to be able to use it even if we have a wallet,” he told reporters after the launch of PayNet and Alipay+ cross-border digital services. Today’s payment system.
In the run-up to VMY 2026, the company will work hard to ensure Malaysia is ready to welcome tourists, including developing payment mechanisms that are convenient for tourists to support local merchants, he said. Stated.
“This will make it easier for Malaysian small traders to sell to tourists and open up night markets and Malaysia’s rich heritage to tourists.
“Similarly, we will also open the same corridor to Malaysians traveling abroad,” Farhan said, adding that it will be convenient for them to make payments while traveling.
He added that the company aims to expand its payment methods from the current eight countries to 10 countries in the future.
Meanwhile, Farhan explained that cross-border payment services reveal exchange rates in real time, allowing customers to know how much they are paying in their home currency. Plus, there’s no service charge.
“We have no intention of adding any cross-border duties or fees at this time,” he said. However, he noted that each country would impose its own domestic systems and payments.
“Malaysia has the lowest cost (of domestic payments) compared to any other country in the region, much lower than Singapore, Thailand, Indonesia, India and China,” Farhan said.