PayNet's asset
PayNet

@paynet.my

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

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About

Description

PayNet, short for Payments Network Malaysia Sdn Bhd, is the national payments network and shared central infrastructure for Malaysia's financial markets. As the holding company for PayNet Group, it consists of two subsidiaries, Malaysian Electronic Payment System (MEPS) and MEPS Currency Management (MCM). PayNet's primary objective is to develop inclusive, accessible, and efficient payment and financial ecosystems in Malaysia.


To achieve this goal, PayNet reinvests its surplus profits into strengthening the nation's financial market infrastructures. It does not distribute dividends to its shareholders but instead focuses on ensuring resilience, competitiveness, and accessibility for all stakeholders. Bank Negara Malaysia (BNM) holds the largest share in PayNet, alongside eleven other Malaysian financial institutions, such as Malayan Banking, CIMB Bank, and RHB Bank.


PayNet offers a wide range of services to cater to different payment needs. These include the Sistem Penjelasan Informasi Cek Kebangsaan secara Elektronik (eSPICK), the Interbank GIRO (IBG) for fund transfers, the JomPAY bill payment scheme, the MyDebit domestic debit card scheme, and the FPX direct-to-bank Internet payment gateway, among others. Through its services, PayNet plays a trusted role in empowering Malaysia's digital economy.


Its logo, with six vector arrows converging on a core, symbolizes its function as a shared payments network and central infrastructure, connecting financial institutions, payment institutions, and market participants. The colors reflect the company's heritage, with orange representing MEPS, blue representing MyClear, and green representing the combined entity moving forward. PayNet's bold typeface signifies its confidence, energy, and dedication to its purpose

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Company Type

Privately Held

Company Size

201-500

Year Founded

2017

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