Payments Network Malaysia (PayNet) and Ant International have signed a new agreement to expand their partnership. This new Memorandum of Understanding (MoU) will allow Malaysians traveling abroad to use their local e-wallets and banking apps for payments through DuitNow QR.
This is made possible by connecting DuitNow QR to Ant International’s global wallet gateway, Alipay+. The partnership provides Malaysian travelers with access to Alipay+’s network of 100 million merchants worldwide.
The agreement focuses on four key areas:
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Promoting tourism through cross-border digital payments.
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Enhancing fraud protection.
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Developing talent.
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Advancing sustainability.
This new collaboration builds on their previous agreement from August 2023, which allowed 15 international payment apps using Alipay+ to be accepted by over 2.6 million DuitNow QR merchants in Malaysia. The expanded partnership now makes the DuitNow QR system globally accessible for Malaysian users.
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