Highlights

Paynet to launch DuitNow money transfer service in December

 Publish date: Mon, 22 Oct 2018, 07:57 PM

KUALA LUMPUR: Some 40 local and foreign banks are expected to offer DuitNow, a new electronic payment service from Payments Network Malaysia Sdn Bhd (PayNet).
 
DuitNow allows customers to transfer money securely and instantly using recipients mobile number.
 
Bank Negara Malaysia is the single largest shareholder in the company and PayNet is supported by 11 major financial institutions as its joint shareholders.
 
Group chief executive officer Peter Schiesser said currently, seven banks had embarked on the initiative and offer the service to their customers for pre-registration. By December, the number of banks is expected to reach 14.
 
During the pre-registration, seven million consumers had been notified of the initiative by participating banks, and PayNet expected more after the launch in December 2018, Schiesser said during a media briefing on DuitNow here today.
 
By using the mobile number, registered DuitNow users can easily and instantly receive funds instead of having to provide their banks account numbers to payers.
 
Schiesser further explained that only a one-time registration with the respective banks was needed to receive payments and bank customers do not need to register with DuitNow to make payments.
 
“When the service is launched in December, customers may make payments by accessing DuitNow under ‘fund transfer’ menu on their respective banks’ Internet and mobile banking channels. Payments of up to RM5,000 is free for consumers and Small and Medium Enterprises,” he added.
 
Apart from the newly-launched DuitNow, Paynet is also the provider of Real Time Electronic Transfer of Funds and Securities (RENTAS), Fully Automated System for Tendering (FAST), Interbank GIRO and JomPAY, MyDebit, and FPX, among others.
 
 - BERNAMA
Share this

  Be the first to like this.
 


 

388  300  484  704 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.29-0.005 
 FGV 0.945+0.015 
 VS 0.875+0.03 
 PRESBHD 0.345-0.045 
 MYEG 1.08+0.03 
 ARMADA 0.155-0.01 
 A50CHIN-C32 0.31+0.005 
 TATGIAP 0.115-0.02 
 ZELAN 0.070.00 
 DSONIC 0.515+0.025 

TOP ARTICLES

1. 火中取栗拼油气(中) 赚钱只争5年/冷眼 【冷眼专栏】漫漫投资路
2. How Can Malaysia Become a Developed Nation? Koon Yew Yin Koon Yew Yin's Blog
3. Carimin - Technical Sell PublicInvest Research
4. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
5. 威城中短期业务低迷 星洲日報/投資致富‧企業故事
6. How Warren Buffett decides to invest/reject a business in under 15 minutes - WikiHow the bursa journey that worked for me. 2000-2019
7. [转贴] 参观karex工厂 ~ 第一天 Good Articles to Share
8. [转贴] 熊市之中,埋藏了无数能让你的身家,实现三级跳飞跃的机会 - GP Alfred Chen Good Articles to Share
Partners & Brokers