Gkash has become a direct participant in Payments Network Malaysia (PayNet), enhancing its DuitNow QR, MyDebit, and FPX payment services. This direct connection simplifies transaction flows and provides greater control for Malaysian businesses seeking integrated payment solutions.
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RHB Bank has launched RHB Pay, which it bills as Malaysia’s first bank-owned unified payment gateway — giving businesses a single point to accept card, FPX and DuitNow Pay, with funds settled straight into RHB accounts. A second phase in Q4 2026 adds e-wallets, QR, Direct Debit and Auto Debit.
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SoftPOS — ‘tap to phone’ — lets any merchant accept contactless cards, Apple Pay and Google Pay on a standard smartphone, with no dedicated terminal, no monthly rental and no deposit. Here’s how it works, why it matters for Malaysian micro-SMEs, and where it fits alongside DuitNow QR. Sponsored by Papaya Pay Berhad.
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Bank Negara Malaysia has unveiled a three-year asset-tokenisation roadmap and moved its first ringgit stablecoin and tokenised-deposit pilots into the regulatory sandbox — with Standard Chartered, Capital A, Maybank and CIMB on board. The focus: wholesale B2B and cross-border settlement, not speculative crypto.
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Bank Negara Malaysia’s Interoperable Fund Transfer Framework (IFTF), effective July 2026, mandates the phase-out of proprietary QR payment networks by 30 June 2028 — making the interoperable DuitNow QR the single national standard. Here’s what it means for merchants, shoppers and e-wallets.
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As Malaysia weighs deeper ties with BRICS to reduce reliance on Western markets, its national QR rail — DuitNow — has quietly become a genuine geopolitical asset: 29 cross-border payment linkages and access to 100M+ merchants abroad. Here’s why payments are now diplomacy.
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Bank Negara Malaysia plans to retire proprietary QR payment networks by 30 June 2028 under its Interoperable Fund Transfer Framework. Here’s what it means for shoppers, merchants and e-wallets — in plain English.
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Singapore-founded blockchain settlement network Partior and LSEG’s Digital Settlement House (DiSH) have announced a strategic tie-up to enable 24/7 cross-border settlement-bank liquidity. The Multi-Settlement Bank solution aims to kill the pre-funded nostro/vostro friction that slows global payments, with J.P. Morgan, Deutsche Bank and Standard Chartered in testing and a production go-live targeted for Q1 2027.
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The Fed raised its benchmark rate by 25bps to 3.75%–4.00% on 16 Sep 2026 — its first hike since July 2023 — in a unanimous vote, with the dot plot signalling one more increase this year. Despite the hawkish action, Wall Street rose as the move was fully expected. For Asia, a firmer US dollar means higher hedging and settlement costs on USD corridors and fresh pressure on the ringgit.
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Part of our Asia Payment Infrastructure series. A general overview of how Thailand’s payment system works — the regulator, the PromptPay backbone, the QR standard, e-wallets, cross-border links, and the country’s CBDC exploration.
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