Wise Integrates Directly With Malaysia’s PayNet to Support DuitNow Payments
Wise has integrated directly into Malaysia's national payments network, PayNet, becoming the ninth global market and fifth in Asia-Pacific where it connects with a domestic payment system. This integration enables Wise users to scan and pay via DuitNow QR codes within the app for instant transactions using Malaysian Ringgit (MYR). The move enhances transaction speed and reduces reliance on traditional intermediaries. The connection also allows banks and financial institutions to use real-time recipient verification through the Wise API, improving security during MYR transfers. Additionally, users can send money instantly via DuitNow Transfer by entering a mobile number or NRIC instead of complex bank details.
Topics: domestic_payments_system DuitNow Malaysia Wise