Wise Integrates with Malaysia's PayNet for DuitNow QR Payment Support
Wise has gained direct access to Malaysia’s national payments infrastructure, operated by Payments Network Malaysia (PayNet), enabling support for the country’s DuitNow QR payment system. This integration allows Wise app users in Malaysia to make payments by scanning DuitNow QR codes and facilitates simpler transfers of Malaysian Ringgit. The feature will be rolled out progressively across the nation over coming weeks, with coverage expected to expand nationwide. Wise is now connected directly to a domestic payment rail in its ninth market globally, following earlier integrations in Singapore, Australia, the Philippines, the UK, Europe, Hungary, Brazil, and Japan. The move aims to reduce reliance on intermediaries, potentially lowering costs and improving transaction speed. Wise also plans to offer this infrastructure access via its Wise Platform API for banks and financial institutions. This includes real-time recipient verification using MYR transfers and support for DuitNow Transfer through mobile numbers or NRICs instead of bank details.
Topics: DuitNow QR Malaysia payments infrastructure PayNet Wise