KUALA LUMPUR: Bank Negara and Payments Network Malaysia Sdn Bhd are collaborating with international partners on a proof-of-concept to improve the cost and speed of cross-border payments. The central bank said the proof-of-concept, dubbed Project Nexus, will explore the feasibility of linking the real-time payment systems in Malaysia, Singapore and the eurozone area.... It said this will enable customers to send and receive cross-border payments instantly and securely.“ The results, expected to

( PayNet) and the financial industry to set up the National Fraud Portal, which is expected to be

KUALA LUMPUR: Touch ‘n Go( TNG) will be launching a new version of its card that has the capabilities of tapping into a Near Field Communication( NFC) technology in the next few weeks. TNG Digital Sdn Bhd chief executive officer Ignatius Ong said the new card will allow users to easily top up their balance using a NFC-enabled port via the TNG eWallet application.“ The Touch ‘n Go card that we have in circulation for the last 20 years does not have the capability to directly top up your cards fro

KUALA LUMPUR: Touch ‘n Go eWallet has launched the DuitNow Transfer function, allowing its users to move their money from any internet banking account directly to the eWallet in real time.In a statement on Sunday, it said that in addition to providing users with greater function and flexibility, this supports Touch ‘n Go eWallet’s expansion into the digital financial services space. With the DuitNow Transfer function, Touch ‘n Go eWallet is now interoperable and part of a larger payments ecosyst

KUALA LUMPUR: Public Bank Group has extended its PBe QR service to support DuitNow QR Cross Border Payment between Malaysia and Thailand.In a statement on Monday, Public Bank said it is he first bank in Malaysia to enable the DuitNow QR Cross Border Payment which facilitates retail-based QR payment between the two countries. Importantly, this move will pave the way forward when the borders are reopen post pandemic.It also said the bank will continue to foster close collaboration with Payment Net

KUALA LUMPUR: Public Bank customers can now make instant payments with the DuitNow QR Cross Border Payment between Malaysia and Indonesia or Thailand via Public Bank's PBe QR Service.... Similarly, customers from Indonesia and Thailand can use their home countries' banking accounts to pay merchants in Malaysia.... This initiative marks a new milestone since Public Bank’s launching of the nation’s first DuitNow QR Cross Border Payment Acceptance in June 2021 to facilitate international QR Payme

PETALING JAYA: The surge in RHB Banking Group’s merchant transactions over the past year has seen the banking group raising the benchmark by integrating the DuitNow QR via application programming interface( API) connectivity. Its head of group transaction banking, Chung Chee Kai,( pic) said in a statement that transactions have been growing rapidly over the past year, or more than a 10-fold increase to about 120, 000 transactions as at end-May 2021.“ With this API integration, we expect to onboa

KUALA LUMPUR: The National Higher Education Fund Corporation( PTPTN), through the National Education Savings Scheme( Simpan SSPN), has successfully recorded RM17. 39bil in deposit receipts as of December 2023, with 6.25 million accounts recorded since the scheme was introduced in 2004. PTPTN chairman Datuk Norliza Abdul Rahim in a statement Thursday( March 14) said that this remarkable achievement proves PTPTN's efforts to transform the mindset of the community to cultivate savings practices, th