GrabPay ties up with PayNet to adopt DuitNow QR

KUALA LUMPUR: Payments Network Malaysia (PayNet) and Grab have announced a landmark collaboration that will make GrabPay the first e-wallet to adopt DuitNow QR, Malaysia’s National QR Standard.

DuitNow QR is established under Bank Negara’s Interoperable Credit Transfer Framework (ICTF), which mandates that PayNet, as the country’s shared payment infrastructure provider, implements an interoperable and common QR standard for Malaysia.