Revenue Group to beef up payment ecosystem for PayNet


Revenue managing director and group CEO Datuk Eddie Ng Chee Siong said upon completion, the platform will be integrated with and used by more than 30 banks throughout Malaysia.

KUALA LUMPUR: Payment solutions provider Revenue Group Bhd will build a crucial component in payment ecosystem for Payments Network Malaysia Sdn Bhd (PayNet) to be used in Malaysia.

The company said on Monday it had secured a contract to provide the MyDebit tokenisation platform for PayNet – which is the national payments network and central infrastructure for Malaysia’s financial markets.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit likely to trade within 4.04-4.07 range next week
China equities set to shine
Markets look beyond Venezuela shock
Banking on trust
The puzzling MMAG premium exit that wasn’t
Offering luxury for less
Banks snatch up mortgage bonds
EV dreams, petrol reality
Semiconductors still in US crosshairs
Underrated threat of AI-driven inflation�

Others Also Read