Revenue Group to provide platform for PayNet


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

PETALING JAYA: 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 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.

Bank Negara is PayNet’s single largest shareholder with 11 Malaysian banks as joint shareholders.

To formalise the deal, its subsidiary Revenue Secure Sdn Bhd had signed an agreement with PayNet for the contract.

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

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