KUALA LUMPUR: Payments Network Malaysia Sdn Bhd (PayNet) has launched a three-month FinTech ePayment Accelerator Programme 2022 to support and advance high potential financial technology companies’ (FinTech) capabilities and further accelerate ePayments adoption in Malaysia.
In a statement today, it said the programme focuses on ideas and solutions that could address problem statements, namely, the adoption of ePayments, improvement to existing products and introduction of new business solutions.
Group chief executive officer Peter Schiesser said the programme is timely and relevant as part of the efforts to develop a future-ready digital payments infrastructure and help Malaysia transition towards a digital economy.
"I urge potential FinTechs to seize this opportunity to showcase their solutions and participate in expanding the country’s digital ecosystem and advancing financial inclusion,” he said.
Applications for the programme is open until April 30, 2022, and could be submitted online at https://www.paynet.my/FinTech-epayment-accelerator-programme.
"Submissions should consist of a pitch deck or a video presentation addressing the problem statement and include an introduction of the team,” said PayNet.
It said applicants would be shortlisted based on the ideas and solutions submitted, and shortlisted applicants will advance to a pitching session in June 2022 where they will present to a panel of judges on why their ideas should progress to a proof-of-concept (POC).
"Successful FinTechs will be awarded a grant of up to RM500,000 to support the execution of the POC and will have the opportunity to work with PayNet’s extensive ecosystem of banks, e-wallets and third-party acquirers," it added. - Bernama
In a statement today, it said the programme focuses on ideas and solutions that could address problem statements, namely, the adoption of ePayments, improvement to existing products and introduction of new business solutions.
Group chief executive officer Peter Schiesser said the programme is timely and relevant as part of the efforts to develop a future-ready digital payments infrastructure and help Malaysia transition towards a digital economy.
"I urge potential FinTechs to seize this opportunity to showcase their solutions and participate in expanding the country’s digital ecosystem and advancing financial inclusion,” he said.
Applications for the programme is open until April 30, 2022, and could be submitted online at https://www.paynet.my/FinTech-epayment-accelerator-programme.
"Submissions should consist of a pitch deck or a video presentation addressing the problem statement and include an introduction of the team,” said PayNet.
It said applicants would be shortlisted based on the ideas and solutions submitted, and shortlisted applicants will advance to a pitching session in June 2022 where they will present to a panel of judges on why their ideas should progress to a proof-of-concept (POC).
"Successful FinTechs will be awarded a grant of up to RM500,000 to support the execution of the POC and will have the opportunity to work with PayNet’s extensive ecosystem of banks, e-wallets and third-party acquirers," it added. - Bernama
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