KUALA LUMPUR: Payments Network Malaysia Sdn Bhd (PayNet) has appointed Praveen Rajan as chief executive officer (CEO)-designate effective Dec 1, 2025, following the decision of group CEO Farhan Ahmad to step down from his role on Jan 31, 2026.
In a statement today, PayNet said Farhan, who has helmed PayNet since early 2022, led the organisation through a period of significant growth and transformation, driving a 275 per cent surge in transactions via the DuitNow real-time payments system and launching financial inclusion programmes such as PayNet Cambah and PayNet Akar.
He also positioned the company at the forefront of cross-border payments and national digital innovation initiatives, including the National Fraud Portal and PayNet Fintech Hub.
Meanwhile, the company said Praveen, currently chief consumer business officer of CelcomDigi Bhd
, brings over two decades of experience in the mobile telecommunications and digital industries, with a proven track record in mission-critical, regulated, technology-driven transformations, consumer strategy and innovation.
PayNet chairman Datuk Izzaddin Idris said the company is looking forward to welcoming Praveen as CEO-designate.
He said his experience in digital transformation and customer-centric growth will be invaluable as the company enters its next phase.
PayNet said the leadership transition will be carefully managed over the coming months to ensure a smooth and seamless handover, with the leadership team executing the company’s strategic roadmap with stability and focus. - Bernama
