CEO Farhan Ahmad will step down from his role on Jan 31, 2026
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.
