KUALA LUMPUR: Payments Network Malaysia Sdn Bhd (PayNet) said Praveen Rajan has assumed the role of CEO, effective Feb 1, 2026.
Praveen's appointment was announced in September 2025, following which he joined PayNet as CEO-designate on Dec 1, 2025.
"Over the past two months, he has worked closely with his predecessor and the leadership team to support a smooth and orderly handover," said PayNet in a statement.
According to the national payments infrastructure firm, Praveen brings extensive experience leading large-scale, mission-critical and regulated organisations, with a strong track record in digital transformation, operational resilience, and stakeholder engagement.
PayNet’s strategic priorities remain unchanged, with continued focus on reliability, security, financial inclusion, fraud prevention, and the advancement of the nation’s digital payments ecosystem.
Praveen succeeds Farhan Ahmad, who concluded his tenure on Jan 31, 2026, after leading PayNet through a period of significant growth and strengthening its role as Malaysia’s shared payments infrastructure.
