{"id":2800,"date":"2026-01-20T17:46:52","date_gmt":"2026-01-20T17:46:52","guid":{"rendered":"https:\/\/malaysian-business.com\/wptest\/2026\/01\/20\/grabpay-partners-with-paynet-to-adopt-duitnow-qr-malaysias-national-qr-standard\/"},"modified":"2026-01-23T17:52:57","modified_gmt":"2026-01-23T17:52:57","slug":"grabpay-partners-with-paynet-to-adopt-duitnow-qr-malaysias-national-qr-standard","status":"publish","type":"post","link":"https:\/\/malaysian-business.com\/portal\/2026\/01\/20\/grabpay-partners-with-paynet-to-adopt-duitnow-qr-malaysias-national-qr-standard\/","title":{"rendered":"GrabPay Partners with PayNet to Adopt DuitNow QR \u2013 Malaysia\u2019s National QR Standard"},"content":{"rendered":"<p><strong>Kuala Lumpur, 1 November<\/strong>, Payments Network Malaysia (PayNet) and Grab, Southeast Asia\u2019s leading everyday app, announced a landmark collaboration that will make GrabPay the first e-Wallet to adopt DuitNow QR, Malaysia\u2019s National QR Standard.\u00a0<\/p>\n<p>DuitNow QR is established under Bank Negara Malaysia\u2019s Interoperable Credit Transfer Framework (ICTF). ICTF mandates that PayNet, as the country\u2019s shared payment infrastructure provider, implement an interoperable and common QR standard for Malaysia.\u00a0 Four Banks are already offering DuitNow QR in their mobile banking apps, with 25 Banks expected to implement DuitNow QR over the next six months.<\/p>\n<p>DuitNow QR will foster an efficient, competitive and innovative payment landscape in Malaysia by enabling interoperability, promoting collaborative competition and providing fair and open access to the shared payment infrastructure. Through DuitNow QR, users can make payments from any participating Banks or e-Wallets\u2019 mobile apps.\u00a0 Merchants would only need to display one QR Code, the DuitNow QR, to accept payments.<\/p>\n<p>\u201cAt the moment, e-Wallet providers are incurring substantial acquiring costs for merchants since they are each signing up the same set of merchants for their respective proprietary networks.\u00a0 With DuitNow QR, a merchant needs to sign up with only one Bank or e-Wallet acquirer, and customers of all participating Banks and e-Wallets would be able to make DuitNow QR payments to the merchant using their respective mobile apps,\u201d said <strong>Mr Peter Schiesser, Group Chief Executive Officer, PayNet<\/strong>.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>Since the announcement of Grab\u2019s, strategic partnership with Maybank and the launch of GrabPay (Grab\u2019s in-app e-wallet), GrabPay has been reimagining the future of digital payments in Malaysia and across the region, especially with the vision to be the everyday e-wallet, meeting the daily needs of users. Coupled with the constant introduction of new features and a rapidly growing partner network of both financial institutions and local merchants, this has significantly increased the adoption of virtual payments innovatively, which is in line with the government\u2019s push to move Malaysia forward in the digital economy and cultivating a cashless society. With its admission to the DuitNow QR scheme, Grab will add DuitNow QR support in the Grab app by the first half of 2020.<\/p>\n<p>\u201cWe are honoured to be the first e-Wallet to adopt DuitNow QR. With this partnership, we are confident that it will propel GrabPay further to provide a seamless and safe payment method for customers and merchants. The fact that DuitNow QR is interoperable, firstly, simplifies and provides users with a frictionless whilst rewarding payment method for consumers whilst providing our merchants a safe and cost effective way to collect payments. Our strategy has always been focused on being hyperlocal, and our partnership with PayNet is yet another example of being customer centric in our approach in growing Malaysia\u2019s cashless society as it makes it even more affordable and accessible for all Malaysians to do so,\u201d said <strong>Ooi Huey Tyng, Managing Director of GrabPay Malaysia, Singapore and the Philippines<\/strong><\/p>\n<p>DuitNow QR is an extension of the DuitNow service launched in December 2018, which allows Bank customers to transfer money instantly and securely on a 24\/7 basis at Banks\u2019 Internet or mobile banking channels.\u00a0 DuitNow fund transfers can be directed using the recipients\u2019 mobile numbers, MyKad or business registration numbers.<\/p>\n<p>Following the path set by Grab, another 15 e-Wallet providers and non-bank merchant acquirers have also applied to participate in DuitNow.\u00a0 \u201cPotential participants undergo a rigorous assessment and due diligence process before admission into the DuitNow scheme as we place great emphasis on the safety, security and stability of our payment eco-systems,\u201d added Mr Schiesser.\u00a0<\/p>\n<p>Grab\u2019s entry into the DuitNow eco-system coupled with the upcoming participation of all retail Banks and major e-Wallets in Malaysia will cement DuitNow QR as the QR payment solution for Malaysia, providing a convenient, cost-effective, and ubiquitous payment option for all merchants and consumers in the country.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kuala Lumpur, 1 November, Payments Network Malaysia (PayNet) and Grab, Southeast Asia\u2019s leading everyday app, announced a landmark collaboration that will make GrabPay the first e-Wallet to adopt DuitNow QR, Malaysia\u2019s National QR Standard.\u00a0 DuitNow QR is established under Bank Negara Malaysia\u2019s Interoperable Credit Transfer Framework (ICTF). ICTF mandates that PayNet, as the country\u2019s shared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-2800","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=2800"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2800\/revisions"}],"predecessor-version":[{"id":3859,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/2800\/revisions\/3859"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=2800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=2800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=2800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}