PayNet launches DuitNow QR cross-border payments through Alipay+, covering 5 destinations
PayNet enables malaysian mobile banking app users to make overseas DuitNow QR payments via Alipay+
AI-assisted source summary · not independently verified. Content standards
PayNet has launched a DuitNow QR cross-border payment connection through Alipay+, allowing Malaysian users to scan and pay at participating merchants in mainland China, the Hong Kong Special Administrative Region, South Korea, the Philippines and Laos using local banking apps supported by Maybank, CIMB and Hong Leong Bank. Users can confirm transactions within their existing banking apps without downloading additional apps or creating an Alipay+ account; Bank Islam is expected to join soon, with more banks, e-wallets and markets to be connected gradually.
The material sets out the markets covered, the first participating banks and the payment process, which does not require users to open a separate account, making it useful for assessing the practical reach of this cross-border QR connection.
Source:Fintech News · fintechnews.org