Revenue Group to beef up payment ecosystem for PayNet

TheStar Mon, Nov 16, 2020 12:10pm - 3 years View Original


Revenue managing director and group CEO Datuk Eddie Ng Chee Siong said upon completion, the platform will be integrated with and used by more than 30 banks throughout Malaysia.

KUALA LUMPUR: Payment solutions provider Revenue Group Bhd will build a crucial component in payment ecosystem for Payments Network Malaysia Sdn Bhd (PayNet) to be used in Malaysia.

The company said on Monday it had secured a contract to provide the MyDebit tokenisation platform for PayNet – which is the national payments network and central infrastructure for Malaysia’s financial markets.

Bank Negara Malaysia is PayNet’s single largest shareholder with 11 Malaysian banks as joint shareholders.

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