DuitNow
Connecting Malaysia’s Banks Through Fast and Unified QR Payments
DuitNow, launched by Payments Network Malaysia (PayNet), is a digital payment solution that simplifies interbank transfers by using a standardized QR code system. With DuitNow, users can send and receive funds instantly across different banks, enhancing convenience, speed, and security in everyday financial transactions throughout Malaysia.
Country:
Originating from Malaysia
Population (Malaysia)
33 million (estimated)
Number of Internet users
30 million (estimated)
Popular payment methods
E-wallets, Debit Cards, Credit Cards, Bank Transfers, Cash
Credit Card
0%
Debit Card
0%
Cash Payments
0%
E-Wallets
0%
Bank Transfers
0%
Other
0%
About payment system
DuitNow revolutionizes interbank transactions in Malaysia by introducing a standardized QR code format, enabling users to make seamless payments with a simple scan from their smartphones. By scanning QR codes generated by merchants or individuals, users can initiate real-time transfers across different banks without needing to enter lengthy account details or navigate complex steps.
In addition to retail transactions, DuitNow supports a variety of use cases, including peer-to-peer transfers, bill payments, and online purchases. This versatility makes it a unified platform for a broad spectrum of everyday financial activities.
DuitNow’s true value lies in its ability to enhance the efficiency and interoperability of Malaysia’s financial ecosystem. By offering a common QR code standard that works across multiple banks and payment providers, DuitNow simplifies and unifies the digital payment experience for consumers and businesses alike.
With strong encryption, a user-friendly interface, and broad adoption among financial institutions, DuitNow underscores Malaysia’s commitment to secure, innovative, and accessible digital financial services. As adoption continues to grow, DuitNow is poised to become a cornerstone of the country’s digital payment infrastructure, offering users faster, safer, and more convenient financial transactions.
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