PayNet, Ant International ink MoU for international QR payments

The MoU enables DuitNow QR to be usable worldwide through Alipay+.

Payments Network Malaysia (PayNet) and Ant International strengthened their partnership through a new Memorandum of Understanding (MoU) that will enable the acceptance of Malaysia’s national QR standard, DuitNow QR, globally through Ant International's global wallet gateway, Alipay+.

With this move, Malaysian travellers will soon be able to use their local e-wallet or banking app across Alipay+’s 100 million-strong global merchant ecosystem.

The newly inked agreement covers four key focus areas: driving tourism through cross-border digital payments, strengthening fraud defences, talent development, and advancing sustainability.

The new outbound linkage expands DuitNow QR’s global reach, while providing Malaysians with seamless access abroad to their go-to payment app from home.

According to their statement, the expanded partnership builds on the success of the initial MoU signed by the two companies in August 2023, which enabled Alipay+ payments to be accepted locally through DuitNow QR. Alipay+ has allowed users of 15 international payment partners to scan-and-pay at more than 2.6 million DuitNow QR merchants across Malaysia.