DuitNow

Malaysia’s instant payment network connecting banks, e-wallets, and consumers through QR and real-time transfers

Overview

DuitNow is Malaysia’s national instant payment network operated by PayNet. It enables individuals and businesses to send and receive money instantly using identifiers such as mobile numbers, NRIC, or business registration numbers. DuitNow also powers the DuitNow QR — a standardized national QR code that allows interoperable payments across all major Malaysian banks and e-wallets

Key Services / Solutions

DuitNow offers real-time transfers between banks and e-wallets  It also supports merchant payments through DuitNow QR, enabling seamless interoperability between banking apps and e-wallets  Merchants can accept payments from multiple providers using a single QR code  The platform supports both peer-to-peer and business transactions, integrating instant settlement and secure authentication

Supported Payment Methods

Instant bank transfers via mobile number, NRIC, or business ID

DuitNow QR payments for in-store, online, and P2P transactions

Integration with e-wallets such as GrabPay, Touch ‘n Go eWallet, and Boost

Target Markets / Regions

DuitNow operates in Malaysia and is supported by all major financial institutions, including Maybank, CIMB, and Public Bank. It’s widely used by both consumers and merchants for domestic transactions and is expanding to support regional interoperability under ASEAN QR initiatives

Strengths / Differentiators

Nationwide coverage across banks and wallets

Instant, secure, and low-cost domestic transfers

Unified QR code system for all payment providers

Strong regulatory support from Bank Negara Malaysia

Key enabler of ASEAN cross-border payment standardization

Want to know more about DuitNow?
Contact Bizz2Pay today to discuss your requirements or get introduced to the right DuitNow team member or Payment Provider accepting DuitNow