Alipay+ Powers 80% of DuitNow QR’s Cross Border Payments in Malaysia

Quick Summary:

A collaboration between Payments Network Malaysia (PayNet) and Ant International has significantly boosted opportunities for Malaysian SMEs.

Malaysian merchants experienced a six-fold increase in revenue in December 2024 compared to the previous year.

Alipay+ now accounts for over 80% of cross-border QR payments via DuitNow.

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Article Details

Category: StartupsBusinessTechnology

Markets: MalaysiaAustraliaNew Zealand

Topics: Payments Ant International E-Wallets PayNet Alipay

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 08:52:19 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fintechnews.my

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fintech News Malaysia

News ID: 27077744

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About Fintech News Malaysia

Main Topics: StartupsBusinessTechnology

Official Website: fintechnews.my

Year Established: 2017

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #74

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