PayNet (Payments Network Malaysia)

Payments Network Malaysia (PayNet) 200801035403 (836743-D) is Malaysia's premier payments network and central infrastructure for financial markets. We innovate, build and operate world-class payment systems and financial market infrastructures that safely, reliably and efficiently enable the functioning and development of Malaysia's financial system as well as the economy as a whole. Bank Negara Malaysia is PayNet's single largest shareholder, with eleven Malaysian financial institutions as joint shareholders Our Services: Securities Services - facilities custody of all unlisted debt securities in Malaysia covering the entire bond lifecycle from issuance to trade settlement and depository Fully Automated System for Tendering (FAST) - facilitates issuance and tendering for all government securities, BNM papers, private debt securities and money market instruments Sistem Penjelasan Imej Cek Kebangsaan (eSPICK) - Malaysia's national cheque clearing house. Interbank GIRO (IBG) - Facilitates account-to-account credit transfers between banks in Malaysia. JomPAY - Malaysia's national bill payment scheme MyDebit - Malaysia's domestic debit card scheme FPX - Direct-to-bank Internet payment gateway, which facilitates Internet payments and e-commerce purchases using savings and current accounts. Direct Debit - Allows billers to debit a consumer's bank accounts on a periodic basis to collect recurring payments. Shared ATM Network and MEPS ATM - Enables bank customers to conveniently access their funds from more than 10,000 ATMs in Malaysia Instant Transfer - Allows bank customers to transfer funds immediately. Smart Card and Certification Services - Provides certification of chip cards, acceptance terminals, and payment systems Currency notes processing for Bank Negara Malaysia