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Alipay+& PayNet team to promote payments for Malaysian travellers

By Delisha Fernandes

August 29, 2023

  • Alipay
  • Ant Group
  • Cross Border Payments
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Alipay+, PayNet , cross-border payments , merchants , mobile banking, e-wallets, Ant Group, digital payments, QR code payments, FinTech news, FinTech Malaysia

Alipay+, a mobile payment and marketing solutions provider, has announced its partnership with PayNet to offer payment services to inbound and outbound Malaysian travellers.

This partnership will expand cross-border payments acceptance at 1.8 million merchants in Malaysia with five Asian e-wallets as the first batch, and more to come in the following months.

By the end of this year, users of five leading Asian e-wallets, including AlipayHK (Hong Kong SAR), GCash (Philippines), Kakao Pay (South Korea) and TrueMoney (Thailand), will be able to use cashless payments when they travel to Malaysia with Alipay+, the global cross-border digital payments and marketing solutions operated by Ant Group, by scanning DuitNow QR.

The partnership will enable all Malaysian e-wallets supported by PayNet to be accepted by Alipay+ merchants network globally in 2024. Beyond payments, Ant Group and PayNet will also collaborate on joint digital marketing efforts to enhance visibility of businesses directly within the users’ e-wallets.

Gary Yeoh, Chief Commercial Officer of PayNet, said, “This partnership between PayNet and Alipay+ is forged at a vital time when overseas travel and tourism have fully resumed, and rapidly increasing. Consumers and merchants in both countries who are already accustomed to digital payments expect the same seamless and hassle-free experience when travelling overseas. They also expect this to be conducted at competitive exchange rates. This collaboration will address both these needs.”

Alipay+ is a suite of cross-border digital payments and marketing solutions designed to enable businesses, especially small and medium-sized businesses, to process a wide range of mobile payment methods and reach more than 1 billion regional and global consumers, through one-time integration and simple technical adaption.

Cherry Huang, General Manager of Alipay+ Offline Merchant Services, Ant Group, said, “Alipay+’s collaboration with PayNet is a significant development for regional travellers. We are jointly making efforts to bring local businesses and international visitors closer together, offering not just convenience to tourists but greater opportunities and visibility for Malaysian businesses. Travellers today have greater expectations when they travel, particularly the use of digital solutions to enhance their experience.”

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