PayNet (Payments Network Malaysia)

PayNet Data Lake team recently collaborated with Amazon Web Services (AWS) to host an electrifying #QuickSight Workshop at the AWS office. Amazon QuickSight is a powerful cloud-scale business intelligence (BI) tool that delivers game-changing insights with stunning visualisations. Its customisable #dashboards make it a breeze to navigate—even for those with zero #analytics experience! After an engaging introduction to QuickSight, participants from across divisions took part in a mini contest to design the best QuickSight dashboard based on a sample. This fostered cross-division collaboration and highlighted the potential of data visualisation to drive effective decision-making. Kudos to the PayNet Data Lake team and AWS for organising this insightful workshop! 👏 #PayNet #AWS #AmazonQuickSight 

We had another incredible session at the #AI Jam last week, where industry leaders, innovators, and AI enthusiasts came together to explore the transformative potential of AI. Here are some key takeaways:     Zuhairi Zubir, Head of AI Strategy at PETRONAS, delivered a thought-provoking talk on blending #Generative AI (#GenAI) with traditional AI to create scalable, responsible solutions. He also debunked five common misconceptions about AI:     1)       GenAI doesn’t make traditional AI obsolete - they complement each other to drive #innovation.   2)       AI isn’t just about #technology and automation; it thrives on strong strategy, agile governance, and people-centred thinking.   3)       AI won’t take over jobs but instead will reshape roles and create new opportunities.   4)       AI isn’t free from bias or entirely neutral; it’s a reflection of its training data, requiring human oversight to ensure fairness.   5)       AI isn’t a one-size-fits-all solution; effective strategies must be tailored to specific needs.     May Ching Ng, CIO of Maxis, and Mohd Amin, Head of Digital Platforms and IT, showcased practical GenAI tools, from smart bots to Microsoft Copilot. They attributed their success to fostering a culture of #collaboration, continuous #learning, and #ethical practices. 💡   Daren Tan, CEO of ALPHV Technologies & Developer Kaki, wrapped up the session with an inspiring call to adopt AI purposefully while staying vigilant against #scams using AI in this fast-evolving landscape.    That wraps up the second week of the AI Jam—many more exciting sessions are coming up. Stay tuned! ✨ #PayNetAIJam #AIJamMonth #AIJam #PayNet

“Welcome to the revolution” One sentence, yet it echoed many “promises”. The sentence was mentioned by MEPS in an extract from the New Straits Times in June 1999. Even back then MEPS acknowledged its valuable position in leading the electronic payment revolution for Malaysia.   ATMs, Secure Electronic Transaction (SET) (online payment system), and MEPS Cash (prepaid card) were all introduced in stages, signifying MEPS’ continuous commitment and inspiring #cashless vision for the people.   Fast forward to 2024, #PayNet continues to build on MEPS’ legacy with services and products that are integral to Malaysians’ lives. #DuitNow, #FPX, #MyDebit and #JomPAY have become an instinctive reflection of our payment habits, every day. Transactions and daily errands are deeply interconnected, and the advancements of these payment services have made everything easier. They save our time and effort, leaving room for more meaningful connections.   As we thrive to build and improve the payment infrastructure for Malaysia, and beyond, we applaud the promises MEPS has fulfilled and the progress we’ve built together. The future of payment technology can be uncertain, but one thing we can assure you: PayNet will strive to make the best of it! #PayNet #ThrowbackFriyay #DigitalPayments

Today, we celebrate the graduation of PayNet’s inaugural Program Akar, powered by #AWS re/Start! In collaboration with Amazon Web Services (AWS), this initiative has trained 50 visionary students, equipping them with globally recognised AWS Cloud Practitioner Certifications, hands-on experience in digital payments, and invaluable mentorship from leading Financial Services Industry (FSI) organisations. These graduates are now ready to play a pivotal role in Malaysia’s digital transformation. This success was achieved through our collaboration with World Education Placement Services (WEPS), Asia Pacific University of Technology and Innovation (APU / APIIT), and FSI partners, including Bank Negara Malaysia, Maybank, Public Bank and others. The event included a panel discussion, ‘Future-Proofing the Industry: Values-Based Early Talent Development of Visionary Leaders’, featuring our GCEO Farhan Ahmad, Peter Murray, Country Manager of AWS Malaysia, Thomas Mathew, GCEO of Talent Corporation Malaysia Berhad (TalentCorp), and Datuk (Dr.) Nora A Manaf, Former Group Chief Human Capital Officer of Maybank. They highlighted the importance of pairing technical skills with core values such as #integrity, #grit, and #leadership. With the next cohort launching in Q1 2025, Program Akar continues to address #Malaysia’s digital talent gap for the #FSI. Congratulations to all #graduates and those who made this milestone possible! #ProgramAkarPoweredByAWS #ProgramAkar #PayNetAkar #PayNet #AWSreStart #DigitalTransformation #FutureLeaders #MalaysiaFSI #DigitalEconomy #GraduationDay

PayNet is proud to have partnered with S PAY GLOBAL to transform how transactions are made across Sarawak by linking DuitNow QR to the state-owned eWallet. S PAY GLOBAL currently has over 770,000 registered users and more than 91,000 merchants. The launch was held recently during Bank Negara Malaysia’s Karnival Celik Kewangan (KCK) at Vivacity Megamall, Kuching.   PayNet Senior Director of Commercial Division, Azrul Fakhzan Mainor emphasised that this integration will make S PAY GLOBAL interoperable, which allows #Sarawakians to enjoy seamless, fast, and secure cashless transactions at over 2 million DuitNow QR touchpoints nationwide. This will enable them to have more options to make payments, transfer funds and manage transactions.   Deputy Premier, Datuk Amar Douglas Uggah Embas on behalf of Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg, highlighted that S PAY GLOBAL will soon support Cross-Border QR, allowing tourists to make payments through Malaysia's national QR. This is hoped to boost Sarawak's economy and promote financial literacy among rural communities, and beyond.   Together with S PAY GLOBAL, we are advancing Sarawak's digital transformation and paving the way towards a #cashless future for Malaysia!   #PayNet #DuitNow #SPAYGlobal #Sarawak #KCK2024 

Shape the future of Open Finance in Malaysia by transforming your ideas into groundbreaking solutions that drive innovation and impact. Collaborate, innovate, and compete for incredible prizes! 🏆🏅 Apply by 20th Nov: jomhack.com/payhack2024 #PayNet #PayHack2024 #Hackathon #OpenFinance #Innovation #FinTech

Throwback to our vibrant Deepavali 2024 celebration on 8th November! ✨ A day filled with joy, unity, and culture - henna sessions, kolam creations, exciting games, and a bolly-good group dance to wrap it all up. Here’s to cherishing these moments and celebrating togetherness as one PayNet family! 🧡   #LifeatPayNet

PayNet's inaugural AI Jam Month has officially launched this week, marking the beginning of an ambitious journey to revolutionize our future through artificial intelligence. This month-long AI Jam isn't just another corporate initiative—it's our platform to shape the future of PayNet and the industry leveraging artificial intelligence (#AI), machine learning (#ML), and Generative AI (#GenAI). Together, PayNet is not just adapting to changes brought by AI; we're driving it. During the launch, our Group Chief Executive Officer, Farhan Ahmad, set the tone with a compelling message about AI's transformative potential, emphasising PayNet’s readiness to lead this evolution. Our Chief of Staff, Dr. Endry Lim Zhen Wen shared insights on Sovereign AI and Financial GPT, highlighting PayNet's pivotal role in this shift. Attendees also enjoyed an exclusive preview of our in-house chatbot, a project led by Jarod Tan with enthusiastic support from interns in the CISO office! This #chatbot, built from scratch by a team diving into #GenAI and #LLM with no prior experience, exemplifies the power of #curiosity and #ambition. We were also delighted to hear from Carl T., and Eric Looi from Microsoft, who discussed the role of Copilot in shaping our daily work. To wrap up the launch, we had a teh tarik session where our Chief of Information Security Officer, Meling Mudin and his 'AI guest' kept the conversation going. The session demonstrates how seamlessly AI can enhance our daily interactions and spark meaningful conversations! And this is just the beginning! Next week, industry leaders from PETRONAS, Maxis, and ALPHV Technologies will join us for more AI discovery. Here’s to the future of AI, let’s together make it happen!  #PayNet #PayNetAIJam #AI #Technology

PayNet recently had the privilege of hosting the Malaysia Open Finance Conference & Workshop 2024 at Sasana Kijang, where industry leaders and experts gathered to explore the transformative potential of open finance in Malaysia. This pivotal event spotlighted how open finance, an evolution of open banking, enables customers to share their financial data securely, creating pathways for more efficient and customised solutions. PayNet's Group CEO, Farhan Ahmad highlighted open finance as a key shift for a more inclusive, efficient and transparent financial ecosystem in Malaysia. He also emphasised PayNet's role and the importance of industry collaboration in building secure, scalable and customer-focused infrastructure to support this vision.   Assistant Governor of Bank Negara Malaysia, Suhaimi Ali, stressed the need to give Malaysians greater control over their data in a trusted environment. He also mentioned that Bank Negara Malaysia is committed to working closely with PayNet and the industry to build an open finance infrastructure that ultimately uplifts customers' livelihood.   The industry experts also shared insights, including former Chief Architect of Aadhaar, UPI, and India Stack, Dr. Pramod Varma, who highlighted the importance of a unified financial ecosystem, or "#Finternet" and how India's approach to open finance can be a valuable model for Malaysia. Amazon Web Services (AWS) ASEAN Principal Architect, Alessio Basso then spoke on building a scalable cloud infrastructure to ensure the success of open finance.   The panel discussion that was moderated by PayNet's Senior Director, Head of Strategy & ESG, Azleena Idris brought together industry experts, Nilixa Devlukia of Payments Solved, Lauren Jones of Raidiam & Byoungmin(Linus) L. of Korea Financial Telecommunications & Clearings Institute (KFTC). All panellists shared valuable experience and collective benefits of their open finance journey across the world.   PayNet looks forward to embark on this journey with the industry in shaping the future of open finance in Malaysia. Together, let's pave the way towards a more #connected, #inclusive and #innovative financial ecosystem for Malaysia, and beyond. ✨   #PayNet #OpenFinance #PayNetConnect

PayHack is back this year!   Join Malaysia’s premier FinTech hackathon and bring your innovative ideas to life at PayHack 2024! This year, we’re pushing the boundaries of Open Finance, empowering entrepreneurs, developers, and innovators to build cutting-edge digital solutions that will shape the future of finance in Malaysia.   Don’t miss out on the chance to collaborate with other talented innovators, gain exclusive insights, and compete for incredible prizes!   Spots are filling fast, so apply now before 20th Nov: jomhack.com/payhack2024   Stay tuned for more updates from us soon! 👀   #PayHack2024 #Hackathon #OpenFinance #Innovation #FinTech