Who We Are

Payments Network Malaysia Sdn Bhd (PayNet) is the holding company for the PayNet Group which comprises of two main subsidiaries namely, Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency Management Sdn Bhd (MCM). The PayNet Group 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 (BNM) is PayNet's single largest shareholder, with eleven Malaysian's financial institutions namely, Malayan Banking Berhad, RHB Bank Berhad, Public Bank Berhad, CIMB Bank Berhad, AmBank (M) Berhad, Hong Leong Bank Berhad, Affin Bank Berhad, Alliance Bank Malaysia Berhad, Bank Islam Malaysia Berhad, Bank Muamalat Malaysia Berhad and Bank Kerjasama Rakyat Malaysia Berhad, as joint shareholders.

Our services


Real Time Electronic Transfer of Funds and Securities (RENTAS) - Real-time gross settlement of wholesale funds transfers and securities trades denominated in Ringgit as well as Renminbi. RENTAS' Renminbi settlement service supports Malaysia's role as a recognised off-shore Renminbi clearing hub.

Debt Securities Services - end-to-end facilities for issuers, arrangers and investors covering the entire bond lifecycle from issuance to trade settlement and depository:

  • Fully Automated System for Tendering (FAST) - automated issuance and tendering system for all government securities, BNM papers, private debt securities and money market instruments, as well as a repository of reference information of all active debt securities issued in Malaysia.
  • RENTAS Depository - facilities custody of all unlisted debt securities in Malaysia. Today, we operate the largest depository for sukuk instruments in the world, as well as the largest debt securities depository in ASEAN.

Sistem Penjelasan Imej Cek Kebangsaan (eSPICK) - Malaysia's national cheque clearing house.

Interbank GIRO (IBG) - A funds transfer system that allows account-to-account credit transfers between 42 participating banks in Malaysia.

JomPAY - Malaysia's national bill payment scheme where customers can pay any registered biller from Internet or Mobile banking by drawing funds from Current, Savings or Credit Card accounts. Billers need only sign up with one bank to collect payments via 42 banks.

MyDebit - Malaysia's domestic debit card scheme, which allows point-of-sale payments using ATM cards issued by banks in Malaysia.

FPX - Direct-to-bank Internet payment gateway, which facilitates Internet payments and e-commerce purchases using savings and current accounts.

Direct Debit - Allows billers and merchants to debit a consumer's bank accounts on a periodic basis to collect recurring payments.

DuitNow - A simple and convenient way to pay instantly to any mobile number and NRIC number.


Shared ATM Network and MEPS ATM - Enables bank customers to conveniently access their funds anywhere from more than 10,000 ATMs of participating banks.

Instant Transfer - Allows bank customers to transfer funds immediately.

Cross-Border Cash Withdrawal - This service offers participating banks’ customers the convenience of making cash withdrawals via ATM in the participating countries.

Smart Card and Certification Services - Provides functional and security testing as well as certification of chip cards, acceptance terminals, mobile payment products and payment systems.


Currency Notes Processing - Banknotes processing where used banknotes from Bank Negara Malaysia are collected for sorting and redistribution.

Cash Management Services - Offers cash management services to all commercial banks in Malaysia.

Our Vision

Accelerate Malaysia’s growth and prosperity, through the provision of trusted, world-class payment systems and financial market infrastructures

Our Mission

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

Our Logo

With the merger of MyClear and MEPS to form PayNet on 1 Aug 2017, a new logo was created to reflect PayNet’s role as Malaysia’s premier payment network and provider of Financial Market Infrastructures for Malaysia.

Our icon in the form of six vector arrows converging on a core communicates our function as a payments ‘network’ and central infrastructure for financial markets, connecting financial institutions, payment institutions, and other market participants in Malaysia. Furthermore, the icon underscores the inherently collaborative nature of our role, working in conjunction with financial institutions, business and Government.

The colours reflect our heritage, with orange symbolising MEPS and blue symbolising MyClear, while green denotes the new combined entity moving forward. The colours are solid, reflecting trust, stability and the pivotal role PayNet’s plays, while our bold typeface reflects our confidence, energy and dedication of purpose.