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[SITUATION] · [ACTIVE]

2 clusters · 6 sources · 6 days · First seen 9 days ago · Last updated 3 days ago

Categories: BUSINESS · TECHNOLOGY

Malaysia QR payment ecosystem growth

Entities: Wise Ltd. · PayNet · DuitNow · Malaysia · Yen Ting Chiam

Overview

In July 2026 Samsung Malaysia partnered with Maybank to embed the Maybank MAE Scan & Pay QR functionality directly into Samsung Wallet for Galaxy devices. The integration lets users make DuitNow QR payments without opening the MAE app and also display a personal QR code for merchants. The rollout includes cross‑border QR support in Singapore, Thailand, Indonesia and Cambodia, and is tied to a Samsung Rewards promotion.

A week later Wise announced its own integration with Malaysia’s PayNet network, enabling Wise app users to scan any DuitNow QR code and complete instant MYR transfers. The service is being rolled out nationwide and also allows transfers via mobile numbers or NRIC numbers with recipient name verification. Wise’s rollout aims to cut reliance on intermediaries, speed up transactions, and extend QR‑based payment capabilities to other financial institutions through its API.

By the end of July, Wise confirmed a direct integration with PayNet, allowing customers to use the DuitNow QR standard and Transfer service within the Wise app. The feature is live with a progressive rollout; full nationwide support for all QR codes is expected in the coming weeks. Early trials reported occasional scan failures that Wise plans to resolve. The integration makes Malaysia the ninth market globally and the fifth in Asia‑Pacific where Wise has direct access to a domestic payment system, further strengthening cross‑border financial activity for travelers and residents.

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 4 SOURCES] Wise has connected directly to Malaysia’s PayNet network. (Wise integration with PayNet)
[● 3 SOURCES] Wise users can make DuitNow transfers using a recipient’s mobile number or NRIC number, with the recipient’s name displayed before confirmation. (Wise transfer feature)
[● 3 SOURCES] The integration enables Wise users to scan and pay using DuitNow QR codes directly through the Wise app. (Wise QR payment feature)
[● 2 SOURCES] Full support for all DuitNow QR codes nationwide is expected in the coming weeks. (Rollout timeline)
[● 2 SOURCES] The integration enables seamless cross‑border financial activity between Wise’s global platform and Malaysia’s domestic payment system. (Cross‑border benefit)
[○ 1 SOURCE] Wise users in Malaysia can scan DuitNow QR codes and pay directly through the app. (Wise announcement)
[○ 1 SOURCE] Wise processes 77 % of all transfers within 20 seconds, double the proportion from five years ago. (Wise announcement)
[○ 1 SOURCE] The rollout of the QR payment feature is progressive, with some early users experiencing failed scans. (Progressive rollout issue)
[○ 1 SOURCE] Malaysia becomes the ninth market globally where Wise has direct access to a domestic payment system. (Market expansion)

Timeline

3 days ago

[BUSINESS] 6 sources
Wise integrates with PayNet to enable DuitNow QR and transfers in Malaysia
Wise now directly connects to Malaysia's PayNet, enabling DuitNow QR payments and transfers via mobile number, NRIC or other IDs, with full nationwide support expected in weeks.
9 days ago

[TECHNOLOGY] 2 sources
Samsung Wallet Adds Maybank MAE QR Payments in Malaysia
Samsung Wallet now supports Maybank MAE QR payments in Malaysia, enabling DuitNow QR transactions, Samsung Rewards earnings, and a RM500,000 promotional reward pool.

Sources

fintechnews.my · fintechnews.ph · fintechnews.sg · klubgimnastyczny.pl · lowyat.net · soyacincau.com

This summary has been updated 1 time: see revision history