Gkash Connects Directly To PayNet For QR, Card, Online Payments
Malaysian payment solutions provider and merchant acquirer Gkash has announced that it now directly connects to Payments Network Malaysia (PayNet) as a direct participant. What this means is a more direct and streamlined connection between the two, which in turn means fewer payment-participant layers, giving the former more control over integration and transaction operations. Through […] The post…
Malaysian payment solutions provider Gkash has established direct participation with Payments Network Malaysia (PayNet) for QR, card, and online payments. This move streamlines the connection, reducing the number of payment-participant layers and granting Gkash more control over integration and transaction operations. Merchants can now support DuitNow QR, MyDebit, and FPX payments through Gkash, expanding its portfolio of online and in-store payment solutions.
By managing the payment technology and connectivity behind these transactions, Gkash aims to provide a unified payment experience for merchants, minimizing the potential for transaction failures. Gkash's direct link to PayNet means one less point of failure, as it eliminates the risk of third-party systems going down during transactions.
If issues arise, it's easier to identify the source of the problem with fewer intermediaries involved. Additionally, the reduced fragmentation benefits consumers, as they'll only need to deal with a single interoperable QR payment ecosystem by June 30, 2028, as announced by Bank Negara Malaysia.
Written by urgent.news from Lowyat.NET's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
