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PayNet
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. PayNet is Malaysia's premier payments network and central infrastructure for financial markets. Bank Negara Malaysia (BNM) owns a majority share in PayNet, along with eleven other local financial institutions as joint shareholders. History PayNet was formed on 1 August 2017 from the merger of MEPs and My Clear. Project Nexus The Bank for International Settlements signed an agreement with Central Bank of Malaysia, Bank of Thailand, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore, and the Reserve Bank of India on 30 June 2024 as founding member of Project Nexus, a multilateral international initiative to enable retail cross-border payments. Bank Indonesia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Electronic Payment System
The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet). With the result of the merger, PayNet is now the holding company for the PayNet Group which comprises 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. MEPS plays an integral role in the implementation of smart cards for automated teller machine (ATM) cards, which are an upgrade to chip-based cards from previous magnetic-stripe cards issued to all banks' customers. The card is called a ''Bankcard'', a card with multiple functions. Three main functions can be used, namely ATM (with various combinations of banking transactions), e-debit (online purchase payment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unified Payments Interface
Unified Payments Interface, commonly known as UPI is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on mobile devices to instantly transfer funds between two bank accounts using only a unique UPI ID. It runs as an open source application programming interface (API) on top of the Immediate Payment Service (IMPS), and is regulated by the Reserve Bank of India (RBI). Major Indian banks started making their UPI-enabled apps available to customers in August 2016 and the system is today supported by almost all Indian banks. As of 2025, the platform had over 500 million active users in India. In May 2025, 18.67 billion UPI transactions worth ₹ 25.14 trillion (approx. 293 billion USD) were processed by the UPI system, equivalent to almost 7,000 transactions on average every second. The widespre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QR Code Payment
A QR code payment is a mobile payment method where payment is performed by scanning a QR code from a mobile app. This is an alternative to doing electronic funds transfer at point of sale using a payment terminal. This avoids a lot of the infrastructure traditionally associated with electronic payments such as payment cards, payment networks, payment terminal and merchant accounts. To make a QR code payment, the consumer scans the QR code displayed by the merchant with their smartphone to pay for their goods. They enter the amount they have to pay and finally submit. This is a more secure card-not-present method than others. History The QR code system was invented in 1994 by Masahiro Hara from the Japanese company Denso#Denso Wave, Denso Wave. In December 2010, the first documented description of QR code-based payments came from two patents filed by Shaun Cooley and Andrew Charles Payne, based on a prototype system developed for Norton (software), Norton Labs at Gen Digital, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Muamalat Malaysia
Bank Muamalat Malaysia Berhad ( Jawi: ) started its operations on 1 October 1999 with a combined assets and liabilities brought over from the Islamic banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce (M) Berhad and BBMB Kewangan. Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs. The bank was based on a profit sharing model and its products weren't linked to the Bank Indonesia discount rate, thus surviving to the 1997 Asian financial crisis which increased the mean interest rate of the other Indonesian banks. DRB-HICOM holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares In financial markets, a share (sometimes referred to as stock or equity) is a unit of equity ownership in the capital s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-wallets
A digital wallet, also known as an e-wallet or mobile wallet, is an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and services. This can include purchasing items either online or at the point of sale in a brick and mortar store, using either mobile payment (on a smartphone or other mobile device) or (for online buying only) using a laptop or other personal computer. Money can be deposited in the digital wallet prior to any transactions or, in other cases, an individual's bank account can be linked to the digital wallet. Users might also have their driver's license, health card, loyalty card(s) and other ID documents stored within the wallet. The credentials can be passed to a merchant's terminal wirelessly via near field communication (NFC). Increasingly, digital wallets are being made not just for basic financial transactions but to also authenticate th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Gateway
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider. A payment gateway facilitates a payment transaction by the transfer of information between a payment portal (such as a website, mobile phone or interactive voice response service) and the front end processor or acquiring bank. Payment gateways are a service that helps merchants initiate e-commerce, in-app, and point of sale payments for a broad variety of payment methods. The gateway is not directly involved in the money flow; typically it is a web server to which a merchant's website or POS system is connected. A payment gateway often connects several acquir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Narendra Modi
Narendra Damodardas Modi (born 17 September 1950) is an Indian politician who has served as the Prime Minister of India, prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Parliament, Lok Sabha, member of parliament (MP) for Varanasi (Lok Sabha constituency), Varanasi. He is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a right-wing politics, right-wing Hindutva paramilitary volunteer organisation. He is the longest-serving prime minister outside the Indian National Congress. Modi was born and raised in Vadnagar, Bombay State (present-day Gujarat), where he completed his secondary education. He was introduced to the RSS at the age of eight. Modi became a full-time worker for the RSS in Gujarat in 1971. The RSS assigned him to the BJP in 1985 and he rose through the party hierarchy, becoming general secretary in 1998. In 2001, Modi was appointed chief minister of Guja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anwar Ibrahim
Anwar bin Ibrahim (; born 10 August 1947), also known by his abbreviation as DSAI and PMX, is a Malaysian politician who is the 10th prime minister of Malaysia since 2022. A member of the People's Justice Party (Malaysia), People's Justice Party, he has been the party's president since 2018. Anwar also served as the Minister of Finance (Malaysia), finance minister since his premiership and the Dewan Rakyat, Member of Parliament for Tambun (federal constituency), Tambun since 2022, as well as the chairman of the political coalition Pakatan Harapan (PH) since 2020. A University of Malaya graduate, Anwar served as president of the National Union of Malaysian Muslim Students as well as Malaysian Islamic Youth Movement of Malaysia before joining UMNO the then dominant party in the long-ruling Barisan Nasional coalition. He was the 7th Deputy Prime Minister of Malaysia, deputy prime minister since 1993 as well as Ministry of Finance (Malaysia), finance minister since 1991 and was p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Indonesia
Bank Indonesia (BI) is the central bank of the Republic of Indonesia. It replaced in 1953 the Bank of Java (, DJB), which had been created in 1828 to serve the financial needs of the Dutch East Indies. History Bank of Java King William I of the Netherlands granted the right to create a private bank in the Indies in 1826, which was named . It was founded on 24 January 1828 and later became the bank of issue of the Dutch East Indies. The bank regulated and issued the Netherlands Indies gulden. In 1881, an office of the Bank of Java was opened in Amsterdam. Later followed the opening of an office in New York. By 1930 the bank owned sixteen office branches in the Dutch East Indies: Bandung, Cirebon, Semarang, Yogyakarta, Surakarta, Surabaya, Malang, Kediri, Banda Aceh, Medan, Padang, Palembang, Banjarmasin, Pontianak, Makassar, and Manado. The Bank of Java was operated as a private bank and individuals as well as industries etc. could get help in the bank's offices. File ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reserve Bank Of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Ministry of Finance, Government of India, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Bharatiya Reserve Bank Note Mudran, Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). Depos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Authority Of Singapore
The Monetary Authority of Singapore or (MAS), is the central bank and financial regulatory authority of Singapore. It administers the various statutes pertaining to money, banking, insurance, securities and the financial sector in general, as well as currency issuance and manages the foreign-exchange reserves. It was established in 1971 to act as the banker to and as a financial agent of the Government of Singapore. The body is duly accountable to the Parliament of Singapore through the Minister-in-charge, who is also the Incumbent Chairman of the central bank. In May 2025 the fund had US$629 billion in assets under management. History The Monetary Authority of Singapore (MAS) was founded in on with authority to regulate and supervise banking and finance in Singapore. It coexisted with the Board of Commissioners of Currency, Singapore established in 1967 to issue the city-state's currency, with which it eventually merged in 2002. Prior its establishment, its roles were p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bangko Sentral Ng Pilipinas
The Bangko Sentral ng Pilipinas (; commonly abbreviated as BSP in both Filipino and English) is the central bank of the Philippines. It was established on January 3, 1949, and then re-established on July 3, 1993 pursuant to the provision of Republic Act 7653 or the New Central Bank Act of 1993 as amended by Republic Act 11211 or the New Central Bank Act of 2019. The principal author was Senator Franklin Drilon. It was signed by President Rodrigo Duterte. History American era and World War II In 1900, the First Philippine Commission passed Act No. 52, which placed all banks under the Bureau of the Treasury and authorizing the Insular Treasurer to supervise and examine banks and all banking activity. In 1929, the Department of Finance, through the Bureau of Banking, took over bank supervision. By 1933, a group of Filipinos had conceptualized a central bank for the Philippine Islands. It came up with the rudiments of a bill for the establishment of a central bank after ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
