PETALING JAYA: Public Bank launched a new secure online payment solution DuitNow Online Banking/Wallets in January this year to support the cashless economy.
The feature supports e-commerce transactions making it easy to accept real-time payments through online banking and e-wallets through simple redirection.
Managing Director and CEO of the Public Bank, Tan Sri Tay Ah Lek, said the service is in line with customer demand for convenience and security.
“Public Bank is also prioritizing environmental, social and governance efforts by providing greater financial inclusion for the unbanked in addition to enabling online merchants to easily accept real-time payments through this new payment solution. profitable and secure online,” he said. said in a statement today.
On internet and mobile banking, Payments Network Malaysia Sdn Bhd (PayNet) Group CEO Peter Schiesser observed that payments on this channel have seen a dramatic increase over the past two years.
“With this in mind, DuitNow Online Banking/Wallets has been designed to improve the user experience through a more transparent payment process with the app-to-app payment redirection option that significantly reduces payment friction and cart abandonment,” he said.
DuitNow is powered by PayNet, the national payment network and central shared infrastructure of the Malaysian financial market.
This new service will expand PayNet’s DuitNow ecosystem to include additional digital wallets while maintaining compatibility with participating financial institutions.