CelcomDigi Bhd and Payments Network Malaysia (PayNet) Sdn Bhd have announced a strategic partnership focused on strengthening digital payment security across Malaysia. The collaboration, announced on March 12, 2025, aims to enhance protection against online fraud and bolster the security infrastructure of digital financial transactions.
The partnership comes at a crucial time in Malaysia’s digital transformation journey, coinciding with the country’s broader push toward secure digital identity solutions. The nation is currently preparing to launch its blockchain-based MyDigital ID Superapp, a national digital identity ecosystem designed to enhance security and combat online fraud.
The partnership will implement advanced security measures and authentication protocols to safeguard financial transactions. Both organizations will use artificial intelligence and machine learning technologies to identify and mitigate potential security risks in real-time, with systems designed to detect and prevent fraudulent activities. These security enhancements will work in conjunction with PayNet’s existing DuitNow payment infrastructure, which has been a cornerstone of Malaysia’s digital payment ecosystem.
The initiative represents a significant development in Malaysia’s digital payment ecosystem, combining CelcomDigi’s telecommunications infrastructure with PayNet’s payment network expertise. The collaboration is expected to provide enhanced protection against various forms of cybercrime, including identity theft and unauthorized transactions. The partnership builds upon recent developments in Malaysia’s financial technology sector, including the implementation of blockchain-based digital identity systems by other major players in the market.
The implementation of these new security measures is scheduled to begin in the coming months, though specific rollout timelines have not been disclosed. The partnership’s security enhancements will be integrated into existing payment systems and networks operated by both companies, complementing the ongoing national initiatives in digital identity and secure authentication.
The development follows a broader trend in Southeast Asia’s financial technology sector, where telecommunications providers and payment networks are increasingly collaborating to strengthen digital transaction security. Such partnerships have become more prevalent as digital payment adoption continues to grow across the region, with Malaysia positioning itself as a leader in secure digital identity and payment solutions.
Sources: RinggitPlus, Digital News Asia, Lowyat.NET, KLSE Screener, Technave
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