Malaysia’s digital payments ecosystem gets a major upgrade as PayNet teams up with Asia’s leading payment platforms to attract Chinese tourists and boost local business revenue through seamless cross-border transactions.
Table of Contents
Strategic Partnership Overview
PayNet, Alipay+, and Weixin Pay are rolling out targeted campaigns to promote Malaysia as a top destination during the summer travel season. This collaboration enables tourists to use their home payment apps while supporting local Malaysian businesses.
| Key Partnership Benefits | Impact |
|---|---|
| Merchant Coverage | 2.5 million Malaysian businesses |
| Payment Apps Supported | 15 international payment apps |
| Revenue Growth Target | 20% increase for participating merchants |
| Transaction Growth Goal | 130% year-on-year increase by 2025 |
How the System Works
Tourists using AlipayCN, Alipay+ partner payment apps, and Weixin Pay can pay with ease in Malaysia by scanning DuitNow QR – no extra apps needed. This seamless integration allows visitors to use their familiar payment methods from home across restaurants, hotels, souvenir shops, and tour operators.
Economic Impact and Growth
The partnership has already shown impressive results. During the December 2024 travel peak, Alipay+, via DuitNow QR, drove a six-fold revenue increase for Malaysian merchants’ year-on-year. This success demonstrates the significant potential for digital payment integration in tourism.
Gary Yeoh, PayNet’s Chief Marketing Officer, emphasizes the broader impact: “By enabling tourists to use their home wallets via DuitNow QR, we are opening up more than 2.5 million Malaysian businesses, many of them small and family-run, to global spending power.”
Tourism Goals and Future Plans
Tourism Malaysia Director General Manoharan Periasamy highlighted that the summer campaigns play a vital role in reaching the target of six million Chinese tourist arrivals this year. The initiative aligns with Malaysia’s broader vision of becoming a cashless tourism leader in Southeast Asia.
The partnership represents more than just payment convenience – it’s a strategic move to strengthen Malaysia’s position in the competitive Asian tourism market while supporting local businesses, particularly MSMEs.
For more insights on digital payments and tourism technology, explore our fintech coverage and Southeast Asia business updates.
Learn more about PayNet‘s digital infrastructure and how cross-border payments are shaping the future of tourism.
FAQs
Do Chinese tourists need to download new apps to pay in Malaysia?
No, tourists can use their existing Alipay or WeChat Pay apps to scan DuitNow QR codes at Malaysian merchants.
What’s the projected growth target for this partnership?
PayNet aims to increase DuitNow QR transactions through Alipay+ and Weixin Pay by over 130% year-on-year by 2025.
