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Malaysia’s PayNet supports 50 fintechs in 2025
Payments Network Malaysia (PayNet) has supported 50 Malaysian fintech startups through its PayNet fintech hub since its launch in May 2025.
PayNet operates Malaysia’s national payments infrastructure.
The incubator connects startups with industry partners, capital, and mentorship, providing over 5 million ringgit (US$1.23 million) in support, including 3 million ringgit (US$738,462) in cloud credits and more than 450 hours of mentorship.
The participating startups have raised over US$1 million, PayNet said.
The hub facilitated 11 pilot and collaboration opportunities involving 26 fintechs, including partnerships with banks, tech firms, and corporates.
PayNet said the hub aims to strengthen Malaysia’s fintech sector and support financial inclusion.
The hub also runs a 10-week international accelerator program with Imperial College London for 10 Malaysian startups, concluding with a Demo Day in March 2026.
🔗 Source: PayNet
🧠 Food for thought
Implications, context, and why it matters.
Vendors and investors can meet 50 startups before March 2026 Demo Day
- 50-company cohort and the Imperial College London accelerator wrap in March 2026 1. These fintechs will need Know Your Customer (KYC) and Anti-Money Laundering (AML) tools 1. They will also need fraud detection and cloud infrastructure, plus compliance support as banks and regulators, plus large enterprises, review them 1.
- Cloud vendors beyond Alibaba Cloud can pitch remaining teams as credits get used up 3.
- Demo Day is a public showcase where companies pitch to funders 2. Investors get early access to screened Malaysian fintechs with bank pilot proof and potential regional reach via PayNet’s cross-border interoperability 2. Supported corridors include Singapore, Thailand, and Indonesia 2.
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