Malaysia is about to go through a major shift in terms of payment systems with the introduction of cashless payment. Having built a swift digital payment infrastructure, PayNet encourages Malaysia to go cashless for a more convenient and secure payment experience.
PayNet’s digital Payment week 2023, that happened in Kuala Lumpur, Malaysia , kindled multiple discussions addressing various aspects of digital payments. It was great to watch panel members throw light on how important it is for both Merchants and customers to co-evolve in terms of payments in order to mandate and regulate cashless transactions.
The event also highlighted the payment innovations that transformed the payment landscape, making way for a major financial inclusion in Malaysia.
From a customer’s perspective, digital payments offer enhanced user experiences, while for merchants, they present benefits such as improved cash flow, customer retention, and expanded business opportunities. To unlock these advantages, merchants should consider adopting an all-inclusive payment service provider like RinggitPay.