Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club International and network alliance cardholders in Malaysia.
“Working with PayNet was key to opening the Malaysian market to our partners around the globe,” said Ricardo Leite, senior vice president of international markets at Discover. “Discover will continue to work with payment providers in the region in an effort to provide more seamless payment interactions for customers when travel is necessary.”
“PayNet sees many exciting opportunities for both parties with this partnership. It fits well with PayNet’s efforts to provide opportunity to our member banks to expand their reach by connecting to the Discover Global Network, and Malaysian businesses to increase sales opportunities by facilitating payments by Discover’s global cardmember base visiting Malaysia,” said Peter Schiesser, Group CEO at PayNet.
Discover Global Network has more than 50 million merchant acceptance locations and 2 million ATM and cash access locations around the world. The Discover Global Network includes Discover Network, Diners Club International, PULSE and more than 20 alliance partner networks across the globe.
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Source: https://www.finextra.com/pressarticle/86762/discover-forges-alliance-with-malaysias-paynet?utm_medium=rssfinextra&utm_source=finextrafeed