Payments Network Malaysia (PayNet) and Shopee announced a breakthrough partnership which makes ShopeePay the first e-wallet of an e-commerce platform to join the DuitNow infrastructure.
Through this collaboration, we can do seamless and instant fund transfer between ShopeePay e-wallet, banks, and other participating e-wallets. all participating companies will provide convenience for us consumers who utilize these platforms frequently but independently. That means no more money sitting in an e-wallet and doing nothing!
What’s DuitNow? Do It Now?
You may have heard DuitNow every now and then. Its core function was a payment platform for paying bills or transfer funds to someone with their IC number or associated phone number. However, many consumers are too used to the methods that they are using now.
Hence, DuitNow is now available for other companies to join in the ecosystem and to unify the different e-wallets together. With this new partnership, people may start to involve DuitNow more in their daily lives from now onwards due to convenience.
ShopeePay’s joining to DuitNow is part of DuitNow 2.0, which is released on a pilot basis. It will introduce request-to-pay, real-time debits, and consents on-file.
With more offline merchants accepting payment with DuitNow QR, ShopeePay users can use that QR code without the hassle of moving funds manually. I guess you can finally pay your bills with your leftover funds in ShopeePay? Could come in handy during tight timings.
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