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25/02/2022·KUALA LUMPUR, February 25 – Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Encik Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Mr. Peter Schiesser.

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25/02/2022·February 25, 2022 Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group CEO effective April 12, succeeding Mr. Peter Schiesser.

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PayNet: Less cash, more digital in Malaysia’s payments landscape

The percentage of Malaysians who use cash to make payments has fallen 11 percentage points to 78% from 89% before the Covid-19 pandemic, according to the PayNet Digital Payments Insights Study...