KUALA LUMPUR, Feb 25 (Bernama) — 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.
Farhan was the Founder and Chief Executive Officer of Bento for Business, a fintech company based in Chicago and San Francisco that provides payment and expense management services to small and mid-size businesses. Farhan has a broad and extensive experience within the payments and banking services industry, having held significant leadership roles in several financial institutions like Barclays, Discover Financial Services, JP Morgan Chase, Bank One and FirstUSA. He was also a founding member of Aceva Technologies, a company that offered real time credit and promotional financing products to online retailers and he had successfully developed and launched Chase HealthAdvance, an independent healthcare financing business within JPMorgan Chase. Farhan holds a Bachelor of Arts degree in economics from the University of Pennsylvania. With his broad experience in private payment system initiatives and passion to make financial services accessible and transparent for all, he now aspires to contribute on a national basis and drive PayNet towards achieving its vision in empowering Malaysia’s digital economy.