KUALA LUMPUR, June 5 (Bernama) — Payments Network Malaysia (“PayNet”) launched a first-of-its-kind partnership with BC Card, South Korea’s largest payment processing company. This partnership enables their clients to make QR payments directly using funds from home without the need for currency exchange or separate top-ups, and this partnership is a first for any South Korean financial institution with PayNet.
The first phase of the collaboration will allow visitors from South Korea to have access to DuitNow QR’s more than 2 million merchant touchpoints. This activation is timely as Malaysia had in 2023 received a total of 400,853 tourists from South Korea and is expecting more arrivals to coincide with Visit Malaysia Year 2026, contributing to the campaign’s target of 35.6 million international tourist arrivals. The second phase, where the Duitnow QR may be used in South Korea, is still being planned.