KUALA LUMPUR: CelcomDigi Bhd and Payments Network Malaysia Sdn Bhd (PayNet) have partnered to enhance the security of digital financial transactions through CelcomDigi Open Gateway, leveraging SIM-based authentication for DuitNow user verification.
With PayNet processing over 13 million transactions daily, this initiative aims to combat rising online fraud and strengthen financial security across Malaysia. By integrating Open Application Programming Interface (API) technology, PayNet can verify DuitNow transactions in real time, ensuring that the registered mobile number, MyKad, or business registration number belongs to the legitimate account holder.
Strengthening Digital Security Against Fraud
Online scams and fraud continue to be a significant challenge in the financial sector, with cybercriminals exploiting weaknesses in traditional authentication methods. SIM-based authentication offers an added layer of protection, as each SIM card is unique, securely stored in a mobile device, and difficult to duplicate—minimizing the risk of fraudulent transactions.
Datuk Idham Nawawi, CEO of CelcomDigi, emphasized the importance of this initiative:
“By introducing SIM-based authentication, we provide financial institutions with a more secure way to verify users, making digital transactions significantly safer. As fraudsters become more sophisticated—especially with the rise of artificial intelligence—stronger security measures are essential.”
He also highlighted plans to expand this partnership to more financial institutions, further reinforcing Malaysia’s digital security framework.
Real-Time Fraud Prevention with National Fraud Portal
The collaboration will also enhance fraud prevention by working with the National Scam Response Centre (NSRC) through the National Fraud Portal (NFP). The NFP allows CelcomDigi to flag, block, and blacklist scam-linked phone numbers, preventing fraudsters from using compromised numbers to open new accounts.
Farhan Ahmad, Group CEO of PayNet, reaffirmed the company’s commitment to financial security and inclusion, stating:
“With the real-time National Fraud Portal, we are taking bold steps to protect Malaysians. This partnership builds on that foundation by adding another layer of security through real-time account verification with CelcomDigi.”
By leveraging Open APIs, real-time fraud detection, and secure SIM-based authentication, CelcomDigi and PayNet are paving the way for a safer and more resilient digital financial ecosystem in Malaysia.
