PayNet reported 58.7 million digital transactions across 44 Malaysian universities in 2025, more than double the 24.4 million recorded in 2024, under its PayNet Digital Campus 4.0 initiative.
Launched in 2022, the programme encourages students, staff, campus merchants, and nearby businesses to adopt cashless payments using platforms like DuitNow QR, MyDebit, FPX, and JomPAY. Student representative councils (SRCs) lead campus campaigns, onboard local merchants, and promote ongoing digital payment usage.
PayNet CEO Praveen Rajan.
“The goal is to familiarise students—the next generation—with digital payments early on, starting from campus life,” said PayNet CEO Praveen Rajan at the PayNet Digital Campus Summit 2026 on Feb 25. He added that the initiative also strengthens SRC leadership, project management, and talent development skills.
PayNet tracks actual transaction data to measure the initiative’s impact, ensuring real adoption rather than self-reported figures. Since 2022, the programme has reached nearly 600,000 students and over 7,500 merchants nationwide.
In 2025, the fourth edition of the programme involved 20 public universities, including Universiti Teknologi MARA, Universiti Putra Malaysia, and Universiti Malaya, and 11 private institutions, such as INTI International University, Universiti Tunku Abdul Rahman, and Universiti Teknologi Petronas. Campaigns ran from September to December 2025, with activities tailored to each campus.
“Embedding digital payments early supports financial inclusion and builds long-term confidence in Malaysia’s payment infrastructure,” Praveen said, linking the initiative to Bank Negara Malaysia’s Financial Sector Blueprint and the national cashless agenda.
This programme also contributes to the broader economic ecosystem by extending benefits beyond campuses, helping surrounding businesses adopt cashless operations and improving overall digital readiness.
