KUALA LUMPUR: Payments Network Malaysia (PayNet) has unveiled the country’s first fintech-focused community and accelerator — the PayNet Fintech Hub — in a move set to transform Malaysia’s fintech landscape. Designed as a national enabler, the Hub offers direct access to capital, key partnerships, and strategic resources to accelerate fintech innovation.
With support from over 45 partners, the initiative offers participating startups over RM1 million in PayNet credits, RM600,000 in sponsored advisory services, and up to RM3 million in cloud support, alongside fully sponsored co-working space. Members also gain exposure to over 450 hours of mentorship and a pool of fintech investors.
The Hub operates on two pillars: Community and Catalyst. While Community members benefit from local ecosystem integration, those selected for the Catalyst track will join a fully funded 10-week accelerator with Imperial College London, including a trip to the UK for intensive coaching and a global demo day.
Farhan Ahmad, Group CEO of PayNet, said, “A thriving fintech industry is key to inclusive, future-ready financial services. The Hub is a decisive step toward advancing Malaysia’s digital economy and innovation goals.”
The initiative is also backed by AWS Malaysia, offering access to its cloud services and upcoming Fintech Innovation Sandbox, enabling secure and scalable growth for startups.
With the launch of this Hub, PayNet aims to consolidate Malaysia’s fragmented fintech ecosystem and position the country as a regional leader in financial innovation.
For more information, visit fintechhub.paynet.my.
