Malaysia Global Business Forum’s Post

What does this news mean for Malaysian businesses in the tourism sector as efforts to increase spending through digitalisation grow. Malaysian small and medium enterprises (SMEs) are experiencing new growth opportunities as Alipay+ cements itself as the leading enabler of cross-border QR payments via DuitNow, contributing more than 80 per cent of inbound transactions. The partnership between Payments Network Malaysia Sdn Bhd (PayNet) and Ant International, which launched in October 2023, has significantly expanded cross-border digital payment acceptance. In December 2024, peak travel season saw a sixfold increase in revenue for Malaysian merchants compared to the same period in 2023. #sme #payment #business #tourism #Malaysia #news https://lnkd.in/gQwvpaQP Ant International News Hub Asia