Bank Negara to gradually cut stake in PayNet, says Finance Ministry

Bank Negara to gradually cut stake in PayNet, says Finance Ministry

KUALA LUMPUR: Bank Negara Malaysia (BNM) is drawing up a long-term plan to gradually reduce its shareholding in Payments Network Malaysia Sdn Bhd (PayNet). Read full story

MOF: Bank Negara Malaysia To Reduce Stake In PayNet

Bank Negara Malaysia (BNM) is preparing a long-term plan to gradually reduce its shareholding in Payments Network Malaysia Sdn Bhd (PayNet), the operator of the country’s core payment infrastructure. The Ministry of Finance (MOF) said the move aligns with the central bank’s goal of increasing market competition and strengthening industry leadership within Malaysia’s digital payments ecosystem. The ministry said BNM will ensure that any changes t…

BNM to Gradually Reduce Its 35.5% Stake as PayNet’s Largest Shareholder

Bank Negara Malaysia (BNM) has begun planning a gradual reduction of its shares in PayNet, the Ministry of Finance (MOF) said in a parliamentary response. The central bank currently holds 35.5 percent of PayNet, making it the largest shareholder. As part of its oversight responsibilities, BNM sets the company’s mandate to deliver accessible and efficient digital payment services while ensuring strong operational resilience across the industry. A…