PayNet and FAOM Team Up to Drive Fintech Growth in Malaysia
ByAinvest
Friday, May 23, 2025 1:24 am ET1min read
CDT--
The PayNet fintech hub will serve as a central hub for fintech innovation, offering networking, mentorship, and joint initiatives to its members. Faom, as the conduit, will facilitate valuable pathways for networking, mentorship, and collaborative projects between its members and the PayNet fintech hub community [1].
The initiative is a significant step towards advancing innovation and growth in Malaysia's fintech sector. By providing a structured environment for collaboration and growth, the PayNet fintech hub seeks to address the unique challenges faced by fintech startups and promote sustainable development in the industry.
The partnership is expected to drive innovation by leveraging the expertise and resources of both organizations. PayNet, a leading payment solutions provider, brings its extensive industry knowledge and technological capabilities to the table, while Faom, with its strong network of fintech companies, will offer a robust ecosystem for collaboration and growth.
The MoU also underscores the importance of public-private partnerships in fostering a thriving fintech ecosystem. By working together, PayNet and Faom aim to create a supportive environment that encourages innovation, promotes financial inclusion, and drives economic growth.
The success of the PayNet fintech hub will be a critical indicator of the potential for growth and innovation within Malaysia's fintech sector. As the platform continues to develop, it will be essential to monitor its impact on the industry and adapt strategies as needed to ensure its long-term success.
References:
[1] https://www.forbes.com/sites/vikasraj/2025/05/21/chimes-ipo-is-a-milestone-for-fintech-but-has-the-real-test-just-begun/
FEXD--
PayNet and Fintech Association of Malaysia (Faom) signed a MoU to advance innovation and growth in Malaysia's fintech sector. The MoU establishes a dedicated platform, the PayNet fintech hub, to empower fintech startups and foster collaborative opportunities. Faom will serve as a conduit between its members and the PayNet fintech hub community, offering valuable pathways for networking, mentorship, and joint initiatives.
Malaysia's fintech sector is poised for significant growth with the recent signing of a Memorandum of Understanding (MoU) between PayNet and the Fintech Association of Malaysia (Faom). The MoU aims to establish a dedicated platform, the PayNet fintech hub, designed to empower fintech startups and foster collaborative opportunities within the industry.The PayNet fintech hub will serve as a central hub for fintech innovation, offering networking, mentorship, and joint initiatives to its members. Faom, as the conduit, will facilitate valuable pathways for networking, mentorship, and collaborative projects between its members and the PayNet fintech hub community [1].
The initiative is a significant step towards advancing innovation and growth in Malaysia's fintech sector. By providing a structured environment for collaboration and growth, the PayNet fintech hub seeks to address the unique challenges faced by fintech startups and promote sustainable development in the industry.
The partnership is expected to drive innovation by leveraging the expertise and resources of both organizations. PayNet, a leading payment solutions provider, brings its extensive industry knowledge and technological capabilities to the table, while Faom, with its strong network of fintech companies, will offer a robust ecosystem for collaboration and growth.
The MoU also underscores the importance of public-private partnerships in fostering a thriving fintech ecosystem. By working together, PayNet and Faom aim to create a supportive environment that encourages innovation, promotes financial inclusion, and drives economic growth.
The success of the PayNet fintech hub will be a critical indicator of the potential for growth and innovation within Malaysia's fintech sector. As the platform continues to develop, it will be essential to monitor its impact on the industry and adapt strategies as needed to ensure its long-term success.
References:
[1] https://www.forbes.com/sites/vikasraj/2025/05/21/chimes-ipo-is-a-milestone-for-fintech-but-has-the-real-test-just-begun/
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