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CIRCULAR |
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| To | : | All PayNet Participants |
| From | : | Product Division, PayNet |
| Date | : | 2 September 2024 |
| Subject | : | Timeline for PayNet's Product Adoption Roadmap |
| Products | : | Real-time Retail Payment Platform, Financial Payment Exchange, DuitNow Pay and MyDebit |
| Reference Number | : | PN/PRD/CSE/CIR/2024/0001 |
Dear Participants,
In line with the Product Adoption Roadmap presented during PayNet’s Engagement Forum (PEF) on 17 July 2024, we would like to formalize the implementation timeline of DuitNow Pay (formally known as PayNet Checkout) initiative through the Real-time Retail Payments Platform (RPP) and MyDebit network as well as the implementation timeline for PayNet to decommission FPX bridge and FPX system. Details of the implementation timeline can be found in Table 1 to Table 3 below.
i. Table 1 – DuitNow Pay Phase 1: RPP (Real-time Retail Payments Platform)
| Services | Participants | Requirements | Deadline |
| DuitNow Online Banking Wallet (DOBW) | Issuer | All RPP Issuers are required to enable DOBW by 31 Dec 2024 | 31 Dec 2024 Note: FPX bridge will be decommissioned by 31 Dec 2024 |
| Consent & DuitNow Auto Debit (DNAD) | Issuer | All RPP Issuers are required to enable Consent & DNAD by 31 Mar 2025 | 31 Mar 2025 |
| DuitNow Online Banking Wallet (DOBW) | Acquirer | All RPP Acquirers are required to enable DOBW, Consent & DNAD on their online/mobile acceptance platforms | 30 Sept 2025 |
| Consent & DuitNow Auto Debit | Acquirer | 30 Sept 2025 | |
| DuitNow Pay (the interface for product suite of DOBW, Consent & DNAD to facilitate payment initiation) |
Acquirer |
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30 Sept 2025 |
ii. Table 2 – DuitNow Pay Phase 2: MyDebit Secure (Card Not Present)
| Services | Participants | Requirements | Deadline |
| MyDebit Secure (Card Not Present) (Includes Adjustment) |
Issuer | All MyDebit Issuers are required to enable MyDebit Secure | 30 Jun 2025 |
| Acquirer | All MyDebit Acquirers are required to enable MyDebit Secure | 30 Jun 2025 | |
| MyDebit Tokenisation | Issuer and Acquirer |
All MyDebit Issuers and Acquirers are required to enable MyDebit Tokenisation | 30 Sep 2025 |
| MyDebit Pre Authorization (Includes Petrol & Other Segment) | Issuer and Acquirer |
All MyDebit Pre Authorization modules are to be enabled by Issuers and Acquirers | 30 Jun 2025 |
iii. Table 3 – FPX (Financial Process Exchange)
| Services | Updated Timelines |
| FPX Bridge | Fully decommissioned by 31 Dec 2024 |
| FPX | Fully decommissioned by 31 Dec 2025 |
Please note that in this document, the terms "Acquirer" and "Issuer" will also refer to the "Crediting Participant" or "Debiting Participant" based on the Operational Procedures / Overlay Service Procedures of the respective services.
As communicated during PEF, these enhancements and merchant migration are necessary for the improvement of Malaysia’s payment industry as we continuously strive to innovate and future-proof our ecosystem.
The timelines communicated in this circular shall supersede previously released circulars and/ or communication made during the Business Working Group (BWG) sessions on the product adoption and migration timeline. As for the product adoption and migration timeline for services that are not mentioned in this circular, please refer to the indicative timeline shared during PEF. PayNet will communicate any changes or new timelines through upcoming circulars.
In addition, PayNet Checkout will be renamed to DuitNow Pay, the Operational Procedures (OP) for PayNet Checkout will be updated to reflect the new name in its new version release.
We seek participants’ cooperation to ensure the timely implementation of the above-mentioned services and mandatory changes to avoid disruptions to the services.
Should you require further clarification on this matter, please do not hesitate to contact our PayNet Product team at product@paynet.my
Thank you.
Xing Cheng
Chief Product Officer
Restricted Access and Confidentiality Notice
This document and its contents, including any enclosures, are strictly confidential. Participants are hereby notified of their obligation to ensure the following:
Limited Dissemination:
Circulation of this document and its enclosures is restricted to authorized personnel with a legitimate need to know the information contained herein.
Content Protection:
The contents of this document must not be disclosed or discussed with unauthorized individuals.
Documents Retrieval:
To retrieve the documents in this Circular, you are required to sign in to PayNet One Stop Portal ( https://portal.paynet.my ) with PayNet Single Sign-On (SSO). Within the "CIRCULARS" section, you will find the relevant documents associated with this Circular available for download.