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March 23, 2021updated 24 Jan 2022 6:51am

Discover teams up with Malaysia’s PayNet to expand acceptance

Discover and Payments Network Malaysia (PayNet) have signed an agreement to expand acceptance for Discover, Diners Club International and network alliance cardholders in Malaysia.

The agreement complements digital bank and payments company Discover’s strategy of bolstering acceptance in Asia Pacific.

Discover aims to support partners in countries such as Singapore, India, China and Japan by potentially enabling acceptance at 10,000 ATM locations and more than 570,000 point-of-sale terminals throughout Malaysia.

Over the few years, Discover has seen acceptance growth in the Asia Pacific region with partnerships in China, Taiwan, Hong Kong, Cambodia, Vietnam and New Zealand. These partnerships have led to acceptance in the region increasing by 14% last year.

Discover senior vice president of international markets Ricardo Leite said: “Working with PayNet was key to opening the Malaysian market to our partners around the globe.

“Discover will continue to work with payment providers in the region in an effort to provide more seamless payment interactions for customers when travel is necessary.”

PayNet group CEO Peter Schiesser said: “PayNet sees many exciting opportunities for both parties with this partnership. It fits well with PayNet’s efforts to provide opportunity to our member banks to expand their reach by connecting to the Discover Global Network, and Malaysian businesses to increase sales opportunities by facilitating payments by Discover’s global cardmember base visiting Malaysia.”

PayNet is a payments network and shared central infrastructure for payment services in Malaysia, while Discover Global Network has over 50 million merchant acceptance locations and two million ATM and cash access locations around the world.

The Discover Global Network includes Diners Club International, Discover Network, PULSE and over 20 alliance partner networks.

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