{"id":949607,"date":"2026-11-02T07:26:12","date_gmt":"2026-11-02T07:26:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/949607\/"},"modified":"2026-11-02T07:26:12","modified_gmt":"2026-11-02T07:26:12","slug":"cimb-expands-duitnow-qr-payments-to-5-more-markets-via-alipay","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/949607\/","title":{"rendered":"CIMB Expands DuitNow QR Payments to 5 More Markets via Alipay+"},"content":{"rendered":"

Free Newsletter<\/p>\n

Get the hottest Fintech Malaysia News once a month in your Inbox<\/p>\n

CIMB<\/a> Bank has expanded DuitNow QR payments through its CIMB OCTO app to five additional destinations: China, Hong Kong SAR, South Korea, the Philippines and Laos.<\/p>\n

Customers can now pay at participating Alipay<\/a>+ merchants in these markets without downloading another payment app or creating a separate Alipay+ account.<\/p>\n

The expansion adds to OCTO\u2019s existing cross-border QR payment coverage in Singapore, Indonesia and Thailand, bringing its total coverage to nine markets, including Malaysia.<\/p>\n

<\/p>\n


\n<\/a>
\n <\/p>\n

Enabled through Payments Network Malaysia\u2019s (PayNet)<\/a> outbound DuitNow QR connectivity with Alipay+, the service allows users to scan participating merchants\u2019 QR codes displaying the Alipay+ logo, then review and confirm transactions directly within OCTO.<\/p>\n

Cross-border QR transactions on CIMB OCTO rise over 150%<\/p>\n

CIMB said OCTO recorded more than 500,000 cross-border DuitNow QR transactions as of September 2026, an increase of over 150% year-on-year.<\/p>\n

\"HanizHaniz Nazlan<\/p>\n

\u201cAs our customers become increasingly connected and mobile, they expect banking to move seamlessly with them, including across borders,\u201d<\/p>\n

said Haniz Nazlan, Chief Executive Officer of Group Consumer Banking at CIMB.<\/p>\n

Haniz said the expansion aligns with CIMB\u2019s Forward30 strategy and complements its existing travel services on OCTO, including CIMB TravelCurrency and travel insurance.<\/p>\n

The bank plans to progressively expand OCTO\u2019s Alipay+ payment coverage to more markets.<\/p>\n

PayNet expands cross-border payment connectivity<\/p>\n

The service builds on PayNet\u2019s collaboration with Ant International through Alipay+, which has enabled users of supported Alipay+ partner wallets to pay at DuitNow QR merchants in Malaysia since November 2023.<\/p>\n

This inbound payment capability allows local businesses, including SMEs, to accept payments from international visitors using participating wallets.<\/p>\n

In October, PayNet named CIMB, Maybank and Hong Leong Bank<\/a> as the first three banks supporting the outbound service, with Bank Islam expected to follow.<\/p>\n

PayNet said other participating banks and e-wallets can also adopt the capability.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

Featured image credit: Edited by Fintech News Malaysia, based on image by mrsiraphol<\/a> via Magnific<\/p>\n

ReportMalaysia Fintech Report 2026Read<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Free Newsletter Get the hottest Fintech Malaysia News once a month in your Inbox CIMB Bank has expanded…\n","protected":false},"author":2,"featured_media":949608,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[45790,64,63,265762,203,510563,105],"class_list":["post-949607","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-alipay","tag-au","tag-australia","tag-cimb","tag-mobile","tag-payments-network-malaysia-paynet","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/949607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=949607"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/949607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/949608"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=949607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=949607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=949607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}