The rollout gives participating banks a way to offer tokenised MyDebit card payments through digital wallets.<\/p>\n
Eleven banks are offering the capability to their cardholders.<\/p>\n
<\/p>\n
AmBank<\/a> customers are the first to add their MyDebit cards to a major mobile wallet for contactless and in-app payments, with other banks expected to follow.<\/p>\n The IDEMIA Secure Transactions platform replaces sensitive card details with a unique digital token, allowing transactions to be processed without exposing actual card information.<\/p>\n It supports mobile NFC, in-app and online payments.<\/p>\n PayNet\u2019s MyDebit mobile payments will also use AES 256 encryption to strengthen transaction security.<\/p>\n The technology is designed to protect card data against emerging threats, including those posed by quantum computing.<\/p>\n Isaac Lee, Digital Payments VP for Asia Pacific at IDEMIA Secure Transactions, said,<\/p>\n \u201cThis project strengthens our mission to enable secure and seamless digital payments worldwide and underscores IST\u2019s leadership in tokenization and global wallet enablement.<\/p>\n The deployment of AES 256 security in a domestic payment scheme environment is a significant innovation that strengthens MyDebit\u2019s digital offering and provides a robust, future-proof solution for digital payments in Malaysia.\u201d<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Featured image: Edited by Fintech News Malaysia, based on image by EmilyStock<\/a> and AI-generated image<\/a> via Magnific<\/p>\n","protected":false},"excerpt":{"rendered":"Free Newsletter Get the hottest Fintech Malaysia News once a month in your Inbox PayNet is extending MyDebit…\n","protected":false},"author":2,"featured_media":556417,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[191122,191123,191124,2306,37529,86,56,54,55],"class_list":["post-556416","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-ambank","tag-idemia","tag-idemia-secure-transactions","tag-mobile","tag-paynet","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/556416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=556416"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/556416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/556417"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=556416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=556416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=556416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n![](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/Malaysia-Fintech-Report_2025.png\")
<\/a>
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<\/p>\n![\"Isaac](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/04\/Isaac-Lee-1-150x150.jpg\")
Isaac Lee<\/p>\n