AmBank Group and PayNet have announced support for Apple Pay payments made on the MyDebit network, enabling local debit transactions that help keep domestic payments on Malaysia’s national rails. MyDebit
serves as Malaysia’s national payments network and is operated by Payments Network Malaysia Sdn Bhd (PayNet).
Apple Pay is accepted at most points of sale, including in grocery stores and supermarkets, food and beverage outlets, convenience stores, pharmacies, and petrol kiosks.
“AmBank’s collaboration with PayNet enables us to bring Apple Pay to our MyDebit cardholders via Malaysia’s own MyDebit infrastructure. As the first bank in Malaysia to do so, we’re proud to support national capabilities while delivering the same seamless, secure, and intuitive Apple Pay experience our customers expect, reflecting AmBank’s commitment to customer convenience and digital innovation,” said Cheong Chee Wai, Managing Director, Retail Banking, AmBank Group.
Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device.
