Where is PayNet located?

PayNet is headquartered in Kuala Lumpur, Malaysia.

How many employees does PayNet have?

As of Mar 31, 2026, the latest employee count at PayNet is 668.

Is PayNet a funded company?

PayNet is a funded company, having raised a total of $***** in its 1st and only funding round.

What is the annual revenue of PayNet?

Annual revenue of PayNet is €698M as on Mar 31, 2024.

Where does PayNet rank among its competitors?

PayNet ranks 3rd amongst 3 active competitors, none of which are funded.

Who are the top competitors of PayNet?

PayNet's top competitors include Visa, Mastercard and Nakamichi Malaysia. Among them, Mastercard secured the most recent funding round in January, 2019.

PayNet - 2026 Company Profile, Team, Competitors & Financials

PayNet is an unfunded company based in Kuala Lumpur (Malaysia), founded in 1997. It operates as an Operator of payment network and financial market infrastructure for institutions. PayNet has not raised any funding yet. The company has 3 active competitors, including 2 that have exited. Its top competitors are Visa, Mastercard and Nakamichi Malaysia.

Company Details

Operator of payment network and financial market infrastructure for institutions. It builds and operates payment systems, enabling the functioning of the financial system. The company offers services, including cheque clearing, funds transfer, and bill payment schemes. It facilitates payments using debit cards and internet payment gateways.

Website: paynet.my
Email ID: *****@paynet.my
Phone Number: +60 **********

Key Metrics

Founded Year

1997

Location

Kuala Lumpur, Malaysia

Stage

Unfunded

Ranked

3^rd among 3 active competitors

Annual Revenue

€698M as on Mar 31, 2024

Employee Count

668 as on Mar 31, 2026

Similar Companies

Visa & 71 more

View PayNet's full profile

PayNet is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Payments Network Malaysia Sdn Bhd CIN: 200801035403 , Malaysia, Active	Oct 28, 2008	$757M (As on Mar 31, 2024)	-	-

PayNet has not raised any funding rounds yet.

PayNet's employee count trend

PayNet has 668 employees as of Mar 26. Here is PayNet's employee count trend over the years:

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Top competitors of PayNet include Visa, Mastercard and Nakamichi Malaysia. Here is the list of Top 10 competitors of PayNet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Visa 1958, San Francisco (United States), Public	Digital payment technology platform for both individuals and businesses	-	B Capital Fund, Gynther Capital & 11 others	81/100
2nd	Mastercard 1966, Purchase (United States), Public	Payment card network for businesses and individuals	-	Greyrock Investments, Appaloosa Management ... & 10 others	77/100
3rd	PayNet 1997, Kuala Lumpur (Malaysia), Unfunded	Operator of payment network and financial market infrastructure for institutions	-	-	54/100
4th	Nakamichi Malaysia Klang (Malaysia), Deadpooled	Provider of ceramic art, water filtration products, card payment systems	-	-	15/100