KUALA LUMPUR (Feb 4): Payments Network Malaysia Sdn Bhd, the operator of DuitNow QR payment system, has formally appointed Praveen Rajan as its chief executive officer, effective Feb 1. He succeeds Farhan Ahmad, who stepped down on Jan 31, the national payments infrastructure company also known as PayNet said in a statement. Praveen joined PayNet as CEO-designate on Dec 1, 2025, as part of a planned leadership transition. Prior to joining PayNet, he was the chief consumer business officer at CelcomDigi Bhd (KL:CDB). Apart from the central bank, 11 Malaysian financial institutions are shareholders in PayNet, including the country’s largest bank by assets Malayan Banking Bhd (KL:MAYBANK).

Source: The Edge Markets February 04, 2026 07:32 UTC