Why PayNet / Why Now
- National payments infrastructure where rule quality directly impacts economic trust and system stability
- Organisation scaling in complexity, scrutiny, and delivery expectations across regulators and industry
- Leadership pushing for clearer differentiation, stronger governance, and decisive rule ownership
- Payments ecosystem evolving rapidly, requiring rules that enable innovation without compromising integrity
TL;DR
- Own PayNet’s participation rules and operational frameworks end to end
- Decide how rules evolve to support innovation while safeguarding integrity
- Act as PayNet’s central authority on rule interpretation and change
- Lead industry consultation and regulator‑facing rule engagement
- Build and lead a high‑performing Rules organisation
Why This Role Matters
- PayNet Rules determine how millions of transactions happen safely every day
- Clear, enforceable rules are critical to trust in national payment systems
- Poorly designed rules slow adoption; strong rules enable ecosystem growth
- Decisions in this role directly affect regulatory confidence and industry stability
What You Will Actually Do
- Own the strategy and direction for PayNet participation rules and operational frameworks
- Lead drafting, enhancement, and enforcement of rules across PayNet schemes
- Decide how regulatory expectations translate into practical operating requirements
- Lead structured industry consultation and syndication on rule changes
- Build governance, documentation discipline, and delivery excellence within the Rules team
Examples of This Role in Practice
- Redesign fragmented operational rules into a single, coherent framework adopted industry‑wide
- Lead urgent rule clarification during a live operational or industry incident
- Balance regulator intent, bank readiness, and fintech innovation during rule changes
- Decide and communicate authoritative rule interpretations with ecosystem impact
- Drive timely implementation of rule changes across multiple schemes and participants
What Will Help You Succeed
- Experience in payments or financial services with senior operational accountability
- Hands‑on ownership of rules, schemes, or operational frameworks
- Proven credibility working directly with regulators on operational and rule matters
- Senior stakeholder leadership across banks, fintechs, and industry bodies
- Experience with national or shared payment infrastructure is a strong advantage
- Ability to balance regulatory soundness with industry practicality and speed
About the Company
Payments Network Malaysia Sdn Bhd
Embark on an exciting career journey with Payments Network Malaysia Sdn Bhd (PayNet), the heartbeat of Malaysia's financial markets!
As the national payments network and a pivotal infrastructure for Malaysia’s dynamic financial markets, PayNet is a linchpin in advancing the nation’s digital economy.
Our comprehensive suite of retail payment solutions - encompassing DuitNow (QR and P2P), JomPAY (Bill Payments), FPX (Online), MyDebit (Domestic Debit), MEPS (ATM), and IBG (Interbank GIRO) - not only offer wide accessibility but are seamlessly integrated into the fabric of daily life in Malaysia. These services have revolutionised the way Malaysians handle financial transactions, marking a significant leap in consumer convenience and efficiency.
At PayNet, our focus is on providing a safe, efficient, and innovative payments system. We are dedicated to improving and managing payment services that meet the evolving needs of consumers and businesses. Our work ensures the stability and reliability of Malaysia’s financial system, supporting the growth of the economy.
Learn more about our work and how we are contributing to Malaysia's financial future at www.paynet.my.
Join us in embracing digital payments and advancing Malaysia's financial landscape.