PETALING JAYA: Fiuu, a fintech platform in Southeast Asia, has partnered with Pos Malaysia, the national post and parcel service provider, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network, to introduce a transformative cashless solution for cash-on-delivery (COD) transactions.
This initiative is powered by Fiuu’s innovative payment platform and leverages PayNet’s DuitNow QR. It aims to redefine how Malaysians complete their COD transactions, providing a seamless and secure payment experience right at their doorstep.
“Through this partnership, Fiuu is at the forefront of driving Malaysia’s digital economy forward. We are committed to delivering secure, innovative, and customised payment solutions that not only benefit consumers and merchants but also support Pos Malaysia in expanding its COD offering for e-commerce sellers. By converting to DuitNow QR, Fiuu can automate the cashless collection reconciliation process, paving the way for more seamless and efficient transactions. This is more than just a payment solution, it’s a significant step toward reshaping the future of the e-commerce industry,” said Fiuu CEO Eng Sheng Guan.
Pos Malaysia Group CEO Charles Brewer said, “At Pos Malaysia, we are passionate about building trust to connect lives and businesses for a better tomorrow. By embracing DuitNow QR, we are transforming our COD services to meet the evolving needs of our customers. This innovative cashless solution not only delivers effortless convenience but also reflects Pos Malaysia’s dedication to drive innovation and digitalisation, allowing us to enhance our services and deepen our connection with the rakyat in the digital age.”
PayNet chief marketing officer Gary Yeoh shared, “PayNet is proud to be a key enabler in simplifying the COD payment process for the courier, express, and parcel (CEP) sector across Malaysia. With the enablement of DuitNow QR, we are tapping into a larger potential of cashless conversions through even more secure and efficient transactions. Our partnership with Fiuu and Pos Malaysia further advances our mission to drive the nation towards a cashless society. This collaborative effort is a step forward in providing reliable, innovative digital payment experiences for all Malaysians.”
The partnership marks a defining moment in transforming COD parcel services, giving millions of Malaysians a faster and safer way to pay. By uniting the strengths of Fiuu, Pos Malaysia, and PayNet, the initiative advances the nation’s digital economy and lays the foundation for stronger e-commerce growth.
