1. Initiate Transfer:
Sender initiates cross-border transfer via Internet banking or e-wallet using recipient’s DuitNow ID.
Sender initiates cross-border transfer via Internet banking or e-wallet using recipient’s DuitNow ID.
2. Routing:
Transaction is routed through PayNet’s central switching and partner networks.
Transaction is routed through PayNet’s central switching and partner networks.
3. Instant Credit:
Funds are credited instantly to recipient’s linked account in partner country.
Funds are credited instantly to recipient’s linked account in partner country.
4. Confirmation:
Both sender and recipient receive confirmation of transfer.
Both sender and recipient receive confirmation of transfer.