NIPL-PayNet Malaysia To Drive Payment Linkages


Both Leaders emphasised that Malaysia–India Digital Council (MIDC) will serve as a strategic mechanism to strengthen bilateral digital engagement and support the digital transformation agendas of both countries.


PM Narendra Modi attends delegation level talks between India and Malaysia at Kuala Lumpur, in Malaysia

FinTech BizNews Service

Mumbai, 8 February 2026: At the invitation of Prime Minister of Malaysia, His Excellency, Dato’ Seri Anwar Ibrahim, His Excellency, Shri Narendra Modi, Prime Minister of the Republic of India, undertook an official visit to Malaysia from 7 to 8 February 2026. The visit reflected the deep-rooted friendship and enduring people-to-people ties, based on civilizational connections between the two countries. It reaffirmed the shared commitment of the two Leaders to further consolidate and expand the India–Malaysia Comprehensive Strategic Partnership.


PM meeting with the Prime Minister of Malaysia, Mr. Anwar Ibrahim at Kuala Lumpur, in Malaysia

During the visit, Prime Minister Modi was accorded an official welcoming ceremony at the Perdana Putra Complex, Putrajaya. The Leaders then held official bilateral meetings on 8 February 2026, reaffirming the CSP. The Prime Ministers held extensive and productive discussions in a warm and cordial atmosphere, covering the full spectrum of bilateral relations, including political engagement, defence and security cooperation, maritime cooperation, trade and investment, digital economy, science and technology, energy, agriculture, health, education, culture, tourism, youth exchanges and people-to-people contacts, in addition to regional and global developments of mutual interest. Prime Minister Anwar Ibrahim also hosted an official luncheon in honour of Prime Minister Modi. They also witnessed the exchange of a number of bilateral documents, aimed at further strengthening institutional cooperation.

Digital and Financial Cooperation

The Leaders applauded the formalisation of the Malaysia–India Digital Council (MIDC), recognising its potential as a key platform to advance digital cooperation, foster innovation, and explore collaborative projects in areas such as fintech, e-governance, cybersecurity, artificial intelligence, Digital Public Infrastructure (DPI), and emerging technologies. Both Leaders emphasised that MIDC will serve as a strategic mechanism to strengthen bilateral digital engagement and support the digital transformation agendas of both countries.

The Leaders welcomed the collaboration between NPCI International Limited (NIPL) and PayNet Malaysia to establish bilateral payment linkages. They noted that this integration will significantly enhance the ease of doing business and provide seamless, low-cost remittance and payment solutions for tourists, students, and small businesses, thereby enabling closer economic and people-to-people connectivity between Malaysia and India.

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