Fiuu, a leading fintech platform in Southeast Asia, has teamed up with Pos Malaysia and Payments Network Malaysia (PayNet) to launch a cashless solution for cash-on-delivery (COD) payments in Malaysia. Utilising Fiuu’s payment platform and PayNet’s DuitNow QR, the initiative aims to streamline COD transactions, offering a secure and seamless payment experience for customers across Peninsular Malaysia, Sabah, and Sarawak.
The new system allows customers to pay for deliveries by scanning a QR code on their smartphones, eliminating the need for cash and enhancing transaction speed and security. This development aligns with Malaysia’s national agenda to foster a cashless society, as highlighted in the recent Budget 2026 announcement.
DuitNow QR, Malaysia’s national QR standard developed by PayNet, will enable over 6,000 Pos Malaysia riders to collect payments digitally. This advancement addresses operational challenges such as manual cash handling and insufficient change, whilst also supporting cross-border transactions with compatibility for e-wallets like Alipay+ and Weixin Pay.
Pos Malaysia, which delivers over 30 million parcels annually, and Fiuu have significantly improved the delivery experience by integrating DuitNow QR. This partnership not only modernises the parcel and payments ecosystem but also sets new standards for efficiency and trust.
Eng Sheng Guan, CEO of Fiuu, stated, “This is more than just a payment solution, it’s a significant step toward reshaping the future of the e-commerce industry.” Charles Brewer, Group CEO of Pos Malaysia, added that the initiative reflects Pos Malaysia’s commitment to innovation and digitalisation. Gary Yeoh, Chief Marketing Officer of PayNet, emphasised the partnership’s role in advancing Malaysia towards a cashless society.
