Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has announced its partnership with Payments Network Malaysia Sdn Bhd (PayNet) as a Cloud Partner for the newly launched PayNet Fintech Hub—Malaysia’s first dedicated fintech-focused community and accelerator.
Spearheaded by PayNet, the Hub is designed to serve as a catalyst for Malaysia’s fintech sector by offering startups access to capital, industry networks, financial incentives, and global expertise. As a key Cloud Partner, Alibaba Cloud will play a pivotal role in driving innovation and empowering the next generation of fintech players in the country.
“Malaysia’s fintech ecosystem is expanding rapidly, and we are excited to support this growth by equipping startups with the cloud infrastructure, AI tools, and global connectivity they need to scale,” said Kun Huang, General Manager of Malaysia, Alibaba Cloud Intelligence. “Through our advanced cloud infrastructure and AI capabilities, we are committed to shaping the future of intelligent fintech in Malaysia.”
As part of the collaboration, startups and Fintech Hub Community members will gain access to the Alibaba Cloud Startup Catalyst Programme, which offers benefits including:
- Up to USD 120,000 (approximately RM560,000) in cloud credits and three months of Global Technical Support for the price of one month
- A 12-month Alibaba Cloud Academy membership and access to the AI Alliance Community
- Invitations to strategic ecosystem events, including global startup showcases and investor engagements hosted by Alibaba Cloud
“Having Alibaba Cloud as a Cloud Partner for the PayNet Fintech Hub empowers participating Malaysian fintechs with access to world-class tools, technical expertise, and global exposure,” said Gary Yeoh, PayNet’s Chief Marketing Officer. “This partnership will help accelerate the growth of Malaysia’s fintech ecosystem, creating new opportunities for startups to innovate and scale faster and smarter, as well as compete on a global level.”
This partnership reflects Alibaba Cloud’s broader vision of nurturing a thriving AI-driven ecosystem in Malaysia—equipping local innovators with the technological tools and global reach to lead in an increasingly digital world.
