AmBank has rolled out Apple Pay support for its debit cardholders, with transactions now enabled on PayNet’s MyDebit network, allowing payments to be processed through Malaysia’s domestic payment infrastructure.
The bank had previously introduced Apple Pay for credit cards, and this latest move extends the MyDebit users, making AmBank the first in Malaysia to support Apple Pay on the local debit network.
Customers can use Apple Pay for in-store, in-app, and online purchases. In-store payments can be made using an iPhone or Apple Watch, while online and app transactions are supported on iPhone, iPad, and Mac. Authentication is done באמצעות Face ID, Touch ID, or passcode, with each transaction secured by a unique dynamic security code.
AmBank Group Managing Director of Retail Banking, Cheong Chee Wai, said the collaboration with PayNet enables the bank to deliver Apple Pay via Malaysia’s own MyDebit infrastructure, while maintaining a seamless and secure user experience.
For security, actual card numbers are not stored on devices or Apple servers. Instead, a unique Device Account Number is generated and securely stored in the device’s Secure Element chip.
Customers can activate Apple Pay by adding their MyDebit card through Apple Wallet or the AmOnline app, and will continue to enjoy existing rewards and benefits.
To promote adoption, AmBank is offering a limited-time cashback campaign, where eligible MyDebit users who complete three transactions of at least RM30 each within a month will receive RM30 cashback, on a first-come, first-served basis.