Payments Network Malaysia Sdn Bhd (PayNet) today announced a collaboration with the IJN Foundation, enabling donors to easily channel donations to the foundation using PayNet’s growing DuitNow service.
To mark the special occasion, PayNet also donated a sum of MYR20,000 to the non-profit foundation that raises funds for less fortunate patients at the Institut Jantung Negara (IJN).
With DuitNow, you can make donations to IJN Foundation using only the foundation’s company registration number.
“We are proud to be partnering with the IJN Foundation to utilise the incredible functionality and capability of DuitNow to further unlock Malaysia’s generosity. We truly believe that the greater ease in donating through DuitNow will help empower IJN Foundation with the funds it requires to help those who are truly in need,” said Khairuan Abdul, deputy director of Payment Network Malaysia.
Established in 1995, the IJN Foundation raise and manages public funds to assist patients’ surgery costs and welfare. At the same time, it assists IJN in its cutting-edge research, education and training.
The foundation revealed that it disburses MYR4 million annually under its Patient Assistance Programme to provide financial assistance to poor, needy and deserving heart patients to undergo surgery and treatment at the IJN. It expects this disbursement to rise to MYR7-8 million next year onwards. Since its inception it has provided medical or financial assistance to more than 2,000 needy patients, with more than 300 being paediatric patients.
“Thanks to the immense contributions of our donors, the IJN Foundation has managed to continuously push the boundaries of support for needy patients. As the cost of medical treatment continues to rise, these donations will become even more critical. Together with PayNet and through DuitNow, we are hopeful of rising to this challenge and completely breaking down those boundaries to deliver the quality care that each and every one of our patients deserve,” commented YM Raja Datin Seri Zuraida Raja Mansur, chairman of the social and welfare committee and member board of trustees of the IJN Foundation.
What is DuitNow?
DuitNow, launched in December last year, is a real-time online fund transfer service operated by PayNet that allows you to easily transfer funds using only your recipient’s mobile phone number, NRIC number or business registration number.
Each person can have a DuitNow ID, which is a unique identifier used to register your account number. You can tie one DuitNow ID to one account, i.e. your mobile number to your savings account, or your NRIC to your current account.
To use DuitNow, all you need to do is simply log on to your preferred bank’s mobile and internet banking channel and look for DuitNow under the “Funds Transfer” or “Send Money” option.
Transfers up to MYR5,000 are free, although some banks are also offering free for transfers above MYR5,000. Consumers may transfer up to MYR50,000 per transaction at banks, and businesses may transfer up to MYR10,000,000 per transaction at banks. Note that limits may vary according to your bank.
There are currently over 35 participating banks that support the DuitNow service including Public Bank, Maybank, CIMB Bank, Affin Bank, AmBank, and HSBC Bank. Non-banks and e-money platforms will soon be coming onboard. To date, DuitNow has nearly 8 million users and is quickly becoming the preferred e-payment solution for Malaysians across the country.
Donate to the IJN Foundation today
All donations to the IJN Foundation can be channelled using its company registration number 362551V. Donations made through DuitNow are safe, easy and instant. All donations are completely tax deductible.