The Road Transport Department has suspended My E.G. Sdn Bhd and parent Zetrix AI Bhd as collection agents for road tax, licence and summons payments from 5 October 2026, after the Transport Ministry said about RM314 million collected between May and September was not remitted. Legal action to recover the funds is under way.
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Bank Negara Malaysia has unveiled a three-year asset-tokenisation roadmap and moved its first ringgit stablecoin and tokenised-deposit pilots into the regulatory sandbox — with Standard Chartered, Capital A, Maybank and CIMB on board. The focus: wholesale B2B and cross-border settlement, not speculative crypto.
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Bank Negara Malaysia plans to retire proprietary QR payment networks by 30 June 2028 under its Interoperable Fund Transfer Framework. Here’s what it means for shoppers, merchants and e-wallets — in plain English.
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The Fed raised its benchmark rate by 25bps to 3.75%–4.00% on 16 Sep 2026 — its first hike since July 2023 — in a unanimous vote, with the dot plot signalling one more increase this year. Despite the hawkish action, Wall Street rose as the move was fully expected. For Asia, a firmer US dollar means higher hedging and settlement costs on USD corridors and fresh pressure on the ringgit.
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Behind every DuitNow scan sits PayNet and Bank Negara Malaysia. Here’s who owns the national payment network, how it’s governed, and why it doesn’t chase profit.
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