Fintech and payments news from Malaysia.
RHB Bank has launched RHB Pay, which it bills as Malaysia’s first bank-owned unified payment gateway — giving businesses a single point to accept card, FPX and DuitNow Pay, with funds settled straight into RHB accounts. A second phase in Q4 2026 adds e-wallets, QR, Direct Debit and Auto Debit.
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SoftPOS — ‘tap to phone’ — lets any merchant accept contactless cards, Apple Pay and Google Pay on a standard smartphone, with no dedicated terminal, no monthly rental and no deposit. Here’s how it works, why it matters for Malaysian micro-SMEs, and where it fits alongside DuitNow QR. Sponsored by Papaya Pay Berhad.
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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’s Interoperable Fund Transfer Framework (IFTF), effective July 2026, mandates the phase-out of proprietary QR payment networks by 30 June 2028 — making the interoperable DuitNow QR the single national standard. Here’s what it means for merchants, shoppers and e-wallets.
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As Malaysia weighs deeper ties with BRICS to reduce reliance on Western markets, its national QR rail — DuitNow — has quietly become a genuine geopolitical asset: 29 cross-border payment linkages and access to 100M+ merchants abroad. Here’s why payments are now diplomacy.
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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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Part of our Asia Payment Infrastructure series. A general overview of how Malaysia’s payment system is built — the regulator, the national operator, the instant-payment rails, the QR standard, e-wallets, and cross-border links.
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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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A merchant’s guide to Malaysia’s main payment gateways — how iPay88, Billplz, eGHL and Stripe differ on fees, features, and who each one suits best.
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Touch ‘n Go dominates Malaysia’s e-wallet scene, but MAE, GrabPay, ShopeePay and Boost each carved out a niche. Here’s who leads, why, and what sets them apart.
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