SUNRATE, the global payment and treasury management platform based in Singapore, announced Tuesday that it has been granted a license by the Malaysian Central Bank, marking a key milestone in the company’s continued expansion.
The approval enables SUNRATE to offer regulated money remittance services in Malaysia, strengthening its ability to deliver secure, compliant, and efficient cross-border payment solutions to businesses operating locally and globally, SUNRATE said in a statement.
This milestone builds on SUNRATE’s earlier investment in Malaysia, including the establishment of its Kuala Lumpur office as part of its global operations network.
The office serves as a key hub supporting operations, customer experience, product development, and business growth—reinforcing Malaysia’s role as an important center for fintech talent and execution.
“Securing regulatory approval in Malaysia is an important step forward in our global strategy,
“With our operational foundation already established in Kuala Lumpur, this approval allows us to further strengthen our capabilities and deliver seamless, compliant payment solutions to businesses,” said Paul Meng, Co-founder and Chief Executive Officer of SUNRATE.
As Malaysia continues to see growth in digital trade and cross-border commerce, SUNRATE opined that demand for reliable and regulated financial infrastructure is increasing.
The firm aims to support this demand by enabling businesses to scale globally with confidence through its unified platform and global network.
Together, SUNRATE’s established presence in Malaysia and this regulatory approval further enhance its ability to serve both local enterprises expanding internationally and global companies entering the market, said the statement.