BNM
Malaysia and Singapore launch cross-border real-time payment systems connectivity
Malaysian central bank Bank Negara Malaysia (BNM) and Singapore central bank the Monetary Authority of Singapore (MAS) have jointly launched the real-time payment systems linkage between Malaysia’s DuitNow and Singapore’s PayNow.
Malaysian Central Bank to finalize DITO Framework in first half of 2024
Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.
Malaysian Central Bank: micro and small businesses will continue to enjoy zero-cost transactions DuitNow QR payments
Malaysian Central Bank said last Friday that micro and small businesses in Malaysia will continue to enjoy zero-cost transactions DuitNow QR payments, and no new costs for individual customers.
Malaysian Central Bank aims to issue up to five DITO licences
Malaysian Central Bank has on Friday issued the exposure draft on licensing and regulatory framework for Digital Insurers and Takaful Operators (DITOs) for written feedback following the issuance of the discussion Paper earlier this year. The bank aims to finalise the policy document and invite the applications for licence in 2023. Meanwhile, up to five…
Central Banks of Indonesia, Malaysia, Philippines, Singapore and Thailand seal cooperation in regional payment connectivity
Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.
