This policy document sets out Bank Negara Malaysia (BNM)’s regulatory requirements and guidance for electronic money issuer (EMI) approved pursuant to section 11 of the Financial Services Act 2013 (FSA) or the Islamic Financial Services Act 2013 (IFSA).

The policy document outlines requirements aimed to:

• ensure the safety and reliability of e-money issued by EMI; and
• preserve customers’ and merchants’ confidence in using or accepting e-money for the payment of goods and services.

Supplementing this, BNM has issued a Feedback Statement to address the key feedback and proposals received during the consultation period and Frequently Asked Questions (FAQs) to enhance public understanding of the requirements and clarify interpretation issues in implementing the requirements of the E-Money policy document.

See more:

• Policy Document
• Feedback Statement
• Frequently Asked Questions