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BNM To Phase Out Proprietary QR Payment Networks In Malaysia By 2028

Bank Negara Malaysia (BNM) has announced plans to phase out proprietary QR payment networks over the next two years as part of its push towards a fully interoperable QR payment ecosystem. Under the central banks newly issued Interoperable Fund Transfer Framework (IFTF), existing proprietary systems must cease operations by 30 June 2028, while affected payment The post BNM To Phase Out Proprietary QR Payment Networks In Malaysia By 2028 appeared first on Lowyat.NET.

Lowyat Lowyat · Wire Report · 16 hours ago · 1 min read

BNM To Phase Out Proprietary QR Payment Networks In Malaysia By 2028

Image via wire syndication · Lowyat

WIRE — Bank Negara Malaysia (BNM) has announced plans to phase out proprietary QR payment networks over the next two years as part of its push towards a fully interoperable QR payment ecosystem. Under the central banks newly issued Interoperable Fund Transfer Framework (IFTF), existing proprietary systems must cease operations by 30 June 2028, while affected payment The post BNM To Phase Out Proprietary QR Payment Networks In Malaysia By 2028 appeared first on Lowyat.NET.

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