Central Banking

Malaysian banks will use cheque fees to incentivise electronic payments

Bank Negara Malaysia

Malaysian banks will use their cheque-processing fees to incentivise customers to adopt e-payments from January 2, 2015, under a new scheme unveiled today by Bank Negara Malaysia's deputy governor, Muhammad bin Ibrahim.

This was one of six strategic measures announced by the deputy at the Payment System Forum and Exhibition 2014 in Kuala Lumpur, as the central bank looks to accelerate the pace of the country's migration to e-payments, and reduce the use of cash and cheques.

Implementation of the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: