Frictionless Payments for Malaysia - Bank Negara Malaysia · Frictionless Payments for Malaysia . ... Software updates, not hardware ... documents to be provided Pay from any Maybank

Frictionless Payments for Malaysia

Kalyani Nair Head, Virtual Banking & Payments 8th December 2017

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Grow

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E-Payment transaction volumes are growing faster than cash in circulation

Cash in circulation E-payments

Source: Adapted from BNM Basic Payments Indicator

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Track your transactions on a real time basis

Cash will be credited into your account immediately

No Registration Fee

No Monthly Subscription Fee

No Management Fee

Does not require NFC-enabled phone

Software updates, not hardware

Easy merchant sign up via mobile platform

No more forms or documents to be provided

Pay from any Maybank CASA account

Pay to any Maybank (or other bank’s) CASA account

QR code can be deployed almost anywhere

Up to 90 days Transaction History on the Merchant App

Instant notification for all transactions

No more trips to the bank

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Thank You