Malaysia: A leader in payments modernisation & innovation
SWIFT Business Forum Malaysia 2016 - HighlightsCommunity of Malaysia focused on fintech, standards, modernisation and innovation.
As one of the key pillar countries of the ASEAN, Malaysia stands at the forefront of boasting its solid financial system with its robust and diversified payments market infrastructure foundation and a continuously developing securities sector. The country has strong fundamentals and rising potential in leading ASEAN regional integration in becoming the next innovative hub of the region with its significant investment and priorities set to develop the fintech industry.
The key thrust of the plan is to develop a new real-time retail payment platform that will serve as both a catalyst and enabler for innovative payments in Malaysia. This should meet the needs of consumers and businesses who increasingly expect payments on-demand, where funds are available to the recipient immediately.
- Datuk Muhammad Ibrahim, Deputy Governor, Bank Negara Malaysia
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