Malaysian business licence·Federal
BNM Approved Payment System Operator / e-Money Issuer (FSA 2013)
Issued by Bank Negara Malaysia (BNM)Financial Services Act 2013; Islamic Financial Services Act 2013
Overview
Required to operate a payment system or issue e-money (e-wallets, prepaid cards). Applicants undergo a designation process with BNM; capital, governance and consumer-protection rules apply.
Key details
Governing Act
Financial Services Act 2013; Islamic Financial Services Act 2013
Agency fees
Varies by agency — see official source
Validity
Annual renewal typical
Issuing authority
Bank Negara Malaysia (BNM)
Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.
Which businesses need it
Conditional
- 66110MSIC 66110Item · Required to operate a designated payment system or issue e-money under FSA 2013 / IFSA 2013. Recent applicable to fintech, e-wallets and merchant acquirers.
- 66191Investment advisory servicesItem · Required to operate a designated payment system or issue e-money under FSA 2013 / IFSA 2013. Recent applicable to fintech, e-wallets and merchant acquirers.
- 66199Activities auxiliary to finance n.e.c.Item · Required to operate a designated payment system or issue e-money under FSA 2013 / IFSA 2013. Recent applicable to fintech, e-wallets and merchant acquirers.