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List of Issuers of Credit Cards, Charge Cards, E-money and Remittance Service Providers
Credit Cards
Banks |
Non-banks |
- Affin Bank Berhad
- Alliance Bank Malaysia Berhad
- AmBank (M) Berhad
- AmIslamic Bank Berhad
- Bank Islam Malaysia Berhad
- Bank Kerjasama Rakyat Malaysia Berhad
- Bank Simpanan Nasional
- CIMB Bank Berhad
- CIMB Islamic Bank Berhad
- Citibank Berhad
- EON Bank Berhad
- Hong Leong Bank Berhad
- HSBC Bank Malaysia Berhad
- HSBC Amanah Malaysia Berhad
- Malayan Banking Berhad
- Maybank Islamic Berhad
- OCBC Bank (Malaysia) Berhad
- Public Bank Berhad
- RHB Bank Berhad
- Standard Chartered Bank Malaysia Berhad
- United Overseas Bank (Malaysia) Berhad
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- AEON Credit Service (M) Berhad
- MBF Cards (M'sia) Sdn. Bhd.
- Synergy Cards Sdn Bhd
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Charge Card
Banks |
Non-banks |
- Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
- HSBC Bank Malaysia Berhad
- Malayan Banking Berhad (Issuer of American Express charge card)
- Public Bank Berhad
- United Overseas Bank (Malaysia) Bhd
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- Diners Club (Malaysia) Sdn Bhd
- iSynergy Sdn. Bhd.
- MBF Cards (M'sia) Sdn Bhd
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Banks |
Non-banks |
- AmBank (M) Berhad
- Bank Islam Malaysia Berhad
- EON Bank Berhad
- RHB Bank Berhad
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Small E-money Scheme |
| Maximum purse size of RM200 |
- Malaysia Design & Innovation Centre Sdn. Bhd.
- Mobile Wallet Sdn. Bhd.
- Webonline Dot Com Sdn. Bhd.
- Mobile e-Transction Sdn. Bhd.
- JST Technology Sdn. Bhd.
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Large E-money Scheme |
| Maximum purse size of RM500 |
- MOL Access Portal Berhad
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| Maximum purse size of RM1,500 |
- Com2U Sdn. Bhd.
- Maxis Mobile Services Sdn. Bhd.
- Touch 'n Go Sdn. Bhd.
(fomerly known as Rangkaian Segar Sdn. Bhd.)
- Mobile Money International Sdn. Bhd.
- Celcom Multimedia (Malaysia) Sdn. Bhd.
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| Maximum purse size of RM2,000 |
- IPS Sdn. Bhd. (formerly known as e-Kencana Sdn. Bhd.)
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| Maximum purse size of RM10,000 |
- Tune Money Sdn. Bhd. (International Brand Prepaid)
- SuperKad Services Sdn. Bhd.(Shell Corporate Prepaid)
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Remittances Service Providers
- All commercial and Islamic banks
- Bank Kerjasama Rakyat Malaysia Berhad
(Includes its branches)
- Bank Simpanan Nasional
(Includes its branches)
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For list of Non-Bank Remittance Operators, please refer to hyperlink below:
http://www.bnm.gov.my/index.php?ch=204
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*Electronic Money (e-money)
What is e-money?
E-money is an instrument that contains monetary value that has been paid in advance by the user to the e-money issuer. Thereafter, the user will be able to use the e-money to purchase goods and services from merchants who accept the stored value in the e-money as payment. When users pay using e-money, the amount will be automatically deducted from their e-money balance.
Forms of e-money
Currently, there are two types of e-money:
(i) card-based, such as prepaid cards; and
(ii) network-based, such as Internet accounts or virtual accounts that may be accessible via mobile phone.
Requirements for e-money issuers
- E-money can be issued by both banks and non-banks.
- As e-money is a designated payment instrument (DPI), those who wish to issue it are required to obtain written approval from Bank Negara Malaysia pursuant to section 25(1) of Payment Systems Act 2003 (PSA).
- There are two types of e-money schemes, i.e. small schemes and large scheme.
- Those who have obtained approval to participate in a large e-money scheme may issue e-money with a purse size of more than RM200 and up to a maximum limit which was approved by Bank Negara Malaysia. This means that the pre-loaded monetary value of the e-money should not exceed the maximum amount approved by Bank Negara Malaysia at all times.
- The purse limit for a small e-money scheme should not exceed RM200 at all times. In addition, their outstanding e-money liabilities1, should be less than RM1 million.
- E-money issuers are also required to ensure registration of users, and provide clear terms and conditions for the use of the e-money (including refund policies).
Responsibilities of e-money users
- E-money users must read and understand the terms and conditions for the use of the e-money and know what are their rights and responsibilities as users, as well as procedures for reporting lost or stolen e-money, dispute resolution process and refund.
- E-money users must ensure that all transactions using e-money, for example, payment for goods and services to merchants and funds transfer between users, do not exceed the approved purse limit.
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1 The unutilised amount of e-money which has been issued and the utilised amount of e-money which is pending payment to merchant.
Last Updated Date: 08 September 2009
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