The ICTF seeks to foster an efficient, competitive and innovative payment landscape in Malaysia by enabling the interoperability of credit transfer services and promoting collaborative competition (co-opetition) between banks and non-bank e-money issuers through fair and open access to shared payment infrastructure.

The revised ICTF is intended to clarify certain areas which received further feedback from the industry following the first issuance of the ICTF on 16 March 2018. Supplementing this, the Bank has also issued a clarification document to address Frequently Asked Questions on the ICTF.

The revised ICTF will take effect immediately.

Read more:

• Interoperable Credit Transfer Framework
• Clarification and Frequently Asked Questions

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