MALAYSIA BNM Issues Exposure Draft of Policy Document on e-MoneyOn 11 June 2011, Bank Negara Malaysia ("BNM") issued an exposure draft on the new Guidelines for Electronic Money ("e-Money") ("Exposure Draft"). Written feedback on the proposals in the Exposure Draft are to be made by/before 31 July 2021.
The Exposure Draft aims to ensure the safety and reliability of e-Money issued by persons approved under section 11 of the Financial Services Act 2013 or the Islamic Financial Services Act 2013 ("EMI"), and to enhance confidence in using or accepting e-Money for the payment of goods and services.
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