Critical for Malaysia to have efficient cross-border payment to support trade - BNM governor

KUALA LUMPUR: It is critical for a small and highly open economy such as Malaysia to have an efficient cross-border payment service to support trade and commerce with its neighbouring countries as well as all countries worldwide.

Bank Negara Malaysia (BNM) Governor Tan Sri Nor Shamsiah Mohd Yunus said the central bank is now pursuing multiple efforts on many fronts such as by linking DuitNow, its fast payment system, with ASEAN neighbours.