KUALA LUMPUR: Bank Negara Malaysia (BNM) has issued a revised policy document on electronic money (e-money) and a revised set of Frequently Asked Questions (FAQ), which comes into effect today.
In a statement, the central bank said the policy document outlines requirements to ensure the safety and reliability of e-money issued by electronic money issuers (EMIs) and preserve customers’ and merchants’ confidence in using or accepting e-money for the payment of goods and services.
