Bank Negara defers 50 sen cheque charge to next year

KUALA LUMPUR: Bank Negara has deferred the implementation of the 50 sen charges for cheques from April 1 to Jan 1 next year as not all the agencies have the hardware to accept e-payments.

Bank Negara said on the payment side, 95% of the government agencies were equipped to handle e-payments. However, on the receiving side, only 65% was ready to handle e-payments.