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Asia-Pacific
Malaysia
BNM licenses money services and e-money issuers under separate statutes.
3 licences · 5 institutions
Regulator sites
Licence types
3What the regime looks like
- Money Services Business licenceMSBLicence for remittance and money-changing under the Money Services Business Act 2011.Money transfer & remittanceOfficial source
- E-money issuerE-moneyBNM approval to issue e-money and operate a wallet.E-money & stored valueOfficial source
- Payment system operator & approved issuerPSODesignation as a payment system operator or approved payment instrument issuer under the FSA 2013.Payment institution / PSPOfficial source
A hand-picked sample for orientation — not the full register.
- AirwallexCross-border accounts, cards and acquiring with one of the widest licence footprints in APAC.AFSLAPIEMISVFMPIMSBLicensed inAustraliaUnited KingdomHong Kong, ChinaSingaporeUnited StatesMalaysiaNew ZealandChina (mainland)
- GrabPaySuper-app wallet licensed across Southeast Asia.MPIE-moneyEMILicensed inSingaporeMalaysiaIndonesiaPhilippinesThailandVietnam
- NiumReal-time cross-border payments and card issuance for banks and businesses.MPIEMIAPIMTLAFSLLicensed inSingaporeUnited KingdomUnited StatesAustraliaHong Kong, ChinaIndiaMalaysia
- WiseCross-border accounts and transfers, licensed market by market.EMIMTLMPIAFSLLicensed inUnited KingdomEuropean Union / EEAUnited StatesSingaporeAustraliaJapanMalaysia
- XenditSoutheast Asian payments infrastructure licensed country by country.PJPOPSMSBLicensed inIndonesiaPhilippinesMalaysiaThailandVietnam
Region
A curated reference, not legal advice and not exhaustive. Confirm the scope of any licence with its regulator before relying on it.