Malaysia sets new technology risk rules for payment service providers
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Malaysia’s central bank has introduced a new policy framework for payment service providers (PSRs) to manage technology risks. This document consolidates requirements for electronic money issuers, merchant acquirers, and money services businesses. Key objectives include tiered regulations based on PSR size, enhancing resilience and cybersecurity, improving fraud detection, and promoting secure technology adoption. Feedback on the framework is being sought.
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