Tap-to-pay in Malaysia, without the infrastructure project
Malaysia is in beta through a Bank Negara Malaysia (BNM)–registered acquiring sponsor with tier-1 bank settlement. It carries the cheapest blended processing rate of any market on our roadmap at 2.25%, which makes it attractive for high-volume, low-margin verticals.
Malaysian merchants expect DuitNow QR and the major e-wallets alongside cards. Tapped's single SDK delivers contactless card acceptance plus DuitNow, FPX, and Touch 'n Go, with peso-equivalent simplicity: one onboarding flow, one settlement chain, one reconciliation feed.
BNM-registered acquiring sponsor with tier-1 bank settlement — the cheapest blended rate in the region at 2.25%.
Local payment rails we support in Malaysia
Cards alone do not win a market in Asia. Tapped exposes the domestic rails Malaysia merchants actually expect, through the same SDK as card acceptance:
| Rail | What it covers |
|---|---|
| DuitNow | The national real-time rail and interoperable QR standard, addressed by mobile or ID. |
| FPX | Online bank-transfer (direct debit) rail used widely for account-funded payments. |
| TNG eWallet | Touch 'n Go — the dominant Malaysian e-wallet across transit, retail, and F&B. |
Card schemes certified for Malaysia
Every kernel we ship for Malaysia is production-certified at the scheme layer before the market goes live — Visa VCPS / L3 EMV Contactless, Mastercard M/Chip and PayPass, JCB J/Speedy, and UnionPay UPI QuickPass as applicable. Certified schemes here:
- Visa
- Mastercard
- JCB
- UnionPay
Kernel renewals and updates ship as a platform release — you inherit them without re-certifying.
Regulation & licensing in Malaysia
Tapped operates in Malaysia under Bank Negara Malaysia (BNM) supervision, with a published licensing posture of Non-bank acquirer partner. Your merchants onboard as sub-merchants beneath that arrangement, so you do not need to hold your own payment licence to go live.
We are PCI-DSS Level 1 attested annually, SOC 2 Type II, and ISO 27001 certified, with regional data controls applied where the regulator or sponsor bank requires it.
Settlement & payouts
Standard settlement in Malaysia is T+1, paid out in Malaysian ringgit (MYR). The blended processing rate is 2.25% — full per-market rates are on the pricing page, with nothing to negotiate.
Who builds on Tapped in Malaysia
Tapped is built for vertical SaaS platforms that want to embed payment acceptance into their own product — not for individual merchants. Common deployments in Malaysia:
- Restaurant & F&B platforms — tap at the table or counter on the staff's own phone.
- Salon, wellness & booking platforms — collect payment inside the booking flow.
- Field-services & delivery platforms — accept payment at the customer's door on a rider device.
- Healthcare & clinic platforms — copay and consultation collections.
- Hospitality & PMS platforms — folio checkout at the front desk.