Malaysia Open Banking

Open Banking Implementation Framework

ActiveOpen BankingAsia
🌍
Jurisdiction
Malaysia
📅
Effective Date
2022
Jun 1, 2022
Full Compliance
2025
Jun 1, 2025
🏛️
Regulator
Bank Negara Malaysia

Overview

Malaysia's Open Banking framework requires financial institutions to provide API access integrated with DuitNow instant payment infrastructure. Phased implementation across account types.

Scope & Coverage

AISPISDuitNow

Key Requirements

1
DuitNow integration
2
Phased API rollout
3
TPP registration
4
Consumer consent

Key Notes

Building on strong DuitNow adoption. Digital bank licenses support ecosystem growth.

Official Resources

Related Regulations

Other open banking frameworks in Asia:

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