BNM Postpones New Pricing for Cheques to 2 January 2015

Mar 20, 2014 (Thu): Bank Negara Malaysia (BNM) yesterday announced that the imposition of the 50 sen cheque processing fee will now be effective beginning 2 January 2015 instead of 1 April 2014. The decision was made to ensure that the required devices need to be in place to facilitate a comprehensive acceptance of this means of electronic payments (e-payments) in particular, at the federal and state government agencies nationwide.

Author: VSDaily Editor

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