Bank Negara Malaysia (BNM) has officially launched RENTAS+, an upgraded version of its Real-Time Electronic Transfer of Funds and Securities System (RENTAS). The new platform enables round-the-clock interbank fund transfers and settlements, operating 24 hours a day, 7 days a week, all year round.
This makes RENTAS+ the first real-time gross settlement (RTGS) system in ASEAN to support continuous, nonstop settlement — a milestone in Malaysia’s financial market infrastructure.
Why RENTAS+ Matters
RENTAS+ is built on modern, cloud-based technology developed by BNM. Unlike the previous system, which processed retail payments only twice daily on a net basis, RENTAS+ now settles transactions instantly on a gross basis.
This improvement reduces settlement risk between banks and enhances financial stability. It also supports Malaysia’s growing demand for instant payments, including DuitNow transfers, QR code transactions, and e-commerce payments.
24/7 Liquidity Support for Banks
To ensure smooth settlement, BNM has introduced a 24/7 automatic liquidity facility using repurchase agreements (repo) and sell-and-buy-back agreements (SBBA). These tools help banks manage liquidity at any time of the day.
Rising Demand for Instant Payments
BNM’s move comes as retail payment activity continues to grow rapidly. Since 2024, daily payment volumes have surged by 49%, while transaction value has increased by 22%.
In 2024 alone, the RENTAS system settled transactions worth RM73.63 trillion, which is about 45 times Malaysia’s GDP. RENTAS also remains one of Asia’s top bond depositories and holds the world’s largest sukuk custody portfolio, valued at US$300 billion.
Statement from Bank Negara Governor
BNM Governor Datuk Seri Abdul Rasheed Ghaffour called RENTAS+ a “key milestone” in the central bank’s modernization journey.
He said:
“RENTAS+ strengthens the resilience of Malaysia’s financial infrastructure while providing a secure, scalable, and flexible platform for future innovation.”
The governor added that RENTAS+ is designed to be both a catalyst and enabler of financial innovation in Malaysia’s markets.
What This Means for You
The launch of RENTAS+ shows how Malaysia’s financial infrastructure is moving towards faster, safer, and smarter digital payments. For businesses and individuals, this means greater confidence in using real-time transfers for daily transactions and investments.
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