Overview
A Bank Rakyat payment terminal comes from the POS programme of Bank Rakyat, a Malaysian bank operated by Bank Kerjasama Rakyat Malaysia Berhad that offers merchants card acquiring with published pricing. Merchants accept debit and credit cards and contactless payments, and can offer shoppers instalments.
Methods
- debit cards;
- credit cards;
- contactless payments;
- instalments (Easy Payment Plan, EPP).
Pricing
The bank publishes its MDR, the merchant fee per transaction, for POS terminals:
- debit cards: 0.50%;
- credit cards: 1.50%;
- EPP instalments: 2.50% to 5.00% depending on tenure.
There is no setup fee and no deposit. The monthly terminal rental is waived if the merchant holds a current or savings account (CASA) with the same bank. Current promotional terms apply.
Onboarding
A merchant applies through a branch or QR2E and submits an application with supporting business documents. After approval the merchant signs an offer letter, and the bank arranges installation and training. A separate acquiring contact is available.
Who it suits
Retailers, service businesses and sellers of high-ticket goods in Malaysia: instalments help sell large purchases, while the low debit MDR keeps everyday sales costs down.
Links and socials
What they do
Work formats
Subsections
Geography · 1
Reviews
0 reviewsNo reviews yet
Write a review
Log in · Log in to leave a review.
Matching requests
Requests looking for these sections, GEOs and methods.
FuturaPay seeks MTN and Orange Money operators and aggregators in Africa
FuturaPay is building mobile money infrastructure in Africa and recruiting local partners country by country. It wants companies whose connection is already live in production, not just planned. Who…
Looking for:Payment providersTeams
INRSettle seeks PSPs, AD banks and FX / stablecoin rails for corporate INR flows
Start-up INRSettle is building a cross-border B2B settlement service in Indian rupees and wants regulated partners: PSPs, Authorised Dealer (AD) banks and providers of FX and stablecoin…
Looking for:Payment providers
Softbook seeks a PA / PG for a UPI Intent integration in Gurgaon
Softbook is looking for an established payment aggregator (PA) or gateway (PG) to enable UPI Intent for its client in Gurgaon. The author describes the client as approved under BBPS, India's bill…
Looking for:Payment providers
PAYSTO invites banks, gateways and SBP partners to integrate
PAYSTO is looking for banks, payment gateways, SBP partners and local operators to integrate with and expand into new markets. Intake is ongoing. What is needed bank, PSP and gateway integrations…
Looking for:Payment providersTeams
Airline booking agency seeks to replace an acquirer with a 20% reserve
Airline booking acquiring is being sourced by broker QuadraPay for a separate client, an agency selling flights to buyers in the United States. Its current provider holds a 20% rolling reserve, and…
Looking for:Payment providers
US AI short-video SaaS seeks subscription card processing
Processing for AI SaaS is being sourced by QuadraPay, a merchant-services introducer and reseller representing an unnamed client. The merchant is a US LLC running an AI-powered short-video generation…
Looking for:Payment providers
Similar companies
All
Nominal Payments
Nominal Payments develops payment infrastructure for businesses operating in challenging international markets. We bring together merchants, local traders…
Business Expansion LLC
Business Expansion is a business infrastructure and international expansion partner helping iGaming, Web3 and FinTech businesses establish, structure and scale…
Starex
We ensure the stable operation of our payment infrastructure, regularly update payment details, and maintain high-quality processing so that your users can…
Payloniym