Global payment platform SUNRATE has secured a Bank Negara Malaysia (BNM) license, receiving Class B approval under the Money Services Business Act 2011.
The regulatory milestone permits the company to offer regulated money remittance services to businesses.
It facilitates cross-border payment operations for local enterprises expanding internationally, as well as global firms entering the Malaysian market.
The move deepens SUNRATE’s existing presence in the country.
The company previously established a Kuala Lumpur office to support customer experience, product development, and regional business growth.
Demand for regulated financial infrastructure in Malaysia is rising as digital trade and cross-border commerce continue to grow.
“Securing regulatory approval in Malaysia is an important step forward in our global strategy,”
said Paul Meng, Co-founder and CEO of SUNRATE.
“With our operational foundation already established in Kuala Lumpur, this approval allows us to further strengthen our capabilities and deliver seamless, compliant payment solutions to businesses.”
The full license follows an in-principle approval from BNM granted to the company in August 2025.
Featured image credit: Edited by Fintech News Malaysia, based on image by naskawin888 via Freepik
