RHB Pay has launched in Malaysia, giving businesses a single gateway for card, FPX and DuitNow Pay transactions.
Developed and operated by RHB Bank, the service settles funds directly into RHB accounts and includes automated reconciliation.
RHB Bank describes RHB Pay as Malaysia’s first bank-owned unified online payment gateway.
It is aimed at mid-sized enterprises, commercial businesses, corporates and government-related institutions.
RHB plans to add e-wallets, QR payments, Direct Debit and Auto Debit in a second phase targeted for the fourth quarter of 2026.
Dato’ Mohd Rashid Mohamad, Group Managing Director and Group CEO of RHB Banking Group, said,
“As a bank-owned solution, RHB PAY offers businesses greater assurance over the security of their funds and payment data.
Backed by RHB’s banking infrastructure, governance standards and regulatory oversight, the platform enables businesses to transact with confidence, while staying focused on growing their business.”
RHB Pay uses Payments Network Malaysia’s (PayNet) infrastructure for FPX and DuitNow Pay.
Malaysia recorded 18.4 billion e-payment transactions in 2025, up 25% from 14.7 billion in 2024, according to Bank Negara Malaysia.
“RHB PAY is a bold step by RHB to create new value for its business and enterprise customers through a unified payment gateway.
It shows how established financial institutions can unlock new growth opportunities by responding to evolving customer needs and bringing new solutions to the market. We are pleased to support this innovation through PayNet’s national payment rails,”
said Praveen Rajan, Chief Executive Officer, PayNet.
Featured image: Launch partners of RHB PAY commemorate the launch of Malaysia’s first bank-owned unified online payment gateway.
