
Malaysia is putting Open Finance on a mandated, national footing, and it is doing so from a position of strength. Bank Negara Malaysia's Open Finance Exposure Draft sets up a central hub run by PayNet, with the first institutions live in January 2027, built on national rails that already work at scale (FPX, DuitNow, and DuitNow QR).
Key highlights of this report include:
A mandated, PayNet-led rollout that gives Malaysia a head start over the bilateral and voluntary models seen elsewhere in the region.
Where the opportunity is for banks and fintechs, from thin-file credit and a world-leading Islamic finance market to embedded finance and new revenue models.
With go-live set for January 2027, a short window is opening for early movers to lead one of the region's most active Open Finance markets.