Real-time Retail Payments Platform (RPP)

The Real-time Retail Payments Platform (RPP) is a strategic initiative to modernise Malaysia’s retail payments, facilitate and drive innovation in e-Payments, and augment our participating institutions’ ability to compete and remain at the forefront of customer relationships.

RPP will deliver a quantum leap in e-Payment value proposition to drive e-Payment adoption and create the next wave of growth. We envision that RPP will make e-Payments fast, frictionless and convenient to meet demands for immediacy in an online, interconnected world.

During 2017, we will build the Core RPP infrastructure and initial Payment Services with pilot launch in early 2018. The initial services will be Instant Credits and Request-to-Pay for e-commerce, and P2P Payments with Proxy Address Resolution (for activation mid 2018). PayNet will work closely with the industry, to quickly populate the National Addressing Database so that payments can be addressed seamlessly by mobile number or NRIC number.

Real-time Retail Payments Platform (RPP) offerings

  • Greater Convenience

    24x7 services, anytime, anywhere

  • Increased Transparency

    Obtain transaction outcomes in real-time

  • Enhanced Finality and Certainty

    Make payments with confidence

  • Extended Data for Business

    Ochestrate commercial process within payment process

  • Wider Reach & Inclusiveness

    Pay anyone, anywhere

  • Enabler and Catalyst for Innovation

    Provide platform for new and innovative payments services

  • Proxy Payments

    Address payments with business registration, mobile and NRIC numbers

How does RPP benefit customers

With RPP’s instant credits, customers of banks will enjoy the convenience of making and receiving payments immediately on a 24x7 basis.

RPP’s Request-to-Pay eCommerce service, will facilitate a more convenient and safer mode of conducting online eCommerce transactions using your financial institutions’ Mobile Banking App to review and approve transactions.

Through the National Addressing Database, RPP offers bank customers a simpler way to direct payments using mobile numbers or NRIC numbers, without requiring the banking account information of recipients. Bank customers need only perform a one-time registration in the National Addressing Database through their banks to use this service.