Bank Negara Malaysia's (BNM) Payment Card Reform Framework (PCRF) - Interchange Fee Adjustment
Interchange Fee Adjustment for Domestic Payment Card Transactions
Further to the domestic payment card transactions interchange fee introduced from 1 July 2015, the credit card interchange fee (IF) ceiling is adjusted as follow effective 1 January 2018 :-
|International Scheme Debit
||0.21% or 70 Sen + 0.01% (whichever is lower)
||0.15% or 50 Sen + 0.01% (whichever is lower)
|UnionPay Credit/ Debit *#
||0.831% / 0.21% or 70 Sen + 0.01% (whichever is lower)
*Excluding Petrol and Government Sector Transaction/ # Excluding Charity Transactions
The Interchange Fee can also be accessed at the following web site :-
The current Merchant Discount Rates (MDRs) enjoyed have taken into account the revision to the domestic interchange fee based on the current sales volume generated and other variable cost involved in the process.
Subsequent changes to the domestic interchange fee would be reflected at the respective payment card network websites.