Bank Negara Malaysia's (BNM) Payment Card Reform Framework (PCRF) - Interchange Fee

Bank Negara Malaysia's (BNM) Payment Card Reform Framework (PCRF) - Interchange Fee

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 2017 :-
 
Card Type Interchange Fee
Domestic Credit 1.037%*
International Scheme Debit 0.21% or 70 Sen + 0.01% (whichever is lower)
Domestic Debit 0.15% or 50 Sen + 0.01% (whichever is lower)
UnionPay Credit/ Debit *# 0.937% / 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 :-
 
Payment Operator URL Address
Visa International www.visa.com.my/aboutvisa/interchange/interchange.shtml
MasterCard Worldwide www.mastercard.com/sea/merchants/interchange.html
MyDebit/ E-Debit www.myclear.org.my/business-mydebit.html
UnionPay International http://unionpayintl.com/en/IRF/

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.