Bank Negara launches upgraded RTGS system for continuous payments

Since 2024, Malaysia’s daily retail payment volume and value have grown by 49% and 22%.

Bank Negara Malaysia (BNM) has launched RENTAS+, an upgraded version of its real-time gross settlement system (RTGS), enabling 24/7 interbank funds transfers and settlements, the first of its kind in ASEAN.

Developed in-house using cloud technology, RENTAS+ allows continuous settlement of retail payments, helping financial institutions better manage risks amidst rising transaction volumes. 

Since 2024, Malaysia’s daily retail payment volume and value have grown by 49% and 22%, respectively.

BNM has also introduced a round-the-clock automatic liquidity facility using repo and sell and buy back agreements to support continuous settlement. 

Previously, retail payments were settled twice daily on a deferred basis, which carried credit exposure. 

With RENTAS+, DuitNow transactions are now settled individually and in real time.

BNM Governor Dato’ Sri Abdul Rasheed Ghaffour said the launch strengthens Malaysia’s financial infrastructure and supports future market innovation. 

In 2024, RENTAS settled $17.46t (RM73.63t) in transactions—45 times Malaysia’s GDP—and remains the world’s largest sukuk depository with $300b in custody.

($1.00 = RM4.22)