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RETAIL BANKING | Staff Reporter, Malaysia

RHB unveils corporate debit card to reduce cheque and cash payments

The initiative is meant for business payments made to government agencies.

RHB Bank Berhad and RHB Islamic Bank launches RHB Corporate MyDebit Card which aims to reduce cheque and cash payments made to local government agencies. Corporate customers can now use RHB Corporate MyDebit Card under the MyDebit Scheme to make payments at all RHB Bank and RHB Islamic branches in Malaysia.

The launch of RHB Corporate MyDebit Card is aligned with the Bank Negara Malaysia’s Financial Sector Blueprint 2011-2020’s target to reduce the use of cheques to 100 million by 2020 from 205 million cheques in 2011.

The launch of Corporate MyDebit is yet another step to accelerate migration to electronic payments. The Corporate MyDebit Card is applicable to both conventional and Islamic.

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