KUALA LUMPUR, MALAYSIA – Media OutReach – XTransfer, a fintech company, has obtained a conditional payment facilitator license from Bank Negara Malaysia, representing a significant milestone for trade settlements among local SMEs. This green light enables XTransfer to enroll Malaysian small and medium-sized enterprises on its cross-border payments network, providing instantaneous, multi-currency exchange and settlement services at attractive rates.
This authorization allows XTransfer to optimise cross-border transactions for SMEs, cutting expenses, accelerating payment timelines, and enhancing transparency internationally. By leveraging this feature, XTransfer seeks to support Malaysian enterprises in accessing new markets more effectively and broadening their global presence.
This progress highlights Malaysia’s continuous effort to update its financial framework and foster SME expansion via digital innovation.
Hashtags:
#XTransfer #PaymentLicense #Malaysia #BankNegaraMalaysia #Crossborder #SMEs
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📊 Market Context & Insight
Local investors may consider rental properties, budget housing projects, commercial spaces, and Bursa-listed REITs. Given the upsurge in urban migration and rental demand, balancing tangible real estate with listed REITs can mitigate risk and seize growth potential.
💡 What This Means for Malaysian Investors
Urban demand in Kuala Lumpur, Selangor, and Penang, government schemes such as PR1MA, rate changes by Bank Negara Malaysia, along with infrastructure developments like the MRT3 and LRT expansions, are influencing the Malaysian property sector. Additionally, REITs on Bursa Malaysia mirror the wider economic climate.
🔗 Useful Resources
Note: This write-up serves solely as information and does not constitute financial advice. Please seek guidance from licensed property agents or financial advisors in Malaysia before making investments.
