KUALA LUMPUR, MALAYSIA, 29 April 2026 — SUNRATE, the global payment and treasury management platform, announced that it has been granted a Class B licence under the Money Services Business Act 2011 by Bank Negara Malaysia, marking a significant milestone in the company’s continued expansion.
The approval enables SUNRATE to offer regulated money remittance services in Malaysia, enhancing its ability to deliver secure, compliant and efficient cross-border payment solutions to businesses operating both locally and globally.
This milestone builds on SUNRATE’s strategic investment in Malaysia, where the company has established its Kuala Lumpur operations as a Shared Services Centre within its global network. The centre serves as a core operational backbone, supporting key functions including operations, customer experience, product development and business growth—reinforcing Malaysia’s role as a key location for fintech talent and execution on a global scale.
“Securing regulatory approval in Malaysia is an important step forward in our global strategy,” said Paul Meng, Co-founder and CEO of SUNRATE. “With our Shared Services Centre in Kuala Lumpur already playing a key role in our global operations, this approval allows us to further strengthen our capabilities and deliver seamless, compliant payment solutions to businesses worldwide.”
As Malaysia continues to experience growth in digital trade and cross-border commerce, demand for reliable and regulated financial infrastructure is increasing. SUNRATE is well positioned to support this demand through its unified platform and global network.
Together, SUNRATE’s expanded regulatory capabilities and its established Shared Services Centre in Malaysia further enhance its ability to support both local enterprises expanding internationally and global companies entering the market.
About SUNRATE
SUNRATE is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, SUNRATE has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.
SUNRATE operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. SUNRATE is also the principal member of Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/.
Share to
We hope to use cookies to better understand your use of this website. This will help improve your future experience of accessing this website. For detailed information on the use of cookies and how to revoke or manage your consent, please refer to our < privacy policy >. If you click the confirmation button on the right, you will be deemed to have agreed to use cookies.
