KUALA LUMPUR, MALAYSIA, 6 August 2025 — SUNRATE, the global payment and treasury management platform, today announced that the company has been awarded Approval-in-Principle (AIP) by the Bank Negara Malaysia (BNM) for a Money Services Business (MSB) licence.
This milestone not only enables SUNRATE to offer its full suite of global B2B payment services to Malaysian businesses — including fast, secure, transparent, and cost-effective cross-border transactions — but also solidifies Malaysia as the key location for SUNRATE’s new hub for global operations.
As part of its strategic expansion, SUNRATE plans to significantly grow its team in Malaysia, hiring across key functions. This expansion underscores SUNRATE’s long-term commitment to positioning Malaysia as a key hub for global fintech innovation and operational excellence.
“Cross-border payments and treasury operations remain some of the most complex yet critical functions for modern businesses. At SUNRATE, we’ve always believed in removing friction from global finance and enabling companies to scale seamlessly across borders,” said Joshua Bao, Co-founder of SUNRATE.
Bao continued, “Malaysia is an important part of our global strategy—not only as a high-growth market, but also as a strategic hub for our global operations. With this new licence, we are deepening our commitment to the region. Our goal is to empower both local and global businesses with robust, compliant, and scalable financial infrastructure from the heart of Southeast Asia.”
With licensed operations already in Singapore, Indonesia, Hong Kong SAR, the UK, and Mainland China, the company continues to deepen its presence globally and is well-positioned to support businesses with seamless cross-border payments and treasury solutions.
About SUNRATE
SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/
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