Malaysia SC to Launch New E-Payement Platform on May 1

The Securities Commission Malaysia (SC) announced a new electronic payment hub, also known as e-PATH, which provides a more seamless and secure way for market participants and the public to make online payments to the SC.

e-Path is part of the SC’s digital transformation initiatives and enables an easier online payment process for various regulatory and registration fees related to most submissions made to the SC.

These include fees for, among others, applications for initial public offerings, transfers of listing, as well as take-overs and mergers.

e-Path, which will officially launch on 1 May 2023, will help enhance the overall user experience through faster and more efficient processing of payments, integration with a range of payment methods, including credit and debit cards, online banking, and access to real-time tracking of payment status.

Malaysia SC has been facilitating more convenience for the capital market and financial activities. Last week, the committee introduced a framework that would benefit dealer representatives (DRs) in the capital market​. The new framework, which took effect on April 14, 2023, allows DRs to expand their scope of activities and roles beyond just dealing in securities.