Gate News message, April 28 — Sunrate, a Singapore-based payments and treasury platform, announced that Bank Negara Malaysia has granted it a Class B license under the Money Services Business Act 2011, enabling the company to offer regulated money remittance services in the country.
The license authorizes Sunrate to provide cross-border payment services for businesses operating in Malaysia and internationally. The approval expands Sunrate’s operational presence in Malaysia, where it already maintains existing operations.
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