Swipey is built on a BNM-compliant infrastructure through regulated partners. Here's a transparent breakdown of who they are and how the compliance chain works.
Swipey's card and wallet infrastructure runs on Fass Payment Solutions Sdn Bhd (Fasspay) — a BNM-approved E-Money issuer and Visa Prepaid Card provider, operating under Bank Negara Malaysia's E-Money issuer programme. This means the financial infrastructure your business runs on meets the same regulatory standards set for licensed institutions in Malaysia.
Verify on BNM's website ↗As a BNM-regulated E-Money issuer, Fasspay is required to formally approve all partners operating under its licence and disclose them on its website. Swipey holds that approved partner status, which you can verify directly on Fasspay's website.
Verify on Fasspay's website ↗For overseas transfers, Swipey operates as an officially approved agent of MoneyMatch — a BNM-licensed Money Services Business (MSB). Agent status is not a commercial arrangement; it requires MoneyMatch to formally apply to BNM on Swipey's behalf, making Swipey's role in remittance fully sanctioned under Malaysian regulation.
View MoneyMatch's approved agents ↗