Bank Negara Malaysia (BNM) plans to modernise Malaysia’s retail payments. The central bank is helping to build a payment platform to facilitate and drive innovation in e-payments. Known as the Real-time Retail Payments Platform (RPP), it will deliver a quantum leap in e-payment value proposition and drive e-payment adoption. Through this platform, friction (time taken) from payment processes will be reduced significantly. Leading banks in Malaysia, including Standard Chartered, is supportive of this initiative.