Bank Negara Malaysia launched RENTAS+ in October 2025. The upgrade made Malaysia's RTGS the first in ASEAN to operate around the clock. The original RENTAS system launched in 1999 as ASEAN's first real-time gross settlement platform. Under the previous architecture, DuitNow retail payment obligations were settled in twice-daily batch runs. RENTAS+ shifted DuitNow fund transfers, QR code payments, and e-commerce transactions to continuous individual gross settlement in central bank money. In 2024, the system settled RM73.63 trillion in transactions. That figure represents approximately 45 times Malaysia's GDP.
RENTAS+ serves 69 participants comprising commercial banks, Islamic banks, investment banks, and development financial institutions. To support continuous operations, BNM introduced an automatic 24/7 liquidity facility using repurchase agreements and sell-and-buy-back agreements. Each DuitNow transaction now settles individually after PayNet transmits it to RENTAS+, eliminating interbank credit exposure. Since 2024, daily retail payment transaction volumes have grown 49%. Daily retail payment values have increased 22% over the same period.
RENTAS+ also operates the Scripless Securities Transfer System for government bond settlement. It is the world's largest sukuk depository, holding USD300 billion in Islamic bonds. The platform maintains a payment-versus-payment link with Hong Kong's USD CHATS for cross-border MYR/USD settlement. BNM developed the cloud-native system in-house. Governor Abdul Rasheed Ghaffour described it as providing 'a secure, scalable, and flexible settlement platform for future innovations.'