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What is interchange?

Interchange is a fee that the merchant's acquiring bank pay for the implementation of a payment transaction. This will help to compensate the card-issuing bank for some of the risks and costs it incurs by maintaining accounts for cardholders. Mastercard has the right to establish standardized interchange across national borders and within a country (domestic). Mastercard uses the same approach as when the interchange is determined in other parts of the world. The goal of standardized interchange is both to ensure that Mastercard cards are issued on a broad basis and that Mastercard cards are accepted on a broad base of retail outlets.



In accordance with Bank Negara Malaysia’s (BNM) Payment Card Reform Framework dated 23 December 2014, with effect from 1 July 2019, the intercountry interchange programs for Malaysia will be updated as listed in the attached tables.

The interchange rates changes will apply to all transactions that are acquired in Malaysia and initiated with MasterCard consumer and commercial Credit, Debit, and Prepaid cards issued in Malaysia.


Mastercard Interchange Table


With effect from 1 July 2017, Mastercard is introducing an interchange structure in Malaysia for business-to-business (B2B) transactions for participating acquirers and issuers in Malaysia and initiated with a qualifying commercial product issued in Malaysia. Customers who are interested may contact the location Customer Delivery lead or the local help desk.

Bill Payment Aggregator, Charities, Government Services, Petroleum – Card Acceptor Business Code (MCCs) that qualify for the respective incentive interchange rates are as follows:-

Card Acceptor Business Code (MCCs) Table

Incentive Interchange
Category Name
Card Acceptor Business Code (MCCs)
    Bill Payment Aggregator     Only Applicable to registered bill payment aggregators.
    For more information, contact your local Mastercard representative.
    Charities     8398 - Organizations, Charitable and Social Service
    8661- Organizations, Religious
    Government Services     9211 - Court Costs including alimony and child support
    9222 - Fines
    9223 - Bail and Bond Payments
    9311 - Tax Payments
    9399 - Government Services – not elsewhere classified
    9402 - Postal Services – Government Only
    9405 - Intra-government Purchases – Government Only
    Petroleum     5541 - Service Stations (with or without ancillary services)
    5542 - Fuel Dispenser, automated