Bank Rakyat first to deploy Neurogine n2Tap

KUALA LUMPUR, Malaysia - July 10, 2025 - PRLog -- Neurogine Sdn Bhd, a Malaysian innovator in financial payment solutions, announces its flagship product, Neurogine n2Tap, has been adopted by Bank Kerjasama Rakyat Malaysia Berhad as part of the Bank's i-MerchantRAKYAT initiative, to revolutionise the way Micro, Small and Medium-sized Enterprises (MSMEs) in Malaysia conduct business by enabling them to accept cashless and contactless payments using smartphones.

According Neurogine CEO Owen Chen Chee Onn, "We are thrilled to collaborate with Bank Rakyat, the first in Malaysia to leverage Neurogine n2Tap. By empowering MSMEs with the power of mobile cashless and contactless payments, we are contributing towards accelerating the digital transformation of Malaysia's economy and fostering financial inclusion."

Chen said Neurogine n2Tap, especially with its Near Field Communication (NFC) features, would enable Bank Rakyat expand their position as the preferred financial institution to focus and serve the 1.101 million micro merchants in the country, assisting them to transition into larger enterprises. "The successful integration of Neurogine n2Tap as part of Bank Rakyat's i-MerchantRAKYAT app means MSMEs supported by Bank Rakyat with the i-MerchantRAKYAT app can accept cashless and contactless NFC payments from cardholders of the bank's MasterCard and MyDebit."

"We are committed to support MSMEs in their journey towards digitalisation," said Bank Rakyat CEO Ahmad Shahril Mohd Shariff. "By integrating Neurogine n2Tap and its features into our platform, we are providing MSMEs with a convenient and cost-effective solution to accept digital payments and boost their competitiveness by reaching a wider customer base," he said. "This emphasis is reflected in our unwavering support for MSMEs. For instance, we have disbursed micro financing totaling more than RM100 million to help 3,988 entrepreneurs and MSMEs in 2023 and 2024 to expand their business."

He said i-MerchantRAKYAT app is part of Bank Rakyat's broader strategy to support MSMEs by enabling them to effortlessly accept payments using the convenient DuitNow QR system and NFC, while seamlessly track sales and efficiently managing outlets and cashiers.
Integrating Neurogine n2Tap as part of i-MerchantRAKYAT app transforms NFC-enabled smartphones into versatile payment terminals, eliminating the need for bulky traditional Point-Of-Sale (POS) devices.

Neurogine n2Tap is the first Malaysian mobile payment technology with two mobile payment security standard certifications from Payment Card Industry Security Standards Council (PCI SSC) which is PCI Mobile Payments on Commercial Off-The-Shelf (COTS) or PCI MPoC Software and PCI MPoC Solution.

Visit http://www.bankrakyat.com.my or http://www.neurogine.com for more information.