Postal Services Act 2012 · Updated to 1 May 2020 · Part VII · Other Services
34. Postal financial services
Feedback & supportA universal service licensee may carry on postal financial services activities and may act as a payment and collection agent for any third party on a commercial basis.
universal service
“universal service” means postal services, which include basic postal services determined by the Commission to be provided to consumers throughout Malaysia, at the prescribed rates;
The Minister may, by rules published in the Gazette, prescribe the scope of and fee for postal financial services.
Minister
“Minister” means the Minister charged with the responsibility for the postal services industry;
For the purpose of this Act, “postal financial services” means a range of postal financial services to be provided by a universal service licensee including money order, postal order, postal draft, postal cheque and postal travellers’ cheque.