Areas of
Business
Discover the wide range of business and financial services available in Labuan IBFC
Credit Token Business
A credit token business is defined as any business where a token, being a cheque, card, voucher, stamp, booklet, coupon, form or other document or thing is given or issued to a person (referred to as "customer") by the person carrying on the business (referred to as "issuer"), whereby such issuer undertakes that:
  1. on the production of the token, whether or not some other action is also required, the issuer will supply cash, goods or services on credit; or 
  2. where, on the production of the token to a third party, whether or not any other action is also required, the third party supplies cash, goods or services, the issuer will pay the third party for them, whether or not deducting any discount or commission, in return for payment to be made thereafter to the issuer by the customer. 

And for the purposes of this definition, the use of a token to operate a machine provided by the issuer or by a third party shall be regarded as the production of the token to the person providing the machine.
Fees
Type of Fees
Amount
Annual Fee
RM40,000
USD13,000

List of Credit Token Companies
  1. CARDPAY ASIA INC

List of Credit Token Business

list of credit token business as at 11 may 2017

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