Our tagline describes best what we are committed in. We propagate  the idea of ‘cashless society’, with cyber security as priority No.1.


KOMEPS FinTech began as KOMEPS FinTech PLT (LLP0009526-LGN), a Limited Liability Partnership (LLP) company registered in Malaysia since 2016. As part of strategic corporate planning, KOMEPS FinTech SDN. BHD. was established in 2018. The company hails proudly at past achievements of the company’s leadership.

One of KOMEPS’ directors was an official consultant to Gemalto, providing secure transaction advisory and market intelligence inputs. The public listed company he founded successfully supplied a quantum amount of 50 million Gemalto smart cards to the Malaysian banks. Gemalto is a global digital security company with powerful clients such as Mastercard Inc. (Mastercard), Visa Inc. (Visa) and China UnionPay Co. Ltd. Two other directors of KOMEPS are experienced in designing, marketing and implementing Prepaid Mastercard program intended for the Asian markets.

Under the auspices of the economic bloc D-8 Organization for Economic Cooperation (D-8), KOMEPS is undertaking a massive project entitled; ‘D-8P Card: Pioneering Intra-Developing-8 Countries Global Payment System And Network’. The project entails enactment of a global FinTech platform alongside collaboration with National Switching & Payment System Companies of D-8 Member States, and beyond.

Management & Operation

Khairrazi Aziz

Director & Chief Financial Officer
R. Yaakub

Director & Chief Technology Officer
Hasan Suyut

Director, Special Projects
Wan Azhar

Manager & Senior IT Specialist
H. Hashim

IT Specialist & Full Stack Developer

Board of Directors

CEO & MD | Mohd Sorihan
ED, Operations | Ahmad Hannan
ED, R&D | Abdul Wahid Abu

We synergize and are involved in a wide array of modules within the payments and banking ecosystem. We do Research and Development (R&D) works, system harmonization as well as global networking. The modules that we exploit and deploy include;

Switching (cross-border and domestic authorization, clearing and settlement), Cybersecurity, EFTPOS (Electronic Funds Transfer at Point of Sale), Retail Management Software, Smart card (contact and contactless), Core Banking System, Mobile NFC Payment, Central Bank Digital Currency (CBDC), Ar-Rahnu Islamic Gold Pawnbroking and Precious Metal Minting.

Global Inter-governmental Project

with the D-8 Organization for

Economic Cooperation

logo d-8

We collaborate with the D-8 Organization for Economic Cooperation to erect an intra-D-8 member countries global payment system and network. The D-8 Organization consists of Malaysia, Indonesia, Bangladesh, Pakistan, Iran, Turkey, Egypt and Nigeria, that commands 1/7 of the world’s population and 9% of the world’s GDP.

Modules that we exploit and deploy.

We collaborate with D-8 Organization for Economic Cooperation to establish an intra-member countries switching platform. The platform is in accordance with ISO 20022 for Real-time Gross Settlement System (RTGS), and ISO 8583 for card switching.

We issue D-8P Card to D-8 member countries’ citizens. It is a universal payment card connected to D-8’s programs in the fields of health, immigration Visa and citizenship identity with co-brand functionality with existing bank cards.

We are preparing for CBDC harmonization plan with regards to the possible implementation of Sweden’s e-krona by the Sveriges Riksbank, with the rest of D-8 member countries. Sweden’s e-krona is inclined towards centralized ledger.

We use Gemalto’s Hardware Security Module (HSM) solution, as well as its mobile banking digital security suites. Gemalto N.V. is a trusted service provider to Mastercard, Visa, China UnionPay, Standard Chartered and more.

We develop a Core Banking System with accessibility via personal computer and mobile phone. Generally understood as e-wallet that contains e-money, we are in a process of acquiring e-money issuer licences across D-8 member countries.

We link our Core Banking System with Ar-Rahnu operators’ back-end, for smooth liquidity of gold and silver and capturing supply and demand data intended to present a justified pricing. We are also experienced in Ar-Rahnu commissioning.

Our EFTPOS is ready to provide an open loop connectivity with current POS terminals existing in the market, via specification compliance. Over-the-air (OTA) updates are made possible for both read and write function on inserted smart card.

We are involved in experimenting with NFC capability of smartphones while addressing its EMV compliance aspect in initiating mobile contactless payment. We capitalize on Host Card Emulator (HCE) and tokenization that comes with it.

We develop our own Retail Management Software to run on an Android-based mobile POS. It is one of the core enablers for merchants to accept our payment system, and it is equipped with data analytics functionality.

As we serve the gold and silver demand and supply on the part of our account holders, a safer position would be for ourselves to mint the demanded precious metal coins and bars. We collaborate with established essayers throughout D-8 member countries.

Contact Us

Tel: + 6 010 227 8920   |   Email: hannan@komeps.com

City Office: Suite 1, 19th Floor, Tower 2, UTM Residensi, UTMKL, Jalan Maktab, 54100 Kuala Lumpur

R&D Centre & Minting: 3-06-03, Tool & Die Design Lab 1, German Malaysian Institute (GMI), Jalan Ilmiah, Taman Universiti, Kajang, Selangor, Malaysia

Mailing Address: 3 Lorong Perusahaan 1A, Kawasan Industri PKNS, 45000 Kuala Selangor, Selangor, Malaysia

Copyright © 2016-2020 KOMEPS FinTech SDN. BHD. All rights reserved.