1. What is a Payment Warrant?

• A Payment Warrant is a written instruction from the sender to authorize a payment service provider, such as MoneyMatch Sdn Bhd, to make a payment on their behalf to a specific recipient.

2. When is a Payment Warrant Required?

• Business-to-Business (B2B) Transactions
  A Payment Warrant is required for all transactions sent to business beneficiaries involving AED  (United Arab Emirates Dirham) transfers to the United Arab Emirates (UAE) only. 
  
  
•  Beneficiary Bank Request
  Certain beneficiary banks may request a Payment Warrant to release funds for transactions in any currency, but only when necessary.

3. Why is a Payment Warrant Required?

• Payment Warrants are essential for International Transfers as they enhance security and help prevent fraud. Some processing banks require these warrants to verify the identities of the sender, payment service provider, and recipient. This ensures the legitimacy of the transaction and protects against fraudulent activity.

4. How Can I Obtain This Document? 

• The Payment Warrant will be available in PULSE once you have submitted and deposited the order.

  Here is a quick guide for you:

  1. Click on "Activities".

  2. Select "Transfer History".

  3. Click on the ">" icon to view the Download Payment Warrant option.

  4. Select "Download Payment Warrant".
  
  

  5. Please ensure the required letterhead, details are completed, and don’t forget to sign and apply your company stamp.

  6. Once finalized, submit it to the respective WhatsApp group to notify your account manager for further clearance.