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Breakfast briefing: Tuesday, May 23 (Update)

Breakfast briefing: Tuesday, May 23

MyClear, MEPS merge to form PayNet

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) wholly-owned subsidiary, Malaysian Electronic Clearing Corp Sdn Bhd (MyClear), has merged with Malaysian Electronic Payment System (MEPS) to form Payments Network Malaysia Sdn Bhd (PayNet).

AmBank Islamic-IWK deal to boost JomPay transactions

KUALA LUMPUR: AmBank Islamic Bhd expects its transaction volume via JomPay to increase four-fold in the next three to six months through its partnership with Indah Water Consortium (IWK).

GHL: Focus on fundamentals, not hype

Payment service provider GHL Systems Bhd will continue to build on last year’s improved financial performance and focus on executing its existing plans this year despite an existing takeover exercise for the company as well as the hype over a deal with China’s Alipay.

CIMB Islamic partners Sabah local authorities in JomPAY

PETALING JAYA: CIMB Islamic Bank Bhd has teamed up with Sabah local authorities to offer the JomPAY electronic payment that will be used for the payment of assessment fees.

CIMB Bank wins 5 awards

KUALA LUMPUR: CIMB Bank Bhd garnered five awards at the Malaysian e-Payments Excellence Awards (MEEA), an event that recognises contributions made by the business community in accelerating the development of electronic payments in Malaysia.

Bank Negara unit MyClear to set up new retail payment platform

KUALA LUMPUR: The Malaysian Electronic Clearing Corp Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (BNM), is developing a new real-time retail payments platform to serve both as a catalyst and enabler for innovative payments in Malaysia.

New milestone for Cagamas, makes debut in international bond market

KUALA LUMPUR: Cagamas Bhd, through its wholly-owned subsidiary, Cagamas Global Plc, yesterday made its debut in the international bond market by successfully printing the first and largest Chinese yuan bond by a Malaysian issuer with a three-year 1.5 billion yuan offering at a fixed coupon rate of 3.7% per annum.

Mobile banking services coming up

KUALA LUMPUR: Malaysian Electronic Clearing Corp Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara, has teamed up with three banks and is working with another three this year to offer mobile banking services.

RM26m lost in China ops sees GHL Systems seeking opportunities in Asean market

KUALA LUMPUR: GHL Systems Bhd, an end-to-end payment services enabler, would focus on Asean after irregular transactions in the China operations led to substantial losses last year.