Meps plans to install another 300 ATMs in 2014

  • Banking
  • Friday, 20 Dec 2013

KUALA LUMPUR: Malaysian Electronic Payment System (MEPS) plans to install 300 Automated Teller Machines (ATMs) next year, bringing the total to 500 MEPs ATMs by the end of 2014.

The Interbank network service provider successfully deployed its 200th unit at a Petronas station along Persiaran Zaaba, Taman Tun Dr Ismail, thus meeting the company's target for the year.

Group Managing Director Zulkanain Kassim said the new breed of ATMs offered more than cash withdrawals and balance inquiry. 

"It provides real-time interbank funds transfer, credit card and loan repayment, which are in-line with the government's Economic Transformation Programme and support towards Bank Negara Malaysia's e-payment agenda," he said in a statement.

Malaysia's first non-bank ATM, deployed earlier this year, was officially launched by Deputy Governor of Bank Negara Malaysia Datuk Muhammad Ibrahim on Oct 21, 2013. 

It is currently serving the states of Johor, Kedah, Malacca, Negeri Sembilan, Penang, Perak, Perlis, Selangor and the Federal Territory. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

MEPS , ATM , banking


Next In Business News

US consumer prices increased in March by most since 2012
Genting prices US$1bil senior unsecured notes
IMF offers rosier view on Asia, warns of Fed fallout on markets
MMHE bags SapuraOMV Jerun contract�
BIMB raises RM795.6mil via private placement
Grab agrees world's biggest SPAC merger, valued at US$40bil
Bank Negara adds two companies to money services business alert list
Top Glove’s billionaire founder buys stake in education firm
FBM KLCI breaks below 1,600-mark
Bitcoin hits record high of US$62,575

Stories You'll Enjoy