MEPS establishes ceiling of 50 sen for funds transfer


KUALA LUMPUR: Malaysian Electronic Payment System Sdn Bhd (MEPS), an interbank network provider, today set the ceiling for its real-time Interbank Funds Transfer (IBFT) service fee at 50 sen.

It is a reduction of 50% to 88% from the current fee range of between RM1 to RM4.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

PJBumi forms JV with Chinese firm for oilfield equipment production
Malaysia-born billionaire investor Cheah Cheng Hye puts quarter of wealth in gold
Rianlon’s RM1.27bil project boosts Johor’s high-value manufacturing push
Opensys wins RM22mil cash recycling machines supply contract
Reservoir Link secures its first CCS solutions contract
PETRONAS appoints Mohd Jukris as COO effective Feb 1, 2026
FBM KLCI ends flat ahead of Bank Negara policy meeting
Oil down as easing Iran unrest dampens geopolitical risk premium
CIMB boosts customer protection with new biometric authentication in Octo App
IJM tumbles 5%, short selling suspended amid MACC probe

Others Also Read