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Just over 20 years ago, Phnom Penh, capital of Cambodia, was a city on its knees. It housed a mere 50,000 souls, mostly rampaging Khmer Rouge. Its finest public buildings, hotels, embassies and office blocks were either occupied by soldiers, their prisoners or by nobody at all.
The deadline for migration to chip cards is just about two months away and yet only about a tenth of the automated teller machine (ATM) card base has been converted. In QA Datuk Mohd Hata Robant, MD Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) responds to come queries.
OVER 200,000 chip-based Bankcards have been issued as at December 2002 and more will be issued this year as banks progressively replace their magnetic stripe ATM cards to increase security and better protect consumers' interests. Meanwhile, more than 4,000 ATMs have also been upgraded to accept the new cards.