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Online interbank business upswing
THE online interbank business has been gaining popularity over the last few years as more consumers are now turning to the Internet to make payments electronically. With higher volume of online interbank transactions, banks have been enjoying good income from this channel and are upbeat about its growth potential amid the weak economy.
New business model to drive INS
INS Bioscience Bhd expects its new business model to drive future growth and set the company back on profitability this year.
MEPS upbeat on Inter-bank Giro transactions
THE volume of Inter-bank Giro (IBG) transactions, which has been growing at a compounded growth rate of 120% in the past four years, is expected to maintain double-digit growth this year, said Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) managing director Datuk Mohd Hata Robani.
MEPS to introduce funds transfer service to Indonesia
AFTER successfully implementing cross-border ATM cash withdrawals in Malaysia and Indonesia, Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) is now looking at introducing fund transfer services between the two countries, either by the end of the year or some time in 2006.
MEPS, phone banking to boost OCBC
OCBC Bank (M) Bhd, which recently launched its MEPS Interbank Giro (MEPS IBG) network and phone banking services, is confident these services will help grow its business significantly over the next few years, senior vice-president and head of consumer financial services, C.K. Oon, said.
OCBC Bank joins MEPS Interbank Giro network
OCBC Bank (Malaysia) Bhd has announced its participation in the MEPS Interbank Giro (MEPS IBG) network.
