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CITIGROUP Malaysia, via its electronic payment (e-payment) system CitiConnect, and with the Financial Process Exchange (FPX) infrastructure as its conduit, will become the first financial services group in Malaysia to offer account holders of other banks a facility to manage their e-payments online.
Malaysians will be able to access their funds via the MEPS automated teller machines (ATM) while in Singapore or Thailand by the first quarter of next year, said Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) managing director Datuk Mohd Hata Robani.
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.