You have searched for "IBG"
Showing 51-60 of 63
PETALING JAYA: With online inter-bank transaction fee slashed to 10 sen from RM2, banks are seeing increased activity on their online banking sites.
Banks will impose a cheque processing fee of 50 sen on the issuer of the cheque with effect from April 1, 2014 as Bank Negara Malaysia (BNM) sets a new pricing strategy to promote greater efficiency.
MAYBANK TreatsFair, the nation’s largest one-stop instant redemption event for cardmembers generated sales of over RM20mil during the four-day event held recently at Mid Valley Exhibition Centre, Kuala Lumpur.
BANK Negara, via its subsidiary Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear), has continued its initiatives to improve and enhance the capability of the Real-time Electronic Transfer of Funds and Securities System (Rentas) in supporting cross-border payments and settlements.
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.
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.
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.