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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.
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.
KUALA LUMPUR: Banks in Malaysia are set to provide at least one Internet banking kiosk at all their branches nationwide to facilitate the public access to online banking and interbank GIRO (IBG) services by March 2014.
Latex bedding producer eyes RM150mil revenue in two years
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.
KUALA LUMPUR: Businesses and the public should adopt electronic payment channels, says the Association of Banks in Malaysia (ABM), which is currently holding a road show with Bank Negara Malaysia and the Association of Islamic Banking Institutions Malaysia.