Four banks to join MEPS

Four major foreign banks will sign agreements with Malaysian Electronic Payment System next year. These are the HSBC Bank Malaysia, OCBC Bank, United Overseas Bank and Standard Chartered Bank Malaysia.

 
The deal would link the banks to the MEPS service, allowing them to provide their customers with the convenience of making interbank cash withdrawals and balance enquiries at more than 10,000 automated teller machines nationwide.

"The joint effort to link up with the MEPS Shared ATM Network is developed in line with the banks' aim to provide best-in-class service to our customers and to enhance customer satisfaction," according to a joint statement from the banks.

The four banks will launch the service individually over time as soon as their respective systems are fully operational.

To date, there are 16 banks in the MEPS Shared ATM Network.