Kuala Lumpur, July 4, 2005 – Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS) and PT Artajasa Pembayaran Elektronis (Artajasa) have successfully established a regional link to facilitate cross border ATM cash withdrawals in Malaysia and Indonesia.

The regional link allows customers of MEPS member banks to withdraw cash, in Indonesian Rupiah, using their ATM cards (also known as the Bankcard) at over 5,200 Artajasa member banks. Likewise, customers of Artajasa member banks can withdraw cash in Ringgit Malaysia at over 4,500 ATMs in MEPS Shared ATM Network in Malaysia.

According to MEPS Managing Director, Dato’ Mohd Hata Robani, this is a significant milestone for MEPS and Artajasa as well as the financial industry of both countries.

“This regional link is a major step towards MEPS’ vision of a future where people will be able to make ATM related transactions conveniently regardless of where they are. It is also part of our business direction of taking our payments facility international.

“We are confident that travelers from both countries will embrace this new ATM regional link service; not only for its convenience but also for its security,” said Dato’ Mohd Hata.

There are over 700,000 Malaysians and two million Indonesians who regularly travel between these countries. In the first phase of the regional link initiative, customers of Maybank can make ATM cash withdrawals at ATMs of Indonesia’s Bank Syariah Mandiri and Nilai Inti Sari Penyimpan Bank. By end 2005, seven more Malaysian local banks are expected to offer this regional link service to their customers. The maximum withdrawal per day and transaction fee is determined by the respective issuing banks.

MEPS’ second phase of this initiative will be to enhance the service to include cross-border transfer of funds through the ATM.

Malaysian Electronic Payment System (1997) Sdn. Bhd (MEPS) is a corporation wholly owned by the local financial institutions and provides shared banking service for ATM network, inter-bank GIRO, e-commerce gateway and electronic cash payments such as MEPS CASH and e-Debit.