MEPS LAUNCHES THE NATION’S FIRST NON-BANK ATM

MEPS introduces a new wave of ATMs with its tagline, “ATM for All”.

KUALA LUMPUR, 21 October 2013: Malaysian Electronic Payment System Sdn. Bhd. (MEPS) has today unveiled the nation’s first ‘non-bank ATM at The Ritz-Carlton Kuala Lumpur; a new breed of ATMs promising simplicity and security for the convenience of the customers.

The spectacular launch was officiated by the Deputy Governor of Bank Negara Malaysia, Dato’ Muhammad Ibrahim and witnessed by dignitaries from both local and foreign banks, business partners, vendors and members of the media.

“Since its formation in 1996, MEPS has become a significant payment player in the Malaysian financial services sector,” said En. Zulkanain Kassim, Group Managing Director of MEPS. “MEPS has also evolved its role from being a mere ATM switch infrastructure provider to an emerging provider of payment services.”

The MEPS branded ATMs offer a variety of services and focus primarily on providing the convenience of real-time funds transfers. Additionally, customers will also be able to withdraw cash, perform balance enquiries and make payments towards their credit card and loans or financing accounts.

These ATMs are located at strategic and accessible locations such as petrol stations, convenient stores, hypermarkets, malls and office buildings.

With the tagline, ‘ATM for All’, En. Zulkanain said that this initiative is being carried out by MEPS in support of the Government’s Economic Transformation Programme and Bank Negara Malaysia’s aspirations towards a cashless society.

“In the near future, we are looking to include more value-added services such as Dynamic Currency Conversion to cater for tourists visiting Malaysia and cross border remittances,” he added.

To-date, 134 MEPS ATMs have been deployed in Kuala Lumpur, Selangor, Negeri Sembilan, Malacca, Johor, Perak, Kedah, Penang and Perlis. MEPS aims to have a total of 200 ATMs available by end-2013 and 1,580 ATMs within the next five years – an impressive feat for an organization that has been contributing to Malaysia’s financial sector for more than a decade.