MEPS provides the Shared ATM Network switch which enable bank customers to conveniently access their funds anywhere from any of the participating banks’ ATMs. Gone were the days when ATM is only for cash withdrawal or balance inquiry. Today, there are many interbank facilities being offered to bank customers.
MEPS initiated cross-border ATM links to several countries in the region namely Indonesia’s PT Artajasa Pembayaran Elektronis (ARTAJASA) and PT Rintis Sejahtera (Rintis), Singapore’s National Electronic Transfer Pte Ltd. (NETS), Thailand’s National ITMX, Vietnam’s Vietnam National Financial Switching Joint-Stock Company (Banknetvn), China’s China UnionPay and South Korea’s Korea Financial Telecommunications & Clearings Institute (KFTC). This service offers participating banks’ customers the convenience of making cash withdrawals via ATM in the said countries.
Interbank ATM Funds Transfer allows bank customers to transfer funds from one account to another account in another bank real-time and online. The advantages for IBFT are:
This service facilitates real-time interbank repayment of credit card and loan / financing. Now, bank customers can pay their credit card or loan / financing through the ATM of another bank that is part of the network. This hassle-free service provides flexibility for customers to fulfil their monthly commitments.
Interbank Mobile Prepaid Top-Up offers more convenience and hassle-free for mobile phone subscribers to top-up their credit or airtime through the ATM. At the moment, this service is only available for Maxis’ Hotlink, Celcom’s Xpax and DiGi Prepaid subscribers.