Four more major foreign banks join MEPS

Following the announcement of Citibank to join Malaysian Electronic Payment System Sdn Bhd  (MEPS) recently. Four more major foreign banks in Malaysian also voice their intention to join MEPS next year.

There are HSBC Bank Malaysia Bhd, OCBC Bank (Malaysia) Bhd, United Overseas Bank (UOB) (Malaysia) Bhd and Standard Chartered Bank Malaysia Bhd.

Withdrawing money and balance enquiries from automated teller machines (ATM) is going to be easier and convenient to Malaysian and also travelers, especially foreigners who visiting Malaysia.

According to Bernama, currently there are 16 banks in the MEPS shared ATM Network and about 10,000 ATM machines nationwide.