Our Multi-year partner

Malaysian Electronic Payment System Sdn Bhd (MEPS)


Malaysian Electronic Payment System Sdn Bhd (MEPS), incorporated in 1996, is a payment consortium owned equally by 11 local banks. It functions primarily as the electronic payment infrastructure arm and technology partner for the Malaysian financial services industry, with role encompassing:-

• Development and implementation of payment services
• Provision and management of shared infrastructure for participating financial institutions
• Governance of adherence to relevant standards
• Development of technical standards and specifications for the domestic ATM and Debit chip card
• Certification of domestic ATM and Debit chip cards and personalization centers.

MEPS provides following services through its network to participating banks:

Nationwide Shared ATM Network An interbank switching infrastructure network for routine banking transactions, includes funds transfer, credit card and loan repayment, account balance inquiry, mobile prepaid and Touch n’ Go top-up.

Cross-Border InitiativeA cross-border ATM network with 6 countries; providing inter-country cash withdrawal services, to be expanded to include inter-country funds transfer and balance enquiry.

Regional Switching for Financial InstitutionsProvision of ATM switching services for member banks amongst their regional branches.

MEPS ATM – Deployment of white-label ATMs, owned and managed by MEPS, offering services ranging from domestic and cross-border cash withdrawal, domestic balance enquiry and funds transfer. Cardholders of participating banks in Malaysia have access to these ATMs while cash advance facilities for MasterCard and Visa cardholders would be enabled soon.

Payment Multi-Purpose Card Specification (PMPC) – A proprietary ATM and Debit chip-card standard, developed by MEPS. MEPS is the central coordinating body for national implementation of the PMPC and responsible for developing PMPC chip card specification, technical standards, technical integration, support and coordination. MEPS is currently upgrading the PMPC standard to become EMV compliant and renamed as Malaysian Chip Card Specification (MCCS).