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Powering e-Payments. We design, build and operate world-class payment systems and financial market infrastructures that safely, reliably and efficiently enable the functioning and development of Malaysia's financial system as well as the economy as a whole.
The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. PayNet is the holding company for PayNet Group which comprises of two subsidiaries namely, Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency Management Sdn Bhd (MCM).
Malaysia's Payment System. Systemically Important Payment System (SIPS) A systemically important payment system or large value payment system (LVPS) typically processes high-value and time-critical payments.
Payments Network Malaysia Sdn Bhd (PayNet) provides secure, reliable and efficient world class payment systems and financial markets infrastructure in Malaysia. PayNet is the holding company for PayNet Group which comprises of two subsidiaries namely, Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency Management Sdn Bhd (MCM).
Mar 20, 2024 · KUALA LUMPUR, March 20 ― Electronic payment (e-payment) adoption among Malaysians continued to increase in 2023 to 11.5 billion transactions compared to 9.5 billion in the previous year, according to Bank Negara Malaysia (BNM)
May 22, 2017 · PayNet is a merger between BNM's wholly-owned unit Malaysian Electronic Clearing Corp Sdn Bhd (MyClear) and Malaysian Electronic Payment System Sdn Bhd (MEPS). It will be jointly owned by BNM and the financial industry.
