Photo - Zulkanain Kassim, Group Managing Director, MEPS
According to the Malaysian Electronic Payment System, Malaysia's first virtual ATM simulator has been introduced to help increase the adoption of electronic money transfers, it said.
MEPS group managing director Zulkanain Kassim said The Simulator "mimics the exact transaction processes of a MEPS ATM by allowing users to assimilate performing Interbank Funds transfers, credit card payments, loan / financing repayments and the usual cash withdrawals and balance inquiry transactions conveniently and quickly."
"Apart from cash withdrawals, most users today may not appreciate or are afraid to perform money transfers or make repayments via an ATM," said Zulkanain. "Use it today, and it may save you a trip or two the next time you need to make a payment. You will be pleasantly surprised at how simple and convenient MEPS ATMs are."
He said that in addition to The Simulator, MEPS has also made it easier for users to find its MEPS ATMs via its website (mepsatm.com.my). "Soon, MEPS ATMs will be available to the public on Google Maps and Waze."
"To date, over 300 MEPS ATMs are located in West Peninsular Malaysia," said Zulkanain. "More are expected to be deployed towards East Peninsular later this year, bringing the total to 500 MEPS ATMs by year. MEPS services can also be accessed at more than 12,000 ATMs of participating banks spread across the country."
The Malaysian Electronic Payment System (MEPS) is the only interbank network service provider in Malaysia that supports domestic, development, Islamic and foreign banks. Since its inception in 1996, MEPS has been an integral part of the Malaysian financial sector.