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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) .
The Touch 'n Go eWallet app also provides features such as utility bills payment from telecommunications companies like Unifi, Maxis, and Digi; loan repayments for courts, MBSJ payments and PTPTN; car parking payment; [34] P2P transfer; [35] mobile prepaid top-up; airline ticket bookings; [36] and movie tickets from TGV Cinemas. [37]
The Financial Services Act 2013 (Malay: Akta Perkhidmatan Kewangan 2013), is a Malaysian laws which enacted to provide for the regulation and supervision of financial institutions, payment systems and other relevant entities and the oversight of the money market and foreign exchange market to promote financial stability and for related, consequential or incidental matters.
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
“The best bank accounts for autopay are those with two features: free online bill pay and no overdraft charges — or at least the ability to disallow you to pay more than you have in your ...
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]
Be careful when setting up autopay for variable payments, such as credit card bills, if you may not always have enough money in that bank account to pay the full bill.