Indonesia, Malaysia intro cross-border ATM network

Indonesia, Malaysia intro cross-border ATM network
Tags: Bank / Credit Union, EFT Networks
February 17, 2005

Xinhua Online: Against a backdrop of an increasing number of Indonesian workers in Malaysia, in addition to tourists and students, a joint ATM network between the two nations has been launched.

The service would be provided through banks in the two countries through membership with electronic payment service provider PT Artajasa Pembayaran Elektronis (Artajasa) from Indonesia and its counterpart, the Malaysian Electronic Payment System (MEPS).

Mohamad Ishak, Bank Indonesia's director for accounting and payment systems, said during the Feb. 17 launching ceremony that the deal was part of the central bank's larger plans for establishing cross-border payment systems within the region.