MEPS+

Malaysia Electronic Payment System

MEPS+ is Malaysia's real-time gross settlement system for high-value interbank payments. It enables immediate settlement of large-value transfers between participating banks.

The system settles in central bank money and is used for time-critical corporate and financial market payments. It forms part of Malaysia's national payments infrastructure.

Related Terms

RTGS

Real-Time Gross Settlement

RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...

Wire Transfer

A wire transfer is an electronic transfer of funds between banks or financial institutions. Wire tra...

FAST

Fast and Secure Transfers

FAST is Singapore's instant bank transfer service for SGD payments. It enables immediate, 24/7 trans...

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