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PayNet is a private limited company that provides various payment services and products for Malaysia's financial markets. It operates eSPICK, JomPAY, FPX, DuitNow and DuitNow QR, and is involved in international fast payment linkage projects.
MEPS is an interbank network service provider in Malaysia that merged with MyClear to form PayNet in 2017. PayNet offers various payment services, such as ATM switching, cross-border network, and smart card specification, to participating banks and customers.
The Central Bank of Malaysia (BNM) is the Malaysian central bank that issues currency, acts as the banker and advisor to the government, and regulates the financial system. BNM was established in 1959 and has its headquarters in Kuala Lumpur and branches in six states and three countries.
Many of Malaysia's loans from the World Bank have been concerned with infrastructure development relating to energy security and trade. [3] As such, its first pivotal project was the creation of a hydroelectric power station and dam.
The BIS is an international financial institution owned by central banks and founded in 1930 to foster monetary cooperation and stability. It provides banking services to central banks and other international organizations, and is based in Basel, Switzerland.
Rank Bank name Country Total assets (US$ billion) 1 DBS Bank Singapore 509.1 2 OCBC Bank Singapore 402.2 3 United Overseas Bank Singapore 340.7 4 Maybank Malaysia 213.2 5
Find out the ranking, assets and equity of the top largest banks in Malaysia as of 31 December 2023. UOB Malaysia is the seventh largest bank with total assets of 140.4 billion ringgit and equity of 12.6 billion ringgit.
Plus System is a subsidiary of Visa Inc. that provides cash to Visa cardholders worldwide. It connects over one million ATMs in 170 countries and competes with Cirrus network owned by Mastercard.