MAS Electronic Payment System
From HandWiki
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore.[1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
As of 9 December 2006, the system was upgraded to MEPS+, which includes improved features such as the use of SWIFT message formats and network and automated gridlock detection and resolution.[2]
See also
- Banking in Singapore
References
- ↑ "MAS Electronic Payment System (MEPS+)". http://www.mas.gov.sg/singapore-financial-centre/payment-and-settlement-systems/clearing-and-settlement-systems/meps.aspx. Retrieved 24 February 2016.
- ↑ "Payment, clearing and settlement systems in Singapore". 2011. p. 17. http://www.bis.org/cpmi/publ/d97_sg.pdf. Retrieved 24 February 2016.
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