Annual Report 2001/2002

MAS Electronic Payment System

On 13 July 1998, MAS launched its Electronic Payment System (MEPS) - a real-time gross settlement system for Singapore dollar high value interbank fund transfer and the delivery-versus-payment settlement of scripless SGS. As at 31 December 2001, there were 129 banks participating in MEPS, of which 85 banks were direct participants. In 2001, the volume of MEPS transactions increased by 8.2% to 2.1 million. In the same year, the value of MEPS transactions cleared was $11.6 trillion, 20.6% higher than 2000.

MEPS Volume and Value Chart

[Consumer Credit Bureau] [Reducing Foreign Exchange Settlement Risks] [Automated Teller Machines] [MAS Electronic Payment System] [Interbank GIRO] [Cheques] [Electronic Fund Transfer] [Multi-purpose Stored Value Card]

[Regulatory Initiatives] [Developmental Initiatives] [Market Infrastructure]

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