AIBIM lauds JomPAY initiative

KUALA LUMPUR: The Association of Islamic Banking Institutions Malaysia (AIBIM) welcomes JomPAY platform launched by MyClear.

Its president, Datuk Mohd Redza Shah, in expressing the association’s support towards the initiative, said the migration will create a much efficient bill payment channel.

“It also a significant step in promoting the usage of e-payment, in line with Bank Negara Malaysia’s (BNM) financial sector blueprint,” he said in a statement.

He said 11 AIMBIM members bank already confirmed as participants and more banks will be joining soon.

AIBIM was established in 1995 as the Association of Interest Free Banking Institutions Malaysia, with the objectives of promoting the establishment of a sound Islamic banking systems and practices. It also aims at promoting and representing the interests of its 25 member banks and to render where possible such advice or assistance as may be deemed necessary and expedient to members.

Source : NST Online / 10 April 2015