This article first appeared in The Edge Financial Daily on May 23, 2017 - May 29, 2017

KUALA LUMPUR: CIMB Bank Bhd has emerged as the biggest winner at the recently held Malaysian e-Payments Excellence Awards 2017 (MEAA), after clinching five awards for its contribution to the growth of e-payments in the country.

The five awards it bagged were: Best JomPAY Bank, Best Customer Experience for JomPAY, JomPAY Innovative Award, Best Interbank GIRO (IBG) Bank, and Financial Process Exchange (FPX) Innovative Award.

“CIMB is committed to driving e-payments by providing our customers and the public alternative channels to transact reliably, securely and efficiently at their convenience,” said CIMB group chief executive officer Tengku Datuk Seri Zafrul Aziz on the wins.

“We are focused on migrating more businesses and organisations to e-payments by being the key enabler in Malaysia’s journey to embrace a digital economy,” added Zafrul in a statement yesterday.

The awards it secured reflected CIMB’s efforts to increase JomPAY transaction volume and engagement with clients, said the bank.

“The JomPAY Innovative and FPX Innovative Awards are a result of CIMB’s innovative bundling of JomPAY and FPX with other products and services, including the award-winning CIMB EVA app, to provide a comprehensive suite of Cash Management solutions in meeting the evolving needs of customers,” the statement read.

As for being named Best IBG Bank, it was based on the bank’s significant share of IBG transaction volume, strong year-on-year volume growth and high conversion volume from cheque payments to IBG payment, it added.

The MEAA is organised annually by the Malaysian Electronic Clearing Corp Sdn Bhd, a wholly-owned subsidiary of Bank Negara Malaysia (BNM) that operates Malaysia’s key payment systems and financial market infrastructures.