GHL Systems confident will secure at least one big TPA deal this year

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KUALA LUMPUR (Oct 15):  Electronic payment solutions provider GHL Systems Bhd is confident of securing at least one big transaction payment acquisition (TPA) deal this year.

“We are confident of securing at least one big TPA deal this year, which will contribute to our recurring income base,” GHL Executive Vice Chairman Simon Loh told reporters after the group’s extraordinary general meeting today.

Loh said the deal would involve a partnership with an entity that is “related to the government”, and it is not a bank.

The deal, he added, would provide a recurring income base for GHL for many years to come.

Loh declined to elaborate on the deal, saying an announcement would be made in due course.