Friday 29 Mar 2024
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KUALA LUMPUR (Dec 8): Payment solutions and services provider ManagePay Systems Bhd has signed an agreement with the Great Eastern group to provide electronic payment solutions and services to the insurer.

The value for the services was not disclosed.

In a filing with Bursa Malaysia today, ManagePay said its wholly-owned subsidiary ManagePay Services Sdn Bhd (MPay Services) has signed a merchant agreement with Great Eastern Life Assurance (Malaysia) Bhd and Great Eastern Takaful Bhd for the services.

It added that the duration of the agreement is for a period of three years, with a renewable term of two years.

"The agreement will contribute to revenue and bottom line of the company for the financial year ending Dec 31, 2018," said ManagePay.

ManagePay shares closed up 0.5 sen or 2.5% at 20.5 sen today, with 3.79 million shares done, bringing it a market capitalisation of RM145.65 million.

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