KUALA LUMPUR (July 19): Green Packet Bhd is collaborating with Bank Islam Malaysia Bhd to provide electronic wallet services.
In a filing with Bursa Malaysia, Green Packet said its wholly-owned subsidiary KiplePay Sdn Bhd has signed a memorandum of understanding (MoU) with Bank Islam yesterday.
The MoU will be effective for two years from the signing date.
Incorporated on April 8, 2000, under the Companies Act 2016, KiplePay is an e-money issuer approved by Bank Negara Malaysia.
Green Packet's share price closed 1.5 sen or 3.37% higher at 46 sen, giving it a market capitalisation of RM414.1 million. The counter saw some 54.2 million shares traded, making it the seventh most active counter on Bursa today.