Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 8): ManagePay Systems Bhd has signed a deal for cashless retail payments at rest and service areas, lay-bys and other platforms with PLUS Malaysia Bhd.

In a bourse filing on Wednesday, the end-to-end electronic payment solutions provider said its unit ManagePay Services Sdn Bhd is to provide services relating to software application development, merchant application, systems integration, payment terminals roll-out and Internet Payment Gateway PLUS Group's business partners operating along highways operated by PLUS Group.

It said the deal is for a period of three years with automatic renewals of successive one year periods.

ManagePay said the agreement does not require approval of the shareholders of ManagePay and any relevant regulatory bodies.

At the midday break on Wednesday, ManagePay was unchanged at 18.5 sen, valuing it at RM159.35 million.

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