KUALA LUMPUR (Aug 20): Fintech company ManagePay Systems Bhd (MPay) has inked a deal with supermarket chain Hero Market to enable the latter's retail assets in Malaysia with e-wallet cashless payment capabilities.
Hero Market operates 24 supermarkets in Klang Valley, 3 supermarkets in Johor and 1 supermarket in Penang.
In a filing with the bourse yesterday, MPay said the move was in the spirit of embracing the rising digital economy environment.
It said the collaboration would see Hero Market outlets in Malaysia offering multiple card and e-wallet Payment Acceptance including Mastercard, Visa, MyDebit, BOOST, Touch n’ Go e-wallet, GrabPay, and more to their customers.
“With the growing demand for better digital payment solutions across the country, we are excited to offer an improved and more seamless shopping experience to Hero Market’s customer base” said
MPay’s founder and Managing Director Datuk Chew Chee Seng.
MPay was last traded at 16.5 sen, giving it a market capitalisation of RM117.23 million.