MPay gets MCMC licence to roll out mobile services

This article first appeared in The Edge Financial Daily, on October 17, 2017.
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KUALA LUMPUR: ManagePay Systems Bhd said its joint venture (JV) company MPay Mobile Sdn Bhd has received the application service provider (ASP) licence from the Malaysian Communications and Multimedia Commission (MCMC).

The licence, which allows MPay Mobile to carry out application services, is valid for a period of one year and is renewable yearly, ManagePay said in a filing with Bursa Malaysia.

“With the ASP licence obtained from MCMC, MPay Mobile has become the latest mobile virtual network operator (MVNO) in Malaysia supporting a wide spectrum of services to the public nationwide, including the latest high-speed broadband 4G network,” said ManagePay.

The company will work with Enabling Asia Tech Sdn Bhd to set up the network platform connectivity, customer provisioning and billing, product offering and packaging configuration and MCMC regulatory and connectivity services.

“Enabling Asia is a mobile virtual network aggregator, who has a wholesale MVNO agreement with one of four network operators in Malaysia, offering a complete network product and services to MVNOs,” said ManagePay.

MPay Mobile plans to launch the MVNO eMoney mobile package before year end. The mobile package will provide a secure MPay eMoney banking account access and MPay MasterCard Prepaid Card payment capability.

“The aim is to bring more convenience and accessibility for customers who are located at remote areas with difficulty to access to bank branches, or who intended to move away from traditional banking at branches towards online and mobile banking,” said ManagePay.

ManagePay acquired the approval to operate as a moneylender as recently as in May. In August, the company set up another JV with Contracts Rise Sdn Bhd to procure a MVNO licence from the MCMC, in order to launch its self-branded MVNO starter pack in the country.

ManagePay’s share price closed unchanged at 25 sen yesterday, with 1.79 million shares traded, giving it a market capitalisation of RM177.62 million.