MPay in partnership to launch prepaid MasterCard, e-wallet

MPay in partnership to launch prepaid MasterCard, e-wallet
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KUALA LUMPUR (Aug 3): Managepay Systems Bhd (MPay) has entered into a partnership for the issuance of MPAY PanPay MasterCard Prepaid Card, MPAY Smartlink Wallet and MPAY Smartlink Online Wallet.

The partners are app creator Smartlink Asia Bhd, fintech outfit Richwood Ventures Bhd, direct selling outfit Panpay Holdings Sdn Bhd, and e-commerce outfit QMIS Richwood Blacktech Sdn Bhd (collectively referred to as Smartlink), MPay said in a filing today.

Under the agreement, Smartlink will promote the products, while MPay will provide expertise and interface to the system for management of the products.

“The parties shall endeavour to make MPAY Smartlink Online Wallet and MPAY Panpay (QMIS Richwood Blacktech) MasterCard Prepaid Card available to merchants’ outlets, as well as all MasterCard’s outlets throughout the world,” said MPay.

Shares of MPay traded unchanged at 24 sen today, valuing the group at RM201.93 million.

 

S Kanagaraju