MPay upbeat on its new payment solution

This device is going to change the payment system in Malaysia to Chip & Pin, from Chip & Sign. Bank Negara aims to centralise all current cardholder verification methods to Chip & Pin, from Chip & Sign previously by Jan 1, 2017. Picture shows Managepay services Sdn Bhd general manager Ong Kooi Hooi (left) and Ng at the launch of the new products yesterday. - Ibrahim Mohtar/The Star

KUALA LUMPUR: Managepay Systems Bhd (MPay) is looking to capture 10% to 15% of the 1.2 million card acceptance devices to be installed over the next five years, with its new Chip & Pin technology solution, making it the first MyClear certified contact and contactless chip & pin card host and terminal solution to be launched in Malaysia.

MyClear, which builds and operates payment systems and financial market infrastructure, is a wholly-owned subsidiary of Bank Negara.