ManagePay Systems gets BNM approval to issue electronic money


KUALA LUMPUR: Managepay Systems Bhd has received the letter of approval from Bank Negara Malaysia to issue electronic money (e-money) via the proposed online wallet (MPAY Balance) and prepaid card (MPAY MasterCard). 

The MPAY Balance and MPAY MasterCard comes with a respective wallet limit of RM10,000 per account holder, it said in filing to Bursa Malaysia on Tuesday.

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