GHL, Managepay on steady rise after Bank Negara move

Customers using payment cards at a KFC restaurant. Year to date, GHL Systems is up 68% to RM1.20, while Mpay is up 55.81% at its current price of 33.5 sen.

Since Bank Negara announced its Payment Card Reform Framework early this year, there has been obvious traction and new developments in the payment industry.

This is evident in the share price performance of GHL Systems Bhd and Managepay Systems Bhd (Mpay), the two direct beneficiaries of Bank Negara’s measures.