MPay forms tie-up to operate digital banking

In a filing with Bursa Malaysia, MPay said its subsidiary ManagePay Services Sdn Bhd has entered into a joint venture with PVC to set up a company that would be applying for the digital bank from Bank Negara.

PETALING JAYA: Managepay Systems Bhd (MPay) is teaming up with Singapore-based Passion Venture Capital Pte Ltd (PVC) to apply for licence and operate digital banking in Malaysia.

In a filing with Bursa Malaysia, MPay said its subsidiary ManagePay Services Sdn Bhd has entered into a joint venture with PVC to set up a company that would be applying for the digital bank from Bank Negara.