ManagePay bids for digital banking licence


In a statement to Bursa Malaysia, MPay said its unit ManagePay Services Sdn Bhd’s application was supported by three local strategic partners which are bumiputra-controlled entities.

PETALING JAYA: Managepay Systems Bhd and Singapore-headquartered iFAST Corp Ltd are among the latest companies which have submitted an application to Bank Negara for a digital banking licence.

They said the application was submitted on Wednesday, the deadline for applications.

In a statement to Bursa Malaysia, MPay said its unit ManagePay Services Sdn Bhd’s application was supported by three local strategic partners which are bumiputra-controlled entities.

“These entities have expressed their interest to invest up to 45% in aggregate in the equity of ManagePay Services in the event the application is successful, ” it said.

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