MPay wins Mastercard contract

PETALING JAYA: Managepay Systems Bhd (MPay), via its wholly-owned unit ManagePay Services Sdn Bhd (MPSB), has bagged an incentive contract worth US$3.65mil from Mastercard Asia/Pacific Pte Ltd (MAPPL) for a sign-on bonus, product launch, data and services and marketing support.

In a filing with Bursa Malaysia, MPay said the 10-year contract aims to acquire the necessary technology and deploy marketing campaigns to enhance and enrich the MPay’s Mastercard prepaid card issuing capabilities.