MPay bags US$3.65m Mastercard contract

KUALA LUMPUR: Managepay Systems Bhd (MPay), via its wholly owned unit, ManagePay Services Sdn Bhd, has bagged an incentive contract worth US$3.65 million from Mastercard Asia Pacific Pte Ltd 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 aimed to acquire the necessary technology and deploy marketing campaigns to enhance and enrich the MPay’s Mastercard prepaid card issuing capabilities.