Anyone noticed that Mpay has launched their P2P platform (i.e. Quickash)? They're offering interest return of up to 18% p.a.!

lol diaz_flag. this is not nexgram la brader. tech companies' breakeven point takes time. Look at uber, no profit made until today. Mpay will start to fly higher when their P2P and money lending business starts to commence.

Where got other ther fintech companies that has payment and financing solution

whats so great about PUC since there are more than 20 other non-bank Malaysian entities allowed by BNM to issue e-money?

or what if its the truth, and he cant expose himself too much cuz maybe its insider info? jeng jeng jeng

Diaz, do u really think that BNM and SC would simply give out licenses if the business model is not viable??

Mpay gonna go high in the near term. Hold onnnnn

any news on their P2P business? can't wait to invest in their P2P.

agree with fishing_leg. this is just the beginning.

Agree with RX350. Maybe they're stuck in the stock that their promoting.

Do u guys really think that BNM and SC would give licenses to business that is not viable?

income growth potential from P2P is severely underestimated in this chatroom.
Do you know how much annual return that P2P operators can payout to investors? 18% p.a.

Jgn dengar pavillion ni. Saja nak buat orang takut. Then he come in and buy cheap.
Taktik lama bro.

Pavillion, first mover was GHL fyi.

baru masuk sehari dh banyak bising. ceh

No way Quek Leng Chan is selling his bank. It should be the other way around. HLB acquire AFG.

haiya. u people aa...take a look at the prospect of their P2P business la. jangan la jadi katak bawah tempurung asyik dok harping on e-payment je.

alipay celah mana

P2P platform should be going live soon

Whats your basis tripplez? Industry non performing loan ratio is less than 2%.

http://www.thestar.com.my/business/business-news/2017/05/26/managepay-gets-approval-to-operate-as-a-money-lender/

orang gila je main counter ni

dey darkxfs, y u promote greenyb everywhere la?

Pavillion brotha, they are deploying the credit card TERMINALS. U need terminals to swipe/tap ur cards ma. Unless u can swipe it on a fried chicken.

Question is, why Ancom approached Mpay instead of GHL?

they have up till Aug'17 to get their P2P business up and running. Once their P2P business goes live, more revenue to come in.

http://www.nst.com.my/business/2017/04/229776/rhb-joins-p2p-arena-funding-societies

Guess who elso also got p2p license? Thats right. MPAY. P2P is the upcoming in thing in Malaysia. This is a long term stock, not some kinda slot machine.

Hi Dorian. I think this can be considered as progress for their P2P business.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5365065

The Board of Directors of MPay wishes to announce that a new subsidiary in Malaysia has been incorporated on 13 March 2017 known as Quickash Malaysia Sdn Bhd (“Quickash”)(“Incorporation”). Quickash is a wholly-owned subsidiary of ManagePay Services Sdn Bhd (“MPSB”) where MPSB is a wholly-owned subsidiary of the Company.

Information of Quickash

Quickash is incorporated on 13 March 2017 with its registered office at 16-A (1st Floor), Jalan Tun Sambanthan 3, Brickfields, 50470 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia.

The issued share capital of Quickash is Ringgit Malaysia Two (RM2.00) only divided into two (2) shares only.

The Directors of Quickash are Dato’ Chew Chee Seng and Mr Soon Kian Heng.

The intended activities of Quickash are to provide peer-to-peer (P2P) financing platform and as market operator licensed by the authority.

Rationale for the Incorporation

On 1 December 2016, MPSB has obtained the concurrence from Securities Commission Malaysia for MPSB to set up Quickash to operate the P2P financing platform under Section 34 of The Capital Markets and Services Act 2007.

Quickash will be injected with a fresh capital of RM5.0 million so that it is in best position to stay focus in its sole primary business activities to offer its best services to its users (investors and issuers) as a P2P financing platform operator and unknot intertwined with regulation, policy and guidelines only applicable to MPSB’s merchant acquiring and e-money issuance services regulated under the Financial Services Act 2013.

Quickash shall proceed to obtain a MSC status from Malaysia Digital Economy Corporation (MDeC) so that Quickash would enjoy the benefit of its pioneer status of 5+5 years tax incentives and it could reinvest its profit into making the Quickash P2P financing platform a robust and reliable services for both investors and issuers.

Directors’ and/or Major Shareholders’ Interests

None of the Directors and/or major shareholders of MPay and/or persons connected with them have any interests, direct or indirect, in the Incorporation.

Financial Effects

The Incorporation will not have any material effect on the earnings per share and net assets per share of MPay for the financial year ending 31 December 2017.

The Incorporation will not have any effect on the share capital, gearing and substantial shareholders’ shareholdings of MPay.

Approvals Required

The Incorporation does not require approval from the shareholders of MPay or any other relevant authorities.

Directors’ Statement

Having considered the rationale and the effects of the Incorporation, the Board of Directors of MPay is of the opinion that the Incorporation is in the best interest of the Company.

This announcement is dated 14 March 2017.

What does alipay got to do with P2P fund raising? E-payment and P2P fund raising is 2 different animal.

everyone seems to forget that MPAY also have P2P license granted by SC last Nov-16. And according to SC, all P2P operators are expected to be fully operational in 2017!

https://www.sc.com.my/post_archive/sc-announces-six-peer-to-peer-financing-operators/

Lol. why goodluck to me? I have no stake here. Im here just to enjoy the movie!

Just wait for what and see what? this 1.30 and above level only started like 2 weeks ago. before that it has been hovering below 1.30 and was having a hard time to break 1.30.
Quite a long time?Nah...i dont think so. Price might stick 1.30 - 1.35 range for another month or so maybe.

overbought position was on 21/3/17 (Jack Ma week). T+7 contra players, tomorrow last day to sell....goodluck!

Lucas, mind sharing your basis for 150?

xexlone. normal la tech company lose money during infancy stage. Uber also not making money!

Bila Jack Ma balik, Mpay pun balikkkk....jangan goreng sampai hangus k guys!

down again. flushing out the intraday traders.

agree with abangadik.

every month confirm got 1-2 days with significant spike. so far thats what i've been seeing. Especially when all the goreng2 penny stocks with koyak fundamentals are down, stocks with strong fundamental punya turn pulak naik.

beerbeer88, u sure ah never direct with mpay before? go to supermarket n u will see at the counter, the debit/credit terminal will either be Mpay or GHL system.

Bull13 is right, mpay got license for money lending business via their P2P license.
And if you still skeptic about P2P, check out modalku ventures P2P platform. They just recently launch their P2P platform and already got 100% subscription for the projects that they r promoting.

Hi Dorian. Im flattered when u say that I was on BFM. Unfortunately, I've never been interviewed by them nor have I given any interviews on air. Haha.

Im just passionate about fintech and the opportunities it avail for the society. Conventional banking is just too oppressive (because of the interest charges) and I hope that fintech (either P2P or ECF) is able to provide financial services that is equitable, just and fair.

As depositors in the financial system, its about time we get fair returns from our money.

Dear Dorian, why do P2Ps need to work with banks?

Dear wise eye, return for investors are guaranteed. Its like a mini bond market. Riskiness of companies obtaining financing via P2P can be determined according to their ratings, which is a mandatory requirement for P2P operators.

Yes, u may be right to say that the SMEs may abandon P2P once they get bigger. But look at the banking sector now, they have tighter and stringent underwriting standards, and this would persist for quite some time.

P2P is an alternative investment vehicle for retail investors. I'd bet everyone would like to get fixed returns that are higher than banks' FD rate.

If no one is still convince on P2P, try checking out ECF operators that are already in operation. Then only you'd come to realize SC's effort in boosting the fintech market. If you are still not convinced, try checking out ethiscrowd.com, its an ECF company based in Singapore with a commendable success rate. And they too have been granted a P2P operating license in Malaysia.

Dorian, i think you're belittling the fintech arena. FYI, SC has been handling and regulating the P2P space quite well. Look at all the P2P operators approved by SC, there's no political influence at all. And mind you, when there are so many hurdles to get facilities from the conventional banks, guess where small businesses will turn to for credit facilities? P2P

trend is almost similar to last year. If no shock in the market, i dont think the price will go below 1.10.

esos

read the news guys, Hng33 has substance in his statement.

ASB acquired 500k++ wct shares last week. What does this indicate? Can anyone enlighten us?

simon. u really need to fix ur english.

next monday cuti bro

someone need to break the 9sen barrier.lol. once broken confirm flying without wings.

go listing to get access to equity capital market lorr. So they dun need to just rely on debt capital market.