Posted by birkincollector > 2020-07-27 21:51 | Report Abuse

KUALA LUMPUR (July 27): ManagePay Systems Bhd (MPay) said it is forming a joint venture (JV) company, through its wholly-owned subsidiary ManagePay Services Sdn Bhd (MPSB) together with Singapore-based Passion Venture Capital Pte Ltd (PVC), to participate in digital banking in Malaysia.

In a bourse filing today, MPay said it has inked an agreement to set up a JV company to procure a digital bank licence from Bank Negara Malaysia to operate a digital bank via the JV. MPSB will hold 51% in the JV company, while PVC will hold the remaining 49%. Investment in the JV company will be fully funded by PVC, said MPay.

PVC is a venture capital fund management firm registered with the Monetary Authority of Singapore. "PVC invests in start-ups and provides seed money for companies with the potential to grow and tap into the vast global consumer markets," MPay said.

"PVC brings the ability to raise the funds required for the digital bank and also a wealth of experience in banking and deep knowledge to enhance banking offerings; therefore, placing the JV company as a formidable forerunner for the digital bank licence application for Malaysia, and subsequently the region of Southeast Asia," MPay said.

As for MPay itself, the group said it is equipped with the infrastructure, processes, and operational know-how required to seamlessly transform into a full-fledged digital bank, particularly to cater to the same micro, small and medium enterprises market.

Shares in MPay closed unchanged at 10 sen today, giving it a total market capitalisation of RM71 million.

Posted by Michael Kwok > 2020-07-27 23:04 | Report Abuse

To confirm;

https://www.theedgemarkets.com/article/mpay-forms-jv-singapore-venture-capital-firm-tap-digital-banking

Posted by fl888 > 2020-07-27 23:05 | Report Abuse

High time to Money Pay to all loyal shareholders tomorrow...will it hit 20cts or not with this digital financing venture ?

Posted by ayamSG > 2020-07-28 08:57 | Report Abuse

Sure limit up today

Posted by GorengHealthcare > 2020-07-28 09:05 | Report Abuse

30 sen

Posted by Stevenko > 2020-07-28 09:07 | Report Abuse

ALL IN !!!

Posted by fl888 > 2020-07-28 09:17 | Report Abuse

Can catch wit XOX or not.....

Posted by GorengHealthcare > 2020-07-28 09:21 | Report Abuse

Still an opportunity for those who missed XOX boat. haha.

Posted by fl888 > 2020-07-28 09:27 | Report Abuse

limit up price , how much lah

Posted by valuelurker > 2020-07-28 09:27 | Report Abuse

Limit up price is 40c.....

Posted by GorengHealthcare > 2020-07-28 09:32 | Report Abuse

Limit up? 20 sen? haha

Posted by qwerting1 > 2020-07-28 09:35 | Report Abuse

obtain project from bank negara malaysia?

Posted by birdparadise > 2020-07-28 09:35 |

Post removed.Why?

Posted by StarLightMe > 2020-07-28 09:36 | Report Abuse

still not much ppl aware this counter....hahaha goreng 99

Posted by qwerting1 > 2020-07-28 09:38 | Report Abuse

this counter supposed can push up.. Anyone know details of the project with BNM?

Posted by nicholas99 > 2020-07-28 09:38 | Report Abuse

Good news coming soon.

Posted by qwerting1 > 2020-07-28 09:39 | Report Abuse

https://www.theedgemarkets.com/article/mpay-forms-jv-singapore-venture-capital-firm-tap-digital-banking

Posted by qwerting1 > 2020-07-28 09:39 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3072256

Posted by qwerting1 > 2020-07-28 09:39 | Report Abuse

The Board of Directors of the Company wishes to announce that ManagePay Services Sdn. Bhd. (“MPSB”), a wholly-owned subsidiary of MPay, had on 27 July 2020 entered into a Joint Venture and Shareholders’ Agreement (“Agreement”) with Passion Venture Capital Pte Ltd (“PVC”) to set up a JVC to apply for and/or procure a digital bank licence from Bank Negara Malaysia (“BNM”) and subsequent thereto, to operate a digital bank, in accordance with the terms and subject to the conditions in the Agreement for the purpose of furthering the Proposed JV.

Posted by birdparadise > 2020-07-28 09:39 |

Post removed.Why?

Posted by GorengHealthcare > 2020-07-28 09:40 | Report Abuse

MPAY venture into Digital Banking JV with Singapore Company

https://www.theedgemarkets.com/article/mpay-forms-jv-singapore-venture-capital-firm-tap-digital-banking

Posted by nicholas99 > 2020-07-28 09:41 | Report Abuse

full-fledged digital bank at so low price.

Posted by birdparadise > 2020-07-28 09:41 |

Post removed.Why?

Posted by nicholas99 > 2020-07-28 09:41 | Report Abuse

cheap...

Posted by qwerting1 > 2020-07-28 09:44 | Report Abuse

Nobody realise this counter yet.. SOON :D

Posted by qwerting1 > 2020-07-28 09:46 | Report Abuse

if they obtain from BNM thats big revenue ehh but they surely get it..

Posted by nicholas99 > 2020-07-28 09:48 | Report Abuse

Anything below 0.2 is worth it.

Posted by qwerting1 > 2020-07-28 09:50 | Report Abuse

If shark come in goreng this MPay will hit limit up cause of its market cap is low

Posted by qwerting1 > 2020-07-28 09:50 | Report Abuse

only 710m share outstanding lol

Posted by nicholas99 > 2020-07-28 09:51 | Report Abuse

yeah. small quantity all the way.

Posted by qwerting1 > 2020-07-28 09:55 | Report Abuse

no go in regret ah

Posted by ecofrenly > 2020-07-28 09:57 | Report Abuse

now can collect below 0.15

Posted by nicholas99 > 2020-07-28 10:03 | Report Abuse

digital is the trend for future.with mco and thing..

Posted by nicholas99 > 2020-07-28 10:06 | Report Abuse

touch n go ewallet.. grabpay.. and etc..

Posted by nicholas99 > 2020-07-28 10:07 | Report Abuse

With this deal, they can secure more business.. Mpay has always part of the digital payment gateway for many websites..

Posted by nicholas99 > 2020-07-28 10:08 | Report Abuse

Investment in the JV company will be fully funded by PVC, said MPay

Posted by qwerting1 > 2020-07-28 10:11 | Report Abuse

Meaning Mpay dont need to pay any single cents and just have to contribute their expertise?

Posted by qwerting1 > 2020-07-28 10:11 | Report Abuse

Wow this singapore company memang strong

Posted by investor_lauzy > 2020-07-28 10:20 | Report Abuse

Got attracted here by bro qwerting. Very pessimistic abt their chances of getting a digital banking license. Soon you will see alot more mpay size companies coming out shouting abt digital bank. At best I think this is just a goreng stock and run after profit. You can already roughly guess who will get the digital banking license...

Posted by nicholas99 > 2020-07-28 10:25 | Report Abuse

I do think the government want to relax the license.. because digital is the trend.

Posted by qwerting1 > 2020-07-28 10:25 | Report Abuse

Ahaha.. No worries.. We will see cause they JV with Singapore company maybe it has the chance

Posted by nicholas99 > 2020-07-28 10:27 | Report Abuse

Yeah. Singaporen company quite solid.

Posted by qwerting1 > 2020-07-28 10:27 | Report Abuse

anyone here know anything about warrant?

Posted by nicholas99 > 2020-07-28 10:29 | Report Abuse

Bank Negara plans to issue up to five digital bank licences.

Posted by qwerting1 > 2020-07-28 10:31 | Report Abuse

Yeah singaporean company usually are solid

Posted by nicholas99 > 2020-07-28 10:32 | Report Abuse

Singapore government so strict. so, they usually are solid.

Posted by qwerting1 > 2020-07-28 10:34 | Report Abuse

yeah

Posted by qwerting1 > 2020-07-28 10:34 | Report Abuse

market so quiet now

Posted by birdparadise > 2020-07-28 10:42 |

Post removed.Why?

Posted by qwerting1 > 2020-07-28 10:47 | Report Abuse

okey bang