MPay to be Pick n Go fa­cil­i­ta­tor

New Straits Times - - Business -

KUALA LUMPUR: Man­age­pay Sys­tems Bhd’s wholly-owned sub­sidiary, Man­age­Pay Ser­vices Sdn Bhd (MPay), has ac­cepted a let­ter of award from Pick n Go Sdn Bhd as the sole op­er­a­tor for the is­suance, ac­quir­ing and pay­ment so­lu­tion provider for Pick­NGo taxis.

In a fil­ing with Bursa Malaysia, Man­age­pay said Pick n Go had ap­pointed MPay as a sole card pay­ment fa­cil­i­ta­tor which en­ables taxi op­er­a­tors to ac­cept ma­jor credit card pay­ments through their new taxi e-hail­ing mo­bile ap­pli­ca­tion, known as Pick­NGo.

Pick n Go is a joint ven­ture formed by ma­jor lo­cal taxi con­sor­tiums with an ex­ist­ing 8,000 reg­is­tered taxi driv­ers.

In ad­di­tion to the Pick­NGo mo­bile ap­pli­ca­tion, MPay is also in­tro­duc­ing a phys­i­cal card pay­ment ac­cep­tance where a card ter­mi­nal (MPOS) would be in­stalled in­side the taxi for pay­ment con­ve­niences.

This is in line with pro­mot­ing a cash­less so­ci­ety, thereby stay­ing com­pet­i­tive among the e-hail­ing taxi op­er­a­tors in the re­gion.

MPay will de­ploy lo­cal ter­mi­nals for up to 8,000 reg­is­tered taxi driv­ers by yearend with the num­bers set to rise to ap­prox­i­mately 20,000 units by end of next year.

MPay will earn fees from pay­ment card trans­ac­tions pro­cessed by MPOS as well as the Pick­NGo taxi e-hail­ing mo­bile ap­pli­ca­tion. Bernama

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