MPay to be Pick n Go facilitator

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