ManagePay receive approval from BNM to operate e-payment service

MALAYSIA: ManagePay, a local based end-to-end payment solution provider has received the central bank’s approval to operate as an independent electronic payment service provider in the country, the Malaysian Reserve reported. With the approval, ManagePay can sign an agreement with merchant especially small and medium enterprises (SMEs) and individual businesses, without going through the bank. ManagePay is act as third-party service provider, with Maybank as its sponsoring bank.

Author: VSDaily Editor

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