| Admission Sponsor |
OSK Investment Bank Bhd |
| Sponsor |
Same as above |
| Type |
Announcement |
| Subject |
OTHERS |
| Description |
MANAGEPAY SYSTEMS BERHAD (“MANAGEPAY” OR “THE COMPANY”)
- Letter received from Malaysian Electronic Clearing Corporation Sdn Bhd ("MyClear") by Multimedia Prospect Sdn Bhd ("MPSB"), a wholly-owned subsidiary of ManagePay, in relation to the intention of MyClear to appoint MPSB as its e-Debit Third Party Acquirer |
| Announcement Details/Table Section : |
The Board of Directors of ManagePay wishes to announce that MPSB had on 14 May 2012 received a letter from MyClear dated 11 May 2012 (“Letter”) stating that MyClear is agreeable to appoint MPSB as its e-Debit Third Party Acquirer.
The Letter should not be construed as binding and is subject to a formal agreement to be entered into by MPSB and MyClear which will clearly set out the terms and conditions governing the commercial arrangements and defining the respective roles and responsibilities, rights, obligations and liabilities to be entered into by both parties.
INFORMATION ON MYCLEAR
MyClear is a wholly-owned subsidiary of Bank Negara Malaysia. MyClear was set up to provide an efficient and reliable infrastructure for e-payments, interbank funds transfer, settlement and securities depository. MyClear provides comprehensive securities services that encompass the issuance, depository, asset servicing and settlement of debt securities denominated in Ringgit Malaysia and other currencies. For payment services, MyClear provides real-time high value interbank funds transfers and operates the national cheque clearing system. For retail services, MyClear operates the e-Debit, Interbank GIRO, Financial Process Exchange (FPX), Direct Debit and MyMobile services.
DOCUMENTS FOR INSPECTION
The Letter is available for inspection at the registered office of ManagePay at Lot 6.05, Level 6, KPMG Tower, 8 First Avenue, Bandar Utama, 47800 Petaling Jaya, Selangor Darul Ehsan, during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.
This announcement is dated 17 May 2012. |
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