MPay shares up on Matrade collaboration

PETALING JAYA: ManagePay Systems Bhd's (MPay) share price rose 4.54% this morning on news that it will collaborate with Malaysia External Trade Development Corp (Matrade) to provide e-marketplace for local small and medium-sized enterprises (SMEs) under Matrade eTRADE programme.

MPay’s share price stood at 23 sen at 11.54am with 3.75 million shares changing hands.

In a filing with Bursa Malaysia yesterday, MPay said its wholly-owned subsidiary ManagePay Marketing Sdn Bhd had accepted a letter of offer from Matrade to provide services through MPay’s e-marketplace platform BuyMalaysia.com to SMEs who are registered under the eTRADE programme.

With the installation of BuyMalaysia.com into the Matrade eTRADE programme, MPay said it foresees that the e-marketplace platform can become the driving force for all qualified Malaysian businesses, companies and brands to gain digital market access and increase export volume.