Payment solutions and services provider ManagePay Systems Bhd rose 4.88% this morning after it signed an agreement with the Great Eastern group to provide electronic payment solutions and services to the insurer. The value for the services was not disclosed.
At 9.02am, ManagePay rose 1 sen to 21.5 sen with 651,000 shares traded.
ManagePay said its wholly-owned subsidiary ManagePay Services Sdn Bhd (MPay Services) has signed a merchant agreement with Great Eastern Life Assurance (Malaysia) Bhd and Great Eastern Takaful Bhd for the services.
It added that the duration of the agreement is for a period of three years, with a renewable term of two years.
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