ManagePay Systems Berhad
ManagePay Systems Berhad is a Malaysian fintech group operating an integrated fintech-as-a-service platform — payments, e-money, P2P lending (QuicKash), prepaid Mastercard, and white-label wallets — for consumers, SMEs, enterprises, and government across Malaysia.
- Company typePublic
- Founded2000
- HeadquartersSubang Jaya, Malaysia
- Headcount101–250
- GTM typeB2B and B2C
- OfferingSoftware
What ManagePay Systems Berhad does
ManagePay Systems Berhad is a Malaysian fintech group founded in 2000 by Dato' Chew Chee Seng and listed on Bursa Malaysia ACE Market (ticker: 0156) since March 2011, headquartered in Subang Jaya, Selangor. The group operates an integrated fintech-as-a-service platform spanning merchant acquiring (Mobile POS Lite/Pro with MDR of 2.5-3.0% and monthly fees of RM10-30), consumer e-money (MPay WALET), a Securities Commission-registered P2P financing marketplace (QuicKash, offering investors 8-18% returns), prepaid Mastercard issuance, internet payment gateway with tokenization, payroll/cash disbursement, insurance premium collection (InsureWorks), and an AI-driven KYC partnership with University Malaya. Its technology stack — IPG, IPOS middleware, ECPOS/EDCPOS/VERNPOS terminals, e-KYC with MSC Trustgate — is EMV Level 1/2 and PCI DSS certified, and is delivered both directly and via a white-label OEM model powering branded wallets for partners including Pearl (One Touch Penang), Matrix Parking, AlifPay, QRPay, Evolet, Maripay, KA$H Wallet, MAI Reward, and KITS Style. The company holds more than a dozen regulated licenses from BNM, SC, MCMC and KPKT, has deployed RM100 million across 20+ fintech ventures, lent RM50M+ to SMEs, and in 2022 applied to Bank Negara Malaysia for a digital banking licence through its wholly-owned subsidiary ManagePay Services Sdn Bhd.
ManagePay Systems Berhad firmographics
Firmographics- Name
- ManagePay Systems Berhad
- Legal name
- ManagePay Systems Berhad
- Website
- https://info.mpay.my
- Company type
- Public
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ManagePay Systems Berhad is a Malaysian fintech group operating an integrated fintech-as-a-service platform — payments, e-money, P2P lending (QuicKash), prepaid Mastercard, and white-label wallets — for consumers, SMEs, enterprises, and government across Malaysia.
- Ownership category
- akta.pro rank
ManagePay Systems Berhad industry classification
Industry- Product category
- Fintech Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (522210), Credit Card Issuing (52221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO), Merchant / Closed-Loop Wallets (Retail & Marketplace) (FSAMAEAF), Card Issuing Platforms (Issuer Processing) (FSAGABAD), Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM)
Keywords
Where ManagePay Systems Berhad is headquartered
LocationHeadquarters
- HQ city
- Subang Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices2 records
Markets served
ManagePay Systems Berhad business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain
Revenue model
- Payment Processing / Transaction Fees: MPay charges merchants a Merchant Discount Rate (MDR) on card transactions. Lite package MDR is 3.0%, Pro package MDR is 2.5%. Minimum charge of RM0.60 applies for transactions under RM30. Additional RM1 bank transfer fee per transaction.
- Monthly Service Fees: Monthly subscription fees for payment services: Lite package RM10/month, Pro package RM30/month. 24-month minimum contract period.
- Setup/Onboarding Fees: One-time startup fees for merchant onboarding. Standard fee RM399 (waived during promotions). Card reader purchases at additional cost.
- P2P Financing Interest: QuicKash P2P financing platform generates returns of 8-18% for investors by connecting issuers (businesses seeking financing) with investors. MPay facilitates the platform and earns platform fees.
- White-Label Licensing: Fintech-as-a-service licensing model where brands pay to use MPay's licensed infrastructure for their own branded e-wallets and financial services.
- Corporate Card Issuance: Revenue from prepaid MasterCard card issuance for corporate payroll and disbursement purposes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Mobile POS Lite - Entry level mobile payment acceptance |
| Transaction based/ take rate | Monthly | Mobile POS Pro - Advanced mobile payment with lower MDR |
| Outcome Based/ Performance | Pay-as-you-go | QuicKash P2P Financing - Investment returns |
| Transaction based/ take rate | Monthly | MPay Pro Merchant Account - Digital onboarding for SME merchants |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
ManagePay Systems Berhad product offering
Product offeringCore offering
ManagePay Systems Berhad operates an integrated fintech platform offering consumer digital wallets (MPay WALET), prepaid Mastercard cards, merchant mobile point-of-sale solutions (MPay Pro with EDCPOS/ECPOS/VERNPOS), an Internet Payment Gateway with tokenization, IPOS API middleware, a Securities Commission Malaysia-registered P2P financing marketplace (QuicKash), and a white-label fintech-as-a-service infrastructure that lets brands embed licensed e-wallets and co-branded cards under their own brand. The group serves individuals, SMEs, corporations, insurers, and government/local authorities across Malaysia.
Differentiator
Problem solved
Functional benefit
Brands
- MPay WALET: Digital wallet and mobile banking application for personal use, offering savings, payments, transfers, and investment features.
- MPay Pro
- QuicKash
- MDEX
- BuyMalaysia
- JIRAN
- ECPOS
- EDCPOS
- IPOS
- VernPOS
- QuicKredit
- ParcelPay
- InsureWorks
Products and services
- MPay WALET
Quantifiable outcome
- T+1 Settlement - Transaction settlement completed next business day
- +4 more outcomes
Companies that use ManagePay Systems Berhad
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
ManagePay Systems Berhad technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration14 records
AI capability4 records
Feature6 records
ManagePay Systems Berhad partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- Smartlink Asia BhdcorePartnership for issuance of MPAY PanPay MasterCard Prepaid Card, MPAY Smartlink Wallet and MPAY Smartlink Online Wallet. Smartlink Asia provides app creation capabilities.
- Fintech Company (Partner Name Redacted)coreJoint partnership for prepaid MasterCard and e-wallet product launch. Specific partner name redacted in source.
- University Malaya AI Research LabminorTripartite private-academia partnership with MSC Trustgate.com and UM AI Research Lab to develop AI-driven KYC (Know Your Customer) solution for digital identity verification.
- Hero MarketcoreSupermarket chain partnership to enable e-wallet cashless payment capabilities at Hero Market retail locations. Hero Market operates 24 supermarkets in Klang Valley, 3 in Johor, and 1 additional location.
- MSC Trustgate.com Sdn Bhdcore20% associate company of MPay. Holds 5-year Certificate Authority (CA), Certificate of Recognition for Date/Time Stamp Authority (TSA) license from MCMC. Provides e-KYC and digital ID technology for MPay's digital onboarding.
- Bank Sponsor (Local Bank)coreLocal bank acting as Sponsor Bank for Third Party Acquirer (TPA) model. Receives and handles sales proceeds, processes payments directly to merchants. Provides regulatory sponsorship for VISA and MasterCard acquiring.
- Pearl - One Touch Penang (Majlis Bandaraya Pulau Pinang)coreWhite-label e-wallet for Penang city government services including bill payment, parking, community engagement. Powered by MPay infrastructure.
- Matrix Parking Solution Holdings BhdcoreWhite-label e-wallet for parking solutions and related financial services. MPay provides fintech infrastructure under Matrix Parking brand.
- Alif Pay Group Sdn BhdcoreWhite-label e-wallet partner. MPay powers the fintech infrastructure for Alif Pay's branded digital financial services.
- Keretapi Tanah Melayu Berhad (KITS Style)minorWhite-label e-wallet for KITS online train ticketing platform. MPay provides payment and financial service infrastructure.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
ManagePay Systems Berhad competitors and assessment
Company assessmentDirect peers
- Fiuu (formerly Maven / Mobile88): Malaysian-headquartered payment gateway and processing platform serving merchants across Southeast Asia. Direct competitor to MPay's IPG and merchant payment processing infrastructure.
- eGHL Sdn Bhd: Malaysian online payment gateway provider offering card-not-present processing for Malaysian merchants. Direct competitor to MPay's IPG with overlapping PCI DSS-certified payment gateway capabilities.
- Razer Fintech (Razer Merchant Services): Southeast Asian payment gateway and merchant services provider. Competes with MPay in Malaysian online and offline payment acceptance, with a comparable white-label approach to merchant acquiring infrastructure.
- iPay88: Malaysian payment gateway and merchant acquiring platform widely deployed across Malaysian SMEs and large merchants. Direct competitor to MPay's IPG and mobile POS offerings with overlapping merchant onboarding and transaction processing.
- Billplz: Malaysian payment gateway with strong SME focus and bill-payment use cases. Competes with MPay's IPG and Paytext/Paylink payment-link solutions for the Malaysian merchant online payments market.
- Boost (Axiata Group): Major Malaysian e-wallet operated by Axiata Group. Competes with MPay WALET and the broader MPay white-label ecosystem for Malaysian consumer wallet share and merchant QR acceptance.
Emerging players
- Setel (Petronas): Malaysian e-wallet originating from Petronas's fuel retail network. Overlaps with MPay's loyalty, prepaid card, and merchant payment use cases and is expanding into broader retail payment acceptance.
- ATOMPASS / MoneyMatch: Malaysian fintech offering payment and cross-border remittance services. Adjacent competitor to MPay's cross-border remittance and P2P/marketplace efforts, sharing the Malaysian fintech-infrastructure theme.
Broad incumbents
- Touch n Go eWallet: Malaysia's largest e-wallet by user base, with strong government and transit integrations. Competes with MPay WALET in consumer payments and with MPay's white-label government wallet proposition (e.g., Pearl for Penang).
- GHL Systems Berhad: ASEAN-focused payment processor and merchant acquirer listed on Bursa Malaysia Main Market. Provides payment gateway, POS, and merchant acquiring services across multiple Southeast Asian markets, competing directly with MPay's IPG and payment processing business.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
ManagePay Systems Berhad social profiles
Digital presenceManagePay Systems Berhad financial estimates
Financial estimateRevenue estimate
Valuation estimate
ManagePay Systems Berhad leadership team
Management profileNumber of profiles
Profiles6 records
ManagePay Systems Berhad subsidiaries and ownership
Company hierarchySubsidiaries19 records
ManagePay Systems Berhad funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ManagePay Systems Berhad M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ManagePay Systems Berhad
What does ManagePay Systems Berhad do?
ManagePay Systems Berhad operates an integrated fintech platform offering consumer digital wallets (MPay WALET), prepaid Mastercard cards, merchant mobile point-of-sale solutions (MPay Pro with EDCPOS/ECPOS/VERNPOS), an Internet Payment Gateway with tokenization, IPOS API middleware, a Securities Commission Malaysia-registered P2P financing marketplace (QuicKash), and a white-label fintech-as-a-service infrastructure that lets brands embed licensed e-wallets and co-branded cards under their own brand. The group serves individuals, SMEs, corporations, insurers, and government/local authorities across Malaysia.
Is ManagePay Systems Berhad a public or private company?
ManagePay Systems Berhad is a public company. It is classified as public and is currently operating.
When was ManagePay Systems Berhad founded?
ManagePay Systems Berhad was founded in 2000. It employs 101 to 250 people.
Where is ManagePay Systems Berhad based?
ManagePay Systems Berhad is headquartered in Subang Jaya, Malaysia, in the Asia region.
How does ManagePay Systems Berhad make money?
Six revenue lines are on record. Payment Processing / Transaction Fees are the primary driver. The others are monthly Service Fees, setup/Onboarding Fees, P2P Financing Interest, white-Label Licensing and corporate Card Issuance.
Who are ManagePay Systems Berhad's main competitors?
Direct peers on record are Fiuu (formerly Maven / Mobile88), eGHL Sdn Bhd, Razer Fintech (Razer Merchant Services), iPay88, Billplz and Boost (Axiata Group). Emerging players are Setel (Petronas) and ATOMPASS / MoneyMatch. Broad incumbents are Touch n Go eWallet and GHL Systems Berhad.
Does ManagePay Systems Berhad have an API?
Yes. MPay offers API-based integrations for payment processing. IPOS is described as an API integration application that acts as middleware connecting MPay payment solutions to existing Android or iOS mobile applications or websites. The Internet Payment Gateway (IPG) supports online payment processing with features including encryption, tokenization for secure storage, online fraud prevention mechanism, real-time consolidated reporting, and PCI DSS compliance.
What industry is ManagePay Systems Berhad in?
ManagePay Systems Berhad's product category is Fintech Payment Processing. Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAGABAO, POS, SoftPOS & In-Person Acceptance Infrastructure. Its NAICS code is 522320 and its SIC code is 6199.