Payment solutions provider ManagePay Systems, Visa, and Malayan
Banking have launched MPay ECPOS, a device that allows credit and
debit card payments on mobile phones.
MPay ECPOS supports Apple‘s
operating system and later this year, it will support the Android
and Windows operating platforms.
Go deeper with GlobalData
ManagePay CEO Chew Chee Seng told
local media:
“The service will be convenient for small and medium enterprises
and micro-traders as the device is mobile and the cost is cheaper
compared with conventional terminals.”
Stuart
Tomlinson, Visa International Malaysia country manager, said the initiative is an effort
towards a cashless society.
B. Ravintharan,
Maybank executive vice-president and cards, wealth and payments
head, said:
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By GlobalData“We expect credit and debit card users and transactions to
increase with this tie-up. With the introduction of this service,
consumers have more reasons to use their debit and credit cards. It
is cashless and safe. They can also accumulate loyalty points to
redeem gifts whenever they use their cards.”
ManagePay hopes to attract 40,000 users by the
end of this year.
