ManagePay Systems Bhd (MPay) has secured a letter of award from Penang Port Sdn Bhd (PPSB) worth RM270,270 for the development of a new mobile application.
In a filing with Bursa Malaysia, the electronic payment solutions provider said the contract covers the design, development, supply, configuration, testing, integration, commissioning and maintenance of PPSB’s cloud-hosted mobile application.
MPay said the application is expected to be delivered within four months from the date it receives written instructions from the project’s supervising officer. The company will also provide full system support and maintenance services for a subscription period of three years.
The project is expected to enhance digital services and operational efficiency for Penang Port through a more accessible and modern mobile platform.
MPay noted that the contract will not have any impact on its issued share capital or the shareholdings of its major shareholders. However, it is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending June 30, 2026, and beyond.
