KUALA LUMPUR (April 4) : ManagePay Systems Bhd, the most-actively traded stock on Wednesday noon , rose as much as 27% following updates on its strategic collaboration with Visa Worldwide Pte Ltd.
ManagePay rose 5.5 sen to an intraday high of 26 sen before trading lower at 22 sen at 12.02pm with some 41 million shares done.
According to ManagePay, the strategic collaboration aims to expand the adoption of electronic payment among small and medium enterprises by simplifying the merchant acquisition process and lowering the acquisition cost.
ManagePay rose 5.5 sen to an intraday high of 26 sen before trading lower at 22 sen at 12.02pm with some 41 million shares done.
According to ManagePay, the strategic collaboration aims to expand the adoption of electronic payment among small and medium enterprises by simplifying the merchant acquisition process and lowering the acquisition cost.
