KUALA LUMPUR: Managepay Systems Bhd's (MPay) wholly-owned subsidiary ManagePay Services Sdn Bhd (MPSB) has secured a five-year contract to develop and implement a mobility as a service super application (app) platform for Keretapi "Tanah Melayu Bhd (KTMB).
The super App is expected to improve user experience and potentially encourage ridership on KTMB's railway network.
In a filing with Bursa Malaysia Securities Bhd, MPSB will acquire, deploy, operate, and maintain at its own cost, a ready-to-use and interoperable SuperApp with mobility and service partners.
This includes utilising white-label solutions to offer a customisable option meeting diverse user need, ensuring compliance with specified technical criteria. MPSB accepted the contract from KTMB for a five-year period, with an option for a five-year extension, contingent upon MPSB's satisfactory performance.
"The project aims to extend existing railway services into diverse sectors, with a specific emphasis on enhancing transportation services.Anticipated deliverables encompass a feature rich SuperApp, not only enhancing railway services but also seamlessly integrating with various sectors to provide a holistic and innovative solution," said MPay in a filing with Bursa Malaysia.
The contract will be valid for five years from the effective date, and is expected to contribute positively to the group's revenue for financial year 2025 onwards.
MPay's share price closed unchanged at 12 sen yesterday, giving it a market capitalisation of RM111.16 million.