PETALING JAYA: GHL Systems Bhd
is expected to register stronger growth in the second half of this year, underpinned by its robust transaction payment acquisition (TPA) segment and higher share services contribution.
According to UOB Kay Hian (UOBKH) Research, the payment service provider’s TPA segment is currently being driven by increased tourist arrivals, meaningful contribution from cross-border transactions and the e-tunai scheme introduced by the Malaysian government.
In addition, GHL is also well-positioned to benefit from the government’s initiative of an open payment system and the organic technology refresh with merchants and banks upgrading their terminals contribution in the next six months of this year, the brokerage noted.
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