KUALA LUMPUR (April 24): ManagePay Systems Bhd (KL:MPAY) has secured a contract to provide an open payment system for the East Coast Rail Link (ECRL) passenger ticketing system.

The Letter of Award (LOA), covering supply, deliver, installation, integration, testing, commissioning and maintenance, was awarded to its unit, ManagePay Services Sdn Bhd, from ECRL Operations Sdn Bhd on Wednesday (April 22), according to its bourse filing.

ECRL Operations is the joint venture between Malaysia Rail Link Sdn Bhd and China Communications Construction Co Ltd, which will manage rail operations slated to commence in January 2027.

A proof-of-concept for the open payment system is to be completed by Oct 14, 2026, unless extended or varied in accordance with the LOA, and a payment processing agreement to be executed.

A specified value to the job was not attached, though remuneration will be by way of applicable merchant discount rates — payment processing fee — on successful transactions during the payment processing period, which is 60 months from Dec 1, 2026.  

“It is expected to contribute positively towards the earnings of the company for the financial year ending June 30, 2027 and onwards,” ManagePay noted.

Shares in ManagePay ended unchanged at seven sen on Friday, valuing the group at RM67.09 million.