Quick take: GHL rises 1.4% on its team up with Mastercard for tokenization

January 7, 2020 editor GHL Systems, Mastercard

KUALA LUMPUR: Shares in GHL Systems Bhd rose over 1.4% in early trade Tuesday after the company announced its partnership with Mastercard for tokenization.

The counter advanced 1.46%, or two sen to RM1.39 with 1.18 million shares traded.

GHL, in partnership with Mastercard, has launched a tokenized e-payments solution that offers simpler, more secure and seamless digital payment experiences for consumers.

The Mastercard Digital Enablement Service (MDES) for Merchants (M4M) is offered by GHL’s fintech arm, eGHL, for online and in-app transactions.

GHL said eGHL will be the first payment service provider in Southeast Asia to enable MDES For Merchants in Malaysia, starting this month.

Source: TheStar