Brief: Ioupay Says Agreement Renewal Between Idestinasi And Accountant General's Office Well Advanced

Ovanti

19/04/2023 06:14

April 19 (Reuters) - Ioupay Ltd  IOU.AX :
    * RENEWAL PROCESS FOR FORMAL AGREEMENT BETWEEN IDESTINASI
AND
ACCOUNTANT GENERAL'S OFFICE IN MALAYSIA IS WELL ADVANCED
    * BNPL BUSINESS WAS RESTARTED ON 27 MARCH & IS OPERATING AT
SMALLER VOLUMES THAN PREVIOUSLY
    * IDESTINASI SDN BHD EXPECTED TO BE A CANDIDATE FOR LISTING
ON
BURSA MALAYSIA IN FUTURE
    * FOLLOWING COST CUTTING EXERCISE UNDERTAKEN IN RECENT
MONTHS,
MOBILE BANKING DIVISION IS PROFITABLE
    * COST CUTTING EXERCISE ALSO RESULTED IN REDUCTION OF COST
BASE IN
BNPL DIVISION OF ABOUT 40%

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