MC Payment Wins Exclusive Payments Contract For Mosque Madrasah Wakaf Shared Services (MMWSS)
- Awarded exclusive contract to manage MMWSS payments platform
- Platform developed for Zakat to go live on 1 April 2021 in time for Ramadan
- Contract includes managing payment solutions for Our Masjid crowdfunding initiative, the Islamic learning hub Ilham, Madrasah, and the Mosque Building Fund
SINGAPORE, March 19, 2021 – MC Payment Ltd. (SGX:TVV) (“MC Payment” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce it has been awarded an exclusive contract to manage the payments platform belonging to Mosque-Madrasah-Wakaf Shared Services (MMWSS), a subsidiary of MUIS (Majlis Ugama Islam Singapura, also known as the Islamic Religious Council of Singapore). This platform will offer a full suite of digital payment methods, including major debit/credit cards and local payment methods such as PayNow.
As part of the services provided under the contract, MC Payment will develop a website for Zakat (a religious obligation or donation), which includes an e-payment platform. The platform (https://www.zakat.sg) which has a built-in calculator to enable the quick calculation of Zakat Harta, also allows for auto-filing to Inland Revenue Authority of Singapore (IRAS) for entitled tax relief. zakat.sg is scheduled to go live on 1st April 2021 in time for Ramadhan (a period where Muslims will fast), during which Muslims in Singapore, an estimated population of nearly 900,000, will be making compulsory payments known as Zakat Fitrah.
In addition, the Group will host payment integration platforms for Our Masjid (https://ourmasjid.sg/) and Our Madrasah (https://ourmadrasah.sg), a crowdfunding initiative to support local mosques and madrasahs. It will also provide payment solutions for the Islamic learning hub, Ilham (https://learnislam.sg), for the collection of registration fees, school/course fees and recurring fees.
The entire project is an initiative by MMWSS to digitalize and automate its processes.
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Email: cy@gem-comm.com
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The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
