Follow On Investment from Jagdish Chanrai

6 July 2017

Singapore, 6 July 2017 – MyPay Limited (“MyPay”) announced today that Jagdish Chanrai has committed a follow on investment of USD750,000. Jagdish made an initial investment of USD1,000,000 into MyPay in 2016.

“The follow on investment from Jagdish Chanrai provides support for MyPay to reach its business targets. We are pleased that Jagdish has recognized the value in MyPay’s mobile payment solutions,” said Nicolas Nguyen, Chairman of MyPay.

Jagdish is a Principal of the Kewalram Chanrai Group, serving on the management board of the holding company. Founded in 1860, the Group is family-owned and professionally managed. It has interests in supply-chain management, textiles, real-estate, agriculture, environmentally friendly products and waste water treatment. Their business interests span several countries including the UK, India, Singapore, Nigeria, Ghana and Spain.

The Group is well known for its community work, especially in the field of healthcare and education for the underprivileged, particularly in India and Nigeria.

Additionally, Jagdish has made private interests in several companies, primarily in technology, and holds a number of directorships. He is also a member of the Malaysian chapter of Vistage International – the largest CEO organization in the world.

“I am impressed with MyPay’s development and I am pleased to expand my investment into one of the fastest growing market segments,” commented Jagdish. “I believe there are significant growth opportunities ahead for the company.”

About MyPay

MyPay provides mobile based payments, remittances and financial solutions to global markets. MyPay also enables consumers without a feasible payment method or funds, to make online purchases through its third party social payment solution and for businesses to request payments from customers via social networks and messaging platforms. For more information about MyPay email info@mypaynetwork.com or visit www.mypaynetwork.com.