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
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
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 firstname.lastname@example.org or