ManagePay Receives 2012 Frost & Sullivan Asia Pacific New Product Innovation Award in Mobile Electronic Payment Terminal Solution

ManagePay Receives 2012 Frost & Sullivan Asia Pacific New Product Innovation Award in Mobile Electronic Payment Terminal Solution PR Newswire SINGAPORE, Oct. 9, 2012 SINGAPORE, Oct. 9, 2012 /PRNewswire/ -- ManagePay Systems Berhad (ManagePay) is the recipient of the 2012 Frost & Sullivan Asia Pacific New Product Innovation Award in Mobile Electronic Payment Terminal Solution. The award was presented at the 2012 Frost & Sullivan Asia Pacific Best Practices Awards held on the 25th of September at the Shangri-La Hotel, Singapore. The New Product Innovation Award is presented each year to the company that has demonstrated measured excellence in new, innovative product or product line within its industry. The recipient of this award has demonstrated excellence in key areas such as Innovative Element of the Product; Leveraging Leading Edge Technologies in Product; Value Added Features/Benefits; Increased Customer ROI; and Customer Acquisition/Penetration Potential. With the increasing use of electronic payment methods such as credit cards and debit cards among consumers, merchants not having the ability to accept these forms of non-cash payment forms can be potentially losing out on their businesses. "ManagePay achieved an outstanding breakthrough in developing and marketing a product which can enable greater commerce for small and medium enterprises.