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MSL Solutions (ASX:MPW) - CEO, Pat Howard - The Market Herald
CEO, Pat Howard
Source: MSL
  • MSL Solutions (MSL) was up more than 30 per cent today after signing a revenue-sharing agreement with Openpay (OPY)
  • This agreement will see the sports and leisure company integrate Openpay's buy now pay later (BNPL) solution across its golf and membership products
  • This agreement will run for an initial three year period and will offer a phased roll-out across Australia
  • Openpay will pay for the platform to be established and both companies have agreed to revenue sharing
  • MSL's share price has dropped slightly but is still up a steady 22.5 per cent and shares are trading for 9.8 cents
  • Openpay is also up 9.54 per cent and shares are trading for $3.56 per share

MSL Solutions (MSL) was up more than 30 per cent today after signing a revenue-sharing agreement with Openpay (OPY).

This agreement will see the sports and leisure company integrate Openpay's buy now pay later (BNPL) solution across its golf and membership products.

This will allow golf clubs the ability to include Openpay's BNPL service as a payment option for members.

"We are proud to announce this exclusive partnership that will enable a smarter way for hundreds of golf clubs on MSL's platform to offer Openpay's buy now, pay later for the purchase of gold memberships," Openpay Chief Commercial Officer Dion Appel said.

"MSL has been an innovator in the golfing industry and we are pleased to have been selected to further solidify its position as an industry leader," he added.

This agreement will run for an initial three year period and will offer a phased roll-out across Australia.

Openpay will pay for the platform to be established and both companies have agreed to revenue sharing. This will see Openpay pay MSL an annual rebate.

"We are proud and excited to partner with Openpay. As with all potential partners, we have carefully reviewed and selected Openpay on the strength of the quantifiable benefits that we believe Openpay can bring to our customers," MSL CEO Pat Howard commented.

"We expect this partnership to add an attractive new dimension to MSL's golf suite of services as it allows for greater profitability and customer retention among our golf club customers," he added.

MSL's share price has dropped slightly but is still up a steady 22.5 per cent and shares are trading for 9.8 cents.

Openpay is also up 9.54 per cent and shares are trading for $3.56 per share at 11:16 am AEST.


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