Ramssol Unit, CTOS Data Systems to Distribute, Promote EWA Platform

MT Newswires Live07-29

Ramssol Group (KLSE:RAMSSOL) unit Rams Fintech signed a memorandum of agreement with CTOS Data Systems to distribute and promote its earned wage access (EWA) platform, according to a Tuesday Malaysian bourse filing.

Under the arrangement, CTOS Data Systems will refer and promote Rams Fintech's "Pay Day Now" EWA program to employers and clients within its network, while Rams Fintech will onboard referred employers, operate the platform and pay commissions to CTOS Data Systems.

The companies will also explore broader strategic and data collaboration opportunities.

The company said the agreement is valid for two years, and is not expected to have an immediate material impact on the group's net assets, earnings or gearing.

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