MC Payment announced on Aug 11 that it planned to change its name to OxPay Financial, subject to an EGM on Sept 2. The new identity follows from the formation of the new board after an EGM on June 30 where Ching Chiat Kwong, chairman and CEO of Oxley Holdings became non-executive chairman of MC Payment.

”The proposed change of name will enable the company to create a new identity for itself in the market as the group grows its business, as well as allow the business community and the public to better identify with the company under this new name moving forward,” MC Payment said in an SGX filing.

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