Besides offering an e-payment platform that includes major debit/credit cards and local payment methods such as PayNow, the website built by MC Payment includes a built-in calculator to enable the quick calculation of Zakat Harta and allows for auto-filing to Inland Revenue Authority of Singapore (IRAS) for entitled tax relief.
MC Payment will be launching a payment platform for Mosque-Madrasah-Wakaf Shared Services (MMWSS), a subsidiary of Majlis Ugama Islam Singapura (MUIS), also known as the Islamic Religious Council of Singapore, on March 31. The platform, which will be managed by MC Payment, follows the award of payment contracts from MUIS to the group in 2020.
The platform will go live in time to process zakat (religious contribution) payments during the month of Ramadan, which begins on April 13, by Singapore’s Muslim population of around 800,000.
