MOLPay Introduces New Online Payment Solution

MOLPay has introduced a new online payment solution to help local micro-enterprises.

In a statement, the non-bank acquirer for Financial Process Exchange (FPX) in Malaysia said the solution, named MOLPay-FPX Plan, is operated via the FPX platform for the enterprises' online business transactions while providing low entry costs.

"With MOLPay-FPX Plan, micro-enterprises with online stores or e-commerce websites can accept FPX platform that allows shoppers to transfer their bank account funds to their respective FPX participating banks for any products or services purchased via the Internet.

"Currently, the FPX participating banks are Bank Islam, CIMB Bank, Hong Leong Bank, Maybank, Public Bank and RHB Bank," it said.

The newly launched MOLPay-FPX Plan is in addition to MOLPay's existing online payment solutions -- Premium Plan and Lite Plan -- which are also designed for merchants to accept comprehensive list of online payment options.