MOLPay is a leading payment gateway in Southeast Asia, provide complete coverage of payment methods, including credit/debit card, domestic internet banking with more than 100 banks in Southeast Asia, and Online to Offline (O2O) payment or known as MOLPay CASH. MOLPay CASH accepts cash payments for online purchases, through physical outlets such as convenience stores and petrol stations. MOLPay CASH has over 40, 000 physical payment points in Southeast Asia.
MOLPay offers a wide range of e-commerce payment solutions – from online payment acceptance and processing, fraud management and also payment security. MOLPay achieved one of the lowest dispute transaction ratio in the online payment industry.
Founded in 2005, MOLPay has received various recognitions such as Merit Award in the MSC Malaysia Asia Pacific ICT Awards 2008 and MEPS FPX Most Outstanding Merchant 2009. MOLPay services always comply with the highest global data security standard – Payment Card Industry: Data Security Standard (PCI DSS) Service Provider Level 1, and also, the Malaysian Payment System Act 2003.
In 2011, MOLPay became part of the MOL Global Group, one of the largest internet companies in Southeast Asia with offices in Malaysia, Singapore, Thailand, Indonesia, Philippines, India, and Australia/New Zealand. MOL processes more than MYR1 billion transactions a year.
In May 2012, Malaysian Electronic Clearing Corporation Sdn. Bhd. (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (Central bank of Malaysia) has appointed MOLPay as its non-bank acquirer for its FPX service for online merchants.
MOLPay Sdn Bhd is part of the MOL Global Group, one of Southeast Asia’s largest internet companies with offices in Malaysia, Singapore, Thailand, Philippines, Indonesia, Vietnam, Taiwan, Australia, New Zealand, Turkey, US and Brazil.
MOL processes more than 5,000,000 transactions per month
with a annualised payment volume of over USD$500 million.
MOL is linked to over 1.6 million physical payment channels across 80 countries and 88 online banks across 10 countries.
MOLPay is the first payment gateway in Southeast Asia enabling online purchases to be paid physically with cash at popular retail chains, outlets or via online using global credit cards, debit cards, charge cards, e-banking, and e-wallets.