Not all the time a merchant can bring a payment machine around as it is quite unportable and heavy. Thus, they had to limit themselves to do business anywhere other than their shop.

MOLPay creates a virtual terminal app which, called MOLPay VT which enable you to use it anywhere you want as long as you are connected to the internet. It completely holds the function of a payment processor, with additional payment options such as:

Credit or debit card

Online banking


Alipay Wallet

Advantages of using MOLPay VT

1. Easy to Setup

It only needs you to follow a few steps and no need to pay anything to set up. In addition, you don’t have to wait for a person to set it up for you as you can easily do it by yourself.

2. More Payment Options

You will have multiple channels to accept payment such as credit and debit cards, online banking, invoice and Alipay wallet.

3. Accept Payment Anywhere

Whenever you need to set up a booth or perhaps change your business location to somewhere else, you can just bring your phone with MOLPay VT installed to accept payment. By using a phone only, you can get to increase the rate of payment acceptance.

How to set up MOLPay VT?

1. Download MOLPay VT

2. Fill in the required details

3. Start Accepting Payment

STEP 1: Download MOLPay VT app

Simply search our “MOLPay VT” on Google Playstore and Apple App Store.
Download it to your mobile devices and wait shortly until it is installed to your phone. Worry not, MOLPay VT is compatible to most mobile devices. Additionally, this app is not limited to be downloaded in one phone only.

STEP 2: Insert the required information

A lengthy procedure kills a lot of time. In just one screen, you can finish up the registration by filling in some compulsory information such as Merchant ID, and your MOLPay VT is activated.

STEP 3: Start accepting payment

With the short process of activation, you can start accepting payment from credit and debit card users, online banking users, Alipay Wallet users and customers who prefer to pay later (invoice).

How Will Customer Pay through MOLPay VT?

1. Credit Card

MOLPay VT accepts card payment from VISA and Mastercard. Whether the customers bring their card or not, they can still pay. All they need to do is to have their card details in mind.

1. Key in the card details / Get the card scanned

2. Customer will receive a confirmation SMS with One-Time Password (OTP)

3. The customer gives the OTP to the merchant and the payment is done

  • Customers with card
  • Customers who bring their cards can pass the card to the merchant when they want to make a payment. The merchant will scan the card by using NFC and get the details directly from the card. The One-Time Password (OTP) will be sent to the customers through SMS and insert the OTP into the merchant’s phone. The amount will be deducted straight from the customer’s account.

  • Customers without card
  • Customers who didn’t bring their card can pay by giving the card details to the merchant. They only need to key in the card number, CVV and expiry date of the card. An SMS with one-time password (OTP) will be sent to the customer. Customer needs to insert the OTP into the app from the merchant’s phone and the payment process is completed.


    2. Online Banking

    1. Customer can choose to receive the payment details and link to the payment page

    2. Customer will receive a message and click on the link to go to the payment page

    3. The customer can pay with the preferred bank

    After confirming the purchase, the customers have to choose a medium whether e-mail, SMS or QR code to receive their payment detail and a link to the payment page. The customers have to click on the link and it will direct them to a payment page to proceed with the payment in their selected bank such as Maybank2u, CIMBClicks or others.


    3. Alipay

    1. Customer shows Alipay QR Code to the merchant

    2. The merchant will scan the QR Code

    3. The amount will be deducted from the wallet

    Alipay wallet is the latest payment channel that the merchants can provide. The customer only need to tell the merchants that they want to pay with Alipay. Merchant will scan the QR code by using the phone camera and the amount will be deducted from the wallet.


    4. Invoicing

    By providing invoices as a payment alternative, the customers will have the option to pay later. They will receive the automated invoice through e-mail, SMS or QR Code, based on what medium they prefer. The invoice will give complete details and a link to the payment page. After receiving the invoice, the customer can proceed with the payment with the preferred method of payment.


    To find out more about payment gateway for your business, contact MOLPay. We are very happy to assist you.