KUALA LUMPUR | MOLPay, a leading online payment solution provider in Southeast Asia, and Senheng Electric (KL) Sdn Bhd (Senheng), a Malaysia-based one stop electrical centre that sells electrical appliances and kitchen appliances today announced a strategic collaboration to introduce MOLPay Physical Payment service to online businesses in Malaysia.
Under the collaboration, MOLPay will add MOLPay Physical Payment service to its existing and new online merchant’s payment method as an alternative payment option apart from credit cards and online banking payment options, thus allowing online merchant’s customers to pay cash for online purchases at more than 130 outlets of Senheng / senQ across Malaysia.
Senheng is a well-known household brand name among Malaysians with more than 130 consumer electronics chain stores in Malaysia with two channels – SENHENG and senQ Digital Station – with each serving different groups of customers. senQ is the megastores established in big shopping malls and carries premium products that allows shoppers to touch, feel and test a wide range of the latest high-tech products in spacious and comfortable environment.
MOLPay Sdn. Bhd. is the first multi-currency payment gateway in Southeast Asia that accepts cash payments for online purchases, through physical outlets such as convenience stores and bookstores. It is simple to setup on any e-commerce store and also, convenient and secure for online buyers to use. MOLPay offers a wide range of e-commerce payment solutions - from online payment acceptance and processing to fraud management to payment security. MOLPay processes more than MYR1 billion transactions a year.
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 comply with the global data security standard - Payment Card Industry: Data Security Standard (PCI DSS) - 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.
In May 2012, Malaysian 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 Financial Process Exchange (FPX) service for online merchants. For more info, please visit us at www.molpay.com.
Senheng® Electric (KL) Sdn. Bhd. is one of the leading consumer electronics chain stores in the country. Senheng operates over 130 stores spread throughout Malaysia letting customers to reach them wherever they may be. They are committed to provide consumers with convenient and unique shopping experience, as well as, better value each and every time they shop at Senheng® stores. Here in Senheng®, they understand the trends and directions of their customers. Therefore, they always offer consumer the latest and the greatest products, all available in our stores. For more info, please visit www.senheng.com.my.