KUALA LUMPUR | MOLPay launches Malaysia’s first-ever payment gateway loyalty programme by partnering with BCARD. Payment Service Provider MOLPay announced that the company has linked all its merchants and their customers with BCARD reward programme which allows online buyers to collect BPoints and at the same time help merchants to grow their businesses and sales revenue. All MOLPay merchants are eligible to join this loyalty programme without having to pay a penny.
BCARD is Malaysia's premier lifestyle and brand-focused multi-partners loyalty programme. BCARD’s membership is free. Members collect BPoints when they spend at any of the participating outlets nationwide. With over 800,000 members and 20,000 new members every month, BCARD records the fastest growing consumer loyalty programme in Malaysia.
Help Merchants' Acquire New Customers
The partnership will provide MOLPay merchants an opportunity to work closely with BCARD and MOLPay to promote Malaysian merchants’ offers and deals to BCARD’s members using e-newsletter and e-campaign. It gives an opportunity for merchants to acquire new customers and help to increase customer retention rate. There are no costly investments in customer loyalty programmes, MOLPay and BCARD’s loyalty programme is totally free of charge for both merchants and buyers.
MOLPay is the first multi-currency payment service provider 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 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 Financial Process Exchange (FPX) service for online merchants. For more information, visit www.molpay.com