KUALA LUMPUR | MOLPay, an online payment solution provider in Southeast Asia, has launched Secure 1-Click Payment solution which enables customers to complete mobile transactions in a single click. In compliance with the central bank regulations, One Time Password (OTP) authentication is set to follow-through if a credit card is 3D-enabled.
With the Secure 1-Click Payment, any return customers will be identified through their user profile with token, a secret key to store and retrieve customer’s credit card information from a secured vault. Therefore, no entry of credit card information is needed to authenticate the transaction.
MOLPay | The Payment Service Provider in Southeast Asia
MOLPay is a payment gateway in Southeast Asia that provides global credit card processing and alternative payments including online banking, physical cash payment at convenience stores, over the counter, kiosk, etc. MOLPay 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 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.