KUALA LUMPUR | MOLPay, the leading online payment solution provider in Southeast Asia is now the payment gateway forwww.ichoose.my, the domain mapping platform launched recently by MyNIC.
MyNIC and MOLPay
MyNIC, the sole administrator for web addresses that end with .my in Malaysia is a government agency under Ministry of Communications and Multimedia Malaysia (KKMM) and is regulated by Malaysian Communication and Multimedia Commission (MCMC). As the national level domain name, MYNIC provides Malaysian organization and individuals their unique brand identity on the Internet.
MOLPay Payment Gateway
Starting from 1st Dec 2013 ,www.ichoose.my uses MOLPay as their payment gateway while accepting payment from all major banks in Malaysia. The new payment facilities will help many website and blog owners to pay easily in securing domain name.www.ichoose.my allows them to connect their existing Blogspot, Wordpress or .com websites to .my domain name.
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. For more information, visit www.molpay.com
Sourced from Press Release MOLPay, Decemver 6th, 2013