KUALA LUMPUR | MOLPay has rolled out a new feature namely Easy Payment Scheme for its online merchants in Malaysia.
MOLPay Easy Payment Scheme aims to assist the merchants to sell more by helping online shoppers to convert a credit card transaction into an installment with tenure of 6 months, 12 months or any other tenure offered by the credit card company.
After the online shoppers has made a successfully transaction via MOLPay by using one of the twelve Malaysia’s credit card companies issued Visa and MasterCard credit card, they can convert the particular transaction into monthly installment and settle the payment with the card companies on monthly basis instead of one-time payment settlement. The supporting banks are:
- AEON Credit
- Affin Bank
- Bank Simpanan Nasional
- CIMB Bank / Direct Access
- Hong Leong Bank
- HSBC Bank
- MBF Card
- Public Bank
- RHB Bank
- Standard Chartered Bank
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 Clearing Corporation Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (Central bank of Malaysia) has appointed MOLPay as its first non-bank acquirer for its Financial Process Exchange (FPX) service for online merchants. For more info, please visit us at www.molpay.com.