Payment providers in Malaysia
Payment providers in Malaysia: PSPs, payment gateways and aggregators for pay-ins and payouts — local methods, rates and onboarding terms. Listings: 76.
Fasspay
Fasspay is a merchant acquiring company and PSP in Malaysia. It connects merchants to customer payments and operates through the Malaysian legal entity Fass…
Finexus
Finexus is a merchant acquiring and payment services (PSP) company operating in Malaysia. Its legal entity is FINEXUS Cards Sdn Bhd. What merchant acquiring…
Fiuu
Fiuu is a payment gateway and merchant acquirer for online and in-store sales in Southeast and East Asia. Its legal entity is Razer Merchant Services Sdn Bhd…
Fondy
Fondy is a payment service provider founded in 2016. It accepts international card payments, serves marketplaces and can split payouts between several parties…
Gkash
Gkash is a Malaysian merchant acquiring provider that accepts payments online and at the point of sale. With unified DuitNow QR the customer pays from any bank…
GrabPay
GrabPay is a payment system that has operated since 2012 in eight Southeast Asian countries. It is part of the Grab ecosystem, operated by Grab Holdings…
Hong Leong Bank
Hong Leong Bank is a Malaysian bank, operating as Hong Leong Bank Berhad, that provides merchant acquiring and business accounts to companies in Malaysia…
iWallet
iWallet is a payment system with an e-wallet, operating since 2000. The operator is iWallet Inc., a US company based in San Francisco. The service combines…
Jeton Wallet
Jeton Wallet is a payment system with an e-wallet and virtual cards, founded in 2018. The service accepts top-ups from major card schemes and crypto wallets…
Kiplepay
Kiplepay is a merchant acquiring provider and PSP in Malaysia. The company is on the list of non-bank merchant acquirers kept by Bank Negara Malaysia, the…
Ksher
Ksher is a cross-border payments provider operating in Southeast Asia and Hong Kong. The company helps businesses accept and route payments between countries…
ManagePay
ManagePay is a merchant acquiring and payment services provider in Malaysia. It helps businesses accept payments from customers and receive the funds into…
Maybank
Maybank, operated by Malayan Banking Berhad, is a Malaysian bank offering merchant acquiring together with business bank accounts. Its Malaysian acceptance…
Merchantrade
Merchantrade is an e-wallet and business payment service in Malaysia. It operates through a local legal entity and focuses on the Malaysian market. What a…
Mobi
Mobi is a payment gateway operating in Malaysia. The company appears in the financial service provider directory of the country's central bank, Bank Negara…
MobilityOne
MobilityOne is a merchant acquiring company and payment provider in Malaysia. It is listed in the financial service provider directory of Bank Negara Malaysia…
MoneyMatch
MoneyMatch is a cross-border payments service from Malaysia. It handles transfers between Malaysia and other countries. Why cross-border payments matter For…
MuchBetter
MuchBetter is an e-wallet that has been running since 2016. Users top up a balance and spend it at merchant checkouts that support this payment option, which…
Services in Malaysia
Payment providers by country
Subsections
Payment service providers in Malaysia
Malaysia's online checkout is a mix of bank redirects, QR and super-app wallets, with cards strongest among urban shoppers. This page lists {count} payment gateways and payin payout providers that accept Malaysian ringgit (MYR) or serve Malaysian merchants.
Local payment methods in Malaysia
- FPX: real-time online banking payments from all major Malaysian banks — a must-have for e-commerce and bill payments.
- DuitNow: national instant transfers by phone, ID or account number, and DuitNow QR accepted across banks and wallets.
- E-wallets: Touch 'n Go eWallet, GrabPay, Boost, ShopeePay.
- Cards: Visa, Mastercard and MyDebit; BNPL is growing for retail.
Regulation
Payment systems, e-money issuers and merchant acquirers are regulated by Bank Negara Malaysia (BNM) under the Financial Services Act; registered merchant acquirers must be approved by BNM. Digital asset exchanges fall under the Securities Commission. Most forms of gambling are restricted for Muslims and online gambling is largely prohibited, which limits local acquiring for gaming.
Verticals and cross-border
Malaysia is often bundled into SEA coverage alongside Thailand, Indonesia and the Philippines. Cross-border e-commerce, education, travel and SaaS are typical; high-risk merchants (forex, gaming) usually look for offshore structures and alternative pay-in. See high-risk merchants and cross-border.
How to choose a Malaysian PSP
- FPX bank coverage and success rates, DuitNow QR support
- Which wallets are live, and wallet refund rules
- Settlement in MYR vs USD, settlement timing
- Payouts to bank accounts via DuitNow / IBG
Related: banks in Malaysia, tech providers, legal, liquidity. Compare offers or post a request.