Overview
Setel is a payment provider and merchant acquirer in Malaysia. It accepts payments by bank card and by the e-wallets Malaysian shoppers favour.
Payment methods
- Bank cards
- E-wallets
Wallets have taken a large share of everyday purchases from cash in Malaysia, so supporting both lets a merchant keep customers who do not carry a card.
Acquiring
As a merchant acquirer, the provider processes payments and settles revenue to the seller. The merchant deals with one partner from authorisation to payout, which simplifies reconciliation and dispute handling.
Who it suits
- Retail and services in Malaysia
- Businesses with a high flow of small purchases where checkout speed matters
- Companies adding wallets to existing card acceptance
Legal entity
The operator is Setel Ventures Sdn Bhd.
What to clarify
Pricing, settlement times and the onboarding format are not published. When requesting an offer, ask which wallets are supported and whether fees differ between cards and wallets.
Links and socials
What they do
Work formats
Geography · 1
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