Online payment and online banking have transformed the way shoppers shop, buy and pay: the way business owners conduct their business. In fact, online payment has revolutionized eCommerce and the banking industry. As more and more companies open their online stores, Malaysia’s e-commerce sector is rapidly expanding.
A payment gateway is a technology that enables merchants to accept debit or credit card purchases from their customers. Payment gateway are available in brick-and-mortar retail stores and virtual portals. Examples of payment gateway are iPay88, PayPal, Stripe and much more.
iPay88 is the leading online payment services provider for Southeast Asian merchants (Malaysia, Philippines, Thailand, Indonesia, Thailand, China, Singapore, etc). iPay88 processes all major credit cards, e-debit, e-money, and merchants can transfer their funds to local bank accounts. They offer two subscription plans: SME Plan and SOHO Plan and allow customers to pay in MYR. iPay88 is considered the biggest player and suitable for big marketplaces.
