Payment Providers in Malaysia
Malaysia combines DuitNow QR (national QR standard), FPX bank transfers and cards. FPX is particularly important — it's a real-time bank-to-bank transfer used widely for online checkout. E-wallets like Touch 'n Go and GrabPay are also significant. The market is BNM-regulated with clear rules.
Key payment methods in Malaysia
The local rails merchants must support to convert Malaysia customers.
Providers supporting Malaysia
About payments in Malaysia
What is FPX?
FPX (Financial Process Exchange) is Malaysia's real-time bank-to-bank online payment system. It lets customers pay merchants from their bank account in real time during e-commerce checkout. Adoption is high (~70% of Malaysian banking users) and fees are low (~1-1.5%).
What's DuitNow QR?
DuitNow QR is Malaysia's unified QR payment standard set by Bank Negara Malaysia. A single QR code is accepted by all major Malaysian wallets and bank apps, simplifying merchant integration vs maintaining separate codes for each wallet.