FPX
Gain access to Malaysian shoppers with FPX
Financial Process Exchange (FPX) is a Malaysia-based payment method that allows customers to complete transactions online using their bank credentials. Bank Negara Malaysia (BNM), the Central Bank of Malaysia, and eleven other major Malaysian financial institutions are members of the PayNet Group, which owns and operates FPX.
FPX is one of the most popular online payment methods in Malaysia, with nearly 90 million transactions made in 2018 according to BNM.
18 supported banks: Affin Bank, Agrobank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, Bank Rakyat, Bank Simpanan Nasional, CIMB Bank, Hong Leong Bank, HSBC Bank, Kuwait Finance House, Maybank, OCBC, Public Bank, RHB Bank, Standard Chartered Bank and UOB.
Payment method properties
| Features | FPX |
|---|---|
| Payment type | Online Banking |
| Available for businesses registered in | HK, AU, SG, UK, EU |
| Activation time for onboarding | 15-20 business days |
| Shopper supported countries/regions | MY |
| Processing currencies | MYR |
| Settlement currencies | USD |
| Settlement schedule | T+3 business days, subject to reserve plans Settlements below 100.00 EUR may be delayed until the aggregate open settlements accumulate to 100.00 EUR. |
| Minimum transaction amount | 1.01 MYR |
| Maximum transaction amount* | 2,000 MYR, also subject to customer’s individual Internet Banking limit with the bank |
| Checkout session timeout | Subject to transaction approval from the consumer's bank |
| Recurring Payments | ⛔ |
| Refunds | ✅ within 180 days |
| Partial Refunds | ✅ within 180 days |
| Disputes (chargebacks) | ⛔ |
| Placing a hold (delayed/manual capture) | ⛔ |
| Descriptor (what the payer will see in their transaction history) | Your customer's statement will display one of "MOLPay", "MOLP", "MOLPay EC", "NetBuilder EC" |
| Payments for Platforms support | ✅ |
- For higher transaction limit, please contact sales for assistance.
Choose the integration method that best suits your needs
Airwallex has built a range of client-side integration methods that allow you to manage your UI, minimize your implementation effort, and allow you to get to market quickly.
| Online payments via your own website/app | Online payments via ecommerce plugins | Payment links & Invoice Integrations |
|---|---|---|
| ✅ Hosted Payment Page ✅ Drop-in Element ✅ Embedded Elements ✅ Mobile SDK ✅ Native API ⛔ Subscription APIs |
✅ Shopify ✅ WooCommerce ⛔ Shopline ⛔ ShopLazza ⛔ Magento |
✅ Payment Links ⛔ Xero Invoice |