Fiuu review in Malaysia: Pricing, features & payouts (2026)

Key Takeaways:

• Fiuu is Malaysia's largest payment gateway by transaction volume, with 110+ payment methods and strong domestic coverage, but it no longer publishes pricing or settlement terms on its website.¹

• Fiuu works best for merchants focused on domestic Malaysian payments. If your business handles cross-border transactions, its settlement currency and terms aren't publicly disclosed, so confirm these directly before signing up.

• Airwallex publishes its pricing upfront, with no setup or annual fees, and offers like-for-like settlement in up to 12 currencies.

If you're searching for a Fiuu review, you're likely trying to work out whether Malaysia's largest payment gateway is the right fit for your business.

Fiuu has been operating since 2005 and became part of Razer Inc. in 2018, when it was known as Razer Merchant Services¹. It has since rebranded to Fiuu while remaining one of Southeast Asia's most established payment providers.

This review breaks down Fiuu's features, security credentials, and settlement process. It's also upfront about where pricing and settlement details aren't publicly available, so you know exactly what to confirm before signing up.

What is Fiuu?

Fiuu is a Southeast Asian payment gateway that has been operating since 2005¹. It supports more than 110 payment methods across eight markets: Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, Taiwan, and Hong Kong¹.

The company has changed names twice. It started as MOLPay, became Razer Merchant Services after joining Razer Inc. in 2018, then rebranded to Fiuu while staying part of the Razer group⁵.

Fiuu serves more than 70,000 merchants across sectors including retail, food and beverage, logistics, and government services³. In 2025, it processed US$13 billion in total payment volume across the region, up 32.65% from the year before, and handled more than 960 million transactions⁴.

Fiuu pricing and fees

Fiuu doesn't publish its transaction fees, setup costs, or annual fees on its website. If you want a quote, you need to register through the Fiuu Booster portal or contact its sales team directly.

Fiuu settlement and payouts

Like its pricing, Fiuu doesn't publish its settlement schedule, minimum settlement amount, or settlement currency on its website.

What this means for you

You'll need to confirm settlement terms directly with Fiuu during onboarding, ideally before you sign up. Ask specifically about:

• Payout frequency: How often Fiuu pays out (daily, weekly, or another schedule) isn't stated publicly, so confirm this with your account manager and get it in writing.

• Settlement currency: Fiuu operates across eight markets, including Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, Taiwan, and Hong Kong¹. Whether it settles in your local currency only, or offers multi-currency settlement, isn't disclosed publicly, and this matters if you sell internationally and want to avoid unnecessary conversion costs.

• Fees on settlement: Whether Fiuu charges any additional fees on top of settlement — such as transfer fees or tax — isn't stated on its public pages. Ask about this directly during onboarding so there are no surprises on your first payout.

Fiuu features and payment methods

Fiuu's core strength is breadth. It supports more than 110 payment methods through a single integration, spanning cards, e-wallets, QR payments, buy now pay later, cash, and cryptocurrency¹.

Payment methods in Malaysia

For Malaysian merchants, Fiuu covers six payment categories¹:

• Card schemes, with direct acquiring licences for Visa, Mastercard, UnionPay, and Discover²

• Internet banking, including FPX through PayNet integration²

• E-wallet and QR payments

• Cash payments through Fiuu Cash

• Buy now, pay later

• Cryptocurrency

Fiuu Cash lets customers who don't have a card or e-wallet pay for online purchases in cash at more than 2,000 7-Eleven outlets across Malaysia⁷. This is a genuine differentiator if part of your customer base is unbanked or prefers cash.

Integration and developer tools

Fiuu offers six integration methods to suit different technical setups⁷, including:

• A hosted payment page, which Fiuu describes as best suited to entrepreneurs or freelancers with limited technical knowledge

• A virtual terminal for manual card entry

• Tokenization for storing card data securely

• Marketplace payment splitting

• Recurring billing and instalment payment support²

Fiuu confirms Shopify support, and states its streamlined checkout has reduced cart abandonment by 46.3% for merchants using it⁷. If you're on Shopify specifically, note that integrating through the Shopify Payment App adds a 0.25% surcharge on top of your negotiated transaction rate.⁷

In-person and offline payments

Beyond online checkout, Fiuu also supports in-person payment solutions, including bill payment, gift cards, reloads, and physical payment terminals². This matters if your business operates both online and offline and wants one provider handling both, rather than stitching together separate online and in-store systems.

Fiuu security and compliance

Fiuu holds certifications that matter if you're handling customer payment data at scale. It's PCI DSS Service Provider Level 1 certified and ISO 27001:2022 certified for information security management¹.

In Malaysia, Fiuu operates under the Financial Services Act 2013¹.

Fraud monitoring and data protection

Fiuu runs an in-house AI-driven transaction monitoring system that analyses more than one million transactions daily to flag fraud³. It also offers tokenization, which replaces sensitive card data with unique identifiers so the original data isn't stored or exposed during processing⁷.

Fiuu states it has achieved one of the lowest dispute transaction ratios in the online payment industry¹, though it doesn't publish the specific figure.

What this means if you're evaluating Fiuu

These certifications and safeguards are standard requirements for any serious payment gateway, and Fiuu meets them. If you're comparing providers, ask each one directly for their current PCI DSS compliance level and how they handle tokenization, since certification levels and renewal dates can change over time.

Why Malaysian businesses choose Airwallex over Fiuu

Fiuu works well if your business processes mainly domestic Malaysian payments. For a merchant selling only to Malaysian customers and paying only Malaysian suppliers, that coverage may be enough.

But most Malaysian businesses need more than a way to accept payments. You may also need to pay an overseas supplier, hold a balance in a foreign currency, or issue cards to a team spread across markets.

Fiuu, based on what it describes on its website, is built for accepting payments from customers: it doesn't offer supplier payments, multi-currency account holding, or card issuing as part of its product lineup. If your business needs those functions too, you'd be managing them through a separate provider alongside Fiuu.

That's where Airwallex comes in. With Airwallex, you can:

• Get paid in your customer's currency, not just MYR. Like-for-like settlement lets you accept and hold funds in the currency your customer pays in, instead of an automatic conversion to MYR. This helps you save on FX fees if you also need to pay a supplier in that same currency later.

• Hold and convert multiple currencies from one account. Global Accounts let you receive funds like a local business in multiple markets, without opening separate bank accounts in each country.

• Pay overseas suppliers without the SWIFT wait. 94% of Airwallex Transfers route through local payment rails, with no SWIFT fees and faster settlement. 93% of our transfers arrive on the same day, and 45% arrive immediately.

• Issue cards to your team across markets. Corporate Cards draw directly from your held currency balances, with spending limits and approvals managed from one dashboard, so employee purchases abroad don't trigger foreign transaction fees.

If your business is Malaysia-only today but expects to sell, pay, or hire beyond its borders, Airwallex is built to handle that from day one, rather than requiring you to add a second provider once you outgrow domestic-only processing.

Frequently asked questions (FAQs)

Is Fiuu the same as Razer Merchant Services or MOLPay?

Yes. Fiuu launched as MOLPay in 2005, became Razer Merchant Services when it joined Razer Inc. in 2018, and later rebranded to Fiuu while staying part of the Razer group¹. If you see either name on a contract or invoice, it refers to the same company.

Is Fiuu safe and legitimate for Malaysian businesses?

Yes. Fiuu is regulated under Malaysia's Financial Services Act 2013, holds PCI DSS Service Provider Level 1 certification, and is ISO 27001:2022 certified for information security management¹. These are common security certifications and controls that businesses often consider when evaluating a payment gateway.

Does Fiuu publish its pricing online?

No. Fiuu's dedicated pricing page returns a "page not found" error, and none of its other public pages list specific transaction rates. You'll need to register through the Fiuu Booster portal or contact its sales team directly for a quote.

Can Fiuu process international or cross-border payments?

Fiuu supports international card schemes, but doesn't publicly disclose its settlement currency or FX conversion margins, so you can't calculate the true cost of an international transaction upfront. If cross-border payments are a core part of your business, look for a provider that publishes this information — Airwallex, for example, gives you like-for-like settlement in up to 12 currencies without forcing a conversion to ringgit.

How do I sign up for Fiuu?

You register through the Fiuu Booster portal, where you provide your business details, processing currency, and expected transaction volume. Fiuu says applications are reviewed as soon as they're received and you should hear from a representative within 24 hours, though credit card channel approval can take around a month.⁶

What are some alternatives to Fiuu in Malaysia?

Other payment gateways available in Malaysia include Airwallex, Curlec, Stripe, HitPay, Billplz, SenangPay, and PayPal, each with different strengths around fees and settlement speed. Airwallex is a particularly good fit if you need multi-currency settlement alongside payment acceptance.

Sources:

1. https://fiuu.com/about-us/

2.  https://fiuu.com/payment-channels

3. https://fiuu.com/blog/detail/fiuu-achieves-two-national-records-in-malaysia-cementing-role-as-key-digital-payment-provider-for-asean

4. https://fiuu.com/newsroom/detail/fiuu-hits-us13-billion-in-payment-volume-amid-southeast-asia-expansion

5. https://fiuu.com/blog/detail/razers-fintech-arm-rebrands-as-fiuu-aiming-to-power-future-payments

6.  https://booster.fiuu.com

7.  https://fiuu.com/faq/