8 best Stripe alternatives in Malaysia (2026)

Key Takeaways:

• Stripe works in Malaysia, but it does not support DuitNow QR, which is one of the most widely used payment methods among Malaysian consumers.

• The right Stripe alternative depends on what your business actually needs: SMEs focused on FPX and e-wallets will find what they need in local-first gateways, while businesses with cross-border volumes or international suppliers need a different kind of platform entirely.

• Airwallex offers payment acceptance, multi-currency accounts, international transfers, and corporate cards in one place, with no setup fees and no monthly charges.

If you’re looking for the best Stripe alternatives in Malaysia, you’re in the right place.

This guide compares eight Stripe alternatives available in Malaysia, from established local gateways to full financial platforms.

Each provider has been evaluated on payment method coverage, fees, cross-border capability, and overall fit for different business types.

Why businesses in Malaysia look for Stripe alternatives

Stripe is a well-built platform with strong developer tools, global reach, and clean documentation. But for businesses operating primarily in Malaysia, there are some practical gaps worth knowing about:

• Stripe does not support DuitNow QR, which is one of the most widely used payment methods for Malaysian consumers. A checkout without it will see lower conversion among local buyers.

• Stripe's standard rate in Malaysia is also 3% + RM1.00¹ per successful card or FPX transaction, with an additional 1% for international cards and a further 2% when currency conversion is required.¹ These rates are higher than several other providers on this list; see the comparison table below for a full breakdown.

• Stripe is primarily designed for accepting and processing payments. While it has expanded into additional financial products, some capabilities are available only in supported markets or through specific Stripe products rather than as part of its standard payment gateway offering.

Information in this section is based on Stripe’s official website as of 5 Aug 2026.

8 best Stripe alternatives in Malaysia

Each provider below has been evaluated on payment method coverage, fees, multi-currency capability, and fit for different business types.

As a quick guide: if you sell primarily to Malaysian customers, local gateways like Billplz, HitPay, or SenangPay are built for that. If you have cross-border volumes, international suppliers, or multi-currency needs, Airwallex is built for that.

Here's a quick overview:

This information is based on publicly available information accessed on 5 Aug 2026. Information reflects Airwallex's own research and has not been independently verified.

Note: Adyen does not publish Malaysia-specific pricing. The rate shown is based on pricing published on Adyen's global website.

1. Airwallex

Airwallex is built for Malaysian businesses that need more than a payment gateway. It combines payment acceptance with multi-currency accounts, international transfers, and corporate cards in one platform, so you can replace several tools with one.

On the payments side, it covers the full range of Malaysian payment methods, including FPX, DuitNow QR, GrabPay, and 160+ local payment methods globally.

For businesses that also deal in foreign currencies (whether you’re collecting from international customers or paying overseas suppliers), Airwallex handles that within the same account.

Features:

• 160+ local payment methods across 180 countries

• Like-for-like settlement in up to 12 currencies

• Global Accounts to receive funds internationally without setting up foreign entities

• International transfers to 200+ countries 

• Corporate cards with no international transaction fees when spending from held balances

The information in this table has been reviewed to be accurate as of 5 August 2026.

2. Billplz

Billplz is built for businesses that process a high volume of FPX transactions and want the lowest possible cost per bank transfer. Its flat per-transaction FPX fee makes it increasingly cost-effective as transaction values grow.

It's widely used by schools, NGOs, property managers, and B2B service businesses that collect primarily via bank transfer. It's a good fit if FPX is your dominant payment method and you want predictable, flat-rate pricing.

Features:²

• Flat-rate FPX B2C and DuitNow Transfer fees with next-business-day payouts

• Card acceptance via Visa and Mastercard

• DuitNow QR, Touch 'n Go, GrabPay, and Boost e-wallet support

• BNPL via GrabPay PayLater and Atome

• Full API access and 30+ platform integrations including Shopify and WooCommerce

Information in this section is based on Billplz’s official website as of 5 August 2026.

3. HitPay

HitPay is a strong all-in-one option for Malaysian SMEs that need both online and in-person payment acceptance without a monthly fee. It covers the full range of local payment methods out of the box, and its Tap to Pay on Android feature lets you accept in-person payments from a phone with no card terminal required.

It's well suited to small businesses that want broad local payment coverage, eCommerce integrations, and a simple setup. Note that some features (including payment links, invoicing, and the Shopify integration) carry a small add-on fee on top of the standard transaction rate.

Features:³

• FPX, DuitNow QR, Touch 'n Go, GrabPay, ShopeePay, and more

• Tap to Pay on Android — no terminal needed for in-person payments

• Card terminal available for in-person acceptance

• Recurring payments and subscription billing built in

• Wide eCommerce platform integrations including Shopify, WooCommerce, and Xero

Information in this section is based on HitPay’s official website as of 5 August 2026.

4. Adaptis (iPay88 / eGHL)

Adaptis is the eCommerce payment brand of NTT DATA Payment Services, combining what was previously offered under the iPay88 and eGHL brands.

It's a strong fit for established Malaysian businesses and enterprise clients that need deep local bank connectivity, installment payment plans, and omnichannel support across Malaysia, Thailand, and the Philippines.

Pricing is not published online, so you'll need to contact their sales team for a quote.

Features:⁴

• FPX, e-wallets, cards, and cross-border payment acceptance

• Card instalment plans and BNPL support

• Omnichannel coverage across online and in-store

• Deep local bank connectivity across Malaysia, Thailand, and the Philippines

• Strong track record with enterprise and government-linked clients

• API integration and eCommerce platform plugins

Information in this section is based on Adaptis’s official website as of 5 August 2026.

5. Fiuu (formerly Razer Merchant Services)

Fiuu has been operating in Southeast Asia since 2005 and offers one of the widest payment method networks in the region.

Its standout feature is Fiuu Cash, which allows customers to pay in cash at 7-Eleven and Speedmart outlets: a unique option in the Malaysian market that's useful for reaching unbanked or cash-preferred customers.

Pricing is not published online, so you'll need to contact Fiuu directly to get a quote.

Features:⁵

• 110+ payment methods including FPX, DuitNow QR, e-wallets, and BNPL

• Fiuu Cash: in-store cash payments at 7-Eleven and Speedmart outlets

• Alipay+ support for cross-border payments

• Tokenisation, recurring payments, and marketplace payouts

• Cross-border coverage across Southeast Asia

• 20+ years operating in the payments industry

Information in this section is based on Fiuu’s official website as of 5 August 2026.

6. SenangPay

SenangPay is a good entry-level option for micro-merchants, social sellers, and small businesses in Malaysia that need straightforward FPX and e-wallet acceptance at an affordable annual subscription.

It's designed for quick onboarding: FPX and e-wallet payments can be activated instantly, with no website required. Card acceptance, BNPL, and more advanced features are available on the Advance plan.

Features:⁶

• FPX, e-wallets, and BNPL via Starter plan; cards added on Advance plan

• Instant approval for FPX and e-wallet payments

• Payment forms for selling without a website

• Shopify and WooCommerce integrations

• Recurring payments and tokenisation on Advance plan

Information in this section is based on SenangPay’s official website as of 5 August 2026.

7. PayPal

PayPal is familiar to international buyers and remains a practical option for businesses that sell primarily to customers outside Malaysia. It's accepted in 200+ countries and recognised globally, which can reduce friction at checkout for international buyers.

However, it does not support FPX, DuitNow QR, or Malaysian e-wallets. Its domestic transaction rate is the highest on this list, and additional currency conversion fees apply on top.

Features:⁷

• Accepted in 200+ countries

• Multi-currency support for international transactions

• No setup fee, no monthly fee

• Easy self-serve onboarding

• Buyer trust and brand recognition with international customers

Information in this section is based on PayPal’s official website as of 5 August 2026.

8. Adyen

Adyen is an enterprise-grade payments platform suited to large businesses with significant transaction volumes and omnichannel operations.

Its Interchange++ pricing model gives full cost transparency at a transaction level: you see exactly what the card network charges, what the card issuer charges, and what Adyen charges separately.

A minimum monthly invoice applies, which makes it less practical for smaller businesses.

Features:⁸

• FPX, DuitNow QR, cards, and omnichannel payment acceptance

• Interchange++ pricing for full cost transparency

• Multi-currency settlement

• Single platform for online, in-store, and mobile payments

• No setup fees or monthly fees (minimum invoice threshold applies)

• Strong fraud and risk management tools

Information in this section is based on Adyen’s official website as of 5 August 2026.

Why Malaysian businesses choose Airwallex over Stripe

Airwallex combines payment acceptance with multi-currency accounts, international transfers, and corporate cards on the same platform, while also publishing lower standard pricing across several common payment scenarios for Malaysian businesses:

• Domestic cards: 1.90% + RM0.50 vs Stripe's 3% + RM1.00

• Local payment methods (FPX, DuitNow): from 1.4% + RM0.50 vs Stripe's 3% + RM1.00¹

• Currency conversion: 0.4% to 0.6% above interbank vs Stripe's flat 2% FX fee¹

Frequently asked questions (FAQs)

Does Stripe support FPX and DuitNow QR in Malaysia?

Stripe supports FPX in Malaysia at a rate of 3% + RM1.00¹ per transaction. However, it does not support DuitNow QR. Both FPX and DuitNow QR are among the most widely used payment methods by Malaysian consumers, so businesses focused on local sales may find that local gateways like Billplz, HitPay, or Adaptis offer better coverage and lower FPX rates.

Do I need to use a registered payment gateway in Malaysia?

No. As a merchant, you don't need a separate regulatory licence to accept payments. However, the payment gateway you use must be regulated by BNM or operate as a registered merchant acquirer under the Financial Services Act 2013. Before signing up with any provider, verify their regulatory status on Malaysia's financial services register.

Can I use more than one payment gateway in Malaysia?

Yes. Many Malaysian businesses use a primary gateway for local payment methods like FPX and e-wallets, and a second provider for international card payments or cross-border transactions. If managing multiple providers adds too much complexity, platforms like Airwallex consolidate local and international payment acceptance, multi-currency accounts, and transfers into a single dashboard.

What is FPX and why does it matter for Malaysian businesses?

Financial Process Exchange (FPX) is Malaysia's real-time online banking payment system, managed by Payments Network Malaysia (PayNet) and regulated by Bank Negara Malaysia. It lets customers pay directly from their bank account at checkout without a card. FPX is one of the most commonly used payment methods for online purchases in Malaysia — a checkout without it will typically see lower conversion rates among local buyers.

What payment methods do Malaysian consumers use most?

FPX (Financial Process Exchange) and DuitNow QR are the two dominant payment methods for online purchases in Malaysia. FPX lets customers pay directly from their bank account at checkout, while DuitNow QR is increasingly used for both in-person and online payments via mobile banking apps. Beyond these, consumers also use credit and debit cards and e-wallets, including Touch 'n Go eWallet, GrabPay, and ShopeePay.

How quickly do Malaysian payment gateways settle funds?

Settlement timelines vary by provider and payment method. FPX payouts typically settle within one to two business days — Billplz offers next-business-day FPX payouts. Card payouts generally settle in T+2 to T+3 business days. HitPay settles non-card payments in T+2 and card payments from T+3.³ If cash flow is a priority, check the settlement schedule for each payment method before choosing a provider.

Sources:

1. stripe.com/en-my/pricing

2. billplz.com/pricing

3. hitpayapp.com/my/pricing

4. https://www.nttdatapay.com/en/our-business/adaptis

5. fiuu.com 

6. senangpay.com/pricing

7. https://www.paypal.com/my/business/paypal-business-fees

8. adyen.com/pricing