7 best Fiuu alternatives in Malaysia (2026 guide)
Cherie Foo
Growth Content Manager
Key Takeaways:
Fiuu is a strong domestic payment gateway, but its setup fees, weekly settlement, and undisclosed FX margins lead many Malaysian businesses to explore alternatives.
The best Fiuu alternative depends on your priorities — whether that's lower fees, faster settlement, cross-border capabilities, or simpler onboarding.
Airwallex stands out for businesses with any cross-border needs, offering 160+ payment methods, like-for-like settlement in 20+ currencies, and no setup or annual fees.
If you're looking for Fiuu alternatives, you're probably running into one of the platform's common pain points: setup fees, slow settlement, or a lack of pricing transparency.
Fiuu remains Malaysia’s largest payment gateway by transaction volume, with strong domestic coverage and a long-standing presence in the market. But as businesses scale, these limitations can become more noticeable.
In this guide, we’ll break down seven payment gateway alternatives available in Malaysia — comparing fees, features, settlement speed, and cross-border capabilities — so you can find the best fit for your business.
Why look for a Fiuu alternative?
Before diving into specific providers, here's a quick summary of the main reasons businesses switch away from Fiuu. (For the full breakdown, see our Fiuu review.)
Setup and annual fees. Fiuu charges RM400–RM499 (+ SST) upfront and up to RM499 (+ SST) per year. Many modern gateways charge neither.
Weekly settlement. Transactions settle once a week, on Thursdays. That can mean waiting up to 10 days for funds from a Monday transaction — a real issue if cash flow is tight.
No public pricing. Fiuu no longer publishes its pricing on its website. You need to contact sales or rely on partner platforms to get indicative rates.
FX margins not disclosed. If you accept international payments, Fiuu converts everything to MYR before settling — but doesn't share what FX margin it applies.
MYR-only settlement. There's no option to hold or settle in other currencies, which means forced conversions on every cross-border transaction.
Limited entry-level plan. The Lite plan doesn't support credit cards, debit cards, or e-wallets — the payment methods most Malaysian shoppers use online.
If any of these are deal-breakers for your business, the alternatives below are worth considering.
7 best Fiuu alternatives in Malaysia
Here's how the main alternatives stack up across fees, settlement, and cross-border support.
We’ll start with a quick overview, before going into the individual providers:
Provider | Setup fee | Annual fee | Domestic cards | FPX | E-wallets | Settlement | Multi-currency settlement |
|---|---|---|---|---|---|---|---|
Airwallex | None | None | From 1.9% + RM0.50 | From 1.4% + RM0.50 | From 1.4% + RM0.50 | A few business days |
|
Stripe | None | None | 3% + RM1 | 3% + RM1 | 3% (GrabPay) | 7 days |
|
Adaptis | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
HitPay | None | None | 1.2% + RM1 | 1.8% + RM0.40 | From 1.9% (TnG) | T+2 (non-card) |
|
SenangPay | None | From RM199 | 2.5% (min RM0.65) | 1.5% (min RM1) | 1.5% (min RM0.65) | Not disclosed |
|
Billplz (Basic) | None | Free | 1.8% | RM1.25 | 1.5% | Next business day (FPX) |
|
PayPal | None | None | 3.9% + RM2 | N/A | N/A | Withdrawal-based |
|
The information in this table has been reviewed to be accurate as of 15 April 2026.
1. Airwallex
Airwallex solves the exact problems that drive businesses away from Fiuu. It has no setup fees. No annual fees. And full transparency on FX, so you don’t get hidden conversion margins eating into your revenue.
Where Fiuu forces every transaction into MYR, Airwallex lets you collect and settle in the same currency across 20+ markets. Domestic card rates start from 1.9% + RM0.50 and local payment methods from 1.4% + RM0.50, with Shopify, WooCommerce, and Magento plugins included at no extra surcharge.
Airwallex is also more than a payment gateway. You get Global Accounts for multi-currency balances, Transfers for international payouts at interbank-level FX rates, and Corporate Cards for team spending — all from one platform.
Pros | Cons |
|---|---|
No setup, annual, or hidden FX fees | No cash-over-counter option (unlike Fiuu Cash) |
Like-for-like settlement in 20+ currencies | |
Full platform: Global Accounts, Transfers, Cards | |
Shopify, WooCommerce, Magento plugins |
The information in this table has been reviewed to be accurate as of 15 April 2026.
2. Stripe
Stripe is a global payments platform known for its developer tools, detailed documentation, and wide currency support. It operates in 195 countries and supports 135+ currencies.¹
In Malaysia, Stripe charges a flat 3% + RM1 for domestic card transactions and FPX. GrabPay is available at 3%. Other Malaysian e-wallets like Touch 'n Go, Boost, and ShopeePay are not natively supported. There are no setup or monthly fees.
International cards carry an additional 1% surcharge, and currency conversions add another 2%. Standard payouts in Malaysia take around 7 days.
Pros | Cons |
|---|---|
No setup or monthly fees | 3% + RM1 for FPX — far above local gateways |
135+ currencies and global reach | Limited Malaysian e-wallet support |
Industry-leading developer tools and API | 7-day settlement in Malaysia |
Strong subscription and recurring billing tools | +2% FX conversion surcharge on top of base rate |
Extensive documentation and pre-built integrations | No DuitNow QR support |
The information in this table has been reviewed to be accurate as of 15 April 2026.
3. Adaptis (formerly iPay88 and eGHL)
Adaptis was formed from the merger of iPay88 and eGHL: two of Malaysia's longest-running payment providers. The combined platform offers omnichannel payment acceptance across online, in-store, and mobile channels.
Adaptis supports FPX, DuitNow QR, major Malaysian e-wallets, credit and debit cards, and BNPL options. It also offers in-store POS terminals and bank installment plans. The platform operates across Malaysia, Thailand, and the Philippines.
Adaptis does not publish pricing on its website. You'll need to contact their sales team for a quote.
Pros | Cons |
|---|---|
Omnichannel: online, in-store, and mobile | Pricing not publicly disclosed |
Wide local payment method coverage | No self-signup — must go through sales |
Bank instalment plans and BNPL | Limited to MY, TH, and PH |
Legacy of iPay88 and eGHL — established trust | No multi-currency settlement |
POS terminal options for physical retail | Integration setup can be slower than newer platforms |
The information in this table has been reviewed to be accurate as of 15 April 2026.
4. HitPay
HitPay is an SME-focused platform that combines online payments, in-person POS, invoicing, and payment links, all with no monthly or setup fees.²
Its Malaysian card rates are among the lowest available: 1.2% + RM1 for domestic Visa and Mastercard. FPX comes in at 1.8% + RM0.40, DuitNow at 1.2%,² and e-wallets range from 1.9% for Touch 'n Go to 2.2% for ShopeePay. Non-card payouts settle on a T+2 basis.
HitPay also offers Tap to Pay on Android, letting merchants accept contactless payments directly from their phone without a separate terminal.
Pros | Cons |
|---|---|
No setup or monthly fees | +2% surcharge on foreign currency transactions |
Low domestic card rates (1.2% + RM1) | MYR settlement only |
POS + Tap to Pay on Android included | 0.5% Shopify surcharge |
T+2 settlement for non-card payments | No multi-currency accounts or FX tools |
Built-in invoicing and online store builder |
The information in this table has been reviewed to be accurate as of 15 April 2026.
5. SenangPay
SenangPay is a Malaysian-built gateway designed for quick onboarding and simplicity. It's popular with small businesses, social sellers, and freelancers who want to start accepting payments fast.
FPX rates are 1.5% or RM1, whichever is higher. Local cards are 2.5% (min RM0.65), and e-wallets are 1.5% (min RM0.65). Annual plans start from RM199 for the Starter package, with no setup fee.³
SenangPay supports FPX, credit and debit cards, e-wallets, and BNPL. It also offers customisable payment forms, invoicing, and plugins for Shopify and WooCommerce.
Pros | Cons |
|---|---|
No setup fee | Annual fee from RM199 |
Simple onboarding | Starter plan limited to FPX and e-wallets only |
Payment forms and invoicing included | Card acceptance requires Advanced plan (from RM349/year) |
Shopify and WooCommerce plugins | Settlement speed not publicly disclosed |
BNPL support | MYR settlement only |
The information in this table has been reviewed to be accurate as of 15 April 2026.
6. Billplz
Billplz is a developer-friendly Malaysian payment platform with some of the lowest FPX rates on the market. It's a strong pick for businesses where bank transfers make up most of their volume.
On the free Basic plan, FPX B2C transactions cost RM1.25 each.⁴ Upgrade to Standard (RM999/year) and that drops to RM0.75. Card rates are 1.8% on Basic and 1.5% on Standard. E-wallets are 1.5% on both plans.
FPX payouts arrive the next business day. Card payouts settle on T+2.⁴
Pros | Cons |
|---|---|
Free Basic plan with no annual fee | Narrower e-wallet and card coverage than larger gateways |
Lowest FPX rates available (from RM0.75) | Standard plan costs RM999/year |
Next-business-day FPX settlement | No POS or in-person payment option |
Developer-friendly API and documentation | Shopify integration adds 0.3% |
T+2 card settlement | MYR settlement only — no cross-border tools |
The information in this table has been reviewed to be accurate as of 15 April 2026.
7. PayPal
PayPal is one of the most recognised payment brands globally, operating in 200+ countries and supporting 25 currencies.
In Malaysia, domestic commercial transactions are charged at 3.9% + RM2. International transactions are 4.4% + a fixed fee. Currency conversion adds another 3.5%–4% above the base exchange rate.⁵
PayPal's main draw is buyer trust. Customers worldwide are familiar with the checkout flow, and its buyer protection programme can boost conversion for cross-border sales.
Pros | Cons |
|---|---|
Global brand recognition and buyer trust | Highest domestic rates on this list (3.9% + RM2) |
200+ countries and 25 currencies | No FPX, DuitNow, or Malaysian e-wallet support |
No setup or annual fees | 3.5%–4% FX conversion margin |
Buyer protection increases conversion | RM3 withdrawal fee below RM400 |
Easy integration — no complex setup | Better as a secondary option than a primary gateway |
The information in this table has been reviewed to be accurate as of 15 April 2026.
Why Malaysian businesses choose Airwallex over Fiuu
Fiuu works well as a domestic payment gateway. But for most Malaysian businesses today, "domestic only" isn't enough.
Maybe it starts with a supplier in Shenzhen who invoices in USD. Or say you've been fielding enquiries from potential customers in Jakarta, and you decide to open sales to Indonesia. Whatever the trigger, the moment your business has to deal with a second currency, a domestic-only gateway won’t work for you.
With Fiuu, every cross-border transaction gets converted to MYR at an undisclosed margin before it reaches your account. You can't hold foreign currencies. You can't pay an overseas supplier without going through a separate bank transfer. And you're waiting several business days for your funds.
Airwallex removes all of those friction points. Here’s what you can do with Airwallex:
Settle in the currency you earned in. Collect in SGD, USD, EUR, GBP, or any of 20+ supported currencies — and keep it in that currency. Convert only when you choose to, at rates you can see upfront.
Pay suppliers and teams worldwide. Use Transfers to send funds to 200+ countries. 94% of our transfers go through local rails, with no transfer fees.
Stop paying for access. No setup fees, no annual fees, no Shopify surcharge. Your costs are limited to per-transaction pricing that you can see before you sign up.
Manage everything in one place. Global Accounts for multi-currency balances, Corporate Cards for team spending, and Payments for accepting 160+ local payment methods — all on a single dashboard.
Frequently asked questions (FAQs)
What is the cheapest Fiuu alternative in Malaysia?
For FPX transactions, Billplz offers the lowest rates — from RM0.75 per transaction on its Standard plan.⁴ For domestic card payments, HitPay is hard to beat at 1.2% + RM1.² The cheapest option depends on which payment methods your customers use most.
Which Fiuu alternative has the fastest settlement?
Billplz guarantees next-business-day settlement for FPX transactions.⁴ HitPay settles non-card payments on a T+2 basis.² Airwallex settles in a few business days. All three are significantly faster than Fiuu's weekly Thursday cycle.
Can I use multiple payment gateways at the same time?
Yes. Many Malaysian businesses use two or more gateways — for example, a local gateway for FPX and e-wallets, and a second platform for cross-border payments and multi-currency settlement. Most eCommerce platforms like Shopify and WooCommerce support multiple gateway integrations.
Which Fiuu alternative is best for Shopify?
Airwallex and Billplz both offer Shopify plugins. Airwallex charges no Shopify surcharge, while Billplz adds 0.3%.⁴ By comparison, Fiuu charges an extra 0.25%⁷ and HitPay charges 0.5%.² Factor in base transaction rates alongside the surcharge to get your true cost.
Is there a Fiuu alternative with no setup fees?
Yes, most modern gateways in Malaysia have dropped setup fees entirely. Airwallex, Stripe, HitPay, Billplz, SenangPay, and PayPal all charge no setup fee. Fiuu is one of the few remaining providers that does — RM400 + SST on the Premium plan.⁶
Which payment gateway is best for cross-border payments in Malaysia?
Airwallex is the strongest option for cross-border payments. It supports 160+ local payment methods across 180+ countries and lets you settle in 20+ currencies without forced conversion to MYR. Stripe also supports global payments across 135+ currencies,¹ but its Malaysian rates are higher and it lacks local e-wallet coverage.
Sources:
https://stripe.com/en-my/pricing
https://hitpayapp.com/my/pricing
https://senangpay.com/pricing
https://billplz.com/pricing
https://paypal.com/my/webapps/mpp/merchant-fees
https://sitegiant.my/fiuu/
https://fiuu.com/faq/
This publication does not constitute legal, tax, or professional advice from Airwallex nor substitute seeking such advice, and makes no express or implied representations / warranties / guarantees regarding content accuracy, completeness, or currency. If you would like to request an update, feel free to contact us at [email protected]. Airwallex (Malaysia) Sdn Bhd is licensed in Malaysia as a MSB Class B (remittance business only) licensee and is regulated by Bank Negara Malaysia (licence number 00318).
Cherie Foo
Growth Content Manager
Cherie is a Growth Content Manager at Airwallex, where she develops content for businesses in Singapore and across Southeast Asia. She focuses on turning complex topics like cross-border payments, business accounts, and spend management into clear, practical guides that help founders and finance teams make confident decisions.
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