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, it has some practical gaps:

Stripe doesn't support DuitNow QR

Stripe does not support DuitNow QR, which is an increasingly common payment method for Malaysian consumers. A checkout without it will see lower conversion rates among local buyers.

Stripe's fees can be high for Malaysian businesses

Stripe's standard rate in Malaysia is 3% + RM1.00¹ per successful card or FPX transaction. An additional 1% applies for international cards, and a further 2% applies when currency conversion is required.¹

For a business doing RM50,000 in monthly card sales, that 2% FX fee alone adds RM1,000 in costs every month. This cost could easily be avoided with a platform that supports like-for-like multi-currency settlement.

Stripe is not a complete financial platform

Stripe is a payment gateway. It does not offer multi-currency business accounts, international transfer tools, or corporate cards.

For businesses that also need to pay overseas suppliers, hold foreign currencies, or manage employee spending, Stripe covers only one piece of the picture. You'd need to add separate tools on top.

How to choose the right Stripe alternative in Malaysia

The right Stripe alternative for your business depends on who your customers are, where you sell, and what you need beyond payment acceptance.

Here’s how to choose the right option based on your needs:

For businesses selling primarily to Malaysian customers

If most of your customers are based in Malaysia and pay via FPX, DuitNow QR, or e-wallets, a local gateway is what you need. They're straightforward to set up, priced in RM, and optimised for the local payment methods your customers actually use.

For businesses selling online and in person

If you run an eCommerce store alongside a physical retail location, market stall, or pop-up, you need a platform that handles both channels from a single dashboard.

For businesses with cross-border or multi-currency needs

If you pay overseas suppliers, receive funds in foreign currencies, sell to international customers, or need tools like multi-currency accounts, corporate cards, or international transfers alongside payment acceptance, a payment gateway alone won't cover this. Airwallex is built for businesses at this stage.

If you're unsure, the simplest starting point is your customers: where are they, and how do they pay? That answer will point you to the right category.

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.

Here's a quick overview before we go into the details:

The information in this table has been reviewed to be accurate as of 22 April 2026.

1. Airwallex

Airwallex combines a payment gateway with multi-currency accounts, international transfers, and corporate cards in one platform. For Malaysian businesses that sell internationally, pay overseas suppliers, or manage foreign currencies, this lets you replace several tools with one.

On payments, Airwallex supports FPX, DuitNow, GrabPay, and 160+ other local payment methods. Domestic card and wallet transactions start at 1.90% + RM0.50, and local payment methods from 1.4% + RM0.50 — both lower than Stripe's standard rate in Malaysia.

With Airwallex, you get like-for-like settlement in 20+ currencies. This means you can collect and hold funds in 20+ currencies, avoiding forced conversion to RM and saving on FX fees. When you do want to convert, you get access to competitive FX rates that save you up to 80%.

For a more in-depth comparison, read our Stripe vs Airwallex article.

The information in this table has been reviewed to be accurate as of 22 April 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 Standard plan brings FPX B2C transactions down to a flat RM0.75² per transaction with next-business-day payouts — among the lowest rates in the Malaysian market. It's widely used by schools, NGOs, property managers, and B2B service businesses.

The information in this table has been reviewed to be accurate as of 22 April 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. Its domestic online card rate of 1.2% + RM1.00³ is one of the lowest in the market, and it supports FPX, DuitNow, Touch 'n Go, GrabPay, ShopeePay, and more out of the box. Tap to Pay on Android lets you accept in-person payments from a phone, with no card terminal required.

The information in this table has been reviewed to be accurate as of 22 April 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 disclosed online, so you'll need to contact their sales team for a quote.

The information in this table has been reviewed to be accurate as of 22 April 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 — over 110 payment methods including FPX, DuitNow, e-wallets, BNPL, Alipay+, and cash payments at 7-Eleven outlets via Fiuu Cash.

The cash payment option is unique in the Malaysian market and useful for reaching unbanked or cash-preferred customers. Pricing is not publicly available, so you’ll have to contact Fiuu directly for a quote.

The information in this table has been reviewed to be accurate as of 22 April 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.

Its Starter plan costs RM199 per year⁴ and enables FPX and e-wallet payments with instant approval. Credit and debit card acceptance requires upgrading to the Advance plan at RM349 per year.⁴

The information in this table has been reviewed to be accurate as of 22 April 2026.

7. PayPal

PayPal is familiar to international buyers and remains a practical option for businesses that sell primarily to customers outside Malaysia. However, it does not support FPX, DuitNow QR, or Malaysian e-wallets, making it a poor fit as a standalone gateway for local sales.

Its standard domestic transaction rate in Malaysia is 3.90% + RM2.00⁵ per transaction — the highest on this list.

The information in this table has been reviewed to be accurate as of 22 April 2026.

8. Adyen

Adyen is an enterprise-grade payments platform suited to large businesses with significant transaction volumes and omnichannel operations. It uses Interchange++ pricing, where your total fee is made up of the card network cost plus a fixed Adyen processing fee of US$0.13 per transaction⁶, giving you cost transparency at a transaction level.

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

The information in this table has been reviewed to be accurate as of 22 April 2026.

Why Malaysian businesses choose Airwallex over Stripe

Stripe is a capable platform for developer-led businesses, but its fees add up quickly in the Malaysian context.

Airwallex gives you lower transaction rates across the board, and goes further with multi-currency accounts, international transfers, and corporate cards built into the same platform. Here’s what you get with Airwallex:

Highly competitive fees and pricing:

• 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: from 0.4% above interbank vs Stripe's flat 2% FX fee¹

Beyond payments, Airwallex includes tools Stripe doesn't:

• Global Accounts — open local currency accounts in 20+ currencies to collect funds internationally without setting up foreign entities

• International transfers — send payments to 200+ countries. International transfers via local rails have no transfer fees.

• Corporate cards — spend directly from held currency balances with no international transaction fees

Ultimately, Airwallex is more cost-effective for Malaysian businesses, plus it lets you replace a fragmented set of tools with a single platform.

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 register with Bank Negara Malaysia to use a payment gateway?

No. As a merchant, you don't need a separate BNM 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 the BNM website.

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. senangpay.com/pricing

5. paypal.com (MY merchant fees document, last updated 14 August 2025)

6. adyen.com/pricing

7. airwallex.com/my/pricing

8. fiuu.com

9. my.nttdatapay.com/e-commerce

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., a company incorporated under the laws of Malaysia with company registration number 201801007747 (1269761-X), is regulated as a licensed remittance business under the Money Services Business Act 2011 (Licence number 00743 with an expiry date of 3 August 2028, an E-Money Issuer and a registered merchant acquirer under the Financial Services Act 2013.