Best Payment Gateways in Malaysia 2025

In eCommerce, payment gateways are vital for businesses to safely and efficiently process online payments. Many payment gateways in Malaysia offer different payment processing solutions for businesses of all sizes. These gateways provide a reliable and secure way to process payments, accepting various forms of payment such as credit and debit cards, bank transfers, mobile payments, and digital wallets. Malaysia-based payment gateways are adaptable to the changing needs of eCommerce, enabling businesses to receive payments from customers around the clock and across multiple locations. Whether your business is, a small startup or a large corporation is OK. There are payment gateways in Malaysia that can accommodate your payment processing requirements.

Role of a Payment Gateway in eCommerce

In eCommerce, a payment gateway is an intermediary that enables secure online transactions between merchants and customers. In Malaysia, payment gateways provide various digital payment solutions, such as online shopping, bill payments, and money transfers. As the number of payment gateways in Malaysia continues to grow, consumers have various choices to conduct online transactions securely.

Payment Gateways – How Do They Work?

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Imagine finishing a delightful meal at a fancy restaurant and receiving a bill from your waiter. Instead of reaching for your wallet, you use your phone to transfer the payment from your bank account to the restaurant. This is where payment gateways come into play.
When you purchase on a merchant’s website, you enter your payment details, which are securely transmitted to the payment gateway. The payment gateway processes the transaction and sends it to the relevant financial institution for approval. After the transaction is authorized, the payment gateway notifies the merchant, completing the payment process.

Best Payment Gateways in Malaysia – Banks

Third-party payment gateways were not a notion when credit and debit cards were initially launched. Banks carried out the honors. Since they were proficient at managing transactions, they became payment gateways by locating the point of sales and utilizing IT infrastructure.
So, let’s start with the banks providing online payment gateways in Malaysia.

Maybank

Maybank provides payment gateway solutions in Malaysia for businesses called Maybank2u Pay. Maybank2u Pay enables businesses to accept online customer payments via various payment methods such as credit and debit cards, online banking, and e-wallets like Maybank2u Wallet and Boost e-wallet. Maybank2u Pay is designed to be user-friendly and can be integrated easily with popular eCommerce platforms such as WooCommerce and Magento. It also comes with fraud detection and prevention measures, ensuring secure payment processing for businesses and customers.

CIMB Bank

CIMB Bank is a financial institution that provides various services, including online payment gateways in Malaysia. Some potential advantages of using CIMB Bank’s payment gateway may include its strong security measures, user-friendly interface, and the ability to accept multiple forms of payment. It offers competitive pricing for its payment gateway services in Malaysia, which may make it an attractive option for businesses looking to minimize costs.

RHB Bank

RHB Bank is a leading commercial bank in Malaysia with a strong presence in the ASEAN region. The bank offers comprehensive financial services and solutions, including personal, business, investment, wealth management, and Islamic banking. It provides one of the best payment gateway solutions in Malaysia. Some potential advantages of using RHB Bank’s payment gateway may include its fraud prevention measures, the ability to process multiple currencies, and integration with various eCommerce platforms.

Public Bank

Public Bank provides online payment gateway services in Malaysia to businesses, allowing them to accept customer payments via various methods such as credit and debit cards, online banking, and e-wallets. Public Bank’s payment gateway also offers fraud detection and prevention, real-time transaction monitoring, and easy integration with different types of websites and shopping carts.

Best Payment Gateways in Malaysia – Fin-Tech Companies

Financial technology companies, or fin-tech companies, are crucial in Malaysia for utilizing technology to improve and automate financial services. Their payment gateway solutions in Malaysia are critical to the digital economy, making transactions more efficient and aiding businesses in the modern digital age. Let’s delve deeper into some of the innovative fin-tech companies created to simplify transactions in the country.

iPay88

iPay88 is one of the largest payment gateways in Malaysia, providing online payment solutions for businesses of all sizes. It enables companies to accept online customer payments using various payment methods, such as credit and debit cards, online banking, and e-wallets. It has been operating since 2006 and has processed millions of transactions for businesses in various industries. The company continuously expands its range of payment methods and services to serve businesses and customers better.

MOLPay

MOLPay is a prominent payment gateway in Malaysia that offers comprehensive online payment solutions to businesses, regardless of size. The payment gateway caters to different payment methods, including credit and debit cards, online banking, and e-wallets. With its establishment in 2005, MOLPay has successfully processed millions of transactions for various industries. The platform allows companies to integrate their payment gateway using an API on their website or online store, providing their customers with multiple payment options and ensuring secure and seamless transactions at checkout.

Billplz

Billplz was founded in 2012 and has become a popular choice for businesses in Malaysia and Southeast Asia. It is a payment gateway in Malaysia that caters specifically to SMEs.The platform allows companies to accept payments using various payment methods, including credit and debit cards, online banking, and e-wallets. It also provides a simple and customizable payment page, making it easy for customers to complete their transactions.

eGHL

GHL (Also known as eGHL) is one of the best payment gateways in Malaysia that provides online payment solutions for businesses. It was founded in 2013 and has since become a popular choice for businesses in Southeast Asia. It offers seamless and secure payment solutions and supports various payment methods, such as credit and debit cards, online banking, and e-wallets.

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Here’s a little summary of some of the top payment gateways in Malaysia for 2023:

Wrapping Up

In summary, payment gateways facilitate secure and streamlined online transactions for eCommerce businesses. With many options available, selecting the appropriate payment gateway can be daunting, but it is essential as all of a company’s transactions will be processed. This guide offers an overview of the best payment gateways in Malaysia, catering to the needs of seasoned online shoppers, eCommerce businesses, and even newcomers to the online world. Feel free to contact us to assist you in determining the most suitable payment gateway in Malaysia for your business needs!