Top 10 Payment Gateways in Malaysia (Review)

Online payments define customer trust. Whether you run an e-commerce store, digital agency, or service-based brand, your payment experience directly shapes conversion rates.

Malaysia’s fintech scene has seen massive growth in recent years, with Bank Negara Malaysia (BNM) strengthening licensing frameworks and local startups rising to compete with global players. From FPX transfers to mobile wallets, businesses now have more payment options than ever, yet choosing the right gateway can make or break the customer experience.

At PRESS Digital, we explore not just the technology behind payments but also the storytelling power behind secure transactions and seamless digital experiences.

How We Evaluated These Gateways

Our top 10 list is based on:

• Security & compliance (PCI DSS, BNM approval, encryption)
• Integration (API availability, e-commerce plugin support)
• Settlement time (how fast funds reach your account)
• Fees & flexibility (transaction cost, recurring billing)
• Customer trust (UX, brand reputation, local support)

Sneak Peek Table: Top 10 Payment Gateways in Malaysia

1. Paydibs

The most balanced gateway for SMEs, startups, and fintech innovators.

Paydibs has evolved into one of Malaysia’s most forward-thinking payment solution providers. It combines multi-channel support (FPX, Visa, Mastercard, and major eWallets) with enterprise-level analytics and real-time reconciliation,  all backed by Bank Negara Malaysia licensing and full PCI DSS compliance.

What makes Paydibs particularly appealing for SMEs and agencies is its API-first design. Developers can easily integrate payments into websites, mobile apps, and SaaS platforms, while marketing teams can track transaction data through an intuitive dashboard. For businesses scaling across ASEAN, Paydibs supports multi-currency settlement, enabling cross-border expansion without relying on third-party processors.

Why It Works:

• Local BNM-licensed operator
• Developer-friendly REST API
• Multi-currency support for regional trade
• Transparent pricing structure

“Paydibs bridges the gap between payment technology and user experience, making it a natural fit for Malaysian SMEs and digital brands,” notes PRESS Digital’s PR team.

Learn more about the platform on Paydibs Malaysia payment gateway official website.

2. iPay88

Malaysia’s longest-standing and most trusted payment gateway.

iPay88 has powered thousands of local e-commerce platforms since 2000. It’s known for bank-level security, seamless integrations (WooCommerce, Shopify), and a strong local support team.

Pros:

• Recognised by Bank Negara Malaysia
• Multi-channel support (cards, FPX, eWallets)
• Fast payout cycle

Cons:

• Slightly higher fees than newer players

3. MOLPay (Razer Merchant Services)

The choice for high-volume online stores and gaming merchants.

Now operating as Razer Merchant Services (RMS), MOLPay supports FPX, RazerPay, Boost, GrabPay, and more. It also offers instalment plans, making it ideal for retailers.

Why It Stands Out:

• Comprehensive fraud prevention tools
• Instant payment notification system
• Integration with major e-commerce CMSs

4. Billplz

Perfect for small businesses and non-profits.

Billplz makes online payment collection effortless, focusing on simplicity and affordability. It’s popular among service providers who invoice clients regularly.

Highlights:

• RM1 per transaction (FPX)
• Integration with Xero, QuickBooks, and WooCommerce
• Subscription and auto-billing features

Why Businesses Like It:
Transparent pricing and an easy dashboard make Billplz a go-to choice for small-scale operators.

5. ToyyibPay

Malaysia’s Shariah-compliant payment gateway.

ToyyibPay offers FPX payments with no setup fee, appealing to NGOs, freelancers, and social enterprises.

Features:

• Simple dashboard for non-technical users
• Optional donation and campaign tracking tools
• Complies with Islamic finance guidelines

Ideal For:
Individuals or small charities looking for low-cost, ethical payment solutions.

6. SenangPay

Built for local SMEs that prefer plug-and-play convenience. SenangPay simplifies online transactions for small retailers through pre-integrated shopping cart plugins.

Pros:

• Quick setup (within 24 hours)
• Support for credit/debit cards and FPX
• Mobile checkout compatibility

Limitations:

• Customisation is limited compared to Paydibs or Stripe

7. Stripe Malaysia

The go-to choice for tech-savvy entrepreneurs.

Since its Malaysia launch, Stripe has become the benchmark for seamless API integration and automation. Perfect for SaaS or subscription-based models.

Why It’s Popular:

• Recurring billing and analytics dashboard
• Global currency support
• Developer-friendly architecture

Consideration:
Higher transaction fees, but justified by world-class infrastructure.

8. HitPay

For businesses blending offline and online transactions. HitPay integrates point-of-sale (POS) systems with e-commerce payments, giving full control over every customer interaction.

Features:

• QR-based payment options
• Inventory sync between POS and online store
• Accounting integration (Xero, QuickBooks)

Why It’s Gaining Ground:
Strong hybrid functionality for small retailers and café owners expanding online.

9. Curlec (by Razorpay)

Focused on recurring payments and automation. Curlec, now under Razorpay, helps SMEs set up direct debit mandates for subscription-based services.

Why It’s Unique:

• Automated invoicing and reconciliation
• B2B recurring billing
• Excellent analytics dashboard

Curlec is ideal for agencies, SaaS companies, and membership services with consistent billing cycles.

10. eGHL

A regional powerhouse with cross-border capability. eGHL operates in several Southeast Asian countries, making it a top pick for brands aiming for expansion.

Pros:

• Supports cards, FPX, and regional eWallets
• PCI DSS Level 1 compliance
• Easy integration with logistics and ERP tools

Use Case:
Perfect for e-commerce brands serving Singapore, Malaysia, and Thailand through a single payment channel.

How to Choose the Right Payment Gateway

When selecting a payment provider, consider the following:

“A secure, fast, and frictionless checkout isn’t just good technology, it’s good storytelling.” 

Emerging Trends in Malaysia’s Payment Landscape 

1. DuitNow QR Integration: Seamless, unified QR payments across platforms.
2. Buy Now Pay Later (BNPL): Expected to grow by 22% in 2025.
3. eWallet Convergence: More interoperability between GrabPay, TNG, and Boost.
4. AI-Driven Fraud Detection: Predictive risk scoring for transaction approval.
5. Cross-Border Fintech Partnerships: Increasing links between Malaysian and ASEAN payment processors.

These innovations are pushing businesses to think beyond basic checkout functions towards customer trust ecosystems.

PRESS Digital’s Take: Beyond Transactions

At PRESS Digital, we help businesses tell powerful stories about trust, technology, and transformation.

Choosing the right payment gateway isn’t just a technical decision, it’s a branding one.

Every successful checkout reflects reliability and that reliability builds digital reputation. Our PR specialists help fintechs, startups, and SMEs communicate that story across media, SEO, and social channels.

Looking to position your brand as a trusted digital leader? Explore PRESS Digital PR and content strategy services to see how visibility, credibility, and customer experience come together in every campaign.

Conclusion: Payment Gateways as a Brand Story

Payment gateways are no longer just backend infrastructure, they’re frontline brand experiences. From checkout reliability to post-purchase confidence, every transaction shapes how customers perceive your business.

At PRESS, we believe the strongest brands combine technical excellence with strategic communication. Choosing the right gateway is more than a financial decision, it’s an opportunity to tell a story of trust, transparency, and innovation.

With the right technology and message, your business doesn’t just process payments, it builds lasting credibility.