iPay88 - Payment-Service Providers

Having accumulated more than 14 years of experience in the payment industry, iPay88 is now setting its sights on becoming the leading one-stop payment company in South-East Asia for enabling borderless e-business through state-of-the-art payment systems.

The company says it already processes over one million online transactions a month, with total annual transactions valued at RM1bil and is a leading payment gateway, backed by strong partnerships with more than 60 local and international financial institutions.

A pioneer among the regulated local payment-service providers that help to enable Internet payment for e-commerce, the company has played a role in the rise of successful e-commerce entrepreneurs e-commerce via its online payment systems.

With payment partners in Singapore, Indonesia, China, Thailand, Vietnam, the Philippines, Australia and New Zealand, as well as here in Malaysia, iPay88 has the connections to support the advancement of businesses in the region.

And the company it looking to add Bangladesh, Cambodia and Myanmar to is growing list of partners.

iPay88 executive director Chan Kok Long says it service creates a stable infrastructure for businesses to process online payments quickly and securely, ensuring seamless and hassle-free transactions for businesses and customers, thanks to the use of the Payment Card Industry Data Security Standard.

Chan says the company’s e-commerce and m-commerce site integration speeds up connection to more than 6,000 merchant websites.

International transactions across countries are made easy with multi-currency and extensive gateway features that provide seamless international purchases in most currencies. These transactions are secured by a proven fraud prevention and monitoring system. Meanwhile, the user-friendly interface enhances effective usability.

Among the services that the company provides are direct link via the online payment gateway, mobile web application, virtual link with virtual shopping cart and payment, over-the-counter or e-mail payments, recurring online instalments, mobile point-of-sale, auto debit and virtual terminal.

iPay88 has received numerous accolades, including Most Outstanding Merchant of Payment Model by FPX-MEPS for five consecutive years from 2009 to 2013.

Source: The Star Online