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PRESS RELEASE For immediate release

MOLPay Cash ranked in top 3 of the popular non-card payment methods MOLPay Cash, the online-to-offline payment (O2O) channel in Malaysia stands in the top 3 position of popular non-card payment channels after Maybank2u and CIMBClicks. MOLPay Cash was rolled out in 2014 as the ​first Malaysia’s online-to-offline payment channel. Following its success in hitting 260% growth, MOLPay Cash transactions gained a massive upsurge over 40,000 transactions per day on the last 11.11 and placed among the most popular non-card payment methods. This rise has been contributed by the ​top-tiers merchants in Malaysia such as the renowned marketplace companies Lazada and 11street, fashion retail brand, Uniqlo and online beauty shop, Hermo. This record explains the strength of MOLPay Cash in catering Malaysia’s market even though other payment options such as credit/debit card and online banking are getting common. Being in the top 3, MOLPay Cash is now an option that e-commerce can no longer miss out.

MOLPay CEO Eng Sheng Guan


Back in 2014, Nielsen reported that there was still a ​huge population of cash-paying customers in Malaysia. This matter had quickly ignited MOLPay’s attention to initiate the inclusivity in the digital payment sector with MOLPay Cash innovation, which makes MOLPay the first to cater underbanked consumers in Malaysia. Having achieved this milestone, MOLPay CEO, Eng Sheng Guan said, “Previously, MOLPay Cash was viewed as the additional payment channel, but as the payment process is as hassle-free as other online payment options and acquired by many top merchants, it has become a payment channel demanded by many.” He then urged, “E-commerce in Malaysia are encouraged to adopt MOLPay Cash to boost sales by 40% since the barrier of cash to enter online shopping had been effectively removed.” Before MOLPay introduced MOLPay Cash, there was a big population in Malaysia that is not being served by e-commerce sellers. MOLPay Cash assists the nation to make the gap smaller in e-commerce. Due to its availability in over 2,100 7-Eleven outlets nationwide, MOLPay Cash is accessible to all Malaysian residents and visitors, regardless of origins and age. It was found that foreign workers are also among the users of this channel, in which it is approximated to be more than 1.7 million population in Malaysia​. MOLPay Cash is available in all 7-Eleven outlets across Malaysia including Sabah and Sarawak.

### About MOLPay MOLPay is the leading payment gateway in Southeast Asia with more than 10 years expertise in serving global and local brands in payment processing. MOLPay enables payment acceptance with more than 130 payment channels including debit/credit card, domestic and regional online banking and online-to-offline (O2O) payment, known as MOLPay CASH which is now the top 3 popular non-card payment method in Malaysia. The wide range of e-commerce solutions are offered with robust fraud management and payment security. MOLPay achieved one of the lowest dispute transaction ratio in the online payment industry. Visit us at https://www.molpay.com/​ ​for more info. Contact Details If you would like more information about this topic, feel free to contact:


Name:​ Nurin Fatini Designation:​ Marketing Executive E-Mail:​ ​nurin@molpay.com Phone number:​ +6017-210 6177

MOLPay Cash ranked in top 3 popular non-card payment methods  

MOLPay Cash ranked in top 3 of the popular non-card payment methods after Maybank2u and CIMBClicks.

MOLPay Cash ranked in top 3 popular non-card payment methods  

MOLPay Cash ranked in top 3 of the popular non-card payment methods after Maybank2u and CIMBClicks.

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