NewswireToday - /newswire/ -
Shah Alam, Selangor, Malaysia, 2012/09/19 - Malaysia first FPX’s non-bank acquirer MOLPay has joined the D.A.R.E BizStart Showcase 2012, a content and activities-rich event that combines business showcase, workshops, seminars, conference, and business matching, at a Corporate Sponsor level.
Malaysia first FPX’s non-bank acquirer MOLPay has joined the D.A.R.E BizStart Showcase 2012, a content and activities-rich event that combines business showcase, workshops, seminars, conference, business networking and business matching, at a Corporate Sponsor level.
The event aims on the entrepreneurs especially business start-ups who are looking to excel and grow their business. The D.A.R.E Bizstart Showcase 2012 will begin on 20th September in Johor Bahru, followed by Kuala Lumpur (27th September 2012), Penang (25th October 2012) and ending with the showcase in Kota Kinabalu on 27th-28th November 2012.
“I am glad that MOLPay can participate in D.A.R.E Bizstart Showcase 2012 as one of its main sponsors. This event is a good learning platform to assist entrepreneurs including those wants to venture into e-commerce, to generate ideas, accelerating growth, realizing opportunities and empowering their business,” said Mr. Eng Sheng Guan, the Chief Executive Officer of MOLPay.
MOLPay is the first multi-currency payment gateway in Southeast Asia that accepts cash payments for online purchases, through physical outlets such as convenience stores and bookstores. It is simple to setup on any e-commerce store and also, convenient and secure for online buyers to use. MOLPay offers a wide range of e-commerce payment solutions - from online payment acceptance and processing to fraud management to payment security. MOLPay processes more than MYR1 billion transactions a year.
Founded in 2005, MOLPay (molpay.com) has received various recognitions such as Merit Award in the MSC Malaysia Asia Pacific ICT Awards 2008 and MEPS FPX Most Outstanding Merchant 2009. MOLPay services comply with the global data security standard - Payment Card Industry: Data Security Standard (PCI DSS) - and also, the Malaysian Payment System Act 2003.
In 2011, MOLPay became part of the MOL Global Group, one of the largest Internet companies in Southeast Asia with offices in Malaysia, Singapore, Thailand, Indonesia, Philippines, India, and Australia/New Zealand.
In May 2012, Malaysian Clearing Corporation Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (Central bank of Malaysia) has appointed MOLPay as its first non-bank acquirer for its Financial Process Exchange (FPX) service for online merchants.