Payment Gateway Malaysia: FPX, DuitNow and Card Fees Compared 2026
A neutral comparison of Malaysian payment gateways — iPay88, Fiuu, senangPay, toyyibPay, Billplz, eGHL, HitPay and 2C2P — on FPX and DuitNow fees, card rates, and setup, plus the regulatory fact most vendor pages skip.
Malaysia's FPX bank-transfer rail has no fixed regulated fee at all, unlike Indonesia's QRIS — FPX pricing is a flat per-transaction charge set commercially by each gateway. DuitNow QR has a PayNet-coordinated rate near 0.25%, with waivers proposed for small merchants, but that is an industry-coordinated figure rather than a binding Bank Negara Malaysia rule, so confirm current status with your bank before assuming it applies. On published rates, toyyibPay and Billplz are the cheapest flat-fee options for FPX; senangPay is the fastest self-serve signup with a published percentage-or-flat rate; iPay88, Fiuu and eGHL don't publish a fixed FPX rate and quote at signup; 2C2P is built for enterprise and multi-rail orchestration rather than a simple published rate card.
| Gateway | FPX / DuitNow fee | Strength | Setup |
|---|---|---|---|
| iPay88 | Pay-per-transaction, rate confirmed at signup (not published) | 50,000+ Malaysian merchants; wide bank-rail coverage | Free, self-serve |
| Fiuu (ex-MOLPay) | Pay-per-transaction, rate confirmed at signup (not published) | 110+ payment methods across 6 SEA markets in one integration | Free, self-serve |
| senangPay | RM1 or 1.5% (whichever is higher) | Instant online signup, no bank application | Free, instant |
| toyyibPay | RM1 (B2C) / RM2 (B2B) flat | Cheapest flat FPX fee for low-ticket sales; free B2C fee for registered non-profits | RM100 one-time + RM100/yr |
| Billplz | From RM0.75/transaction (flat) | Lowest published flat FPX fee in this comparison | Free, self-serve |
| eGHL | Custom quote (not published) | Long-established bank-grade acquirer with BNPL options | Application-based |
| HitPay | Pay-per-transaction (rate not itemized for Malaysia) | Cross-SEA reach beyond Malaysia (SG, TH, ID, PH, VN) | Free, self-serve |
| 2C2P | Custom/usage-based (enterprise quote) | Full orchestration platform for large, multi-country merchants | Sales-assisted |
The Tools in Detail
iPay88
Finance · Paid · Indonesia · ID / EN
iPay88 Indonesia is a payment gateway operated by PT. Dinamik Mobile. Its headquarters are at Grand Slipi Tower, Lantai 25, Unit B, Jl. Letjen S. Parman Kav 22-24, Palmerah Jakarta Barat 11480, and its contact number is 021-29866071. The site describes iPay88 as a payment gateway for Indonesia and Asia, and says its journey started in 2010. It accepts credit and debit cards, virtual accounts, online banking, and the e-wallets OVO, LinkAja and ShopeePay. The products named on the site are Link Payment, Direct Payment and POS. The site states that it holds an official Bank Indonesia license. Its Indonesian About page says iPay88 is also present in Malaysia, Thailand and Singapore, with 5 locations in Asia; that page looks dated (it refers to the 10th year and its awards list ends in 2018), so current presence in those countries is an open question. As of 2026-10-31, www.ipay88.com redirects to NTT DATA Payment Services Malaysia's ADAPTIS e-Commerce page, which does not name iPay88. The home page also shows Visa Service Provider, KOMINFO and PCI DSS (2025) badges as images.
iPay88 Indonesia is run by PT. Dinamik Mobile from Jakarta and describes itself as a payment gateway for Indonesia and Asia. Its site states that it holds an official Bank Indonesia license. Its Indonesian About page, which looks dated, mentions Malaysia, Thailand and Singapore and 5 locations in Asia; current presence there is not verified. It says it has more than 1,000 partners across Indonesia. Local payment methods named on the site include virtual accounts and the e-wallets OVO, LinkAja and ShopeePay.
Best for: Indonesian merchants that want to accept cards, virtual accounts, online banking and e-wallets (OVO, LinkAja, ShopeePay); Businesses that want to send payment links to customers or take payments at a point of sale
Fiuu
Payments · Paid · Free tier · SEA · EN / MS
Fiuu (formerly Razer Merchant Services / MOLPay) is a Shah Alam, Malaysia-headquartered payment gateway operating since 2005. It supports over 110 payment methods across Malaysia, Singapore, the Philippines, Thailand, Indonesia, and Vietnam, including Malaysia's FPX online banking, DuitNow, e-wallets, Buy Now Pay Later, and in-person cash payment at retail partners like 7-Eleven.
Fiuu is headquartered in Shah Alam, Malaysia and has operated since 2005 as MOLPay/Razer Merchant Services. It supports Malaysia-specific payment rails like FPX and DuitNow alongside 110+ payment methods across Singapore, the Philippines, Thailand, Indonesia, and Vietnam, plus in-person cash payment through 7-Eleven outlets.
Best for: Malaysian e-commerce merchants needing FPX and DuitNow support; SEA businesses expanding payments across Malaysia, Singapore, and the Philippines; Shopify, WooCommerce, and Magento stores needing local SEA payment methods; Retailers needing both online and in-person (7-Eleven) payment collection
senangPay
Finance · From MYR 199/year · Malaysia · EN / MS
senangPay (operating as senangPay-DOKU) is a Malaysian payment gateway built for SMEs and social sellers, offering instant online activation instead of a bank-style application process. It publishes its per-transaction fees directly: FPX at RM1 or 1.5% (whichever is higher), local cards at RM0.65 or 2.5% (whichever is higher), and e-wallets at RM0.65 or 1.5% (whichever is higher), plus a yearly plan fee. It also supports BNPL checkout options via SPayLater, Grab PayLater and Atome.
senangPay positions itself as Malaysia's SME-first payment gateway, with instant online activation instead of the bank-style application process used by eGHL or the bank payment gateways. It publishes its per-transaction fees directly on its pricing page, which makes it easier for a small merchant to estimate costs before signing up than gateways that only quote custom rates. Read on senangpay.com/pricing on 2026-09-14: Starter is RM199/year and Advance RM349/year, both currently discounted by RM50 under a promotional code, with FPX at RM1 or 1.5% (whichever is higher), local cards at RM0.65 or 2.5%, e-wallets at RM0.65 or 1.5%, and BNPL from 2.0% (SPayLater) to 6.0% (Grab PayLater). It does not offer DuitNow QR.
Best for: Malaysian SMEs and social sellers wanting instant self-serve signup; Small merchants who want published, predictable per-transaction fees; WooCommerce and Shopify stores needing a quick FPX integration; Merchants who don't want to negotiate a custom contract
toyyibPay
Finance · Paid · Free tier · Malaysia · EN / MS
toyyibPay is a Malaysian payment gateway charging a flat fee per FPX transaction rather than a percentage MDR: RM1 per B2C transaction and RM2 per B2B transaction on its Standard plan, alongside a one-time RM100 onboarding fee and RM100/year renewal from the second year. It also supports DuitNow QR and card payments. Its Santai plan, restricted to registered non-profits, waives the B2C FPX fee.
toyyibPay is one of the lowest-cost self-serve FPX gateways in Malaysia, charging a flat RM1-RM2 per transaction instead of a percentage-based MDR, plus a one-time RM100 onboarding fee and RM100/year renewal from year two. Its Santai plan additionally waives the B2C FPX fee for registered non-profits, a niche neither senangPay nor eGHL specifically targets. Its rate card carries more than FPX: read on 2026-09-14, DuitNow QR is 1.00% or RM1.00 per transaction (whichever applies), local cards 1.50% and foreign cards 3.50%, with card acceptance run through toyyibPay partners at a RM100 onboarding fee and RM100/year from the second year. DuitNow QR settles in two business days, cards in four.
Best for: Malaysian SMEs and freelancers wanting the lowest-cost FPX gateway; Registered non-profits (Santai plan waives the B2C FPX fee); WooCommerce stores needing a lightweight FPX plugin; Low-volume sellers who don't want a percentage-based MDR
Billplz
SaaS · From MYR 0.75/transaction · Free tier · Malaysia, SEA only · EN / MS
Billplz is a Kuala Lumpur-based payment gateway built specifically for Malaysian businesses, supporting FPX online banking transfers from over 20 Malaysian banks, DuitNow QR, GrabPay, Touch 'n Go eWallet, ShopeePay, and card payments. It serves over 60,000 registered Malaysian merchants and is a registered PayNet system integrator, with flat per-transaction fees starting from MYR 0.75.
Billplz is built around Malaysia's specific payment rails: FPX for direct bank transfers, DuitNow QR for the national interoperable QR standard, and integrations with Malaysian e-wallets like Touch 'n Go and GrabPay. As a registered PayNet system integrator with flat MYR-denominated fees, it undercuts card-based processors for Malaysian merchants whose customers prefer bank transfers and e-wallets over credit cards.
Best for: Malaysian SMEs and NGOs collecting online payments without card-network fees; E-commerce merchants needing DuitNow QR and Malaysian e-wallet acceptance; Businesses disbursing recurring payouts to Malaysian bank accounts; Fundraising and event organizers needing no-code Malaysian payment forms
eGHL
Finance · Paid · Malaysia
eGHL is the name this directory uses for an online payment gateway that the vendor's page now presents as ADAPTIS e-Commerce, operated by NTT DATA Payment Services Malaysia. The page describes it as an all-in-one online payment gateway for local and cross-border transactions. It accepts card payments, online banking, e-wallets, instalments and buy now pay later. It also offers Direct Link checkout, Email Payment Link requests, Recurring Payment for subscriptions, and an Easy Payment Plan with 0% instalment options. The page lists fraud mitigation tools and names retail, government, brokerage, travel and tourism, education and healthcare as industries it serves.
The vendor page describes an all-in-one online payment gateway for local and cross-border transactions. It is operated by NTT DATA Payment Services Malaysia. The page lists retail, government, brokerage, travel and tourism, education and healthcare as the industries it serves.
Best for: Retail merchants that want to offer 0% instalment plans to shoppers; Businesses billing subscriptions or ongoing services; Merchants that need to request payments by emailed payment link; Organisations in government, brokerage, travel and tourism, education or healthcare
HitPay
Finance · Paid · Free tier · Singapore, Malaysia, Philippines · EN / ZH / MS / ID
HitPay is a Singapore-headquartered payment platform designed specifically for SMEs and micro-merchants in Southeast Asia. It provides a comprehensive suite of payment tools, including a payment gateway for e-commerce, physical POS terminals, and a link-based payment system, supporting local payment methods like PayNow, GrabPay, and DuitNow.
HitPay is a payment provider for SEA SMEs, but its merchant footprint is narrower than its payment-method list suggests: its pricing page offers Singapore, Malaysia, Philippines and Global as merchant countries, and QRIS is not priced anywhere on it. Indonesia, Thailand and Vietnam appear only under Cross-Border Payments, where an Indonesian, Thai or Vietnamese customer pays a Singapore, Malaysian or Philippine merchant in their own local method (IDR 2% online / 1.5% in-person for Indonesia, THB 3.4% online for Thailand) with a 1% FX markup at settlement. Read the QRIS, PromptPay, VietQR and QRPH support below as customer-side acceptance, not as domestic acquiring in those markets. Its domestic Singapore rates, read on 2026-09-14: PayNow 0.65% + SGD 0.30 on transactions of SGD 100 and above and 0.9% with a SGD 0.20 minimum below that, domestic cards 2.8% + SGD 0.50, international cards 3.65% + SGD 0.50 with a 2% foreign-currency fee, WeChat Pay 1.5%, Shopback 3.9% + SGD 0.20, ShopeePay Later 5%, Atome 5.5%, no setup or monthly fee. PayNow is the cheapest method on the page, at under a quarter of the domestic card rate.
Best for: SMEs and micro-merchants in Singapore and Malaysia; E-commerce sellers needing a simple payment integration; Service-based businesses using payment links; Retailers looking for an affordable omnichannel solution
2C2P
saas-tools · Paid · SG, TH, MY, ID, PH, VN · EN
2C2P operates as 2C2P by Antom and is a payments company headquartered in Singapore. Its careers page lists 6 Southeast Asian markets (Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam), with offices in Singapore, Bangkok, Kuala Lumpur, Manila, Jakarta, Hanoi and Ho Chi Minh, and over 500 employees. It offers over 400 payment options, from cards and digital wallets to alternative payment methods. It holds a Major Payment Institution licence from the Monetary Authority of Singapore under the Payment Services Act 2019. Its airlines page says over 25 regional airlines trust it with payment processing, and that it is connected to more than 20 online travel agents.
2C2P states that it operates in 6 Southeast Asian markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. It lists offices in Singapore, Bangkok, Kuala Lumpur, Manila, Jakarta, Hanoi and Ho Chi Minh. It supports PromptPay in Thailand, QRIS in Indonesia, and Touch 'n Go and DuitNow in Malaysia. Its Thailand page says PromptPay is fully interoperable for cross-border payments with Malaysia, Singapore, Cambodia and Vietnam. Its homepage cites alternative payment acceptance at over 600,000 locations across Asia, and it holds a Major Payment Institution licence from the Monetary Authority of Singapore.
Best for: Airlines that want a payment controller with routing between multiple payment providers; Merchants selling in Thailand, Indonesia or Malaysia that need PromptPay, QRIS, Touch 'n Go or DuitNow; Merchants with international customers who want prices shown in local currencies; Merchants who want to offer 0% interest instalments over 3 to 36 months
SEA Operational Reasoning
Most comparisons of Malaysian gateways lead with a single headline rate, which misses the real split in this market: FPX has no regulated percentage at all, so gateways set their own flat or blended fee, while DuitNow QR carries an industry-coordinated rate near 0.25% that is still being phased in with small-merchant waivers rather than fixed by law. Once you know that, the decision comes down to volume and ticket size. For a lot of small FPX transactions, toyyibPay's flat RM1-RM2 fee or Billplz's from-RM0.75 rate usually beats a percentage-based gateway. For a store that wants to see its own rate instantly online rather than apply through a bank-style process, senangPay is the fastest self-serve option with a published formula. For broader rail coverage or multi-country ambitions, iPay88, Fiuu and HitPay are pay-per-transaction gateways that quote a rate at signup rather than publishing one flat number — worth comparing directly against the flat-fee options above on your actual mix. eGHL suits merchants who want a long-established bank-grade acquirer and are comfortable with an application process. 2C2P is built for larger, multi-country or travel-sector merchants needing full payment orchestration rather than a simple published rate card.
Related Expert Guides
The questions operators actually ask.
Is DuitNow QR's merchant fee regulated in Malaysia?
Not by a binding Bank Negara Malaysia rule the way Indonesia regulates QRIS at a flat 0.7%. PayNet, the DuitNow network operator, introduced a coordinated DuitNow QR MDR near 0.25% with waivers proposed for micro and small merchants, but this is an industry-coordinated rate rather than a hard regulatory cap — confirm the current waiver status with your bank or PayNet before assuming it applies to your business. FPX itself has no percentage MDR at all; it is a flat per-transaction fee set commercially by each gateway.
Does Bank Negara Malaysia cap payment gateway fees?
BNM's Payment Card Reform Framework caps card interchange — the wholesale fee between banks — at 0.10% for debit and 0.60% for credit, effective since 1 January 2023. That framework does not set the retail rate a gateway charges a merchant, and it does not touch FPX or DuitNow fees at all, which remain commercially negotiated.
Which Malaysian gateway is cheapest for FPX?
On published flat fees, Billplz (from RM0.75 per transaction) and toyyibPay (RM1 B2C, RM2 B2B) are the cheapest options specifically for FPX. senangPay's FPX rate (RM1 or 1.5%, whichever is higher) can cost more on larger tickets. eGHL, iPay88 and Fiuu don't publish a fixed FPX rate, so compare their actual quote against these three before committing.