MOLPay offers a wide range of e-commerce payment solutions - from online payment acceptance and processing to fraud management to payment security.
Founded in 2005, MOLPay 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. MOL processes more than MYR1 billion transactions a year.
In May 2012, Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (Central bank of Malaysia) has appointed MOLPay as its non-bank acquirer for its Financial Process Exchange (FPX) service for online merchants.