Financial Process Exchange or FPX provides Malaysia with the e-commerce infrastructure necessary for Internet-based debit processes. It is a national gateway that facilitates online domestic payments for business-to-business and business-to-consumer transactions. Use of this system opens up a much larger base of Malaysian companies for international business commerce.
Users of “Direct Debit Malaysia” are able to benefit from real-time transactions through their ability to make access to Malaysia’s growing domestic e-commerce marketplace easy and secure.
Benefits of this system include the ability to make and receive payments at anytime from any location desired. Specifically, online banking provides cost savings based on reduction of transaction time, as well as decreased paperwork and mail expenses.
Ecapay provides these real-time, online banking solutions with all Malaysia’s major banks. Our current connections include: Hong Leong Bank, Public Bank, CIMB (Bank Bumiputra Commerce), Bank Islam, Maybank and Pospay.