MOLPay to set up e-commerce platform with MAD Incubator

Facilitating online payments

Online payment service provider, MOLPay, is partnering private Malaysian incubator, MAD Incubator, to create an e-commerce platform (view press release). Through the deal the companies hope to encourage and enable easier adoption of secured online payment payments by businesses. MOLPay’s role will incorporate establishing and maintaining all online data processing facility capabilities, including merchant approvals and maintenance to support real time payment transaction processing. The company will also implement a risk management system capable of detecting, managing and reporting the incidences of fraudulence transactions and unwarranted chargebacks that merchants deal on a daily basis.

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