ePayments
Online payment service provider, MOLPay, is accepting the appointment of SME Corp Malaysia as a third party acquirer under SME Corp Malaysia’s Enabling ePayment for SMEs and Micro Enterprises programme (view press release).
SME Corp Malaysia’s Enabling ePayment for SMEs and Micro Enterprises Programme is an initiative under the Digital Malaysia to help SMEs and micro enterprises specifically the operators of night bazaar, flea market and small retail outlet to adopt ePayment.
“We glad to become a TPA appointed by SME Corp Malaysia. We believe through MOLCube, our mobile payment terminal, SMEs and Micro Enterprises [will be] able to accept ePayment without cost constraint and complicated implementation process,” said Eng Sheng Guan, CEO of MOLPay.
MOLCube is a mobile payment platform which facilitates the acceptance of cards through smartphones or mobile internet devices by swiping the card on the MOLCube chip card reader. The card reader can be integrated with the iOS devices and Android smartphones.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
