FPX (Financial Process Exchange) is an online payment option by Paynet that allows consumers to make real time online payments using their current or savings account.
Paynet (previously known as MyClear), a wholly-owned subsidiary of Central Bank of Malaysia (Bank Negara) provides technical expertise as well as providing interbank switching and routing infrastructure for the banks. Paynet will also manage the clearing and settlement on behalf of the banks for its FPX service.
In May 2012, Paynet has appointed MOLPay as its first Non-Bank Acquirer (or Third Party Acquirer) for FPX in Malaysia, helping them to acquire online merchants for FPX through integration between merchants’ website and MOLPay payment gateway.
|Buyer Bank Name||Retail||Corporate|
|Affin Bank Berhad (B2C)||-|
|Affin Bank Berhad||-|
|Alliance Bank (B2B)||-|
|Alliance Bank (B2C)||-|
|AmBank Berhad (B2B)||-|
|AmBank Berhad (B2C)||-|
|Bank Islam Malaysi Bhd||-|
|Bank Kerjasama Rakyat Malaysia Berhad (FPX)||-|
|Bank Muamalat Malaysia Berhad||-|
|Hong Leong Bank||-|
|HSBC Bank (FPX)|
|Kuwait Finance House|
|Public Bank Berhad|
|RHB Bank Berhad|
|Standard Chartered Bank (B2B)||-|
|Standard Chartered Bank (B2C)||-|
|United Overseas Bank (B2B)||-|
|United Overseas Bank (B2C)||-|