Financial Process Exchange (FPX) opens new doors for e-Commerce, in particular business to business (B2B) and business to commerce (B2C) payments.
FPX is an alternative payment channel for customers to make payment at e-market places such as websites and online stores.
It leverages on the Internet banking services of participating banks and provides fast, secure, reliable, real-time online payment processing. FPX provides a complete end-to-end business transaction, resourceful payment records, simplified reconciliation and reduced risks as fund movements are between established financial institutions.
Supported by the local financial institutions, FPX is operated by FPX Payment Gateway Sdn Bhd, a subsidiary company of Malaysian Electronic Payment System Sdn Bhd (MEPS).