MEPS FPX (Launched in 2004)

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).

Key Benefits:

  • Convenient: Customers can shop and/or make payment online.
  • Guaranteed Payment : Payments are conducted real-time online, thus customers/merchants are assured of payment. A notification to confirm payment is also provided to both parties.
  • Unlock a new segment of markets: Via Internet, FPX reaches to a broader base of customer/merchant segments.
  • Operational efficiencies: FPX enhances efficiency via automation and reduces the time taken from customer order stage to the payment stage. Merchants can offer another payment channel for non-credit cardholders. FPX also reduces operational costs.
  • Secure: FPX uses authentication and certification to ensure transaction is secured.

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