MOLPay Easy Payment Scheme aims to enable merchants to sell more by helping online shoppers to convert a credit card transaction into an installment with tenure of 6 months, 12 months or any other tenure offered by the credit card company.
After the online shoppers completes the transaction via MOLPay by using one of the twelve Malaysia’s credit card companies who issued Visa and MasterCard credit card, they can convert the particular transaction into monthly installment and settle the payment with the card companies on monthly basis instead of one-time payment settlement. The supporting banks include AEON Credit, Affin Bank, Bank Simpanan Nasional, CIMB Bank / Direct Access, Citibank, Hong Leong Bank, HSBC Bank, Maybank, MBF Card, Public Bank, RHB Bank, Standard Chartered Bank.
MOLPay which was formerly known as NBePay was founded in 2005 and has been acquired by the MOL Global Group in August 2011. MOLPay currently has more than 2,500 online merchants and is compliant with global security standards.
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