What is MOLPay? MOLPay Review, Features

MOLPay was established in Malaysia at the end of 2005. It is the first third-party payment service company in Malaysia. It was originally named NBePay, and was later acquired by MOL AccessPortal Sdn. Bhd. and renamed MOLPay.

About MOLPay

MOLPay is the largest electronic payment provider for online goods and services in Southeast Asia. As of now, MOLPay's physical channels cover 920,000 physical sales points in 13 countries on four continents. The company also has mobile and electronic channels, accepting online payments and credit card services from 94 banks around the world.

MOLPay has a certain market share in the following countries, such as Malaysia, Thailand, Turkey, the Philippines, Brazil, Indonesia and Vietnam.

Main Products

MOLPay's main product is MOL Points, which can be used to purchase online game content, including Facebook game cards. Other businesses include MOLPay, an online content payment solution; MMOG.asia, an online game portal; MOLWallet, an online mobile payment system; and MOLReloads, a digital content and prepaid phone card business.

The following payment channels can be accessed through MOLPay

Malaysia: Credit cards (Visa & MasterCard) and online banking in Malaysia.

Singapore: eNETS, SingPost SAM.

Indonesia: Credit card, ATM Transfer (VA).

Philippines: Dragonpay.

Vietnam: Nganluong.

Australia: POLi Payments.

China: Alipay, UnionPay, Tenpay.

MOLPay payment covers almost most of Southeast Asia.

Payment Process

1. After creating an order, the user selects MOLPay as the payment method;

2. The page jumps to the MOLPay payment page, and the user selects a specific payment method, such as credit card or bank transfer;

3. Complete the payment.

Main Features

1. Real-time transactions, just like PayPal or credit cards.

2. Non-credit card transactions cannot be rejected.

3. Cheap transaction fees: Onecard charges merchants around 6-7%.

4. There is no deposit or revolving deposit, while PayPal or credit cards generally have a certain transaction deposit and a 10% revolving deposit, which puts a lot of pressure on the merchant's capital turnover.

5. Supports payment in multiple currencies including US dollar, Malaysian ringgit, Singapore dollar, Vietnamese dong, Indonesian rupiah and Philippine peso.