iPay88 collaborates with PayPal to expand merchant sales beyond Malaysia

Crossing borders: (L to R) executive directors and co- founders of iPay88 Sdn. Bhd. Chan Kok Long, Lim Kok Hing and business development director and co-founder, Chong Lee Kean. The company is now collaborating with PayPal to allow iPay88 merchants to widen their sales beyond local borders.

Online payment solution provider iPay88 Sdn Bhd is now collaborating with PayPal to enable merchants who use iPay88 to expand their sales to the rest of the world.

According to KL Chan. executive director of iPay88, collaborating with PayPal allows some 10,000 eMerchants, which includes SMEs and large conglomerates in Malaysia, to expand their presence to more than 200 markets worldwide.

As part of the collaboration, merchants who are signing up for a PayPal account can now do so directly via iPay88 and an approval will be sent to the merchant within three working days.

After the quick signup process, iPay99’s online merchants will also be able to take advantage of PayPal’s multi-currency checkout and receive payments from ten other currencies on top of the Malaysian ringgit.

iPay88 has over 60% market share of the online payment gateway business, with customers that include Digi and TGV Cinemas, amongst others.

The company was acquired by Japanese system integration company NTT Data Corporation in October of 2015 as part of NTT Data's efforts to expand its business in the Asia Pacific region. 

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