FPX

FPX is a convenient and secure online payment solution in Malaysia. With FPX, customers can transfer money to multiple online bank accounts in real time. FPX is powered by MyClear, a wholly owned subsidiary of Bank Negara Malaysia. Its services are available to all businesses that provide products or services over the Internet.

FPX is a real-time online payment gateway, similar to UnionPay in China, which facilitates customers to make inter-bank transfers whenever they shop online or pay for goods and services online. When customers shop at online stores or websites, they only need an online banking account to use FPX to pay. For businesses, they only need to have a corporate online banking account to start accepting transaction payments from customers. All transactions and payments are secure and real-time.

FPX supports two payment modes

Business to Consumer (B2C)

This model facilitates payments for retail customers. A common use case is that an individual customer has an online banking account in one of the FPX participating banks, purchases goods/services online or pays bills from participating sellers, and deducts from his/her current or savings account.

Business to Business (B2B)

This model facilitates payments for corporate customers. A common use case is that a customer (company or organization) purchases goods/services or pays bills online from participating sellers in a corporate online banking account in FPX B2B Bank, and the money is debited from its current account. Businesses will get paid faster and it is easy to set up.

Fees and transaction limits for payments through FPX

For retail/personal bank accounts, the minimum limit per transaction is RM1.00 and the general maximum limit is RM30,000.

For corporate/corporate banking, the minimum limit per transaction is RM2.00 and the general maximum limit is RM1,000,000,000.

However, the upper limit of the above transaction amount is subject to the customer's personal online banking limit at the bank, whichever is lower.

Which banks does FPX support

FPX covers all the major banks in Malaysia. The detailed list of banks is: Affin Bank / Alliance Bank / AmBank / Bank Islam / Bank Rakyat / Bank Muamalat / BSN / CIMB Clicks / Hong Leong Bank / HSBC Bank / KFH / Maybank2U / Maybank2E / OCBC Bank / Public Bank / RHB Bank / Standard Chartered / UOB Bank