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FPX

#Bank Transfer#Instant Payment

FPX (Financial Process Exchange) is a popular online payment method in Malaysia, developed by PayNet, a consortium of Malaysian banks. FPX allows users to transfer money directly from their […]

Certified payment providers 5
Market coverage 1
  • Malaysia
Currencies 1
  • Malaysia Ringgit
Description

FPX (Financial Process Exchange) is a popular online payment method in Malaysia, developed by PayNet, a consortium of Malaysian banks.

FPX allows users to transfer money directly from their bank account to the beneficiary’s account in real-time, without the need for credit or debit cards. Users can make online payments for a variety of services such as utility bills, online purchases, peer-to-peer money transfers, loan payments, and donations.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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