Certified payment providers 1
Market coverage 1
["Malaysia"]
Malaysia
Malaysia
Currencies 1
- Malaysia Ringgit
Description
MyClear FPX is a popular online payment method in Malaysia that allows consumers to make real-time payments from their online banking account.
FPX stands for Financial Process Exchange, which is a centralized and automated online payment processing system used in Malaysia. MyClear is the company that manages FPX.
With MyClear FPX, consumers can securely make online payments using their online banking account with one of the participating banks in Malaysia. Participating banks include CIMB Bank, Public Bank, Maybank, Hong Leong Bank, RHB Bank, Affin Bank, Alliance Bank, AmBank, Bank Islam, Bank Muamalat, HSBC Bank, OCBC Bank, Standard Chartered Bank, and UOB Bank.
To make a payment with MyClear FPX, the consumer selects this payment method during the online transaction and chooses their online bank. They are then redirected to their bank’s login page to authenticate and confirm the transaction. Once the transaction is approved, the funds are immediately debited from the consumer’s bank account and transferred to the merchant.
MyClear FPX is a convenient and secure payment method that is widely used for online payments in Malaysia. It is particularly popular for bill payments, online purchases, and peer-to-peer money transfers.
