Connectors / Payment methods / Shopee Pay

Shopee Pay

#e-Wallet

Shopee Pay is a popular digital payment method offered by Shopee, an Asian e-commerce platform. Shopee Pay allows users to make online payments conveniently and securely. Here is some […]

Certified payment providers 3
Market coverage 1
  • Malaysia
Currencies 1
  • Malaysia Ringgit
Description

Shopee Pay is a popular digital payment method offered by Shopee, an Asian e-commerce platform. Shopee Pay allows users to make online payments conveniently and securely. Here is some information about Shopee Pay:

Functionality: Shopee Pay operates on the basis of an electronic wallet. Users can add money to their Shopee Pay account by linking their bank account or using other accepted top-up methods. Once the Shopee Pay account is funded, users can make payments on Shopee and with partner merchants accepting Shopee Pay.

Usage on Shopee: Shopee Pay is integrated into the Shopee platform, allowing users to make payments when purchasing products on the site. It provides a seamless payment experience and facilitates online transactions.

Promotions and benefits: Shopee often offers promotions and special deals to encourage users to use Shopee Pay. This may include discounts, cashbacks, or special offers when using Shopee Pay for purchases.

Service expansion: Shopee Pay is not limited to payments on the Shopee platform. It has expanded into other areas such as payments at physical stores, utility bill payments, mobile top-ups, and more. It aims to become a versatile payment solution to cater to users’ needs in various aspects of their financial transactions.

Security: Shopee Pay implements security measures to protect user information and transactions. This may include two-factor authentication methods, data encryption measures, and continuous monitoring for suspicious activities.

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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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