Coincidently a project I’ve been working on requires integration with IPay88 (Malaysia) payment gateway support with Commerce. Chan Kok Long, iPay88’s co-founder and executive director of iPay88, said up to 700 additional new merchant users will sign by end 2015. Both subsidiaries are awarded MSC status by Malaysia Multimedia Development Corporation (MDeC). You may also register for IPay88’s merchant account with me. Bhd. For the year 2015, Chan expects a higher level of growth at 50 percent due to the strong general market move towards eCommerce adoption.”With an unwavering focus on Product Development and building a strong trusted network with Financial Service Providers such as banks, iPay88 is at an important crossroad which may see strategic partnerships to expand its brand exponentially across the regional market,” he said.
NTT Data Corporation, a Japanese IT company, has completed the acquisition of Malaysian payment company iPay88, through its subsidiary NTT Data Asia Pacific. The integration of both companies’ solutions will enable NTT to co-offer multiple advanced-and-competitive electronic payment services. “We are very fortunate to have the trust of many of the big name players like Lazada, Rakuten, as well as the newly launched 11street by Celcom-SK Planet and Logon by SinChew, to adopt iPay88’s online payment system for their bread and butter operations which is in eCommerce,” said Chan. The transaction will help the group to gain foothold in the Asia-Pacific online payment space, dealstreetasia.com reports. It partners multiple financial institutions in Malaysia. iPay88, established in 2006, is an online payment service and payment solutions provider for merchants. In the Philippines, iPay88 has four of the country’s largest conglomerates as its customers: SM Investments Corporation, Ayala Corporation, Bank of the Philippine Islands and Ramcar Group of Companies. The acquisition will also give iPay88 access to technological advancement and a newer research and development (R&D) house. Commenting on expansion plans, Chan cited a recent Forbes study, which said Malaysia’s eCommerce transactions value was expected to touch RM5 (US$1.19) billion in year 2015. In Indonesia, seven Indonesian banks including Bank Central Asia (BCA), Bank Mandiri, Bank CIMB Niaga, Bank Internasional Indonesia (BII), Bank Danamon and Bank Muamalat Indonesia – have integrated iPay88 as part of their online banking facilities. Regional expansion, customisation Chan added that some of the new regional customers that iPay88 has acquired in the last quarter include China-based Xiamen Airlines, KTM (Keretapi Tanah Melayu), Hilton Hotel, Padini and Tune Money. I’m also available for Drupal module and theme development services. The reason for the acquisition was to adapt to the needs of iPay88’s clients who are going global as well, the source cites, quoting an official of NTT Data. iPay88’s existing customers include large conglomerates, GLCs (government linked companies), SMEs (small and medium enterprises) and SOHOs (small offices/home offices). If you have any issues with the module, do file an issue at the project’s issue tracker page. Contact me for more information. Following the deal, iPay88, which is in the online payment service and payment solution provider space in Malaysia, will be integrated into NTT as a subsidiary, the group said in a statement on its website, the source cites. Bhd. “This further expands and diversifies the company’s existing base of SME and large corporations, which are rapidly embracing eCommerce as a more significant way of their business operations,” he said. Hence to help these (businesses) to transition and adopt eCommerce, iPay88 has to have the ability to very quickly and effectively customise our online payment solutions to cater to unique operational processes of these businesses,” he said. NTT Data stated that it is seeking to develop business synergies leading to further expansion of business in the payment field in the Malaysia market and the Asia-Pacific region by utilising the combination of NTT Data’s IT solutions centered around the CAFIS (Credit And Finance Information System) with iPay88’s online payment business processing systems for merchants and financial institutions as well as its strong customer base. “Today, after a consistent year-on-year customer base growth of about 25 percent during the last three boom years of eCommerce in this country, we can safely claim that iPay88 is the clear market leader and No.1 trusted choice that any business would look to partner with for all online payment gateway and digital transactional system,” he said. “This is driven by the country’s current position as the biggest eCommerce market in Southeast Asia, recording one of the highest ‘online transactions per capita’ in Southeast Asia.”As well as Malaysia’s rapidly expanding eCommerce sector, Chan reiterated that iPay88’s “biggest competitive factor for the company to stay at the leading edge is its Product Development capability.””Many physical brick-and-mortar businesses have their own supply chain and business model. Mobile88.Com Sdn. Keywords: Japan, NTT Data, Malaysia, online payments, payments processor, acquisition, iPay88, purchase, electronic payments.
iPay88 is the online payment service and solution of The Mobile88 Group of Companies. We help online stores to accept comprehensive of online payment options such as credit cards, local direct bank transfer, e-wallets, etc. (established in year 2005) are the two subsidiaries to help the group to market iPay88 locally and regionally. I’m now proud to release my first Drupal Commerce payment gateway interface module to the community out there 🙂 Specifically for Malaysian users, you may head on to the Commerce IPay88 project page and download. Revolutionising the market Chan said that iPay88 has in plans to introduce new digital payment solutions, which will ‘revolutionize’ the market.”For example, we are seeing that the insurance sector is very fond of Email Payment or ‘Request for Payment’; while mPOS (Mobile Point-of-Sale) that is the leverage of smartphones as a payment device will totally revolutionize the playing field of sales and services agent-centric businesses such as multi-level marketing and F&B outlets,” he said. to complete a sales transaction via Internet channel securely. (established in year 2000) and iPay88 Sdn. “This very unique capability has enabled iPay88 to win many new customers; and this is why we continually invest up to 30 per cent of our company’s total earnings back into Product Development and Research & Development (R&D) which is key to assist our customers jump onto the eCommerce bandwagon,” said Chan “iPay88 also has very strong customer base in the SEA regional market especially in Philippines and Indonesia, as they have been actively acquiring customers in those markets since its inception in 2006,” he added. Chan said the company’s strong position, with almost 8,000 customers already signed up, can be partly attributed to its proprietary online payment gateway system, which has been continuously enhanced since 2006. Having secured more than 60 percent market share in its home country, Malaysian online payment company iPay88 has announced plans to dominate the region’s online payment sector. iPay88 started its first operation in Kuala Lumpur, Malaysia after compliant with Malaysia Payment System Act 2003 in year 2006. Besides, online payment processing, iPay88 also provide easy payment scheme facility, payment gateway solution, risk management consultation to the clients.
I’ve been playing around with Drupal Commerce lately and I really like the fact that its very well organised and modular. Among them are established brands such as Genting Resort World, Syarikat Air Negeri Sembilan (SAINS), Perbadanan Kemajuan Negeri Selangor (PKNS), The Star Publication, Bonuslink, Jobstreet, Tokio Marine, TuneTalk, and Digi. As always, please backup your site first and run tests with your IPay88 demo merchant account before putting the site to production mode. The payment business is now focusing on mobile POS systems to capture card present transactions as value-added services in markets to expand business in line with direction of building a cashless society.