MOLPay cooperates with VTC Pay to expand its payment market in Vietnam
VTC Pay
30/08/2016 14:53
In August 2016, MOLPay officially cooperates with VTC Pay (under VTC Technology and Digital Content Company – VTC Intecom), E-wallet and Payment Gateway service provider, to enhance its payment methods in Southeast Asia, especially in Vietnam.
MOLPay, the largest buyer reach payment service provider which caters for 300 million unbanked consumers in Southeast Asia has 80,000 payment points in SEA. By consistently enhancing end users’ payment experiences, MOLPay is leading the Mobile Payment Industry in SEA. MOLPay has been humbly serving over 5000 merchants in 8 countries with more than 170 processing currencies and 110 payment options. MOLPay offers a wide range of e-commerce payment solutions – including payment over the counter through MOLPay Cash at physical outlets such as convenience stores.
Each type of payment gateway has different functions and properties which help business owners in choosing the best option that suits their products/services as well as their target customers. After integrating MOLPay, enterprises will have:
+ MOLPay Mobile XDK: A mobile payment gateway integration tool which caters for any mobile application development tools with promising UI and UX.
+ MOLPay CASH: Great method for customers without a debit/credit card, Internet banking to shop online and pay with Cash at convenient stores.
+ MOLPay Loyalty Program: In partnership with BCARD, the Malaysia's first loyalty program that enables online points collection and redemption at all BCARD and MOLPay's online & offline participating merchants.
+ BOXiT Parcel Lockers: An ideal drop off solution for consumers that are working or are not always at home. The service allows you to collect your parcel deliveries at any time; 24-hours a day, 7-days a week at convenient and secure locations.
+ Seamless Payment: Where payments are made easy without having to leave the merchant's site to make payment. This feature has significantly reduced the abandoned rate because it eliminates customer's doubt when their payment is redirected to another site.
+ Secure 1-Click Payment: Designed to securely save customer's card details to make payment easier on their next purchase. While this feature increases checkout experience, it also has been proven to reduce cart abandon rate.
+ Recurring Payment: An automated charging/payment method that reduces risk of late payments and improves cash flow, especially for companies with flexible payment schedule.
+ Escrow Payment: The 3rd party service that collects, holds, and disburses fund on behalf of the marketplace according to Buyer and Seller instructions.
+ Mass Payment: A payout service, which saves merchants' valuable time by making multiple transactions at one-go.
+ Marketplace Payment: Designed specifically for marketplace to manage payments when they have multiple sub merchants that sell products and/or services on their platform.
+ MOLWallet: Online mobile payment processing, and a money transfer system that is designed to effectively replace a physical wallet with mobile phone.
Under VTC Multimedia Corporation, VTC Technology and Digital Content Company (VTC Intecom) has researched and developed a very successful e-wallet – payment gateway VTC Pay with more than 1 million users in Vietnam. VTC Pay currently supports customers’ payment in 500 e-commerce websites, allows payments via 31 domestic banks and 3 international card organizations. At the moment, it is among a few Vietnamese service providers that have received Payment Card Industry Data Security Standard (PCI-DSS) as well as the license to provide Intermediate payment service issued by the State Bank.
MOLPay’s representative, Mr. Oon Wee Keong – Co-founder & Chief Operating Officer of MOLPay said: “We are delighted to sign cooperation contract with such important strategic partner like VTC Pay. With this cooperation, we hope to bring enterprises in Southeast Asia in general and Vietnam in particular an online payment solution that is safe, secured and convenient in both online and offline. And as the result, it will help all parties increase revenue, profit and sales.”
“Vietnam is one of the fastest developing e-commerce markets in Asia with thousands of new online sales websites each month. We believe that with this cooperation, VTC and MOLPay will bring e-commerce merchants in Vietnam a fast, safe, convenient payment solution for their customers. As a result, it further promotes the development of e-commerce in the region” – Mr. Eng Sheng Guan, Co-founder & CEO of MOLPay, added.
With the rapid growth of technology every day, modern payment service such as VTC Pay and MOLPay will certainly become customers’ favorite. Hopefully, by cooperating with partner like MOLPay, VTC Pay will be able to deliver better services and utilities for customers not only in Vietnam but the world as well.
Contact us for more detailed information:
E-wallet - Payment gateway VTC Pay
Hotline: 19001530
Website: hotro.vtc.vn
Facebook: https://www.facebook.com/vtcpay
This cooperation gives MOLPAY’s merchants easy access to Vietnam’s market using VTC Pay’s payment methods
| About MOLPay |
MOLPay, the largest buyer reach payment service provider which caters for 300 million unbanked consumers in Southeast Asia has 80,000 payment points in SEA. By consistently enhancing end users’ payment experiences, MOLPay is leading the Mobile Payment Industry in SEA. MOLPay has been humbly serving over 5000 merchants in 8 countries with more than 170 processing currencies and 110 payment options. MOLPay offers a wide range of e-commerce payment solutions – including payment over the counter through MOLPay Cash at physical outlets such as convenience stores.
Each type of payment gateway has different functions and properties which help business owners in choosing the best option that suits their products/services as well as their target customers. After integrating MOLPay, enterprises will have:
+ MOLPay Mobile XDK: A mobile payment gateway integration tool which caters for any mobile application development tools with promising UI and UX.
+ MOLPay CASH: Great method for customers without a debit/credit card, Internet banking to shop online and pay with Cash at convenient stores.
+ MOLPay Loyalty Program: In partnership with BCARD, the Malaysia's first loyalty program that enables online points collection and redemption at all BCARD and MOLPay's online & offline participating merchants.
+ BOXiT Parcel Lockers: An ideal drop off solution for consumers that are working or are not always at home. The service allows you to collect your parcel deliveries at any time; 24-hours a day, 7-days a week at convenient and secure locations.
+ Seamless Payment: Where payments are made easy without having to leave the merchant's site to make payment. This feature has significantly reduced the abandoned rate because it eliminates customer's doubt when their payment is redirected to another site.
+ Secure 1-Click Payment: Designed to securely save customer's card details to make payment easier on their next purchase. While this feature increases checkout experience, it also has been proven to reduce cart abandon rate.
+ Recurring Payment: An automated charging/payment method that reduces risk of late payments and improves cash flow, especially for companies with flexible payment schedule.
+ Escrow Payment: The 3rd party service that collects, holds, and disburses fund on behalf of the marketplace according to Buyer and Seller instructions.
+ Mass Payment: A payout service, which saves merchants' valuable time by making multiple transactions at one-go.
+ Marketplace Payment: Designed specifically for marketplace to manage payments when they have multiple sub merchants that sell products and/or services on their platform.
+ MOLWallet: Online mobile payment processing, and a money transfer system that is designed to effectively replace a physical wallet with mobile phone.
| MOLPay cooperate with VTC Pay bring Vietnamese customers safe and modern payment methods |
Under VTC Multimedia Corporation, VTC Technology and Digital Content Company (VTC Intecom) has researched and developed a very successful e-wallet – payment gateway VTC Pay with more than 1 million users in Vietnam. VTC Pay currently supports customers’ payment in 500 e-commerce websites, allows payments via 31 domestic banks and 3 international card organizations. At the moment, it is among a few Vietnamese service providers that have received Payment Card Industry Data Security Standard (PCI-DSS) as well as the license to provide Intermediate payment service issued by the State Bank.
MOLPay’s representative, Mr. Oon Wee Keong – Co-founder & Chief Operating Officer of MOLPay said: “We are delighted to sign cooperation contract with such important strategic partner like VTC Pay. With this cooperation, we hope to bring enterprises in Southeast Asia in general and Vietnam in particular an online payment solution that is safe, secured and convenient in both online and offline. And as the result, it will help all parties increase revenue, profit and sales.”
“Vietnam is one of the fastest developing e-commerce markets in Asia with thousands of new online sales websites each month. We believe that with this cooperation, VTC and MOLPay will bring e-commerce merchants in Vietnam a fast, safe, convenient payment solution for their customers. As a result, it further promotes the development of e-commerce in the region” – Mr. Eng Sheng Guan, Co-founder & CEO of MOLPay, added.
With the rapid growth of technology every day, modern payment service such as VTC Pay and MOLPay will certainly become customers’ favorite. Hopefully, by cooperating with partner like MOLPay, VTC Pay will be able to deliver better services and utilities for customers not only in Vietnam but the world as well.
Contact us for more detailed information:
E-wallet - Payment gateway VTC Pay
Hotline: 19001530
Website: hotro.vtc.vn
Facebook: https://www.facebook.com/vtcpay
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