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iPay88 merchants can now register with PayPal

By Azizul Rahman Ismail - on 28 Jun 2016, 4:52pm

iPay88 merchants can now register with PayPal

(From L-R): Chan Kok Long and Lim Kok Hing, Executive Directors and Co- Founders of iPay88 Sdn Bhd; and Chong Lee Kean, Business Development Director and Co-Founder of iPay88 Sdn Bhd.

iPay88 Sdn Bhd today announced a collaboration with PayPal to promote and facilitate cross-border trade for iPay88 merchants. The move creates an opportunity for small business to expand beyond just the local economy.

This gives existing and future iPay88 merchants access to PayPal’s 184 million active accounts and trusted presence in more than 200 markets.

“iPay88’s existing customer base currently consists of close to 10,000 eMerchants - which include SMEs and large conglomerates in Malaysia. However, there is also a large, untapped market of businesses and companies which are still considering moving into the online eCommerce sector. This collaboration with PayPal is timely as it will help capture this market effectively by offering both online banking and credit card payment options,” said K.L. Chan, Executive Director of iPay88.

Interested merchants can sign up for a PayPal account directly from iPay88 and an approval for the Merchant ID will be sent within three working days for the merchants to enable the credit card payment option on their eCommerce page.

“We are extremely pleased to collaborate with Malaysia’s leading online payment provider, iPay88, to support local businesses in selling overseas. It has always been a challenge for businesses, especially small ones, to expand and sell overseas. PayPal is committed to helping them grow by leveraging the power of eCommerce, which gives them a level playing field when competing with larger export houses. We hope that with our support, local businesses can better understand where the growth opportunities lie, build strong trust relationships and become increasingly mobile. This will provide them with the opportunity to tap into current trends, attract the global consumer and become competitive players in the global marketplace,” Rahul Shinghal, General Manager for PayPal Southeast Asia.

For more on iPay88, please click here.