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FPX

Revised 2026-09-14 · 3 sources

A2A / bank transfer / RTPOnline checkoutAsia
Currencies
MYR

About

FPX is Malaysia's bank-to-bank online payment scheme run by PayNet, a dominant e-commerce checkout option via internet banking. Operator: PayNet (Payments Network Malaysia). Est. users: Tens of millions of users (2025).

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At a glance
Category
A2A / bank transfer / RTP
Currencies
MYR
Type
Online checkout
Region
Asia
Sources
  • PPRO: FPX users spend over US$150 million annually with e-commerce merchants. Bank transfer is the second-most used payment method in Malaysia at 30% share, against 87% banked population. No user count is published - this is spend, not customers.
  • NO DATA on FPX specifically. Context: PayNet processed 8.44 billion digital transactions across all Malaysian rails in 2025, of which DuitNow accounted for 4.5 billion (see the DuitNow row). FPX is a material share of the remainder alongside JomPAY and cards, but PayNet does not break it out, and apportioning it would be guesswork.
  • PPRO: Refunds, partial refunds and multiple partial refunds supported. Recurring, one-click and in-store/POS supported. Chargeback risk present. Consumer currency MYR, settlement USD.
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