The new service will enable ecommerce merchants to accept cash from consumers at the 7-Eleven outlet and get notified when payments are made through MOLPay. All 1,569 7-Eleven stores in Malaysia will be providing with this service by July 2014.
On the online merchant websites, consumers can choose to pay using the MOLPay CASH option, beside the current payment options. MOLPay CASH uses barcodes for consumer to pay cash at the nearest 7-Eleven outlet.
In Malaysia, 60% of the population prefers cash payment, a percentage even higher in the Philippines (74%), Thailand (68%) and Vietnam (61%), according to a recent report by Nielsen’s Global Saving and Investment Strategies.
MOLPay is a payment gateway in Southeast Asia that provides global credit card processing and alternative payments including online banking, physical cash payment at convenience stores, over the counter, kiosk.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.