Online payment solution provider iPay88 Sdn Bhd announced a collaboration with PayPal to promote and facilitate cross-border trade for its merchants. This partnership will let iPay88’s merchants leverage PayPal’s 184 million active accounts and presence in more than 200 markets. Online merchants can also benefit from PayPal’s multi-currency checkout.
iPay88 executive director Chan Kok Long said iPay88 has close to 10,000 merchants, comprising SMEs and large conglomerates in Malaysia. He noted there is also a large untapped market of businesses that are still contemplating entering the online eCommerce sector. He added that the collaboration with PayPal is timely to help capture this market as it offers both online banking and credit card payment options.
Merchants can sign up for a PayPal account via iPay88 and receive approvals for the Merchant ID within three working days.