Payment Gateway Malaysia: FPX, DuitNow and Card Fees Compared 2026
A neutral comparison of Malaysian payment gateways — iPay88, Fiuu, senangPay, toyyibPay, Billplz, eGHL, HitPay and 2C2P — on FPX and DuitNow fees, card rates, and setup, plus the regulatory fact most vendor pages skip.
Malaysia's FPX bank-transfer rail has no fixed regulated fee at all, unlike Indonesia's QRIS — FPX pricing is a flat per-transaction charge set commercially by each gateway. DuitNow QR has a PayNet-coordinated rate near 0.25%, with waivers proposed for small merchants, but that is an industry-coordinated figure rather than a binding Bank Negara Malaysia rule, so confirm current status with your bank before assuming it applies. On published rates, toyyibPay and Billplz are the cheapest flat-fee options for FPX; senangPay is the fastest self-serve signup with a published percentage-or-flat rate; iPay88, Fiuu and eGHL don't publish a fixed FPX rate and quote at signup; 2C2P is built for enterprise and multi-rail orchestration rather than a simple published rate card.
| Gateway | FPX / DuitNow fee | Strength | Setup |
|---|---|---|---|
| iPay88 | Pay-per-transaction, rate confirmed at signup (not published) | 50,000+ Malaysian merchants; wide bank-rail coverage | Free, self-serve |
| Fiuu (ex-MOLPay) | Pay-per-transaction, rate confirmed at signup (not published) | 110+ payment methods across 6 SEA markets in one integration | Free, self-serve |
| senangPay | RM1 or 1.5% (whichever is higher) | Instant online signup, no bank application | Free, instant |
| toyyibPay | RM1 (B2C) / RM2 (B2B) flat | Cheapest flat FPX fee for low-ticket sales; free B2C fee for registered non-profits | RM100 one-time + RM100/yr |
| Billplz | From RM0.75/transaction (flat) | Lowest published flat FPX fee in this comparison | Free, self-serve |
| eGHL | Custom quote (not published) | Long-established bank-grade acquirer with BNPL options | Application-based |
| HitPay | Pay-per-transaction (rate not itemized for Malaysia) | Cross-SEA reach beyond Malaysia (SG, TH, ID, PH, VN) | Free, self-serve |
| 2C2P | Custom/usage-based (enterprise quote) | Full orchestration platform for large, multi-country merchants | Sales-assisted |
SEA Operational Reasoning
Most comparisons of Malaysian gateways lead with a single headline rate, which misses the real split in this market: FPX has no regulated percentage at all, so gateways set their own flat or blended fee, while DuitNow QR carries an industry-coordinated rate near 0.25% that is still being phased in with small-merchant waivers rather than fixed by law. Once you know that, the decision comes down to volume and ticket size. For a lot of small FPX transactions, toyyibPay's flat RM1-RM2 fee or Billplz's from-RM0.75 rate usually beats a percentage-based gateway. For a store that wants to see its own rate instantly online rather than apply through a bank-style process, senangPay is the fastest self-serve option with a published formula. For broader rail coverage or multi-country ambitions, iPay88, Fiuu and HitPay are pay-per-transaction gateways that quote a rate at signup rather than publishing one flat number — worth comparing directly against the flat-fee options above on your actual mix. eGHL suits merchants who want a long-established bank-grade acquirer and are comfortable with an application process. 2C2P is built for larger, multi-country or travel-sector merchants needing full payment orchestration rather than a simple published rate card.
Related Expert Guides
The questions operators actually ask.
Is DuitNow QR's merchant fee regulated in Malaysia?
Not by a binding Bank Negara Malaysia rule the way Indonesia regulates QRIS at a flat 0.7%. PayNet, the DuitNow network operator, introduced a coordinated DuitNow QR MDR near 0.25% with waivers proposed for micro and small merchants, but this is an industry-coordinated rate rather than a hard regulatory cap — confirm the current waiver status with your bank or PayNet before assuming it applies to your business. FPX itself has no percentage MDR at all; it is a flat per-transaction fee set commercially by each gateway.
Does Bank Negara Malaysia cap payment gateway fees?
BNM's Payment Card Reform Framework caps card interchange — the wholesale fee between banks — at 0.10% for debit and 0.60% for credit, effective since 1 January 2023. That framework does not set the retail rate a gateway charges a merchant, and it does not touch FPX or DuitNow fees at all, which remain commercially negotiated.
Which Malaysian gateway is cheapest for FPX?
On published flat fees, Billplz (from RM0.75 per transaction) and toyyibPay (RM1 B2C, RM2 B2B) are the cheapest options specifically for FPX. senangPay's FPX rate (RM1 or 1.5%, whichever is higher) can cost more on larger tickets. eGHL, iPay88 and Fiuu don't publish a fixed FPX rate, so compare their actual quote against these three before committing.