FPX
With FPX, consumers could make payments for online purchases by paying directly from their banking accounts. FPX provides consumers with the convenience to purchase and shop at their favourite retail websites and online stores. Similarly, companies can easily extend their businesses online by offering a quick and safe payment method to their customers.
Beginning February 2012, FPX is now available 24 hours a day, 7 days a week. The service makes e-commerce a reality for all retailers and merchants by making payments a simple, effortless process. All payments are conducted online in real time, making the service as good as cash. Plus, it generates payment records, simplifies reconciliation and reduces risk, thereby encouraging more shoppers to shop online.
Key Benefits:
- Convenient: Customers can shop and/or make payment online.
- Guaranteed Payment : Payments are conducted real-time online, thus customers/merchants are assured of payment. A notification to confirm payment is also provided to both parties.
- Unlock a new segment of markets: Via Internet, FPX reaches to a broader base of customer/merchant segments.
- Operational efficiencies: FPX enhances efficiency via automation and reduces the time taken from customer order stage to the payment stage. Merchants can offer another payment channel for non-credit cardholders. FPX also reduces operational costs.
- Secure: FPX uses authentication and certification to ensure transaction is secured.
FAQs