MOLPay, 7-Eleven launch new payment option

KUALA LUMPUR: Online payment solutions provider, MOLPay, has teamed up with 7-Eleven Malaysia to launch a new innovative payment option for e-commerce merchants.

In a statement today, MOLPay said e-commerce merchants could now accept cash from consumers at the nearest 7-Eleven outlet and be notified of the payment in real time when payments were made through MOLPay.

"The new service, MOLPay CASH, will first be made available at selected 7-Eleven stores throughout the Klang Valley," it said.

MOLPay co-founder/chief executive officer, Eng Sheng Guan, said MOLPay CASH offered a fraud-free and convenient way to pay cash for online transactions while enabling merchants to reach a wider customer base that they may not have been able to cater to in the past.

"The consumers can choose to pay using the MOLPay CASH option besides the current payment options such as VISA and MasterCard in MOLPay payment page," Eng said.

He said MOLPay aimed to increase the merchants' sales by 40 per cent through this alternative payment method as MOLPay CASH used barcode for consumers to pay cash at the nearest 7-Eleven outlet.