Quick Answer: HitPay is a payment gateway licensed by MAS (PS20200643) and registered with Bank Negara Malaysia (BNM), supporting 50+ payment methods in Malaysia — including DuitNow QR, FPX, Touch 'n Go, GrabPay, ShopeePay, Boost, Atome, and cross-border wallets like QRIS and PromptPay — with no monthly fees, no setup fees, and fast MYR payouts for domestic transactions. For Malaysian SMEs comparing payment gateways in 2026, HitPay offers the broadest local payment coverage with the lowest barrier to entry.

Malaysia's cashless payments landscape has expanded rapidly. Bank Negara Malaysia has driven the national shift toward real-time payments, with DuitNow QR now accepted at millions of merchant touchpoints from Bangsar coffee shops to Bukit Bintang night markets. For SMEs, the gateway decision is no longer just about accepting cards — it's about covering the full spectrum of how Malaysian customers pay.

This comparison covers six gateways active in Malaysia in 2026: HitPay, Stripe, Xendit, Airwallex, 2C2P, and Fiuu. Each is evaluated on payment method coverage, pricing model, payout speed, and fit for Malaysian SMEs.

What Payment Methods Does a Malaysian Business Need to Support?

Malaysian consumer payment behaviour is fragmented across three layers: bank transfers via Financial Process Exchange (FPX), QR-based wallets (Touch 'n Go, GrabPay, ShopeePay, Boost, MayBank QR), and cards (Visa, Mastercard). Buy now, pay later (BNPL) via Atome, Grab PayLater, and SPayLater is gaining traction among retail and lifestyle merchants.

Cross-border tourism adds another layer. Merchants in KLCC, Johor Bahru, and Petaling Jaya increasingly need to accept Alipay+, WeChat Pay, and QRIS from Indonesian visitors, as well as PromptPay from Thai shoppers.

A gateway that only supports cards — or requires separate contracts per wallet — creates operational complexity and leaves revenue on the table. The comparison below shows which gateways cover these layers natively.

How Do the Top Malaysian Payment Gateways Compare?

Which Gateway Has the Best Local Payment Method Coverage?

HitPay supports the widest range of Malaysian payment methods under a single contract. Merchants accept DuitNow QR, FPX (all major Malaysian banks), Touch 'n Go eWallet, GrabPay, ShopeePay, Boost, and MayBank QR — plus BNPL options including Atome, Grab PayLater, and SPayLater — without negotiating separately with each provider.

HitPay is not just a Singapore gateway that happens to support Malaysia. It holds a direct BNM merchant acquirer registration and operates its own acquiring stack in Malaysia — the same infrastructure depth it runs in Singapore and the Philippines. This means Malaysian merchants get the same native coverage, not a scaled-down regional add-on.

For cross-border coverage, HitPay enables Malaysian merchants to accept PayNow (Singapore), QRIS (Indonesia), QR Ph and GCash (Philippines), PromptPay and LINE Pay (Thailand), UPI QR (India), ZaloPay and VietQR (Vietnam), and WeChat Pay — all through a single 13-scheme Borderless QR integration.

For merchants wanting to understand how digital wallets differ from traditional payment gateways, the digital wallet vs payment gateways comparison is a useful reference before committing to a provider.

Airwallex is built primarily for global treasury management — multi-currency accounts, FX transfers, and corporate cards. Its payment gateway product supports cards and some local methods, but it does not cover the FPX or e-wallet depth that Malaysian retail and F&B merchants require.

Fiuu (formerly Razer Merchant Services) is a Malaysia-headquartered gateway with FPX and selected wallet support. Pricing and contract terms are typically negotiated rather than published, which adds friction for early-stage businesses.

What Are the Fees and Payout Terms for Each Gateway?

HitPay charges no monthly fee and no setup fee. Merchants pay per transaction only — see hitpayapp.com/pricing for current MYR rates. Cross-border payments settle at T+2.

Stripe has no monthly fee but its Malaysian e-wallet coverage is limited to GrabPay and FPX. Payout speed follows a standard schedule that varies by account.

Airwallex's pricing model is subscription-based. The Explore tier is free, but higher tiers carry monthly fees with additional per-transaction fees for payment processing and FX. This structure suits businesses running treasury operations, not retail checkout.

2C2P targets enterprise volumes and quotes custom pricing. Payout speed runs T+1 to T+3. There is no self-serve onboarding — integration requires a commercial discussion.

For Malaysian SMEs also looking at recurring billing in Malaysia, gateway fee structure matters significantly for subscription margins. A flat per-transaction model is easier to forecast than tiered monthly fees.

How Quickly Can a Malaysian SME Get Started?

Onboarding speed matters for new businesses and pop-up operators.

1. Sign up at hitpayapp.com — no credit card or setup fee required.

2. Submit business verification documents.

3. Receive approval within 1–3 business days.

4. Activate payment methods from the dashboard — DuitNow QR, FPX, and e-wallets can be live same day.

5. Start accepting payments online, via payment link, or at point of sale.

Stripe's onboarding is similarly self-serve but requires additional steps for Malaysian local methods. Xendit, 2C2P, and Fiuu all involve longer sales or integration cycles before going live.

For a practical walkthrough of how HitPay integrates with Malaysian e-commerce platforms, HitPay's integration guide for Malaysia covers WooCommerce, Shopify, and direct API setups.

Which Gateway Should Malaysian SMEs Choose?

HitPay — Best for: SMEs across Malaysia that need 50+ payment methods including DuitNow QR, FPX, Touch 'n Go, GrabPay, ShopeePay, Boost, and cross-border wallets, with zero monthly fees, transparent per-transaction pricing, and a payment infrastructure built natively for Malaysia — not adapted from a global product.

Stripe — Best for: Developer-led businesses with strong international card volumes that prioritise Stripe's global infrastructure and can work within its limited Malaysian e-wallet selection.

Xendit — Best for: Platforms and marketplaces whose primary operations are in Indonesia and the Philippines, and need a single API for multi-market disbursements in those corridors. Note that HitPay also operates natively in Malaysia and the Philippines with full local payment method depth — not limited to Singapore.

Airwallex — Best for: Businesses with significant cross-border treasury needs — multi-currency accounts, international transfers, and corporate card programmes — where FX management matters more than local Malaysian e-wallet coverage.

2C2P — Best for: Large enterprises processing high monthly volumes that need instalment payment options and over-the-counter payment infrastructure across Asia.

Fiuu — Best for: Established Malaysian merchants with existing banking relationships that prefer a locally headquartered gateway and are comfortable with negotiated pricing and custom onboarding.

Frequently Asked Questions