iPay88 Bags More Awards in 2016

iPay88 Sdn Bhd (‘iPay88’) – Malaysia’s leading online payment gateway provider in Asia, continues its winning streak with more awards this year. Two of iPay88’s Founders cum Executive Directors, Chan Kok Long and Lim Kok Hing, have jointly been shortlisted for the EY Entrepreneur Of The Year™ (EOY) 2016 Malaysia Technology Entrepreneur category.

“We are excited by the nomination for this prestigious award, and are grateful that iPay88 is part of the incredible innovators who are recognized as alongside Malaysia’s entrepreneurs who are trailblazing the efforts to uplift the nation’s international prestige,” said Chan.

Lim added, “We share a common vision of making an enormous difference to the country’s digital economy. Emerging as winning entrepreneurs motivates us endlessly to spearhead iPay88 as a proud Malaysian brand to the global market.

iPay88 Executive Directors, Lim Kok Hing and Chan Kok Long nominated under Technology Entrepreneur category for EOY 2016 award

iPay88 Executive Directors, Lim Kok Hing and Chan Kok Long nominated under Technology Entrepreneur category for EOY 2016 award

Eligible recipients considered for the EY Entrepreneur Of The Year National Awards can compete for the EY World Entrepreneur Of The Year™ Award. We are certainly honoured to have this chance to put Malaysia on the world map.”

Marking its 30th year milestone in 2016, the EOY awards program recognises entrepreneurs who have inspired, empowered and reshaped the world with their creativity and foresight to inject a vibrant optimism into markets – creating jobs, improving communities, growing the economy and therefore, building a better working world. EOY winners will be announced on 8th December 2016.

Bank Negara MyCLEAR and MDBA Awards

In Year 2016, iPay88 was also the recipient of the Malaysian e-Payments Excellence Awards 2016 – as Top FPX Acquirer (Non-Bank category), awarded by Bank Negara subsidiary, the Malaysian Electronic Clearing Corporation (MyClear).

This award recognises the outstanding achievements for excellent performance in  e-Payments efforts  by banks, businesses and government agencies.

Lim said, “As the Top FPX Acquirer award recipient, iPay88 will continue in its contribution to the market – as outlined in the National eCommerce Strategic Roadmap which is to doubling the eCommerce growth of the country to 20.8%, to touch a GDP of RM170 Billion by Year 2020.

Winning the Bank Negara MyClear award validates iPay88’s role since 2012 as a top Third Party Acquirer who is entrusted by the banks – as a single contact point for banks and financial institutions, to sign up good merchants for them after performing the necessary credit and risk assessment.”

Meanwhile, iPay88 was also recognised as one of the winners of the inaugural Malaysia Digital Business Awards (MDBA) 2016 – a platform to honour outstanding businesses which are making waves in the Digital Business Community as one of the catalysts and disruptors of change.

Among the trusted awards and accolades that iPay88 has received over the years included:

  1. Asia Pacific ICT Awards (APICTA) Merit Award in the Best Financial Application Category
  2. Bank Negara MyClear’s FPX Top Merchant Award
  3. Bank Negara MyClear’s Most Outstanding FPX Merchant Award


About EY Entrepreneur Of The Year® Award

EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognises the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognising them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

About FPX

The Financial Process Exchange (FPX) service makes eCommerce a reality for all retailers and merchants by making payments a simple, effortless process. All payments are concluded online in real-time basis, making the service as good as cash. Besides, it generates payment records, simplifies reconciliation and reduces risk, thereby encouraging more shoppers to shop online.

About the Malaysia Digital Business Awards (MDBA)

The MDBA is organised annually by the Malaysia Digital Chamber of Commerce, a non-governmental organisation who is at the forefront of promoting Digital Economy among industry practitioners in Malaysia. This event serves as a platform to celebrate and showcase Malaysia’s use of innovative and creative digital technology and as since received a phenomenal amount of interest and support from businesses and members of the public from across Malaysia.

About iPay88 Sdn Bhd (iPay88)

Set up in 2006 and headquartered in Kuala Lumpur. iPay88, an NTT Data company, is an ASEAN leader in providing online payment services and payment solutions for merchants with multiple financial institutions as business partners in Malaysia. It has established a strong position with a dominant market share (based on the number of transaction volume) and established e-commerce merchants already operating in Malaysia – including a diversity of established enterprises, multinationals, service providers and financial institutions. Building on the model propagated by iPay88 in Malaysia, that is, to provide its clients with a stable platform and comprehensive infrastructure to collect and process online payments securely, iPay88 has since catapulted into an online payment gateway solutions market leader locally, and has established its presence regionally in countries in Southeast Asia including Philippines, Indonesia, Thailand, Singapore and Vietnam.

iPay88 has received numerous awards including MSC status by Malaysia Multimedia Development Corporation (MDeC) in 2007, Merit Award in the Best Financial Application category in the Asia Pacific ICT Awards (APICTA) and since 2009, the Most Outstanding Merchant of Payment Model by FPX-MEPS. For more information on iPay88 as well as its products and services, visit www.ipay88.com.my

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