FPX allows you to reach to a wider customer base including non-credit cardholders. In addition, you will enjoy real-time online payment and confirmation upon successful transactions. This will reduce your reconciliation requirements. In addition, you need not maintain accounts with multiple banks.
For individual banking account, maximum amount is limited to RM 30,000.00 per transaction
For corporate banking account, maximum amount is limited to RM 1,000,000.00 per transaction.
However, the above limit is subject to the customer’s Internet banking transaction limit, whichever is lower.
No. FPX service can support both payments by individual and corporation depending on the model subscribed by your merchant. Payment made by individual is known as Business to Consumer (B2C) model, while payment made by corporation is known as Business to Business (B2B) model.