Malaysia’s
PayNet, the national payments network and shared central infrastructure for that nation’s capital markets, has decided to work with
FassPay, a subsidiary of Soft Space, which will be a third-party acquirer for MyDebit, the country’s local debit card scheme.
This new appointment should allow Fasspay to acquire smaller merchants and provide them with its suite of payment solutions which includes their Tap on Phone Payment solution, Fasstap a product that allows merchants to use their own mobile devices like POS terminals to take card payments.
Merchants looking to sign up with Fasspay don’t have to be physically present as the onboarding and approval process (including Know-Your-Customer or KYC checks) is handled remotely via a step-by-step procedure that may be completed online.
Fasspay approved as third party acquirer for Malaysia s MyDebit finextra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finextra.com Daily Mail and Mail on Sunday newspapers.