Malaysia Payment SDK Introduction and Practical Exercise

I. Overview of the Malaysian payments market

Malaysia, the third largest economy in Southeast Asia, has seen explosive growth in its digital payments market in recent years. According to the latest statistics, the number of e-wallet users in Malaysia has exceeded 20 million by 2023, accounting for more than 60% of the country's population. The government's "cashless society" initiative has further accelerated the popularity of mobile payments.

Mainstream payment methods include:

• GrabPay: market share around 35%
• Touch 'n Go eWallet: market share around 30%
• Boost: market share about 15%
• Maybank QRPay: banking system representative
• FPX Online Bank Transfer

Comparative Analysis of Common Malaysian Payment SDKs

1. Razer Merchant Services SDK

specificities::

• Supports integration of multiple localised payment methods
• API response time <500ms
• PCI-DSS Level 1 Certification
  Applicable Scenarios: E-commerce platforms, game top-ups

2. iPay88 SDK

Advantageous features::