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iPay88 Bags More Awards in 2016


I. iPay88 continues winning streak with more awards recognising its leadership in digital payment gateway solution innovation and quality excellence.
II. Testament to iPay88’s commitments in striving for a seamless payment infrastructure towards a ‘cashless’ society in Malaysia

Kuala Lumpur, 28 November 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.

EY Entrepreneur of the year 2016 Malaysia

We are excited by the nomination for this prestigious award, and are grateful that iPay88 is part of the incredible innovators who are recognised 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.

Eligible recipients considered for the EY Entrepreneur Of The Year national award 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 globally 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. The Malaysian 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 (My-Clear).

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 winders of the inaugural Malaysia Digital Business Awards (MDBA) 2016 – a platform to honour out-standing 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
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