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Fiuu (Razer Merchant Services), PayNet Enhance Payments for Foodpanda Merchants

May 16, 2023

Fiuu (formerly known Razer Merchant Services (RMS)), the B2B arm of Razer Fintech, has emerged as the first merchant acquirer to migrate FPX to DuitNow Online Banking/Wallets (DuitNow OBW), a new service on the real-time payments platform (RPP) from PayNet.

FPX is an existing version of PayNet’s e-commerce payment services, whereas DuitNow OBW is the enhanced version which allows customers to securely authenticate their purchases respectively without the use of OTPs. RPP enables seamless e-commerce purchases experience.

Fiuu is also now the first merchant acquirer to enable all three channels for PayNet’s RPP (DuitNow payment solutions), allowing both online e-commerce and offline physical merchants to accept payments with interoperability between participating banks and e-wallets.

Thirdly, Fiuu is also the first of its kind to enable a single integration API for PayNet’s RPP services, which allows its ecommerce merchants to seamlessly migrate to PayNet’s services, with no additional integration work needed – saving time and cost for its merchants.

Among the first to have access to these features are merchants on online food and grocery delivery platform foodpanda.

The payment experience is enhanced by re-directing customers to their preferred bank or e-wallet for subsequent login to authenticate the purchase.

With DuitNow OBW, customers can easily opt to pay for their foodpanda orders via online banking account and e-wallets, alongside other customary payment methods.

Repost from: Fintech Malaysia.