- New API payout feature led to a 20 % –30 % transaction volume growth recently
- Says over 3 billion deals processed via its online gate &, stations
Following the launch of the first Indonesian JCB pay gate in partnership with Soft Space, senangPay, a local payment gateway, founded by Malaysian companies,  , has achieved major new goals.
The Asset’s Triple A Awards 2024, which the business received, praised for its dedication to offering firms a complete payment gateway solution with powerful yet easy API integration, was named Best Option Bills and Collections in Malaysia.
senangPay, which began as a simple solution for online transaction transactions for Malay enterprises, aims to guide the online payment trend by introducing innovative repayment options and features like SPayLater, Pay API, and its senangTap pay2phone have. Additionally, it intends to keep forming proper alliances with regional and private sector organizations. SenangPay is investing more in digital payment systems for both online and offline companies as consumers become more and more aware of this.
In 2021, senangPay was acquired by Doku, a qualified transaction finance company in Indonesia. CEO of Doku Chris Yeo stated that this collaboration has given senangPay more options for payment options, with nearly 30 options to choose from. SenangPay’s commitment to providing revolutionary payment options to SME vendors is reinforced by the new additions of JCB and SPayLater as repayment options.  ,
Yeo noted that the rise in payment options has resulted in significant increases in transactions, which are reflected by Malaysians ‘ growing preference for cashless transactions.
With the most advanced payment technology from Doku, Yeo said,” Both parties can effectively collaborate to help digitalize the Malaysian payment landscape, making it more seamless and effective for everyone.”
SenangPay, which has a base of over 3, 500 active merchants, claims it has processed over three billion transactions through its online payment gateway and physical terminals. The new API payout feature has seen a 20 % to 30 % increase in transaction volume in recent months.  ,
SenangPay was founded with the idea of enabling SMEs to go digital without any obstacles, and it has since developed into a feature-rich payment gateway that supports businesses of all sizes.
SenangPay adheres to PCI DSS compliance standards and is regulated by Bank Negara Malaysia. Mdec’s Malaysia Digital Status has recognized its commitment to security.  ,
Recently, senangPay announced a collaboration with Mdec’s De Rantau programme, which aims to position Malaysia as the premier digital nomad hub in the ASEAN region. This initiative seeks to enhance digital adoption, promote professional mobility, and encourage tourism throughout the country. The company stated that through this partnership, SMEs can access a two- year subscription to senangPay’s Advance package at an affordable rate of just US$ 0.5 ( RM0.25 ) per day.
Expanding its collaborative horizon, senangPay has partnered with Seedflex, a Shariah- compliant fintech company, to introduce its market- first Pay- As- You- Sell ( Pays ) Advance ™ financing solution. Merchants can receive a dynamic credit facility through Pays AdvanceTM as automated fractional deductions from upcoming sales. SME can access Pays AdvanceTM by simply registering their interest with SenangPay, receiving and paying it back quickly and hassle-free from their SenangPay account.
With the most recent payment options and features available, senangPay claims to have continued on its successful streak. SenangPay has been providing retail payment options since 2023, including the launch of both the physical payment terminals and the pay2phone mobile app. To help more SMEs, especially those in the retail sector, it will continue to promote these offline services in addition to its online offerings.