iPay88 is the dominant online payments brand in Malaysia. In 2020 its merchants processed over 360 million transactions across iPay88’s payment gateway network with a total transaction value (TTV) of approximately $10 billion (RM2.5 billion per month and RM30 billion for the year using an RM:AUD exchange rate of 3.00). This represents 50% of the total online transaction and payment market in Malaysia as reported by iPay88 on 16 November 2020.
