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Malaysia's GHL Systems launches internet payment business

AvantiKumar | April 21, 2014
MDeC COO Ng Wan Peng helps to launch the new service, which offers differentiated solutions to suit all businesses of all sizes, said GHL Systems CEO Raj Lorenz.

Raj Lorenz - GHL  mod

Photo - Raj Lorenz, Chief Executive Officer, GHL Systems Berhad.

 

GHL Systems has launched its internet payment business called eGHL, in Malaysia, which will allow online merchants from small, medium or large enterprises to start accepting payments for online transactions, said the online payment services provider.

Raj Lorenz, chief executive officer of GHL Systems, said eGHL allows online stores or e-commerce websites to accept "comprehensive and secured online payment options including FPX, MasterCard, Visa, Malaysian banks, internet banking payments, MCash, UnionPay and Alipay. eGHL is governed under Malaysia's Financial Services Act 2013."

"We are proud to be able to offer differentiated solutions for large, high volume online merchants as well as simpler and affordable solutions for smaller ones" said Lorenz.

"Online payment is still relatively small in absolute terms but it is growing exponentially in all the countries in which we operate," he said. "We will be expanding eGHL to Thailand and Philippines, where we have significant subsidiaries and we intend to become a major online payment service provider in Asean."

Lorenz said some of eGHL's features include:

  • PCI DSS Compliance - ensuring financial data is processed securely
  • Omni-payment channel
  • Real-time reporting
  • Robust fraud prevention system with fraud monitoring by dedicated risk team
  • 24x7 helpdesk support
  • Mobile shopping platform ready
  • Friendly API for easy integration
  • High load tolerance and flexibility in customization

 Includes banking sector

Lorenz said eGHL's value also included the banking sector. "Banks that have larger customers that require customized solutions for their online services can partner with eGHL to deliver a solution that fits their needs. eGHL's Bank-Connect solution handles high transaction loads and has the requisite high availability and contingency options that large online merchants require. In addition, eGHL's 7X24 local support and software customization capability differentiates it from other providers." 

National ICT agency Multimedia Development Corporation [MDeC] chief operating officer Ng Wan Peng helped to launch eGHL in the presence of representatives from Bank Negara Malaysia, MyClear, VISA, Mastercard, local commercial banks, channel partners and merchants.

"eGHL adds another driver to GHL's arsenal of payment products and services," said GHL Systems' Lorenz. "GHL, as an end-to-end provider of payment solutions is present not only in the physical high street but also in the virtual, online e-commerce space. eGHL augment's the group's TPA business (Transaction Payment Acquisition) which is a priority growth business for GHL group."

He added that eGHL has already partnered with some Malaysian shopping cart providers such as EasyStore, MyBizCart, Sitegiant, Square and webShaper to assist small and medium enterprises setup their online stores.

Listed on Bursa Malaysia [Malaysia Exchange], GHL Systems offers payment infrastructure and services with key operations in Malaysia, Thailand, Philippines and Australia.

 

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