Where is iPay88 located?

iPay88 is headquartered in Kuala Lumpur, Malaysia.

Which legal entities is iPay88 associated with?

iPay88 is associated with IPAY88 SDN. BHD and 1 other.

How many employees does iPay88 have?

As of Jul 01, 2024, the latest employee count at iPay88 is 235.

Is iPay88 a funded company?

iPay88 is a funded company, having raised a total of $***** in its 1st and only funding round.

Where does iPay88 rank among its competitors?

iPay88 ranks 14th amongst 87 active competitors, of which 10 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was PayU, which secured $35.1M in Jul, 2025.

Who are the top competitors of iPay88?

iPay88's top competitors include PayU, Xendit and Flutterwave. Among them, PayU secured the most recent funding round in July, 2025.

iPay88 - 2026 Company Profile, Team, Funding, Competitors & Financials

iPay88 is an acquired company based in Kuala Lumpur (Malaysia), founded in 2006 by Chan Kok Long, Kok Hing Lim and Chong Lee Kean. It operates as an Online payment service provider. The company has 87 active competitors, including 10 funded and 14 that have exited. Its top competitors include companies like PayU, Xendit and Flutterwave.

Company Details

iPay88 is an online payment service provider for local online retailer or e-commerce merchant in Malaysia. The company provides payment gateway solutions, e-mail payment solutions, card security through tokenization, risk & fraud management, shopping cart technology services to e-commerce firms. Company's Malaysia business was acquired by NTT Data in September 2015.

Website: www.ipay88.com/
Social
Email ID: *****@ipay88.com.my
Phone Number: +60 **********

Key Metrics

Founded Year

2006

Location

Kuala Lumpur, Malaysia

Stage

Acquired

Investors

MAD Incubator

Ranked

14^th among 87 active competitors

Employee Count

235 as on Jul 01, 2024

Similar Companies

PayPal & 3464 more

Exit Details

Acquired by NTT DATA (Sep 04, 2015)

View iPay88's full profile

iPay88 is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
IPAY88 SDN. BHD CIN: 200601007071 , Malaysia, Active	Jan 01, 2006	-	-	-
IPAY88 (M) SDN. BHD. CIN: 200001019210 , Malaysia, Active	Dec 31, 2005	$22.1M (As on Dec 31, 2020)	-	-

iPay88 got acquired by NTT DATA on Sep 04, 2015.

Click here to take a look at iPay88's acquisition in detail

iPay88 is a funded company. iPay88 has 1 institutional investor.

View details of iPay88's funding rounds and investors

The founders of iPay88 are Chan Kok Long, Kok Hing Lim and Chong Lee Kean.

Here are the details of iPay88's key team members:

Chan Kok Long: Co-Founder of iPay88. They are also an angel investor in 1 startup.
Contact Info: 1 email address
Kok Hing Lim: Co-Founder of iPay88.
Contact Info: 1 email address
Chong Lee Kean: Co-Founder of iPay88.
Contact Info: 1 email address

View details of iPay88's Founder profiles and Board Members

iPay88's employee count trend

iPay88 has 235 employees as of Jul 24. Here is iPay88's employee count trend over the years:

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Top competitors of iPay88 include PayU, Xendit and Flutterwave. Here is the list of Top 10 competitors of iPay88, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PayU 2002, Amsterdam (Netherlands), Series C	Provider of payment solutions and credit products for online merchants	$35.1M	Naspers, Prosus & 4 others	84/100
2nd	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$533M	Accel, Coatue & 28 others	83/100
3rd	Flutterwave 2016, San Francisco (United States), Series D	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Avenir Growth Capital & 71 others	83/100
4th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Iconiq Capital, Index Ventures & 14 others	80/100
5th	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, JMI Management & 2 others	76/100
6th	Coda 2011, Singapore (Singapore), Series C	Provider of merchant of record services and global payment solutions	$710M	GIC, Insight Partners & 7 others	60/100
7th	Worldline Global 1970, Bezons (France), Public	Provider of payment processing solutions for merchants and financial institutions	-	Credit Agricole, Europa	59/100
8th	First Data 1971, Atlanta (United States), Acquired	Payments processing service provider	-	Stone Point Capital, W Capital Partners & 3 others	58/100
9th	Citcon 2015, Santa Clara (United States), Series C	Payment gateway solutions for accepting multiple payments	$49.8M	Norwest, Cota Capital & 16 others	58/100
10th	Equiniti 2002, Lancing (United Kingdom), Acquired	Provider of financial technology and payment processing solutions	-	Strategic Equity Capital, Riverside	58/100
14th	iPay88 2006, Kuala Lumpur (Malaysia), Acquired	Online payment service provider	-	MAD Incubator	49/100