Top BigPay alternatives for Malaysian businesses

Take a look at these five BigPay alternatives that offer international transfers, payment collection, and multi-currency support

Key takeaways

• BigPay is a personal MYR digital wallet for everyday payments and international transfers, and doesn’t provide business or multi-currency accounts
• Alternatives include WorldFirst, Sunway Money, PayPal, MoneyMatch, and Instarem Business
• WorldFirst enables businesses to receive, hold and convert USD and MYR, and make cross-border payments in USD, MYR and CNH
• Sunway Money provides international business transfers across multiple global destinations.
• PayPal enables businesses to accept customer payments online and send payouts to recipients across international markets
• Instarem Business supports SME cross-border payments, international collections and bulk salary payments
• MoneyMatch focuses on outbound business payments and supports bulk transfers

BigPay is a digital wallet designed for personal payments, transfers and everyday money management.¹ Malaysian users can make domestic and international payments through its app, but accounts hold MYR balances only, and non-MYR card transactions can incur currency conversion fees of up to 1% plus network charges.^1,2,3 BigPay also does not provide business accounts, support for holding foreign currency balances or multi-currency accounts.

This guide compares five BigPay alternatives available to Malaysian businesses, covering their international payment capabilities, receiving options, supported currencies and pricing. It also explores the World Account, a multi-currency account by WorldFirst.

→ For a closer look at BigPay’s features, fees and international transfer options, have a look at the BigPay review

Best BigPay alternatives for Malaysian businesses

1. WorldFirst

WorldFirst is an international payments provider that offers users the World Account, a multi-currency account built for businesses and freelancers handling cross-border transactions. In Malaysia, businesses can receive international payments in USD and MYR into local currency receiving accounts, then retain those balances, convert between USD, MYR and CNH, or use the funds for international payments.

The World Account can also collect payouts from more than 130 marketplaces and payment gateways, including Amazon, Etsy, Stripe and Shopify. Businesses sourcing from China can use World Pay, the authorised international payment provider for 1688.com, to pay Chinese suppliers directly.

→ Here’s how you can sell on Etsy from Malaysia

Key features of the World Account

• Receive USD and MYR through local currency account details
• Hold funds in USD and MYR balances
• Convert funds between USD, MYR and CNH
• Collect payouts from 130+ marketplaces and payment gateways
• Pay overseas in USD, MYR and CNH
• World Pay for payments to suppliers when sourcing from 1688.com

→ Here’s everything you need to know about USD accounts in Malaysia

2. Sunway Money

Sunway Money is a Bank Negara Malaysia-licensed international money transfer provider offering personal and business cross-border payment services.⁴ Its business service supports payments to company beneficiaries for goods and services, with a daily limit of up to RM5 million.^4,5 Businesses can complete online onboarding and track transactions through the platform.^4,5

Payments to personal beneficiaries are subject to lower limits.⁵ Sunway Money supports transfers across Asia, Europe, North America, Oceania, the Middle East and Africa.⁵ It also supports non-native currency transfers to certain destinations, such as USD transfers to China.⁵

→ Here’s a guide to opening a Chinese bank account in Malaysia

*Fees checked in September 2026

3. PayPal

PayPal provides Malaysian businesses with tools for accepting customer payments, sending payouts and managing online commerce.^6,7 Businesses can use PayPal Checkout, Payment Links and Buttons to accept payments through websites, e-mail, social media or other channels.⁶ Plus, payment links can be created without a website or coding.^6,8

Businesses can also send international payments to multiple PayPal accounts through its payouts service, with support for payments across 95+ markets and 50+ currencies.⁹ Other business tools include invoicing, reporting and Seller Protection, subject to applicable terms.⁶

→ See how different international payment methods work for business payments and international money transfers in Malaysia

*Fees checked in September 2026

4. Instarem Business

Instarem Business is a Bank Negara Malaysia-licensed remittance service provider that enables SMEs to make international payments across 160+ countries.^11,12,13  Businesses can also use the platform for bulk payroll, with up to 1,000 salaries processed in a single transaction and paid in local currencies.¹²

The business account supports payment collection in USD, AUD, SGD, HKD, JPY, NZD, EUR and GBP.¹³ The receiving feature is available on an application-and-approval basis, while eligible bank-issued VISA and Mastercard payment cards can be used to fund transfers.^13,14

*Fees checked in September 2026

5. MoneyMatch

MoneyMatch provides Malaysian businesses with a platform for making international payments.¹⁶ Through its Pulse business platform, companies can pay in more than 110 countries and 88+ currencies including USD, AUD, SGD and more.^{16,17,18,19,20}

It supports multiple-payment uploads, live exchange-rate monitoring and transaction tracking, while bulk payment functionality allows up to 500 recipients to be paid in one transaction.^16,20 Businesses can fund transfers through FPX, DuitNow, business bank accounts or manual bank transfers.^16,20 MoneyMatch does not support receiving payments or holding multiple currencies.¹⁶

→ See how other business accounts compare in our guide to the best business bank accounts for small businesses

*Fees checked in September 2026

FAQs

1. What are the best BigPay alternatives for Malaysian businesses?

Alternate options for BigPay include WorldFirst, Sunway Money, PayPal, Instarem Business and MoneyMatch.^4,6,11,20 Their capabilities differ, particularly for receiving payments, holding foreign currencies, making bulk payments and accepting customer payments.

→ Explore the best foreign currency accounts for businesses, including their supported currencies, fees and features

2. Does BigPay offer a business account?

No. BigPay is a personal digital wallet and does not offer dedicated business accounts or multi-currency business accounts.¹

3. Can Malaysian businesses use BigPay for international transfers?

BigPay supports international transfers to 45+ countries, but its accounts hold MYR balances only and it does not provide dedicated business or foreign-currency receiving accounts.¹

Sources

1. https://www.bigpayme.com
2. https://bigpaysupport.zendesk.com/hc/en-us/articles/7110048854541–Top-up-Can-I-use-a-card-that-is-not-issued-by-a-Malaysian-bank-to-top-up
3. https://bigpaysupport.zendesk.com/hc/en-us/articles/6490352574733–Fees-and-Charges-Are-there-any-fees-and-charges
4. https://sunwaymoney.com/business
5. https://sunwaymoney.com/faq
6. https://www.paypal.com/my/business
7. https://www.paypal.com/my/business/accept-payments/checkout?locale.x=en_US
8. https://www.paypal.com/my/business/accept-payments/payment-links?locale.x=en_US
9. https://www.paypal.com/my/business/make-payments
10. https://www.paypal.com/my/business/paypal-business-fees
11. https://www.instarem.com/en-my/business/
12. https://www.instarem.com/en-my/business/send/
13. https://www.instarem.com/en-my/business/receive/
14. https://www.instarem.com/help-business/faqs-sme/issue-corporate-card/
15. https://www.instarem.com/fees/
16. https://moneymatch.co
17. https://support.moneymatch.co/hc/en-us/articles/360025636991-USD-to-the-United-States-of-America
18. https://support.moneymatch.co/hc/en-us/articles/360021830132-AUD-Transfers
19. https://support.moneymatch.co/hc/en-us/articles/360024241872-SGD-Transfers
20. https://moneymatch.co/business

This article is intended for informational purposes only and does not constitute legal advice or professional advice. This article should not be regarded as constituting an offer or a solicitation to buy or sell any regulated or financial products or services. WorldFirst makes no representations or warranties regarding the accuracy, completeness, or applicability of the content, and readers are encouraged to consult with legal professionals or other professionals for advice tailored to their specific situation. WorldFirst does not guarantee the accuracy and completeness of this article and expressly disclaims any and all liability to any person in respect of the consequences of anything done or omitted to be done wholly or partly in reliance on this article.