Top MoneyMatch alternatives for Malaysian businesses [2027]

MoneyMatch helps individuals and businesses send money overseas. Read this comparative analysis between MoneyMatch providers in Malaysia

Key takeaways

• MoneyMatch supports sending international transfers, bulk payments and payment tracking
• WorldFirst offers businesses with a multi-currency account for receiving, converting, holding and sending funds
• SunwayMoney and Remitly provides international transfer services across multiple regions
• PingPong offers business accounts, marketplace payouts and virtual cards
• Wise offers personal multi-currency accounts, international transfers and debit cards

MoneyMatch is a Malaysian international money transfer provider that individuals and businesses can use for sending funds overseas.¹ Its Pulse business platform supports bulk transfers and payment tracking, with funding options including FPX and bank transfers.^2,3  But, international transfer fees and limits vary by currency, destination and recipient type.⁴ For example, a transfer fee of RM8 applies when sending USD.⁴

This guide covers five MoneyMatch alternatives including a multi-currency account by WorldFirst, the World Account.

Top MoneyMatch alternatives for Malaysian businesses

1. WorldFirst

WorldFirst is an international payments provider offering Malaysian businesses the World Account, a multi-currency account. It provides USD and MYR local receiving accounts, allowing businesses to receive international payments and keep balances in these currencies. Businesses can also send USD, MYR and CNH payments and convert between supported currencies.

The World Account can also receive payouts from 130+ marketplaces and payment gateways, including Lazada, Stripe, Amazon and more. Plus, World Pay, the authorised international payment provider for 1688.com, allows purchases to be paid from a World Account directly.

Additional features of the World Account 

• Receive international payments through local USD and MYR account details
• Keep USD and MYR balances and convert funds when required
• Send money overseas in USD, MYR and CNH to contractors/suppliers
• Set target rates for eligible USD, MYR and CNH transactions with Firm Orders triggering conversion when the rate is reached

2. SunwayMoney

SunwayMoney provides international money remittance services for individuals and businesses.⁵  Its business offering allows users to send payments to company beneficiaries for goods and services, with a daily limit of up to RM5 million.⁵ Business customers can also send up to RM50,000 to personal or non-company business beneficiaries.⁵

SunwayMoney supports transfers across Asia, Europe, North America, Oceania, the Middle East and Africa.⁵ It also allows selected payments in non-native currencies, such as USD account transfers to China.⁵

*Fees checked in September 2026

3. PingPong

PingPong is a global payments provider used across 200+ markets for cross-border payments.⁷ It offers Global Accounts that allow businesses to create local virtual accounts and collect payments in 20+ currencies, while Global Payouts allow payments in 25+ currencies.^8,9  Supported currencies include USD, EUR, GBP, CAD, AUD and more.¹⁰  Users can also convert between currencies and access 160+ international payment methods.⁷

For businesses receiving marketplace income, PingPong also provides connections with marketplaces including Amazon, Walmart and TikTok.⁹ PingPong offers virtual cards with spending limits and usage control for multi-currency spending.¹¹  They come as single-use or multi-use cards.¹¹

*Fees checked in September 2026

4. Remitly

Remitly provides international remittance services to individuals for receiving money in Malaysia.¹²  Recipients can choose a bank deposit, mobile wallet or cash pickup, depending on the available payout options.¹²  The recipient does not pay a receiving fee, while the sender sees the applicable exchange rate and transfer charges.¹²

*Fees checked in September 2026

5. Wise

Wise offers Malaysian users personal accounts that can hold and convert more than 40 currencies.^13,14  It also provides users with global account details for receiving money in 23 currencies including USD and EUR.^13,14 Users can send transfers in 32 currencies and get a linked debit card for spending internationally.^13,14

The Wise card supports online and in-store payments in more than 40 currencies across 150+ countries and territories.¹⁵  It can also be used for overseas cash withdrawals, with fees charged at 1.75% + RM5 after the first RM1,000 withdrawn.¹⁶  Wise Business is not currently available in Malaysia, so business features such as custom card controls and bulk transfers are not currently offered.

*Fees checked in September 2026

→ Learn how long an international Wire transfer takes to reflect in your account

Which MoneyMatch alternative fits your business?

MoneyMatch alternatives differ in how they support international payments. SunwayMoney and Remitly focus on transfer services, while WorldFirst and PingPong provide multi-currency accounts for businesses.^5,7,12 Wise provides personal multi-currency accounts.¹³ The relevant option depends on whether the users only need to transfer funds or includes receiving and holding international funds as well.

FAQs

1. What is the best MoneyMatch alternative in Malaysia?

The five MoneyMatch alternatives covered here are WorldFirst, SunwayMoney, PingPong, Remitly and Wise. They differ in whether they provide multi-currency account functions, international sending, receiving services, marketplace payout collection and other payment features.

2. Which MoneyMatch alternative offers a multi-currency account?

WorldFirst and PingPong provide business-focused multi-currency account services, while Wise provides a personal account in Malaysia with multi-currency holding, receiving and sending features.^7,13

3. What to look for in a MoneyMatch alternative?

Consider whether the provider can send, receive, hold and convert the currencies required. Also consider if it offers a business account and virtual card for business spending, and how its fees apply to the specific currencies and payment routes involved.

Sources

1. https://moneymatch.co/
2. https://moneymatch.co/business
3. https://transfer.moneymatch.co/
4. https://support.moneymatch.co/hc/en-us/articles/360025636991-USD-to-the-United-States-of-America
5. https://sunwaymoney.com/business
6. https://sunwaymoney.com/faq
7. https://www.pingpongx.com/global/home
8. https://www.pingpongx.com/global/business/account-global-payouts
9. https://www.pingpongx.com/global/business/account-global-accounts
10. https://help.pingpongx.com/global-en/00a7b/234ae
11. https://www.pingpongx.com/global/platform/api-card-issuing
12. https://www.remitly.com/my/en/receive-money
13. https://wise.com/my/receive-money/
14. https://wise.com/my/
15. https://wise.com/my/card/
16. https://wise.com/my/pricing/

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.