MoneyMatch review Malaysia: Features, fees and more

MoneyMatch is a send-only international transfer service for Malaysian users. Continue reading to explore its features, fees and business payment options

Key takeaways

• MoneyMatch is a Malaysian international money transfer provider that supports sending payments to more than 110 countries and payments in 88+ currencies
• Its business platform provides online transfer management, bulk payment functionality and more
• The World Account by WorldFirst provides Malaysian businesses with a multi-currency account that supports sending and converting international payments in CNH, USD and MYR along with receiving and holding USD and MYR

Founded in 2015, MoneyMatch is a send-only international money transfer service for users in Malaysia that make frequent payments overseas.^1,2 It supports business features such as bulk transfers and payment tracking. There’s no support for multi-currency accounts to receive or hold foreign currencies. Transfer fees also vary by currency and destination.^2,3

This guide explores MoneyMatch’s features, fees, and supported transfers. It also talks about WorldFirst’s multi-currency account, the World Account and its sending, receiving, holding and converting capabilities.

What is MoneyMatch?

MoneyMatch is a Malaysian international money transfer provider offering remittance services for individuals and businesses.^2,3

Pulse is MoneyMatch’s business payment platform that offers tools to manage and track payments.² Malaysian users can fund transfers through FPX, bank transfers, and other payment methods.⁴

→ Here’s the full guide on how to send money internationally

Quick look: Pros and cons of MoneyMatch Malaysia

MoneyMatch Malaysia fees

*Fees checked in September 2026

Features of MoneyMatch Malaysia

Business transfers

MoneyMatch allows businesses to make international payments across 110+ countries and 88+ currencies.³ Users can pay overseas business recipients like vendors, employees, suppliers and more.³

Supported currencies and destinations

MoneyMatch can be used to pay in 88+ currencies like USD, PHP and more across 110+ countries.³

Bulk and recurring payments

MoneyMatch includes a bulk transfer feature for businesses making payments to multiple recipients.³ Businesses can upload transfers and pay up to 500 recipients in one go by grouping transfers involving the same currency or destination country.³

Payment methods

For Malaysian corporate users, FPX can be used as the payment method for funding MoneyMatch transfers.⁴ MoneyMatch also lists manual payment methods such as DuitNow and bank transfers.⁴

Regulatory compliance

MoneyMatch Sdn. Bhd. is licensed by Bank Negara Malaysia as a Principal Money Services Business (MSB) Licensee and a Remittance (Class B) Licensee.

Who is MoneyMatch for?

MoneyMatch can be used by Malaysian businesses making outbound international payments, including:

• Businesses paying overseas suppliers: Companies can use MoneyMatch to pay suppliers and vendors in international destinations
• Businesses paying employees or contractors: MoneyMatch supports international payroll and employee reimbursement payments
• Freelancers and individuals: MoneyMatch also provides international remittance services for personal users wanting to send funds to family and friends or to support education

How to open a MoneyMatch account in Malaysia

1. Register: Create a MoneyMatch account, complete the required profile details and undergo identity and business verification.
2. Submit documents: Provide any supporting documents MoneyMatch requests, such as business records, invoices or payslips.
3. Create and fund a transfer: Once approved, create a transfer by entering the destination and recipient details.

The World Account: Built for global businesses

The World Account by WorldFirst is a multi-currency account that gives Malaysian businesses a way to receive, hold, convert and send funds across multiple currencies. Businesses can receive USD and MYR through local receiving account details and hold balances in both currencies, giving them more flexibility over when to convert funds.

The account also allows businesses to send USD, MYR and CNH to overseas suppliers, contractors and business partners. Funds can be converted between these three currencies within the account. For e-commerce businesses, the World Account can receive payouts from 130+ marketplaces and payment gateways, including Amazon, Etsy, Stripe and Shopify. Businesses can also use Firm Orders for eligible USD, MYR and CNH transactions to lock in an exchange rate for a future payment.

You can also make direct payments to Chinese suppliers through World Pay (the authorised international payment provider for 1688.com) when sourcing from 1688

→ Learn more about online selling platforms in Malaysia

FAQs

1. Can I receive money through MoneyMatch?

MoneyMatch’s Malaysia offering is focused on sending international transfers.² It does not provide multi-currency receiving accounts or foreign currency balances. Businesses looking to receive international payments can look at a multi-currency account with receiving capabilities like the World Account.

2. What are MoneyMatch’s fees for business transfers?

MoneyMatch does not charge registration or subscription fees for its business service.³ Transfer fees and exchange rates vary depending on the currency and destination. For example, a USD transfer from Malaysia to the US may incur an RM8 transfer fee.⁵ But, all applicable costs are not clearly listed upfront on the website and are shown when a transfer order is created.

3. How long do MoneyMatch transfers take?

MoneyMatch states that transfers typically take one to two working days after funds have been received and compliance requirements have been satisfied.³

Sources

1. https://moneymatch.co/about-us
2. https://moneymatch.co
3. https://moneymatch.co/business
4. https://support.moneymatch.co/hc/en-us/articles/56479159493017-Payment-Options
5. https://support.moneymatch.co/hc/en-us/articles/360025636991-USD-to-the-United-States-of-America
6. https://support.moneymatch.co/hc/en-us/articles/360021830132-AUD-Transfers
7. https://support.moneymatch.co/hc/en-us/articles/360024241872-SGD-Transfers
8. https://support.moneymatch.co/hc/en-us/articles/360021830372-CNY-to-China
9. https://moneymatch.co/transfers

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.