GHL Systems Berhad
GHL Systems Berhad is a Malaysia-based, publicly listed payment service provider (KLSE: GHLSYS) founded in 1994 that delivers merchant acquiring, e-commerce, and unified payment solutions across Southeast Asia, now operating under the NTT DATA Payment Services ADAPTIS platform.
- Company typePrivate
- Founded1994
- HeadquartersKuala Lumpur, Malaysia
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What GHL Systems Berhad does
GHL Systems Berhad is a Malaysia-based payment service provider founded in 1994, headquartered in Kuala Lumpur, and publicly listed on Bursa Malaysia (KLSE: GHLSYS). The company operates in the electronic payments space, providing merchant acquiring, payment processing, and related commerce enablement services, with a workforce of 251-500 employees. Its history of acquisitions — including e-pay (2014) and mobiepay Sdn (2015) — indicates a roll-up strategy to consolidate payment platform assets, and the business has been funded by multiple rounds from Creador (2013, 2020), Apis Partners (2018), and Actis (2017).
Based on the corporate content available, GHL's operations now sit under the NTT DATA Payment Services umbrella, which has launched the unified ADAPTIS suite spanning In-Store, e-Commerce, Financing, Enterprise, and Value-Added Services. This platform has been rolled out across Malaysia, Thailand (May 2025), and the Philippines (August 2025), with additional cross-border partnerships (AXS in Singapore, TEMAIRAZU/Agoda for hotel settlement, SECAI MARCHE for F&B/hospitality). The revenue model is primarily transaction-fee based merchant acquiring with adjacent enterprise and VAS monetization, though specific pricing or take-rate disclosures are not available.
GHL Systems Berhad firmographics
Firmographics- Name
- GHL Systems Berhad
- Website
- https://ghl.com
- Company type
- Private
- Founded year
- 1994
- Headcount range
- 251–500 employees
- Short description
- GHL Systems Berhad is a Malaysia-based, publicly listed payment service provider (KLSE: GHLSYS) founded in 1994 that delivers merchant acquiring, e-commerce, and unified payment solutions across Southeast Asia, now operating under the NTT DATA Payment Services ADAPTIS platform.
- Ownership category
- akta.pro rank
GHL Systems Berhad industry classification
Industry- Product category
- Payment Processing & Merchant Acquiring
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Payment Gateways & Orchestration (CRAFALAA)
Keywords
Where GHL Systems Berhad is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Markets served
GHL Systems Berhad business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales
GHL Systems Berhad product offering
Product offeringCore offering
GHL Systems Berhad is a payment service provider that delivers merchant acquiring, payment gateway, and integrated commerce solutions to banks, financial institutions, retailers, and e-commerce operators. Through the ADAPTIS suite, the company provides in-store payment acceptance, online/e-commerce payment processing, merchant financing, enterprise-grade payment solutions, and value-added services across multiple Southeast Asian markets.
Differentiator
Problem solved
Functional benefit
Products and services
- ADAPTIS In-Store In-store payment acceptance solution covering point-of-sale card payments and terminal management for merchants and retailers across Southeast Asia.
- ADAPTIS e-Commerce Online payment gateway for merchants needing to accept card and digital payments on e-commerce websites and platforms.
- ADAPTIS Financing Merchant financing solution extending credit and working-capital style finance to merchants as part of the ADAPTIS commerce suite.
- ADAPTIS Enterprise Enterprise-grade payment and acquiring solution for large merchants, retailers, and institutions requiring high-volume payment processing.
- ADAPTIS VAS Value-added services layer under the ADAPTIS suite providing supplementary commerce capabilities alongside core payment processing.
- Payment Services pillar Core merchant acquiring and payment processing services pillar of GHL/NTT DATA Payment Services.
- Solution Services pillar Customised payment and commerce solutions provided to merchants and partners as part of the group's three-pillar business structure.
- Shared Services pillar Shared operational and platform services offered to financial institutions and partners across the group's regional markets.
Companies that use GHL Systems Berhad
Customer profileIdeal customer profiles2 records
GHL Systems Berhad technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GHL Systems Berhad partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights6 records
GHL Systems Berhad competitors and assessment
Company assessmentDirect peers
- iPay88: Malaysian-headquartered payment gateway and acquiring processor serving online and offline merchants across SEA. Directly comparable to GHL Systems Berhad in product scope (gateway, POS, mPOS), target customer (Malaysian merchants), and business model (transaction-fee acquiring).
- 2C2P: Pan-ASEAN payment processor offering gateway, acquiring, and alternative payments across Thailand, Singapore, Malaysia, Indonesia, Vietnam, and the Philippines. Closely comparable to GHL on multi-country SEA gateway and acquiring footprint and merchant segment focus.
- Razer Merchant Services (formerly MOLPay): Malaysian-originated online payment gateway acquired by Razer, serving merchants in Malaysia and broader SEA with acquiring, e-commerce gateway, and value-added services. Directly comparable to GHL's e-commerce gateway and merchant acquiring business.
- Omise: Thailand-founded payment gateway serving merchants across Thailand, Japan, Singapore, Malaysia, and Indonesia. Direct peer to GHL on online gateway services, multi-country SEA coverage, and merchant acquiring.
Regional players
- PayNet (Malaysia): Malaysia's national payments network operator (FPX, MyDebit) that GHL integrates with for bank-rail acquiring. Comparable as a Malaysia-focused payments infrastructure participant but operates the network layer rather than competing head-to-head with GHL's merchant services.
- Billplz: Malaysia-based online payment platform serving SMEs and online merchants with FPX-rail and card acquiring. Comparable to GHL's Malaysian merchant acquiring footprint as a regional payment service provider operating primarily in Malaysia.
Emerging players
- Pine Labs: India/SEA-focused in-store and merchant payment platform expanding across Asia. Comparable to GHL's ADAPTIS In-Store and Enterprise pillars as a regional emerging player with overlapping merchant acquiring and POS capabilities.
Broad incumbents
- Adyen: Global unified payments platform providing gateway, acquiring, and processing for large merchants worldwide. Comparable to GHL's ADAPTIS suite as a broader incumbent expanding into SEA, but at significantly larger scale and global enterprise focus.
- Stripe: Global online payment gateway and processing platform increasingly serving SEA merchants through localized payment methods. Comparable to GHL's gateway/e-commerce pillar at a global scale, with similar API-first product model.
- Verifone: Global provider of POS payment terminals and merchant commerce solutions. Comparable to GHL's ADAPTIS In-Store pillar as a broader incumbent with a multi-country footprint, though Verifone is hardware-centric and globally larger.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
GHL Systems Berhad social profiles
Digital presenceGHL Systems Berhad financial estimates
Financial estimateRevenue estimate
Valuation estimate
GHL Systems Berhad leadership team
Management profileNumber of profiles
Profiles5 records
GHL Systems Berhad funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GHL Systems Berhad M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GHL Systems Berhad
What does GHL Systems Berhad do?
GHL Systems Berhad is a payment service provider that delivers merchant acquiring, payment gateway, and integrated commerce solutions to banks, financial institutions, retailers, and e-commerce operators. Through the ADAPTIS suite, the company provides in-store payment acceptance, online/e-commerce payment processing, merchant financing, enterprise-grade payment solutions, and value-added services across multiple Southeast Asian markets.
When was GHL Systems Berhad founded?
GHL Systems Berhad was founded in 1994. It employs 251 to 500 people.
Where is GHL Systems Berhad based?
GHL Systems Berhad is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
Who are GHL Systems Berhad's main competitors?
Direct peers on record are iPay88, 2C2P, Razer Merchant Services (formerly MOLPay) and Omise. Regional players are PayNet (Malaysia) and Billplz. Pine Labs is listed as an emerging player. Broad incumbents are Adyen, Stripe and Verifone.
Does GHL Systems Berhad have an API?
No public API is recorded for GHL Systems Berhad.
What industry is GHL Systems Berhad in?
GHL Systems Berhad's product category is Payment Processing & Merchant Acquiring. Its primary akta.pro industry code is CRAFALAA, Payment Gateways & Orchestration. Its NAICS code is 522320 and its SIC code is 7370.