EasyPay Transfers
EasyPay Transfers was a Kuala Lumpur-based cross-border payment transfer platform founded in 2016, serving businesses with online remittance services. Acquired by M-DAQ Global in December 2024, with operations consolidated onto the Wallex platform.
- Company typePrivate
- Founded2016
- HeadquartersKuala Lumpur, Malaysia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What EasyPay Transfers does
EasyPay Transfers (EPT) was a Malaysia-based cross-border payment transfer platform founded in 2016 and headquartered in Kuala Lumpur. The company offered a single-platform money transfer service that handled both international and domestic payment transactions, positioning itself as a more convenient and transparent online remittance option for businesses. Its functional scope was remittance-focused, with no disclosed product lines beyond core money transfer, and no public detail on the underlying technology stack, FX routing logic, or compliance infrastructure.
The business model appears to have been transaction-based, deriving revenue from fees and/or FX spreads on cross-border transfers, though no pricing schedule, contract minimums, or customer segmentation data is publicly disclosed. The firm operated as a privately held, independent entity with a headcount of 11–50 employees over its roughly eight-year operating history. No institutional funding rounds, investor names, revenue figures, or management team details are available in the source material.
On December 2, 2024, EasyPay Transfers was acquired by M-DAQ Global, and all EPT platforms were closed the same day. Customer accounts and transactions were consolidated onto the Wallex platform, another M-DAQ Global portfolio company, with existing EPT customers contacted by Account Managers to manage the migration and support centralized at [email protected]. As of the acquisition date, EasyPay Transfers no longer operates as an independent entity.
EasyPay Transfers firmographics
Firmographics- Name
- EasyPay Transfers
- Website
- https://easypaytransfers.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- EasyPay Transfers was a Kuala Lumpur-based cross-border payment transfer platform founded in 2016, serving businesses with online remittance services. Acquired by M-DAQ Global in December 2024, with operations consolidated onto the Wallex platform.
- Ownership category
- akta.pro rank
EasyPay Transfers industry classification
Industry- Product category
- Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Consumer P2P International Remittances (FSAGAKAA)
- akta.pro secondary industry
- Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)
Keywords
Where EasyPay Transfers is headquartered
LocationHeadquarters
- HQ city
- Kuala Lumpur
- HQ country
- Malaysia
- HQ region
- Asia
Markets served
EasyPay Transfers business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
EasyPay Transfers product offering
Product offeringCore offering
EasyPay Transfers operated an online remittance platform that enabled businesses to conduct international and domestic cross-border payment transactions with a focus on convenience and transparency. The service supported business customers via dedicated account management and processed transactions in multiple currencies. Following M-DAQ Global's acquisition, the EPT platform was closed on 2 December 2024 and all transactions were migrated to the Wallex platform.
Product overview
EasyPay Transfers operated as a single-platform money transfer service (also referred to as EPT). The platform served customers since 2016, providing international and domestic payment transfer capabilities. Following its acquisition by M-DAQ Global, the EasyPay Transfers platform was sunset on 2 December 2024, and all transaction management was consolidated onto the Wallex platform.
Differentiator
Problem solved
Functional benefit
Products and services
- EasyPay Transfers (EPT) platform Online money-transfer platform that enabled business customers to conduct international and domestic cross-border payment transactions, supported by dedicated Account Managers. The platform was acquired by M-DAQ Global and closed on 2 December 2024, with all operations migrated to the Wallex platform.
Companies that use EasyPay Transfers
Customer profileIdeal customer profiles1 record
EasyPay Transfers technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
EasyPay Transfers partnerships and signals
Strategic signalScale indicators1 record
Recent moves3 records
Expansion highlights1 record
EasyPay Transfers competitors and assessment
Company assessmentDirect peers
- Wallex: Wallex is the M-DAQ Global-owned B2B cross-border payments and FX platform that absorbed EasyPay's operations. It is the most direct peer as it now serves EasyPay's former customers with similar B2B international payment and FX capabilities across Southeast Asia.
- Instarem: Singapore-headquartered cross-border payments platform offering international money transfers and FX services to businesses and individuals across APAC. Highly comparable as a regional B2B/B2C cross-border remittance competitor operating in the same Southeast Asian corridor.
- Wise (formerly TransferWise): Global cross-border money transfer and multi-currency account platform serving both consumers and businesses. Directly comparable as a B2B-inclusive cross-border remittance operator with a transparent pricing model similar to EasyPay's stated value proposition.
- OFX: Asia-Pacific focused international payments and FX services provider for businesses and individuals. Comparable as a B2B cross-border payment platform with regional APAC presence and SMB customer orientation.
- Airwallex: Asia-Pacific born B2B cross-border payments and treasury management platform serving SMEs and enterprises. Directly comparable as a fast-growing regional B2B cross-border payment fintech targeting similar customer segments.
Broad incumbents
- Remitly: Public digital remittance company focused on consumer cross-border money transfers. Comparable as a broader incumbent in the digital remittance category, though focused on consumer corridors rather than EasyPay's B2B niche.
- WorldRemit: Global digital remittance platform enabling international money transfers to bank accounts, mobile wallets, and cash pickup locations. Comparable as an established cross-border remittance operator with overlapping product functionality.
- Western Union: Global incumbent in cross-border money transfer and payments. Comparable as a broad incumbent whose remittance franchise overlaps with EasyPay's online transfer offering, though Western Union operates primarily in consumer corridors.
- MoneyGram: Global cross-border money transfer and payment services company with both digital and retail channels. Comparable as a broad incumbent in the international remittance category where EasyPay also operated.
Regional players
- Currencycloud: Cross-border payments and FX API platform acquired by Visa, serving banks, fintechs, and businesses with international payment infrastructure. Comparable as a B2B cross-border payments platform, though it primarily serves European corridors.
Market position
Strengths2 records
Weaknesses3 records
Competitive moat1 record
Key risks4 records
Key highlights4 records
Customer concentration
EasyPay Transfers social profiles
Digital presenceEasyPay Transfers financial estimates
Financial estimateRevenue estimate
Valuation estimate
EasyPay Transfers leadership team
Management profileNumber of profiles
EasyPay Transfers funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EasyPay Transfers M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EasyPay Transfers
What does EasyPay Transfers do?
EasyPay Transfers operated an online remittance platform that enabled businesses to conduct international and domestic cross-border payment transactions with a focus on convenience and transparency. The service supported business customers via dedicated account management and processed transactions in multiple currencies. Following M-DAQ Global's acquisition, the EPT platform was closed on 2 December 2024 and all transactions were migrated to the Wallex platform.
Is EasyPay Transfers a public or private company?
EasyPay Transfers is a private company. It is classified as corporate owned and is currently acquired.
When was EasyPay Transfers founded?
EasyPay Transfers was founded in 2016. It employs 11 to 50 people.
Where is EasyPay Transfers based?
EasyPay Transfers is headquartered in Kuala Lumpur, Malaysia, in the Asia region.
Who are EasyPay Transfers's main competitors?
Direct peers on record are Wallex, Instarem, Wise (formerly TransferWise), OFX and Airwallex. Broad incumbents are Remitly, WorldRemit, Western Union and MoneyGram. Currencycloud is listed as a regional player.
Does EasyPay Transfers have an API?
No public API is recorded for EasyPay Transfers.
What industry is EasyPay Transfers in?
EasyPay Transfers's product category is Cross-Border Payments. Its primary akta.pro industry code is FSAGAKAA, Consumer P2P International Remittances, with a secondary code of FSAGAKAH, Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity). Its NAICS code is 52232 and its SIC code is 6199.