Kiple

What Kiple does

Kiple is a Malaysian fintech platform that provides digital payment, e-wallet, payment gateway, and smart-city infrastructure for consumers, SMEs, micro SMEs, corporates, and government entities. Its products are organized around three pillars: an e-wallet stack (consumer wallet, fund disbursement for aid/zakat/payroll, eWages digital payroll with Visa Prepaid Card, and white-label branded wallets); a payment-acceptance stack (online gateway accepting 30+ payment methods across 16 currencies, Shariah-compliant gateway, in-store terminals, Business Management Portal, and KiplePay Biz mobile POS); and adjacent solutions including KipleCity smart-city parking and access control (license plate recognition, QR and face recognition) plus mobile and web application development services.

The underlying technology rests on a BNM-licensed e-money issuance and merchant acquiring platform, with PCI DSS Level 1 service-provider certification, eKYC identity verification (MyKad, passport, UNHCR), tokenization, recurring billing, and multicurrency conversion. White-label licensing allows partners to launch branded wallets and cards on top of Kiple's regulatory and technology stack. Kiple holds Employment (Recognized Approved Issuer of a Designated Payment Instrument) Order 2025 recognition, supporting the eWages and Earned Wage Access product line, and a Certificate of Shariah Compliance across gateway, e-wallet, and white-label e-wallet.

Kiple generates revenue primarily through transaction-based fees (payment gateway 1.5%-4.0% by method, payment terminal 1.0%-2.5%, Visa card issuance and ATM fees), recurring subscriptions (SME Starter RM29/month, SME Standard RM500/year), hardware plus monthly fees for terminals (RM199-RM550 setup, RM80/month), white-label licensing, and managed payroll services. Distribution combines self-serve merchant onboarding at biz.kiple.com with enterprise field sales for government and corporates, a Master Merchant affiliate program, and OEM/embedded white-label deployments. The company is headquartered in Petaling Jaya, Selangor, and operates as Kiplepay Sdn Bhd, a wholly-owned subsidiary of Bursa Malaysia-listed Green Packet Berhad.

Name

Kiple

Legal name

Kiplepay Sdn Bhd (0510377P)

Website

https://kiple.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Kiple is a Malaysian fintech platform that provides BNM-licensed e-wallet, payment gateway, payment terminal, fund disbursement, and eWages payroll solutions to consumers, SMEs, corporates, and government entities in Malaysia, with white-label licensing and Shariah-compliant variants.

Ownership category

akta.pro rank

Product category

Digital Payments

akta.pro primary industry

Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI)

akta.pro secondary industries

General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA), In-App / Online Checkout Wallets (FSAMAEAH)

Keywords

• Digital payment gateway
• E-wallet services
• Merchant acquiring
• Payment processing
• White label fintech

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Payment Gateway Transaction Fees: Kiple charges transaction fees on online payments processed through its payment gateway. Fees vary by payment method: B2C RM1.20, B2B RM2.00, local credit card 2.00%, local debit card 1.50%, foreign cards 3.70%, UnionPay 3.50%, multicurrency 4.00%
2. Payment Terminal Transaction Fees: In-store payment terminal services charging per-transaction fees. Credit/Debit cards 2.50%, FPX/DuitNow QR 1.20%, e-wallets 1.00%
3. SME Starter Package: Monthly subscription at RM29.00 (waived if GTV exceeds RM8,000) with one-time setup fee for online payment acceptance
4. SME Standard Package: Annual fee of RM500.00 with reduced transaction rates for businesses requiring higher volume capabilities
5. Payment Terminal Monthly Fee: One-time setup fee RM550.00 with RM199.00 setup promo, plus RM80.00 monthly fee per device for in-store payment acceptance
6. Visa Prepaid Card Fees: Card issuing fee RM25.00, annual fee RM12.00 (1st year waived), domestic ATM withdrawal RM2.00, international ATM withdrawal RM14.00, card replacement RM25.00
7. White Label e-Wallet Licensing: White label e-Wallet solution allowing partners to customize branding and launch branded digital wallet services under Kiple's licensed infrastructure
8. eWages/Payroll Processing: Digital payroll solutions enabling employers to disburse salary and manage employee payments through the platform

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Kiple provides a digital payment and e-wallet platform that enables consumers, businesses, and government entities to conduct cashless transactions across online, in-store, and mobile channels. Its core products include the Kiple e-Wallet (with Fund Disbursement, eWages payroll, and White Label e-Wallet), the Kiple Payment Gateway (including a Shariah-compliant variant and Payment Terminals), the KiplePay Biz mobile POS, and the KipleCity smart-city access and parking solution built on license plate recognition.

Product overview

Kiple is a fintech platform offering a comprehensive suite of financial services under a unified architecture. The core offerings include the Kiple e-Wallet (encompassing Fund Disbursement, eWages, and White Label e-Wallet), Kiple Payment Gateway (including Shariah Compliant variant and Payment Terminal), Digital Solutions (mobile/web app development and digital transformation), and KipleCity smart city solutions. Products are designed for scalability from micro SMEs through large corporates and government clients, with merchant solutions via KiplePay Biz and Master Merchant Program. The platform is operated by Kiplepay Sdn Bhd, a subsidiary of Green Packet Berhad.

Differentiator

Problem solved

Functional benefit

Brands

• KipleCity: Cashless AI technology solution for commercial spaces, featuring license plate recognition (LPR) for parking management and digital access for residential communities.
• KiplePay Biz
• eWages
• KiplePay

Products and services

• Kiple e-Wallet Digital wallet for consumers, businesses, and government entities supporting fund disbursement, payroll, prepaid card issuance, and white label deployment. Includes Fund Disbursement, eWages, and White Label e-Wallet sub-offerings.
• Kiple Payment Gateway Online payment gateway supporting 30+ payment methods, multicurrency (16 currencies), one-click checkout, tokenization, and recurring payments for businesses selling online.
• Shariah-Compliant Payment Gateway Halal, ethical payment gateway solution adhering to Islamic principles, with customizable branding for Shariah-compliant businesses.
• Payment Terminal In-store payment terminal accepting cards, e-wallets, FPX, and DuitNow QR for secure, fast transactions with real-time reporting for SMEs and micro SMEs.
• KiplePay Biz (Mobile POS) Mobile point-of-sale application enabling merchants to accept in-store payments, manage orders with accept/reject functionality, and process e-wallet payments.
• KipleCity Smart city solution providing ticketless, contactless parking with license plate recognition and digital residential access (QR code and face recognition) for commercial spaces and communities.
• White Label e-Wallet Program Customizable white label e-wallet with branded Visa Prepaid Card issuance, RM30,000 wallet limit, and full regulatory compliance inherited from Kiple's BNM license, allowing partners to launch branded financial services.
• MSME Digital Grant MADANI Government-linked digital grant program enabling Malaysian MSMEs to adopt Kiple's digital payment solutions at subsidized cost.
• Mobile Application Development Custom mobile app development service using React and Flutter for iOS, Android, and HarmonyOS, including integration with existing business systems.
• Web Application Development Website design, e-commerce platform, and content management system (CMS) development service for businesses.
• Digital Transformation Solutions End-to-end digital transformation consulting providing strategic insights and tailored digital solution design for unique business needs.
• Software Integration, Maintenance & Support Software integration, ongoing maintenance for iOS, Android, and HarmonyOS apps, and technical support services.

Quantifiable outcome

• Wallet limit increase from RM10,000 to RM30,000 enabling larger transactions
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core, major and flagship.

• Western UnioncoreTechnology or Integration · 1 January 2024Western Union remittance service integrated into KiplePay wallet, enabling users to send and receive money globally through the in-app service
• VisacoreTechnology or Integration · 1 January 2024Kiple Visa Prepaid Card program enabling cashless payments at all Visa-accepting merchants worldwide and ATM withdrawals globally
• RedpaycoreOEM/ Whitelabel/ Licensing Partner · 1 January 2024White label partner utilizing Kiple's licensed e-wallet infrastructure to offer branded digital payment services
• 9R Leisure Sdn. Bhd.coreOEM/ Whitelabel/ Licensing Partner · 1 January 2024White label partner using Kiple's e-wallet platform to provide branded financial services to their customers
• Selangkah Ventures Sdn. Bhd.coreOEM/ Whitelabel/ Licensing Partner · 1 January 2024White label partner leveraging Kiple's licensed infrastructure for branded digital wallet services
• Selcare Management Sdn. Bhd.coreOEM/ Whitelabel/ Licensing Partner · 1 January 2024White label e-wallet partner offering digital financial services under their own brand using Kiple's platform
• Perak State GovernmentmajorStrategic or Co-development Partner · 1 January 2024State government partnership for digital payment solutions and financial inclusion initiatives
• Green Packet BerhadflagshipOthers · 1 January 2024Kiplepay Sdn Bhd is a subsidiary of Green Packet Berhad, a Malaysian publicly-listed company providing the parent company's digital financial services infrastructure
• DuitNow QRcoreTechnology or Integration · 1 January 2024DuitNow QR integration launched in 2024 for Kiple payment gateway and terminal solutions

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Billplz: Malaysian payment gateway focused on online bill payments and FPX-based checkout for SMEs. Comparable to Kiple's online payment gateway for SME merchants, particularly in subscription and recurring billing use cases.
• iPay88: Established Malaysian online payment gateway and merchant acquirer supporting cards, FPX, and e-wallets. Closely comparable to Kiple's payment gateway and in-store terminal offerings, serving overlapping SME and enterprise merchants.
• GrabPay: E-wallet within Grab's Malaysian super-app, leveraging ride-hailing and food delivery distribution to drive consumer adoption. A core competitor in merchant QR and online payment acceptance, and a relevant benchmark for super-app-led wallet strategy.
• Touch 'n Go eWallet: Malaysia's largest e-wallet by user base and acceptance, integrated with Touch 'n Go's transit and tolling network. Directly competes with KiplePay for consumer wallet share, merchant acceptance, and government disbursement use cases in Malaysia.
• ShopeePay: E-wallet integrated with the Shopee e-commerce platform in Malaysia. Competes with Kiple on merchant QR acceptance and online checkout, particularly in the e-commerce and SME merchant segments.
• Boost e-Wallet: Malaysia-licensed e-wallet offering consumer payments, bill pay, and merchant acceptance. Competes head-to-head with Kiple across SME and micro-SME merchant acquiring and consumer wallet use cases in Malaysia.

Emerging players

• Wallet Factory: Global provider of white-label digital wallet and payment solutions. Comparable to Kiple's OEM/embedded GTM where enterprises and partners want branded wallets with regulatory and card-issuing infrastructure handled by the platform.
• MatchMove: Singapore-based Wallet-as-a-Service provider enabling enterprises to launch branded digital wallets and card programs. Comparable to Kiple's white-label e-wallet and Visa prepaid card issuance offering for enterprise licensees.

Regional players

• BigPay: Southeast Asian digital financial services platform (e-wallet, prepaid card, remittance) by AirAsia. Comparable to Kiple's consumer e-wallet + prepaid card + remittance stack, but operates regionally rather than focusing solely on Malaysia.

Others

• PayNet (Payments Network Malaysia): Operator of Malaysia's national payment rails including FPX and DuitNow QR. Not a direct competitor but a critical infrastructure provider that Kiple integrates with for DuitNow QR and FPX acceptance across its gateway and terminals.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/myKiple
• LinkedInlinkedin.com/company/kiple
• Instagraminstagram.com/mykiple/?hl=en
• Xx.com/mykiple

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kiple