Fasapay

Online Payment Processingfasapay.com

FasaPay is a private online payment platform founded in 2011 that enables instant fund transfers, merchant payment processing, and USDT-based settlements across multiple currencies for individual users, online merchants, and forex traders globally.

Company typePrivate
Founded2011
HeadquartersSleman, Indonesia
Headcount11–50
GTM typeB2B and B2C
OfferingSoftware

What Fasapay does

FasaPay is a private online payment service provider founded in 2011. The company operates a digital payment platform enabling instant fund transfers, balance management, and merchant transaction processing in USD, IDR, and USDT cryptocurrencies. Operational offices are located in Watsonia VIC, Australia (primary registered address) and Kuala Lumpur, Malaysia, with the platform served globally via web and an Android mobile application.

The platform is built around a multi-tier membership system (Register, Basic, Standard, Premium) that gates features such as inter-account transfers, referral access, and higher transaction limits. Merchant-facing infrastructure includes an XML API (PHP SDK with SHA-256 token authentication over HTTPS), a Shopping Cart Integration (SCI) with Secure Mode supporting JSON-based link generation and HMAC-SHA-256 hash verification, and developer documentation. Security features include 128-bit SSL encryption, 2-step verification via Google Authenticator, PIN-on-login and PIN-on-transaction controls, IP whitelist/blacklist, and a Master Code for sensitive data changes. Settlements leverage USDT for merchant withdrawals as a blockchain-based alternative to traditional bank rails.

FasaPay monetizes primarily through a flat 1% transaction fee on inter-account transfers and merchant SCI payments, plus USDT withdrawal fees (1% with a USDT 50 minimum) and ancillary fees for special data requests ($5-$25 per document). The customer base is concentrated in individual users (notably retail forex traders globally) and SMB online merchants, with secondary exposure to the forex/brokerage vertical. The platform supports six languages (English, Bahasa Indonesia, Bahasa Melayu, Chinese, Russian, Japanese), reflects a long-running but modestly scaled operation with no disclosed funding, headcount, revenue, regulatory licenses, or named enterprise customers.

Fasapay firmographics

Firmographics

Name: Fasapay
Legal name: FasaPay
Website: https://fasapay.com
Company type: Private
Founded year: 2011
Operating status: Operating
Headcount range: 11–50 employees
Short description: FasaPay is a private online payment platform founded in 2011 that enables instant fund transfers, merchant payment processing, and USDT-based settlements across multiple currencies for individual users, online merchants, and forex traders globally.
Ownership category
akta.pro rank

Fasapay industry classification

Industry

Product category: Online Payment Processing
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC: Finance Services (6199)
akta.pro primary industry: Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
akta.pro secondary industries: Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), A2A Payment Initiation Service Providers (PISPs) (FSAMAFAB)

Keywords

Online payment platform
Merchant payment processing
Multi-currency transfers
E-commerce payment gateway
Crypto USDT settlement

Where Fasapay is headquartered

Location

Headquarters

HQ city: Sleman
HQ country: Indonesia
HQ region: Asia

Offices2 records

Markets served

Fasapay business model

Business model

GTM type: B2B and B2C
Offering type: Software
Cost components: Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

Transaction Processing Fees: Fasapay charges 1% fee on payment transactions made via SCI (Shopping Cart Interface). Transfer between FasaPay accounts costs 1% for Standard and Premium members. Fees are automatically deducted upon successful transaction.
Withdrawal/Redemption Fees: Merchants incur withdrawal fees when transferring funds via USDT. Fees are 1% with minimum of USDT 50 per withdrawal transaction. Personal accounts have monthly withdrawal limit of 35,000 USD.
Referral Commission: Referrers receive 10% commission on their downline's transaction fees (only transfer service). Minimum withdrawal for commission is 10,000 IDR or 10 USD.
Special Data Request Fees: Transaction mutation data requests cost $5 per transaction with one-year period. Bank SWIFT copy documents cost $25 per document. Data entry requests for audit purposes cost $25 per document.

Pricing tiers

Model	Billing	Price
Freemium	Pay-as-you-go	Register tier - Basic KYC-limited access
Freemium	Pay-as-you-go	Basic tier - Verified identity
Transaction based/ take rate	Pay-as-you-go	Standard tier - Full personal features
Transaction based/ take rate	Pay-as-you-go	Premium tier - Enhanced limits
Transaction based/ take rate	Pay-as-you-go	Merchant Account

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Fasapay product offering

Product offering

Core offering

Fasapay is an online payment platform that enables instant fund transfers, balance management, and merchant payment processing in USD and IDR, with USDT (blockchain-based) settlement for withdrawals. It serves both personal members (consumer sign-up, instant transfers, top-up/redeem via partner exchangers) and online merchants (via free Shopping Cart Integration and an XML API), with a flat 1% transaction fee and multi-layer security including 2FA via Google Authenticator.

Product overview

FasaPay is an online payment platform operating as a single unified product with multiple integrated modules. The core platform (FasaPay Core Platform) handles instant fund transfers, balance management, and member transactions in USD, IDR, and USDT. This core is extended by the XML API for programmatic access, SCI (Shopping Cart Integration) for merchant e-commerce checkout, and a Mobile Application for Android users. Additional modules include the Referral System for commission earnings, membership tiers (Register/Basic/Standard/Premium) controlling feature access and limits, and comprehensive Security Features covering Master Code, PIN authentication, and API access controls. The platform is available in multiple languages and serves both personal members and business merchants.

Differentiator

Problem solved

Functional benefit

Products and services

FasaPay Core Platform Online payment platform enabling instant fund transfers, balance management, and transaction processing between members, supporting USD and IDR currencies and USDT cryptocurrency for settlements. Includes 2-step verification via Google Auth, 1% transaction fee, and 24/7 customer support; serves both personal account holders and merchant account holders under separate terms.
FasaPay XML API Programmatic interface enabling automated payment processing, fund transfers, balance queries, transaction history retrieval, and account verification for merchant developers. Uses XML 1.0 data format with API_KEY and SHA-256-hashed TOKEN authentication over HTTPS, supporting bulk transfers and filtering by date range, currency, and type.
FasaPay SCI (Shopping Cart Integration) E-commerce integration tool allowing merchants to embed FasaPay payment processing directly into their websites via automated checkout. Features Secure Mode with JSON-based secure link generation, multiple SHA-256 / HMAC-SHA-256 hash verification methods (fp_hash, fp_hash_2, fp_hash_all, fp_hmac), and IPN callback for automatic transaction notification. Free installation with no SCI usage charges.
FasaPay Mobile Application Android application providing on-the-go balance checking, fund transfers, transaction history with date filtering, and USD/IDR exchange rate monitoring. Uses auth key-based device authentication with PIN protection for transactions; available on Google Play Store.

Quantifiable outcome

Instant transaction processing (within seconds)
+4 more outcomes

Companies that use Fasapay

Customer profile

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Fasapay technology and API

Technology

Technology focussed Yes

API detail

Has API: Yes
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Fasapay partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Fasapay competitors and assessment

Company assessment

Others

PayPal:

Direct peers

Neteller: Established e-wallet and online payment platform specifically targeting forex traders and online merchants, with similar instant transfer capabilities and tiered verification. Direct functional competitor in the same niche as FasaPay, though operating at significantly larger scale under Paysafe ownership.
Payeer: Online payment platform supporting fiat and crypto (Bitcoin, USDT, Ethereum) with instant transfers, popular in Russian-speaking and Asian markets. Direct competitor to FasaPay in the forex payment niche with similar multi-tier account model.
WebMoney: Long-running digital payment system popular in Russia, CIS, and Asia for online merchants and P2P transfers. Comparable business model to FasaPay with similar tiered verification, multiple currency support, and forex/crypto-adjacent user base.
Advcash: Digital payment platform offering multi-currency accounts (USD, EUR, RUB, UAH, KZT, BRL) with debit cards and crypto support, popular among forex traders and freelancers in emerging markets. Highly comparable to FasaPay's value proposition and customer segments.
Skrill: Digital wallet owned by Paysafe serving forex, crypto, and e-commerce merchants with comparable instant payment features. Closely overlapping product offering and customer base to FasaPay, particularly in forex trading deposits/withdrawals.
Perfect Money: Digital payment system heavily used by forex traders and HYIP participants, offering USD/EUR/ crypto accounts with instant transfers. Very close functional analog to FasaPay serving similar niche with comparable fee structure.

Broad incumbents

Payoneer: Cross-border payment platform serving freelancers, marketplaces, and businesses globally with multi-currency accounts. Larger, more regulated player with overlapping merchant payment infrastructure capabilities compared to FasaPay's SCI/API offering.
Wise (TransferWise): Global cross-border money movement platform with multi-currency accounts, serving individuals and businesses. Comparable digital payments and money movement capabilities to FasaPay's core platform, though targeting broader use cases beyond forex traders.
Stripe: Global payment infrastructure platform providing APIs and merchant integration tools comparable to FasaPay's SCI and XML API offerings. Serves much larger enterprise merchant segment but represents the same payment orchestration/merchant facilitation category.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Fasapay financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fasapay leadership team

Management profile

Number of profiles

Fasapay funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Fasapay M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Fasapay

What does Fasapay do?

Is Fasapay a public or private company?

Fasapay is a private company. It is classified as unknown and is currently operating.

When was Fasapay founded?

Fasapay was founded in 2011. It employs 11 to 50 people.

Where is Fasapay based?

Fasapay is headquartered in Sleman, Indonesia, in the Asia region.

How does Fasapay make money?

Four revenue lines are on record. Transaction Processing Fees are the primary driver. The others are withdrawal/Redemption Fees, referral Commission and special Data Request Fees.

Who are Fasapay's main competitors?

PayPal is listed as an others. Direct peers are Neteller, Payeer, WebMoney, Advcash, Skrill and Perfect Money. Broad incumbents are Payoneer, Wise (TransferWise) and Stripe.

Does Fasapay have an API?

Yes. FasaPay XML API allows developers to process sending and receiving payments automatically, retrieve transaction information and history of performed transactions. Supports the following operations: Transfer (including bulk transfers), Balance check, Transaction history with filtering by date range/currency/type, Account verification, and Transaction detail lookup. Authentication uses API_KEY and SHA256-hashed TOKEN. Data format is XML-1.0, transmitted via HTTPS protocol. API endpoints: https://api.fasapay.com/ and https://www.fasapay.com/xml. Available to merchants and developers for website integration and automated transactions. Developer documentation is at fasapay.com/merchant/apiguide.

What industry is Fasapay in?

Fasapay's product category is Online Payment Processing. Its primary akta.pro industry code is FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P), with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 522320 and its SIC code is 6199.