PayCools has obtained a license from the National Bank of Malaysia

PayCools has finally received the Malaysia Merchant Acquiring Service License (MASL) from the Bank Negara Malaysia. This marks PayCools as a legally licensed payment service provider in Malaysia, and it can now provide comprehensive local payment solutions to businesses, helping them expand into the Malaysian market.

Malaysia is one of the fastest-growing economies in Southeast Asia, with a population of nearly 30 million. It is a popular destination for many Chinese businesses looking to expand overseas. PayCools’ MASL will provide the following advantages for Chinese businesses:

• Legal and compliant: PayCools has obtained regulatory approval from the Bank Negara Malaysia, ensuring that its business complies with local laws and regulations.

• Convenient and efficient: PayCools provides one-stop payment services, helping businesses quickly open up payment features and improve payment efficiency.

PayCools is a high-tech company founded in August 2021. Its headquarters is located in Shenzhen, China, the city of science and technology. As an expert in cross-border payment and local payment service solutions, PayCools’ founding team comes from well-known financial and internet companies such as Alibaba, Tencent, Baidu, and Lenovo. The team has extensive experience and professional knowledge, and it is committed to providing customers with excellent service and innovative solutions.

PayCools has currently obtained payment-related licenses in countries and regions such as the Philippines, Indonesia, and Malaysia. It is also conducting business in multiple countries and regions around the world.