More payment methods

Quick Transfer

Expedited Fund Transfers for Urgent Needs

Quick Transfer is a financial service that enables individuals and businesses to send funds rapidly between bank accounts, often within the same financial institution or banking network. This payment method is designed to cater to urgent financial needs, providing a convenient and efficient way to move money quickly without the delays associated with traditional bank transfers in Asia.

% of coverage
  • Country

    Malaysia

  • Population

    32 million (as of 2023)

  • Number of Bank Account Holders

    Over 25 million

  • Prominent payment methods in Malaysia

    Quick Transfer, Online Banking, Mobile Wallets, Cash Payments

% of coverage
  • Quick Transfer

    25%

  • Online Banking

    40%

  • Mobile Wallets

    20%

  • Cash Payments

    15%

Payment Method Overview
  • Type:Expedited Fund Transfer Service
  • Currency:Varies based on the financial institution and region
  • Refunds:Subject to the policies of partnering financial institutions
  • Chargebacks:Limited due to the nature of expedited transfers, assessed on a case-by-case basis

About payment system

Quick Transfer addresses the need for swift and timely fund transfers, often required for time-sensitive situations, emergencies, or urgent business transactions. Unlike traditional bank transfers that may take several business days to clear, quick transfer services expedite the movement of funds to ensure they reach the recipient promptly.

The process of initiating a quick transfer varies by financial institution, but it typically involves using digital banking platforms, mobile apps, or dedicated online portals. Users provide necessary transaction details, including the recipient’s account information, the amount to be transferred, and any additional instructions.

Quick Transfer’s significance lies in its ability to facilitate rapid payments without compromising security or accuracy. While these transfers often come with associated fees, users prioritise the speed and convenience offered by quick transfer services when time is of the essence.

Businesses commonly use quick transfer services for payroll processing, vendor payments, and settling urgent financial obligations. Individuals may rely on this method for emergencies, covering unexpected expenses, or sending immediate financial support to family members or friends.

The rise of quick transfer services is aligned with the demand for digital solutions that provide users with real-time or near-real-time financial capabilities. As these services continue to evolve and gain traction, quick transfer contributes to the modernization of financial transactions by offering a practical solution for situations requiring swift fund transfers.

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Payment flow

The customer selects Visa as their payment option and enters their credit card details to complete the payment.

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Pricing

Pricing request

Our fare pricing is designed to bring satisfaction to both sides of our partnership. The pricing structure is tailored to your specific business type and monthly turnover. Kindly send us a request, including details about your business, and our dedicated success manager will promptly get back to you with our best offer.