MOLPay Launches 1-Click Payment Solution
Oct 17, 2013 (Thu): MOL Group’s online payment solution provider, MOLPay has announced its Secure 1-Click Payment which allows shoppers to complete mobile transactions in a single click when paying online via mobile devices.
With the new Secure 1-Click Payment, any return customers will be identified through their user profile with token, a secret key to store and retrieve customer’s credit card information from a secured vault. Therefore, no entry of credit card information is needed to authenticate the transaction.
According to MOLPay’s CEO Eng Sheng Guan, the new payment solution can help merchants to increase successful transaction rate by 15 per cent and the statistic was generated during a pilot run among selected merchants.
