Razorpay Curlec teams up with PayPal to offer cross-border payment solution to Malaysian SMEs

Razorpay Curlec, Malaysia’s payment firm, has teamed up with PayPal, America’s global online payment system, to enable small and medium sized enterprises (SMEs) in Malaysia to accept cross-border payments more seamlessly through a single, unified platform. Razorpay Curlec said in a statement on Wednesday that through this integration, Malaysian merchants can accept international payments via PayPal, enabling transactions in more than 100 currencies and supporting customers across key global markets. The platform also supports recurring and direct debit payments, with automated mandate management to simplify subscription-based or repeat transactions. In addition, merchants continue gaining access to a broad range of local payment methods, including FPX online banking, credit and debit cards, as well as e-wallets such as Touch ’n Go, GrabPay, and Boost, allowing businesses to continue serving domestic customers using familiar and widely adopted payment options. All payment activities are managed through Razorpay Curlec’s unified dashboard that provides visibility into payments, transfers, invoices, customer identifiers, APIs, webhooks, and real-time performance insights. This approach reduces the need for multiple integrations, simplifies compliance workflows, and offers greater transparency over cash flow across markets. “SMEs are often required to manage separate systems for local and international payments, increasing operational complexity, “Research indicates that while 21 percent of SMEs view cross-border transactions as important, concerns around payment friction and access to financing often prevent them from prioritizing international expansion,” said Kevin Lee, Country Head and Chief Executive Officer of Razorpay Curlec. According to him, various contributing factors, such as high cross-border transaction costs, limited access to preferred payment methods, currency conversion and regulatory compliance complexity, and settlement delays, can all add friction to international sales, often straining cash flow and forcing businesses to manage separate systems for domestic and overseas payments. It is noted that as Malaysia’s digital exports recorded a historic MYR 6.8 billion ($1.7 billion) surge between 2024 and the first half of 2025, the nation’s SMEs are racing to capitalize on global demand. These SMEs, which account for 97.2 percent of all business establishments and employ nearly half of the national workforce, are the primary drivers of this export growth. Yet, while domestic digital adoption is high, many struggle to scale internationally due to the complexity of accepting foreign payments and the “trust gap” with overseas buyers. Since its beta launch in 2025, the integration has processed tens of thousands of gross merchandise value (GMV), showcasing early adoption among Malaysian merchants seeking more efficient cross-border payment solutions. This integration comes at a time when various trade agreements are in place to support the regional expansion of Malaysian businesses into the Western market. The United Kingdom’s (UK) entry into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is set to open new opportunities for Malaysian businesses to access the United Kingdom market, while the Malaysia-United States (US) Agreement on Reciprocal Trade (ART) will strengthen jobs and industries by giving Malaysian SMEs tariff-free, more cost-effective access to the US. Looking forward, Razorpay Curlec said it aims to continue removing friction from cross-border payments by making them as seamless as domestic transactions, a key priority. The goal is to build a cashless, inclusive Malaysia where every business, from a home-grown social seller to a listed enterprise, has equal access to secure, innovative, and future-ready payment solutions. Curlec, ShopBack Pay join forces to support reward-driven checkout for Malaysian businesses and shoppers