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FPX online banking on Luno

Our rating
4.0
Offered in
1 country
Type
Domestic bank rail
Rail reviewed
2026-08-18
Review updated
2026-08-12

Know before you deposit

Luno is winding down EU operations (EUR withdrawals end 31 Aug 2026, accounts close 1 Sep 2026); it remains fully active in Kenya, Nigeria, South Africa, Indonesia and Malaysia.

Yes. Luno takes FPX online banking in Malaysia. Real time: the account is debited and the merchant gets its confirmation while you are still on the payment page. By reach it is fourth of the 9 rails on our record for Luno; Local bank transfer is offered in more countries.

What FPX online banking is

FPX, short for Financial Process Exchange, is Malaysia's online banking payment rail, operated by Payments Network Malaysia Sdn Bhd (PayNet), the national payments operator. You pick your bank on the merchant's checkout page, sign in to your own internet or mobile banking, and approve the debit there, so the money moves straight out of your bank account. PayNet lists more than 20 participating banks, covering every major Malaysian retail banking group, and FPX is the standard way to pay a local exchange or e-commerce merchant in ringgit.

Speed
Real time: the account is debited and the merchant gets its confirmation while you are still on the payment page.
Cost of the rail
Normally nothing for the payer, because most participating merchants absorb the FPX transaction fee, though a biller can choose to pass on a flat charge.
Limits
PayNet caps a single FPX payment at RM1.00 to RM30,000 from a personal account and RM2.00 to RM1,000,000 from a company account, and your own internet banking limit applies if it is lower.

Every exchange that takes FPX online banking

Where Luno offers FPX online banking

Each country opens the Luno page for that market, with its rank there and every rail it takes. The number is Luno's rank in that country's guide.

Asia (1)

What FPX online banking costs on Luno

Local deposit methods and costs vary by market; bank transfers are typically low cost.

Other ways to pay on Luno

8 other rails at least one country we rank Luno in uses, widest reach first.

Frequently asked questions

Does Luno accept FPX online banking?

Yes, in Malaysia. By reach it is fourth of the 9 rails on our record for Luno; Local bank transfer is offered in more countries. Support is decided market by market, so the country pages linked here are the exact list.

In which countries can I use FPX online banking on Luno?

Malaysia, from our country guides reviewed between 2026-08-12 and 2026-08-12.

How long does a FPX online banking deposit take on Luno?

Real time: the account is debited and the merchant gets its confirmation while you are still on the payment page. That describes the rail itself; Luno may hold a first deposit for longer while it verifies your account.

What does FPX online banking cost on Luno?

Normally nothing for the payer, because most participating merchants absorb the FPX transaction fee, though a biller can choose to pass on a flat charge. On Luno's side: Local deposit methods and costs vary by market; bank transfers are typically low cost.

Are there limits on FPX online banking deposits?

PayNet caps a single FPX payment at RM1.00 to RM30,000 from a personal account and RM2.00 to RM1,000,000 from a company account, and your own internet banking limit applies if it is lower. Any limit Luno applies on top is set per account tier and shown inside the platform.

Sources