Lulu Money MY is a licensed Money Service Business in Malaysia that is authorized to perform both MYR collection and foreign exchange services on behalf of Flywire. They can be referenced from the Central Bank of Malaysia’s website here.
Malaysia is a foreign currency restricted market in which foreign exchange outflow is regulated and documentation is required. Lulu Money MY will handle the KYC verification process remotely. You will be required to upload the necessary documents if you select Bank Transfer in Malaysian Ringgit (MYR) as the payment method. If additional verification is needed, Lulu Money MY will contact you directly via email with further instructions.
If you have any questions, please contact our local partner Lulu Money MY directly at +601 6615 5989 or by email at nsc.flywire@my.lulumoney.com.
In order to facilitate the payment experience, Flywire is working to digitalize the verification process over this next year.