IOUpay Limited launched in 2020 (previously iSentric) to reflect the company’s revised focus on its core fintech activities of mobile banking and digital purchase and payment services.

They provide fintech and digital commerce software and services in South East Asia (SEA) that enable their institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions.

The IOUpay platform enables large customer communities to extend their information technology applications to any mobile device and integrate mobile technology throughout their existing business.

IOUpay Limited business divisions consist of Mobile Banking, Digital Payments and Digital Services which service 20 of Malaysia’s leading banks, insurers and telco in Malaysia and other large corporates in Malaysia & Indonesia.


  • Lee Chin Wee, Executive Director

    Appointed 8 September 2014, appointed Interim Chairman on 8 July 2020

    Lee Chin Wee is a founding shareholder and a director of IOUpay.

    Mr Lee has over 20 years’ experience in a Fintech space, mobile payment, mobile banking solutions, digital marketing and telecommunication industry. He was a former business consultant of Accenture focusing on telecommunications billing systems, products developments and revenue assurance.

    Mr Lee holds a First Class BEng (Hon) Degree in Electrical & Engineering from University College London and a Master of Business Administration (MBA) from University of Malaya.

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  • Kwong Yang Chon, Independent Non Executive Director,

    Kwong Yang Chong is of Australian nationality. He has substantial experience in finance and accounting and is a CPA Australia member. Kwong Yang Chong’s relevant experience includes: Audit manager at Ernst & Young for ten years. Financial controller of a leading commercial advertisement production Group in Malaysia for 10 years. Corporate Finance Manager in Eaton Industries Australia, a member of Eaton Corporation, a Fortune 500 company listed in US, from 2009 to 2014. Chief Financial Officer of Donaco International Ltd (an ASX listed company) from 2015 to Jan 2020

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  • Datuk Khairul Idham Bin Ismail, Independent Non Executive Director

    Datuk Khairul is a lawyer by profession and was called to the Malaysian Bar in September 2000. He holds a LLB (2nd Class Upper Division) from King’s College, London and a Certificate in Legal Practice (C.L.P.) from the Legal Profession Qualifying Board of Malaysia.

    Datuk Khairul started his legal career with Messrs David Chong & Co in 2000 before joining the Corporate Secretarial and Legal Department of MMC Corporation Berhad in January 2003. In 2006 Datuk Khairul joined Messrs Naqiz & Partners and was promoted to become its Managing Partner in 2015. Datuk Khairul’s experience in the legal industry includes all corporate & commercial matters, capital markets, Islamic banking & finance, construction and real estate transactions, infrastructure and projects, corporate restructuring, public-private partnerships, privatisation and intellectual property.

    Datuk Khairul is also an Independent Non-Executive Director of Niche Capital Emas Holdings Berhad (“Niche Capital”) since 26 May 2015. Niche Capital is a public listed company on Bursa Malaysia Securities Berhad and is principally involved in construction, property investment and jewellery trading. Datuk Khairul was re-designated as the Chairman of the Board of Niche Capital on 29 May 2017.

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  • Byung Moo Shin, Independent Non Executive Director

    Mr Shin is a commercial lawyer by profession holding an LLB, Bachelor of Commerce & Bachelor of Laws from The University of Sydney (2011) and having been admitted as a Lawyer of the Supreme Court of New South Wales by the NSW Legal Profession Admission Board in 2012.

    Mr Shin specialises in institutional investment and asset management, specifically inbound and outbound South Korean investment across a diverse range of industries. Mr Shin has a strong passion for the financial technology sector and has held senior executive roles with Trihill Partner Investment Management and Hangang Asset Managment in Seoul, South Korea and Manhattan, New York.

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  • Paul Russell, Executive Director

    Paul Russell brings 15 years of institutional banking experience with Australia’s leading financial institutions as a senior structured asset finance practitioner. Operating out of Sydney, he originated and executed transactions for large corporates, governments and institutional relationships across Australia and the Asia-Pacific region. Ranging from big-ticket capex funding for mining, aviation and marine equipment through to portfolio finance for specialised non-bank financial institutions, Paul’s transaction and relationship experience has covered a range of industries, jurisdictions, regulatory frameworks and credit profiles. In his previous role as Director, Structured Asset Finance at Westpac Institutional Bank, Paul was involved in building a portfolio of direct and third-party originated receivables, relationship management, product development, credit structuring & evaluation, and growing the bank’s Debt Capital Markets business. His work included a number of portfolio acquisition opportunities in addition to ongoing funding of new business.

    Paul holds a Bachelor of Economics from the University of Sydney (1990) specialising in accounting and econometrics.

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  • Khong Kok Loong, CEO

    Khong Kok Loong brings 30 years of experience and relationships in the South East Asian technology sectors as a board and senior executive with a wide range of large technology based corporates covering internet and mobile banking, online share trading and settlement systems and e-commerce.

    More recently as Technical Director of Malaysian national payment gateway operator IPay88 (2011 – 2019) Khong Kok Loong has a wealth of expertise, a proven track record in fintech platform and product development and strategic commercial development.

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