If you place an order at Shopee, your payment will go to "Shopee Malaysia Kuala Lumpur MY"
If you top up ShopeePay, then "ShopeePay Top up Kuala Lumpur MY" (MCC6540). Doesn't matter how you spend the ShopeePay credit.
But if you spend on digital goods offered by Airpay Malaysia Sdn Bhd, eg food vouchers, bill payment, Shopeepay vouchers, Shell voucher, then your payment will be diverted to "Airpay Malaysia Sdn Bhd Kuala Lumpur MY" (MCC6540) since January 2021 (before December 2020 - Shopee Malaysia)
ShopeePay is owned by Airpay Malaysia Sdn Bhd, Bank Negara grant an e-money license to Airpay Malaysia Sdn Bhd, the brand is "ShopeePay".
Shopee Malaysia S/B (shopping platform) and Airpay Malaysia S/B (financial services) are in 2 different businesses. They are both owned by SEA Group Singapore.
thanks for detailed explanation. I finally understand why Airpay (and why I never even once got Airpay).
I took some risk with the RHB Shell first/subsequent spending with TNB and (hopefully) fortunately it's MYTNB SSP-EC BANGSAR MY. I used web just in case the App ends up with Airpay.