Paydibs, a payment solutions provider in Malaysia, has announced its official onboarding by Payments Network Malaysia Sdn Bhd (PayNet) as a Third-Party Acquirer (TPA) for the Financial Process Exchange (FPX).
As one of ten non-bank FPX acquirers connected directly to PayNet’s FPX payment rail, Paydibs can now process FPX transactions independently, removing intermediary layers and enabling greater control over transaction processing, settlement and cost efficiency, the firm said in a statement on Thursday.
This onboarding marks a significant milestone in Paydibs’ growth, strengthening its technical infrastructure and enhancing its ability to deliver seamless, merchant-first solutions across online channel.
It also positions the company to better serve the evolving needs of businesses from micro, small and medium-sized enterprises (MSMEs) to larger organizations in a rapidly digitizing economy.
“At the heart of this milestone is our commitment to building a more inclusive and resilient payments ecosystem,
“Being directly connected to PayNet allows us to offer merchants greater control, faster access to funds and enhanced features, aligning with our promise of Payment Inclusion,” said Tee Kean Kang, Chief Commercial Officer of Paydibs.
“Beyond transactions, this is a strategic step that strengthens our ability to deliver dependable, future-ready solutions,” he added.
According to the statement, the development builds on a series of strategic initiatives by Paydibs, including the launch of Paydibs NEO, Malaysia’s first all-in-one payment terminal.
Designed to simplify in-store payments, NEO consolidates QR, card, and Buy Now Pay Later options along with a soundbox into a single device, helping merchants manage in-store payments easily and efficiently, without the need for multiple devices.
Paydibs’ commitment to micro, small, and medium enterprises (MSMEs) is further reinforced through its role as a digital partner under the BSN MSME Digital Grant MADANI.
Through this national initiative, it enables eligible businesses to adopt digital payment solutions at subsidized rates by helping accelerate digital adoption and support broader financial inclusion across the country.
Looking ahead, Paydibs said it plans to introduce embedded financing options and deepen its integration with national payment infrastructure.
These efforts reflect the company’s continued focus on delivering solutions that promote business continuity, operational efficiency and long-term growth.
Paydibs is a payment service provider offering a comprehensive range of payment solutions that enable small to large merchants to effortlessly accept payment from global customers via a variety of local payment methods, such as credit/debit cards, online banking, and e-wallets.