Paydibs Sdn Bhd, a Malaysia-based payment firm, has announced a strategic partnership with AltPayNet, a payment service provider based in the Philippines, to provide payment services between Malaysia and the Philippines.
Paydibs said in a statement on Thursday that the collaboration aimed at strengthening financial interoperability and inclusion, providing seamless payment services for overseas communities and regional merchants.
Through this partnership, AltPayNet will leverage Paydibs’ locally licensed payment infrastructure in Malaysia to enable secure and compliant payment interoperability – between the two markets.
By linking AltPayNet’s network with Paydibs’ in-market payment rails, the collaboration establishes an integrated framework that supports broader access to essential financial services while aligning with regional objectives to promote interoperable retail payments across ASEAN.
“This partnership reflects Paydibs’ commitment to advancing financial connectivity through inclusive and interoperable payment solutions,
“By supporting services such as Social Security System (SSS) contributions on our platform, we are helping overseas communities remain financially connected and secure using trusted and compliant local payment infrastructure,” said Tee Kean Kang, Chief Executive Officer of Paydibs.
The initial rollout will focus on enabling Filipinos residing in Malaysia, to make contributions directly to the Philippines’ SSS — the equivalent of Malaysia’s Employees Provident Fund (EPF).
This provides a reliable and convenient way for overseas Filipinos to keep their social security contributions up to date, and maintain access to essentials services at home.
“Our goal is to ensure financial access empowers Filipino families and communities, wherever they are,
“By partnering with Paydibs, we can offer secure, interoperable and compliant payment services that help overseas Filipinos meet essential obligations, such as SSS contributions, while also opening new opportunities for merchants across borders,” said Don Vacal, Chief Executive Officer of AltPayNet.
In addition, Paydibs has been appointed as the official payment processor for AltPayNet’s merchants in Malaysia.
Transactions will be routed through locally approved payment rails to ensure compliance and operational efficiency.
Over time, the partnership is expected to expand beyond SSS contributions to cover a wider range of merchant payments, broadening access for both businesses and consumers.
On the broader impact of the partnership, Vacal added that this collaboration strengthens their presence in Malaysia and builds on our operations.
“Together with Paydibs, we are expanding inclusion and supporting sustainable economic growth for merchants and communities alike,” he added.
Looking ahead, both companies view this collaboration as a foundation for a more inclusive and interoperable regional payments ecosystem, starting with social security contributions and extending to a wider range of merchant payments.
Paydibs and AltPayNet aim to strengthen financial resilience for overseas communities while enabling businesses to benefit from a more integrated regional payments ecosystem, said the statement.
Malaysia’s Paydibs partners with Alipay+ to expand cross-border payment capabilities