28-07-2025
Paydibs named direct FPX acquirer by PayNet
KUALA LUMPUR: Paydibs, a homegrown digital payments provider, has been officially onboarded as a direct third-party acquirer for the financial process exchange (FPX) by Payments Network Malaysia Sdn Bhd (PayNet), making it one of only 10 non-bank acquirers directly connected to PayNet's FPX infrastructure.
In a statement, Paydibs said the direct access enables it to process FPX transactions independently, eliminating the need for intermediaries and allowing merchants nationwide to benefit from faster settlements, improved cost efficiency and greater control.
Paydibs chief commercial officer, Tee Kean Kang, said the direct connection reinforces the company's position as a merchant-first solutions provider, delivering a seamless and transparent payment experience that supports Malaysia's rapidly evolving digital 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," he said.
The company stated that the development complements its ongoing strategic initiatives, including the launch of Paydibs NEO-Malaysia's first all-in-one payment terminal, which integrates QR, card, buy now pay later (BNPL), and soundbox payment features into a single device for seamless in-store transactions.
Paydibs added that its role as a Digital Partner under the BSN MSME Digital Grant MADANI allows eligible businesses to adopt digital payment solutions at subsidised rates, in support of the government's push for wider digital adoption and financial inclusion.
Looking ahead, the company plans to introduce embedded financing options and enhance integration with national payment infrastructure to support business continuity, operational efficiency, and long-term growth.
For more information, visit - Bernama
