Paydibs: 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.

According to BERNAMA News Agency, the direct access enables Paydibs 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, stated that 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. He emphasized that the milestone is rooted in their commitment to building a more inclusive and resilient payments ecosystem, offering merchants greater control, faster access to funds, and enhanced features.

The company highlighted that this development complements its ongoing strategic initiatives, including the launch of Paydibs NEO-Malaysia’s first all-in-one payment terminal. This innovative terminal integrates QR, card, buy now pay later (BNPL), and soundbox payment features into a single device for seamless in-store transactions.

Furthermore, Paydibs explained 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, supporting the government’s push for wider digital adoption and financial inclusion.

Looking forward, Paydibs plans to introduce embedded financing options and enhance integration with national payment infrastructure to support business continuity, operational efficiency, and long-term growth.