Paydibs, a digital payments company in Malaysia, has entered a new phase with a refreshed fintech identity, updated leadership, and a roadmap geared towards supporting business growth, particularly among SMEs.
Tee Kean Kang, Chief Commercial Officer, is part of the renewed leadership team.
With his industry experience, he is tasked with shaping the company’s commercial strategy.
Following several years of development, Paydibs is re-emerging with a team experienced in payments, stored value, and digital lending.
Its current approach aims to support scalability through updated technology, direct integration with national payment infrastructure, and a streamlined user experience.
To support this next stage, Paydibs is introducing several merchant-focused solutions.
Central to this is an all-in-one payment device that integrates QR and card acceptance for in-store use, intended to simplify transactions for retailers, F&B outlets, and service providers.
The company is also offering accelerated settlement cycles, including T+1 and T+0 (same-day) payouts, subject to terms and conditions, with risk management informed by transaction data.
In addition, Paydibs is exploring embedded financing.
Using transaction-based credit assessments, it aims to provide eligible merchants with access to working capital, leveraging real-time data to simplify the lending process.
The company has partnered with MCash to enable bill payment and mobile reload services through its new terminal.
This turns the device into a multi-functional tool, offering both customer convenience and a new revenue stream for merchants.
On the acquiring side, Paydibs now operates with direct connections to national payment rails, acquiring banks, and channel partners.
This setup allows for straight-through processing, offering quicker and potentially more cost-effective transactions.
Paydibs has described its renewed mission as: “Payment Inclusion. Beyond Transactions,” which it supports through its integrated approach: “Pay In. Payout. Finance.”
The company has also been appointed a Digital Partner under the BSN Micro, Small and Medium Enterprise Digital Grant (MSME) MADANI, a government initiative designed to improve digital participation and financial inclusion for smaller enterprises.
Featured image credit: Edited by Fintech News Malaysia, based on image by jcomp via Freepik
