Paydibs has been officially onboarded as a Third-Party Acquirer (TPA) for the Financial Process Exchange (FPX) by Payments Network Malaysia (PayNet), allowing the payment solutions provider to process FPX transactions directly.
With this move, Paydibs becomes one of ten non-bank acquirers connected to PayNet’s FPX infrastructure.
The direct connection removes intermediaries in the payment flow, enabling greater control over transaction processing, settlement and cost efficiency.
The onboarding also strengthens Paydibs’ technical infrastructure and its ability to offer merchant-first solutions across online platforms.
The onboarding represents a key step in Paydibs’ ongoing expansion.
It follows the company’s rollout of Paydibs NEO, a multi-functional payment terminal that consolidates QR payments, card acceptance, Buy Now Pay Later options and a soundbox into a single device, helping merchants manage in-store payments without the need for multiple devices.
Paydibs is also participating in the BSN MSME Digital Grant MADANI as a Digital Partner, helping eligible businesses adopt digital payment tools with subsidised support.
The company has indicated plans to introduce embedded financing and deepen its integration with national payment systems in the future.
“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.
Beyond Transactions. This is a strategic step that strengthens our ability to deliver dependable, future-ready solutions,”
said Tee Kean Kang, Chief Commercial Officer of Paydibs.
Featured image: Edited by Fintech News Malaysia, based on image by EyeEm via Freepik
