Malaysian payment gateway Paydibs has announced a strategic partnership with global payment service provider AltPayNet to improve financial connectivity between Malaysia and the Philippines.

The collaboration aims to facilitate seamless cross-border transactions, initially focusing on enabling Filipinos residing in Malaysia to pay their Social Security System (SSS) contributions directly through local channels.

Under this agreement, AltPayNet will leverage Paydibs’ locally licensed payment infrastructure to route transactions securely.

This integration forms a framework that expands access to financial services for the region. It allows overseas Filipinos to pay their social security obligations, akin to Malaysia’s EPF, using compliant and local payment rails.

Tee Kean Kang, Chief Executive Officer of Paydibs, stated that the move aligns with the company’s commitment to inclusive payment solutions.

“By supporting services such as Social Security System contributions on our platform, we are helping overseas communities remain financially connected and secure using trusted and compliant local payment infrastructure,” Tee said.

AltPayNet, an authorised processor for Philippine government agencies, considers this partnership essential for the diaspora. CEO Don Vacal noted,

“By partnering with Paydibs, we can offer secure, interoperable and compliant payment services that help overseas Filipinos meet essential obligations, such as SSS contributions”.

AltPayNet also appointed Paydibs as the official payment processor for its merchants in Malaysia, expanding beyond social security payments.

Both companies plan to expand the collaboration over time to cover a wider range of merchant payments.

Through this growth, they aim to support sustainable economic development for businesses in both regions.

Featured image: Edited by Fintech News Malaysia based on an image by Rashed_stock via Freepik.

This article first appeared on Fintech News Philippines.