Paydibs has announced they have become 1 of the 10 non-bank entities to join FPX as a Third-Party Acquirer (TPA), officially recognized by PayNet.
With this achievement, they are now connected directly to PayNet’s FPX infrastructure, letting them process online banking transactions on their own without relying on intermediaries. That not only streamlines the process but also gives them more control over settlements, speed, and cost efficiency.
Merchants of various range and particularly those in the MSME segment, they will be able to reap potential benefits such as faster payments, greater transparency, and potentially lower transaction costs, and Paydibs stated that by becoming a TPA for FPX, they can continue to push its “Payment Inclusion. Beyond Transactions” slogan.
This announcement builds on momentum from earlier initiatives like Paydibs NEO, which is Malaysia’s first all-in-one payment terminal. NEO pulls together QR payments, card transactions, BNPL (Buy Now Pay Later), and even soundbox alerts into one compact device, eliminating the need for merchants to juggle multiple tools for in-store payments.
Their commitment to MSMEs doesn’t stop there, as Paydibs is also a Digital Partner in the BSN MSME Digital Grant MADANI program, helping eligible businesses adopt digital payment solutions at subsidised rates—another big boost for small businesses looking to go digital affordably.
Looking forward, Paydibs is eyeing embedded financing and deeper integration with the national payments backbone, signaling that its ambitions go far beyond just transactions.
