KUALA LUMPUR: Paydibs Sdn Bhd has onboarded as a direct participant with Payments Network Malaysia (PayNet) for DuitNow QR (DNQR) acceptance, marking a significant upgrade for the payment service provider's infrastructure.
Paydibs said the direct participation with PayNet strengthens its position as a robust merchant acquirer, and the company now connects directly to Malaysia’s national payments network for DNQR, building on its earlier direct integration with FPX (Financial Process Exchange).
"Merchants benefit from unified access to real-time payment rails, covering both online banking via FPX and QR payments via DNQR, all through a single, streamlined platform. The development comes amid the rapid expansion of QR-based payments in Malaysia," it said in a statement.
Paydibs said direct participation with PayNet would also improve cost efficiencies and transaction processing control, while giving merchants better cash flow visibility and quicker access to funds.
Meanwhile, Paydibs chief executive officer Tee Kean Kang said the integration reflects the company’s continued commitment to strengthening its role within Malaysia’s payment ecosystem.
"By going directly with PayNet for DNQR, we are enhancing our position as a merchant acquirer, enabling us to deliver faster settlements, greater control and more efficient payment operations for businesses. At the same time, merchants benefit from simplified payment acceptance through a single platform, with access to DNQR across banks and e-wallets,” he added. - Bernama
