The Badminton World Federation (BWF) is probing the pair over alleged fixing that happened about two years ago, said Norza Zakaria, president of the Badminton Association of Malaysia.
He refused to disclose their identities but Malaysias The Star newspaper reported one used to be a top junior player and the other had taken part in the Thomas Cup, a prestigious team event.
"We have zero tolerance for this kind of heinous behaviour -- it will tarnish badmintons reputation," Norza told AFP.
Under the BWFs rules, players found guilty of match-fixing can be banned for life. The Star reported that the players, who have been suspended, will attend a BWF hearing in Singapore this month.
Malaysias anti-corruption authorities also said they would investigate the allegations.
Match-fixing scandals have in the past hit other sports in Asia, including cricket and football, but have been rare in badminton.
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