Business Daily Media

eftPay Entered in a MOU with AXS

Revolutionizing Payment Processing Across Asia Pacific Markets

HONG KONG SAR - Media OutReach Newswire - 11 November 2024 - eft Payments (Asia) Limited ("eftPay" or the "Company"), one of the leading e-Payment services providers in Hong Kong, is pleased to announce that the Company has entered into a memorandum of understanding (the"MOU") with AXS, an e-payment solutions provider in Singapore, to develop inter-connectivity between both existing gateways for seamless payment processing, supporting the duos operating markets across Asia Pacific.

With this MOU, both entities will partner in areas such as developing cross-border gateway connectivity for seamless bill payments solutions, and aggregations. This partnership intends to provide an efficient process for onboarding merchants and ensuring reasonable integrity and security of the shared network.

In addition, eftPay will enable alternative payment model (APM) and technology, supporting operating markets of AXS across Southeast Asia, while AXS will enable a bill payment aggregation model and technology, supporting operating markets of eftPay (Asia) across Hong Kong, Taiwan and Macau.

Mr. Andrew Lo Chun-kit, Chairman and CEO of eftPay, said, "We are thrilled to be the overseas partner of AXS. This collaboration marks a remarkable milestone in expanding our overseas footprint. We believe that it will facilitate the expansion of both parties into overseas markets, effectively addressing the operational challenges faced by a broader range of merchants and reinforcing our position at the forefront of the industry. Looking ahead, we will actively explore diverse projects to export unique solutions and services worldwide."

Mr. Jeffrey Goh, AXS Co-Founder and Group CEO added, "With this collaboration, AXS is continuing the extension of our bill payment platform outside of Singapore including inter-connectivity of our payment gateways. We are also excited to innovate with eftPay on payment technology and solutions across borders and leverage on our expertise in both markets." Mr. Goh hopes that this MOU signing is a start and the two companies will bring together more collaborations in both Hong Kong and Singapore.

Click here for more HD pictures.
Hashtag: #eftPay #易付達亞洲 #AXS

The issuer is solely responsible for the content of this announcement.

eft Payments (Asia) Limited

eftPay is one of the leading e-Payment services providers in Hong Kong, providing comprehensive e-Payment services to merchants with over a decade of experiences, including account opening, point of sale system and integration of payment system, transaction processing and payment settlement services. Currently, eftPay serves a wide range of merchants in Hong Kong, including well-known local jewelry chains, electrical appliances stores, makeup and beauty stores, clothing stores, food and beverage, theme parks, convenience stores and supermarkets. Website: http://www.eftpay.com.hk/

AXS Pte Ltd

Incorporated in 2000, AXS has served the payments needs of Singaporean consumers and merchants for over 20 years. AXS provides more than one million users with rapid access to greater than 800 payment services, via its network of over 630 AXS Station self-service kiosks, as well as its proprietary AXS e-Station web-based and AXS m-Station mobile-based applications. Website: https://www.axs.com.sg/

News from Asia

Trusting AI in financial markets: Octa broker's rundown of perspectives and prospects

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 29 November 2024 - Artificial Intelligence (AI) has integrated into the financial sector, showing one of the highest adoption rates across indust...

‘GBA Creative Fortnight’ Themed 'What’s NE(X)T' for 2024 Edition

Transformative Event Shines a Spotlight on the Collaborative Design Excellence at the Greater Bay Area, setting the stage for a new era of creativity in the region Exhibition at DX design hub will...

Red Bull Malaysia Extends Partnership With 31, Maju Motor And CKJ Racing Teams After The Successful PETRONAS MAM Malaysian Cub Prix Season

Red Bull Malaysia hosted an appreciation dinner to celebrate the achievements of the racing teams and their crew. After a month-long social media contest, Red Bull Malaysia awarde...

New Opportunities for Cooperation: The Russia-ASEAN Forum Concludes in Malaysia

SINGAPORE - Media OutReach Newswire - 29 November 2024 - The "World of Opportunities: Russia-ASEAN" International Business Forum, held from November 26 to 27, officially concluded in Kuala Lumpur...

Hong Kong’s Annual Design Festival deTour 2024

Over 80 Local and Overseas Creative Communities Engaging in Large-scale Installations & Exhibitions, Workshops, and Creative Voice Powering Inner Growth Through Design HONG KONG SAR - Medi...

Shiok Kitchen Catering’s Halal seasonal Christmas Catering menu highlights

SINGAPORE - Media OutReach Newswire - 29 November 2024 - Celebrate Christmas with Shiok Kitchen Catering, a Halal-certified caterer under Creative Eateries that offers an array of one-stop cateri...

Chairman Chen Zhi of Prince Holding Group Wins "Best Contributions Towards Socio-Economic Development - Cambodia" Award at International Finance Awards

Recognition Highlights Leadership Balancing Business Success and Community Impact PHNOM PENH, CAMBODIA - Media OutReach Newswire - 29 November 2024 - Neak Oknha Chen Zhi, Chairman of Prince Holdi...

HONMA Golf Announces Interim Results for FY2024/25 Significant Revenue Growth from Direct-to-Consumer Channel amidst Challenging Environment

HONG KONG SAR - Media OutReach Newswire - 29 November 2024 - HONMA Golf Limited ("HONMA"; together with its subsidiaries, the "Group"; HKEX stock code: 6858), one of the most prestigious golf bra...

Comfelie Brings Timeless Comfort and Purpose to Life with Pop-Up Event in Hong Kong

HONG KONG SAR - Media OutReach Newswire - 29 November 2024 - Comfelie brought Timeless Comfort to the heart of Hong Kong with a unique blend of style, wellness, and purpose...

SUSS Launches the Intercontinental Alliance for Integrated Care to Tackle Global Healthcare Challenges

The pioneering Alliance, guided by founding members from leading universities across Asia, North America, and Europe, aims to foster cross-border collaboration among health and social care ...

Retail Reinvented: How Technology and Consumer Confidence Will Shape 2025

As we approach 2025, Australia's retail sector stands at a pivotal juncture, influenced by evolving consumer behaviours, technological advancement...

SME Spending Signals Growing Confidence Among APAC Businesses: Instarem SME Spend Barometer

Inaugural report highlights spending behaviours among SMEs in Singapore, Australia, and Malaysia, revealing a strategic shift toward long-term gro...

Employment entitlements businesses need to know when hiring remote employees

In today's digitally connected world, companies are no longer limited by geographical boundaries when it comes to hiring. Tapping into overseas ta...

Remove the Guess Work in Location Planning

Planning where to open a new business location is a high-stakes decision. To help remove any guess work, Melbourne-headquartered GapMaps, a leader...

Employers and employees back Right to Disconnect but it’s complicated

Nearly three-quarters (74%) of Australian employers support the ‘Right to Disconnect’ legislation in Australia, according to a new survey by globa...

Financial headwinds continue to impact Australians as ASIC’s latest figures reveal more hardship ahead

WCT Advisory grows three-fold to handle increasing workload As the spiralling cost of living continues to wreak havoc on the average Australian...

Sell by LayBy