AXS and NTT DATA Collaborate to Simplify Cross-Border Bill Payments in Southeast Asia
AXS has signed a memorandum of understanding with NTT DATA to streamline their bill payment networks. This collaboration will first roll out in Singapore and Malaysia, allowing users to seamlessly pay cross-border bills through their respective local platforms, enhancing the convenience of cross-border payments in the region.
What are the key facts?
- 1Partners AXS and NTT DATA
- 2Coverage areas Singapore, Malaysia, and East Asia
- 3Goal to simplify cross-border bill payments
What happened?
The two parties will develop interoperability to integrate their bill payment ecosystems. NTT DATA’s e-pay will serve as an access point in Malaysia, while AXS will provide network support in Singapore, with plans to expand the collaboration to a broader region in the future.
What does this mean for cross-border sellers?
The facilitation of cross-border bill payments will provide a more efficient payment experience for cross-border e-commerce, reducing transaction friction. Highest priority action: Update payment systems promptly to ensure smooth processing of cross-border bill payments.