AXS and NTT DATA Partner to Simplify Cross-Border Bill Payments in Southeast Asia
AXS and NTT DATA signed a memorandum of understanding to connect their bill payment networks. The partnership will first launch in Singapore and Malaysia, allowing users to pay cross-border bills seamlessly through their respective local platforms and improving the convenience of cross-border payments in the region.
What are the key facts?
- 1Partners: AXS and NTT DATA
- 2Coverage: Singapore, Malaysia and East Asia
- 3Goal: simplify cross-border bill payments
What happened?
The two companies will integrate their bill payment ecosystems through interoperability development. NTT DATA’s e-pay will serve as the access point in Malaysia, while AXS will provide network support in Singapore. The companies plan to expand the partnership to a broader region in the future.
What does this mean for cross-border sellers?
More convenient cross-border bill payments could give cross-border ecommerce businesses a more efficient payment experience and reduce transaction friction. Highest-priority action: update payment systems promptly to ensure they can process cross-border bill payments smoothly.