AXS and NTT DATA Japan Sign MOU to Streamline Cross-Border Bill Payments
Singapore payment service provider AXS and NTT DATA Japan have signed a memorandum of understanding to connect their bill-payment networks. The initiative aims to provide cross-border users in Southeast Asia with a more convenient bill-payment experience and advance regional digital-payment integration.
What are the key facts?
- 1Singapore and Malaysia covered
- 2Interconnection of bill-payment networks
- 3NTT DATA’s ADAPTIS platform
What happened?
AXS and NTT DATA Japan will develop secure, seamless cross-border bill-payment services. The partners will first pilot the service in Singapore and Malaysia by interconnecting their payment ecosystems, allowing users to pay bills seamlessly across markets. They plan to expand to more Asian countries in the future.
What does this mean for cross-border sellers?
Improved payment infrastructure in Southeast Asia could support deeper localized operations for sellers in the region.