AXS and NTT DATA Japan Sign MOU to Streamline Cross-Border Bill Payments
Singapore payment service provider AXS has signed a memorandum of understanding with NTT DATA Japan to integrate bill payment networks of the two countries. This move will provide a more convenient billing payment experience for cross-border users in Southeast Asia and further promote regional digital payment integration.
What are the key facts?
- 1Collaboration covers Singapore and Malaysia
- 2Aims to interconnect bill payment networks
- 3Utilizing NTT DATA's ADAPTIS platform
What happened?
AXS and NTT DATA Japan have partnered to develop secure and seamless cross-border bill payment services. The collaboration will initially pilot in Singapore and Malaysia, enabling users to seamlessly pay bills across different markets by interconnecting their respective payment ecosystems, with future plans to expand to more Asian countries.
What does this mean for cross-border sellers?
The improvement of payment infrastructure in Southeast Asia will help sellers engage in more localized operations in the region.