AXS and NTT DATA Sign Partnership to Streamline Cross-Border Bill Payments
AXS and NTT DATA signed a memorandum of understanding to connect bill-payment networks in Singapore and Malaysia, providing Southeast Asian users with a more seamless cross-border payment experience.
What are the key facts?
- 1Partners: AXS and NTT DATA Japan
- 2Markets: Singapore and Malaysia
- 3Goal: Interconnect bill-payment networks
What happened?
Singaporean payment service provider AXS and NTT DATA Japan signed a memorandum of understanding to explore interoperability for cross-border bill-payment services. The partnership will begin with Singapore and Malaysia, connecting their bill-payment ecosystems so users can pay cross-border bills seamlessly through their respective domestic platforms.
What does this mean for cross-border sellers?
Greater interoperability between payment infrastructures in Southeast Asia could provide cross-border ecommerce businesses operating in the region with more convenient localized payment support.