AXS and NTT DATA Partner to Optimize Cross-Border Bill Payments
AXS has signed a memorandum of understanding with NTT DATA to connect bill payment networks between Singapore and Malaysia, aiming to provide a more seamless cross-border payment experience for Southeast Asian users.
What are the key facts?
- 1Partners: AXS, NTT DATA Japan
- 2Coverage area: Singapore, Malaysia
- 3Goal: Interconnect bill payment networks
What happened?
Singapore payment service provider AXS has signed a memorandum of understanding with NTT DATA Japan to explore the interoperability of cross-border bill payment services. The collaboration will begin with Singapore and Malaysia, enabling users to pay cross-border bills seamlessly through their respective domestic platforms by connecting both parties' bill payment ecosystems.
What does this mean for cross-border sellers?
Interoperability of payment infrastructure in Southeast Asia will provide more convenient localized payment support for cross-border e-commerce operations in the region.