Singapore, 23 January 2024 – Singapore Payment Solution Provider AXS, has partnered with Triple-A, the global digital currency payments institution, to allow for bill payments with digital currencies.
Known for its Electronic Service Delivery Network (ESDN), AXS provides diverse payment channels, including a network of 650+ AXS Stations across Singapore, its website payments (AXS e-Station), and the mobile app (AXS m-Station).
AXS has been a trusted platform for various payment services, from settling bills and fines to topping up prepaid telecom cards. Now, in partnership with Triple-A, AXS users can pay their bills on AXS m-Station, using digital currencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC).
Users benefit from expanded payment options and increased convenience for their bill payments. Both Triple-A and AXS are committed to providing users with a secure and user-friendly payment experience, all while maintaining the utmost adherence to regulatory compliance standards.
AXS joins a roster of merchants including iStudio, Farfetch, Charles and Keith, Singapore Red Cross, and Razer, along with notable payment service providers and fintech companies such as Reap, 2c2p, and Asia Pay, in collaborating with Triple-A for digital currency payments. Established in 2017, Triple-A has been a trailblazer in digital, stablecoin, and blockchain-led payments, revolutionising the landscape for global businesses. Triple-A's payment solutions also help businesses in enhancing cross-border payments, optimising treasury management, reducing costs, and increasing revenues.
Expressing excitement about the partnership, Eric Barbier, CEO of Triple-A, stated, "We are thrilled to collaborate with AXS to introduce digital currency payments, offering users a new dimension of convenience and choice for their bill payments. By accepting digital currencies, AXS can enjoy reduced processing times and fees. It marks a transformative step towards a future where businesses and users alike can easily navigate the evolving payments landscape with digital currencies."
Chin Mun Chung, CEO of AXS Services, commented, "AXS is dedicated to providing our users with innovative and secure payment solutions. Teaming up with Triple-A allows us to offer an additional payment method for bill payments, catering to the evolving preferences of our diverse user base. This partnership reinforces AXS's position as a forward-thinking and customer-centric payment solution provider, ensuring that our users enjoy utmost flexibility in their financial transactions."
About Triple-A
Triple-A, the digital currency payment institution, enables businesses to pay and get paid in both traditional and digital currencies, volatility-free.
From API to no-code integration, Triple-A’s frictionless, white-label payment solutions are designed to blend smoothly into existing business operations — all while upholding the highest standards of security and compliance.
Licensed by the Monetary Authority of Singapore (MAS) and trusted by over 20,000 businesses, Triple-A makes accepting payments in traditional and digital currencies simple for businesses worldwide. Triple-A is also licensed in the EU by the French Prudential Supervision and Resolution Authority (ACPR), under the aegis of Bank of France, as a Payment Institution, and is registered with the United States Financial Crimes Enforcement Network (FinCEN).
About AXS
Incorporated in 2000, AXS Pte Ltd (“AXS”) is a leading payment platform operator that enables organisations to reach out to their target audience on its various channels.
AXS first launched its own network of “AXS Station” kiosks as the access points to the public in 2001, and subsequently expanded its channel to include mobile app (AXS m-Station) and online (AXS e-Station). Today, with over 650 self-service AXS Stations island-wide and more than 2 million downloads of AXS m-Station mobile app, it has grown to become Singapore’s largest bills payment platform. Through AXS omni-channel presence, users are able to access over 600 transactional services from private and government organisations anytime, anywhere.
AXS became a subsidiary of DBS in September 2006, providing increased stability and resources required for business expansion.
In July 2023, Tower Capital Asia announced the acquisition of a majority stake in AXS Pte Ltd. Following the close of this transaction, which is expected in Aug 2023, Tower Capital Asia will become the largest shareholder in AXS, while existing shareholder DBS Bank continues to retain a 9.9% stake in the company.
For more information, please log on to www.axs.com.sg.
