AXS Pte Ltd
 | |
| Formation | 2000 |
|---|---|
| Founder | Joey Chang, Jeffrey Goh, Eugene Chan |
| Headquarters | Singapore |
| Jeffrey Goh [1] | |
CEO, AXS Services | Chin Mun Chung |
CEO, AXS Payments | Quah Chun Han |
| Website | www |
AXS Pte Ltd is a Singapore-based company incorporated in 2000, providing payment services through an electronic service delivery network (ESDN).[2][3] It started as a joint venture between NETS and Primefield, and was initially named AXS InfoComm Pte Ltd.[2][4]
AXS currently is a payment Institution in Singapore licensed under the Payment Services Act by the Monetary Authority of Singapore (MAS).[5]
History
[edit]The company proceeded to set up a network of self-service transactional kiosks, known as AXS Stations, by 2001. [6] These kiosks were designed to let users make phone calls, pay bills and fines, check emails, and access websites, among other functions.[4] Today, AXS Stations are available across Singapore, located in shopping malls, commercial buildings, and transport hubs.[7][8]
In 2013, AXS launched two new payment channels – the AXS m-Station (mobile app) and AXS e-Station (web).[9][10] In 2024, AXS launched AXS Drive (mobile app) with the aim of bringing parking convenience to drivers.[11][12]
AXS was a subsidiary of DBS Bank from 2006 – 2023.[13] In August 2023, DBS Bank sold a 77.8% stake in AXS to Tower Capital Asia, a private equity firm, to support AXS's growth and innovation.[14][15] AXS announced plans to transform into a regional provider of cloud-based payment solutions, with support from Tower Capital Asia, by investing in technological advancements and expanding its payment services.[16]
Since the company started its operation, AXS has processed over 650 million transaction count with total payment value exceeding S$210 billion.[17]
References
[edit]- ^ Hu, Yuanwen (30 June 2024). "联合创办人吴麟书：AXS可成为区域首个跨市场付款金融科技公司 | 联合早报". www.zaobao.com.sg (in Corsican). Retrieved 3 September 2024.
- ^ a b Frances, Joy (27 March 2001). "New Web Stations". TODAY, Singapore. p. 5. Retrieved 29 July 2024.
- ^ Singapore 1000 & Singapore SME 1000: In Celebration of the Nation's Golden Jubilee. DP Information Group. 2015. pp. 48–49. ISBN 978-981-09-4614-2.
- ^ a b Ng, Desmond (14 April 2001). "Smile You're on the Public Phone Camera!". The New Paper. p. 13. Retrieved 29 July 2024.
- ^ "Financial Institutions Directory". Monetary Authority of Singapore. Retrieved 24 August 2024.
- ^ Singapore, Stock Exchange of (2001). Companies Handbook of the Stock Exchange of Singapore Ltd. the University of California: The Exchange. p. 425.
{{cite book}}: CS1 maint: date and year (link) - ^ Tay, Kelly (5 January 2015). "Building Points of Access". The Business Times. p. 6. Retrieved 29 July 2024.
- ^ Renner, Karen J. (15 November 2011). Fun For Kids in Singapore (3rd Edn) (3rd ed.). Marshall Cavendish International Asia Pte Ltd. p. 40. ISBN 978-981-4435-54-3.
- ^ N.A. (10 September 2013). "Pay Your Bills via AXS with Phone App or on the Net". The Straits Time. p. 3. Retrieved 29 July 2024.
- ^ "DBS, AXS team up to offer digital and mobile payment for condo fees". The Straits Times. 19 January 2017. ISSN 0585-3923. Retrieved 3 September 2024.
- ^ "AXS launches app for cardless parking at some malls and commercial buildings". CNA. Retrieved 26 August 2024.
- ^ Abdullah, Zhaki (17 July 2024). "New mobile app by AXS allows cardless payment at commercial carparks". The Straits Times. ISSN 0585-3923. Retrieved 26 August 2024.
- ^ Siow, Li Sen (10 June 2006). "DBS to Buy Further 54% Stake in AXS". The Business Times. p. 5. Retrieved 29 July 2024.
- ^ Zhu, Michelle (11 July 2023). "DBS to sell majority stake in AXS to private equity firm Tower Capital Asia". The Straits Times. ISSN 0585-3923. Retrieved 26 August 2024.
- ^ Asmani, Azrin (10 June 2006). "DBS Will Pay $1 for Majority Stake in Network of AXS Stations". The Straits Times. p. 17. Retrieved 29 July 2024.
- ^ "DBS divests majority stake in AXS to Tower Capital Asia". DBS Bank. Retrieved 29 July 2024.
- ^ "AXS | Our Story". AXS. Retrieved 26 August 2024.