OxPay on the Verge of Adding Potentially Lucrative Business: Issuing Credit Cards
- Written by Reporters
- OxPay to expand its services by issuing credit cards, enhancing its position in the competitive fintech market.
- New CEO Yick Li Hsin leads the charge in exploring new markets and business opportunities.
- Strategic partnerships and collaborations aim to increase merchant acquisition and market presence.
- Agreement with DCS Card Centre: In March 2024, OxPay entered into an agreement with DCS Card Centre (formerly Diners Club Singapore) to become their payment facilitator. This allows OxPay to process transactions on credit cards and charge cards, as well as international transactions through Visa, Mastercard, Diners Club International, and China UnionPay.
- Collaboration with Green Link Digital Bank: In December 2023, OxPay SG collaborated with Green Link Digital Bank, a licensed wholesale digital bank in Singapore. This partnership aims to provide banking, supply chain financing, and working capital financing services to business enterprises in Singapore. Through this collaboration, OxPay hopes to acquire more merchants and provide them with credit facilities, thereby increasing merchant loyalty and standing out in the competitive market.
The issuer is solely responsible for the content of this announcement.
About OxPay Financial
OxPay is principally engaged in the provision of merchant payment services and digital commerce enabling services, offering online-to-offline (O2O) solutions through a fully integrated platform with a focus on servicing merchants in the retail, transportation and food and beverage industries. Its end-to-end payment platform offers comprehensive solutions for merchants, ranging from hardware and software to data analytics and other technology-driven value-added services tailored to specific industries. Its solutions cater to merchants with both on-line and off-line presences, provided through a unified platform for digitalising engagement across all channels. OxPay currently has a presence in four geographical markets - Singapore, Malaysia, Indonesia and Thailand - with ambitions to become a regional player in the global payment space. This press release has been prepared by NextInsight. For more information, please visit us at http://oxpayfinancial.com/
Source https://www.media-outreach.com/news/singapore/2024/07/19/313644/