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Singapore Payments Firm Plans Expansion From Dubai Hub

Singapore payments firm plans expansion from Dubai hub

AXS app launches China remittance through UnionPay

Singapore News - A new remittance service on the AXS app will allow money transfers to China for a flat fee of $1 through the UnionPay card network. All transfers can be made securely and quickly within 60 seconds, said Mr Ryan Gwee, founder and chairman of global payment. Read more at www.tnp.sg

AXS taps Aleta Planet to launch remittance service through UnionPay

Singapore’s Leading Payment Service Provider AXS has entered into a strategic partnership with Aleta Planet to provide remittance services to China, in the first major solution to help consumers plug a gap following a ban on remittance houses transferring funds to China through non-banks and non-card channels.

ST Explains: How should you remit money to China?

New rules bar remittance companies from using non-bank and non-card channels such as third-party agents. Read more at straitstimes.com.

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