OxPay Financial’s TVV wholly-owned subsidiary OxPay SG has entered into a payment facilitator master agreement with DCS Card Centre on March 25.
The payment facilitator master agreement will allow OxPay to process credit cards and charge cards issued by DCS, as well as resume international payments through Visa, Mastercard, Diners Club International and China UnionPay.
In addition, OxPay is now offering alternative payment methods such as PayNow, GrabPay, SingTel Dash and other wallets, providing merchants with a complete range of payment solutions.
The company is also working with DCS on other products and solutions to make credit more accessible to its customers.
Formerly known as Diners Club Singapore, DCS is a fintech company that provides fintech and crypto payment solutions. DCS is also a financial institution licensed to carry on the business of issuing credit cards and charge cards in Singapore, and its activities are regulated by the Monetary Authority of Singapore (MAS) under the 1970 Banking Act.
OxPay CEO Yick Li Tsin says the partnership with DCS Card Centre marks a significant for the company. “This agreement not only broadens our ability to process a diverse range of payment methods, including DCS cards, it also allows us to resume our major international payments through Visa, Mastercard, Diners Club International and China UnionPay, as well as integrates alternative payment methods like PayNow, GrabPay and SingTel Dash.”
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“This strengthens our payments portfolio and represents a significant step forward in our commitment to providing comprehensive payment solutions that cater to the evolving needs of our merchants and their customers in the digital age,” adds Yick.
Shares in OxPay closed unchanged at 4.2 cents on March 28.
