AXS Singapore Collaborates with Triple-A to Accept Crypto Payments

Singapore's major payment solution provider, AXS, has partnered with Triple-A, a global digital currency payments institution, to introduce cryptocurrency payments for bill settlements. This groundbreaking collaboration aims to offer enhanced payment flexibility and convenience to AXS users using digital assets such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Circle USD Coin (USDC).

Key Points:

1. Crypto Payment Options: Users can use Bitcoin, Ethereum, Tether, and Circle USD Coin for bill payments, fine settlements, and prepaid telecom card top-ups.
2. AXS Network: AXS, known for its Electronic Service Delivery Network (ESDN), has a wide-reaching network, including over 650 AXS Stations across Singapore, AXS e-Station (online platform), and AXS m-Station (mobile app).
3. Limited Initial Availability: Initially, crypto payments will be available at 550 of the 650 AXS payment services in Singapore, limited to the mobile application, AXS m-Station. The services will expand to all 650 payment channels, including the website, in Q2 of this year.
4. Partnership with Triple-A: Triple-A, a prominent player in blockchain-related payments since 2017, will facilitate crypto transactions for AXS. The process involves converting cryptocurrencies to Singapore's local fiat currency through Triple-A before crediting the sum to AXS, taking one business day to complete.
5. Triple-A's Expertise: Triple-A, licensed by the Monetary Authority of Singapore (MAS) and other regulators, has a track record of empowering global businesses through its solutions. The company emphasizes secure and user-friendly payment experiences while adhering to regulatory compliance standards.
6. Global Collaborations: Triple-A has forged successful partnerships with various firms worldwide, enabling crypto withdrawals from ATMs in South Africa, introducing digital currency payments on B2B trading platforms, and collaborating with Zodia Markets to drive innovation in the financial sector.

The collaboration between AXS and Triple-A represents a significant step in bringing cryptocurrency payments to mainstream use in Singapore, with a focus on security, user-friendliness, and regulatory compliance.