Draft:AXS Pte Ltd: Difference between revisions - Wikipedia


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'''AXS Pte Ltd''' is a [[Singapore]]-based [[company]] incorporated in 2000, providing [[Payment service provider|payment services]] through an [[Electronic services delivery|electronic service delivery]] network (ESDN).<ref name=":3">{{Cite news |last=Frances |first=Joy |date=March 27, 2001 |title=New Web Stations |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/today20010327-2.2.9.1 |access-date=July 29, 2024 |work=TODAY, Singapore |pages=5}}</ref>  It started as a [[joint venture]] between [[NETS (company)|NETS]] and Primefield, and was initially named AXS InfoComm Pte Ltd.<ref name=":3" /><ref name=":4" />

The [[company]] proceeded to set up a network of [[self-service]] transactional [[Kiosk|kiosks]], known as AXS Stations, by 2001. These [[Kiosk|kiosks]] were designed to let users make phone calls, pay bills and fines, check emails, and access websites, among other functions.<ref name=":4">{{Cite news |last=Ng |first=Desmond |date=April 14, 2001 |title=Smile You’re on the Public Phone Camera! |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/newpaper20010414-1.2.16.1 |access-date=July 29, 2024 |work=The New Paper |pages=13}}</ref> Today, AXS-Stations are available across Singapore, located in shopping malls, commercial buildings, and transport hubs.<ref>{{Cite news |last=Tay |first=Kelly |date=January 5, 2015 |title=Building Points of Access |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/biztimes20150105-1.2.12.1 |access-date=July 29, 2024 |work=The Business Times |pages=6}}</ref>

In 2013, AXS launched two new payment channels – the AXS m-Station ([[mobile app]]) and AXS e-Station ([[web]]).<ref name=":1">{{Cite news |last=N.A. |date=September 10, 2013 |title=Pay Your Bills via AXS with Phone App or on the Net |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/straitstimes20130910-1.2.33.7 |archive-url= |access-date=July 29, 2024 |work=The Straits Time |pages=3}}</ref> In 2024, AXS launched AXS Drive ([[mobile app]]) with the aim of bringing parking convenience to drivers.<ref>{{Cite web |title=AXS launches app for cardless parking at some malls and commercial buildings |url=https://www.channelnewsasia.com/singapore/axs-app-cardless-parking-car-parks-shopping-malls-commercial-buildings-4484721 |access-date=2024-08-26 |website=CNA |language=en}}</ref><ref>{{Cite news |last=Abdullah |first=Zhaki |date=2024-07-17 |title=New mobile app by AXS allows cardless payment at commercial carparks |url=https://www.straitstimes.com/singapore/transport/new-app-for-cardless-parking-at-commercial-carparks |access-date=2024-08-26 |work=The Straits Times |language=en |issn=0585-3923}}</ref>

AXS was a [[subsidiary]] of [[DBS Bank]] from 2006 – 2023.<ref>{{Cite news |last=Siow |first=Li Sen |date=June 10, 2006 |title=DBS to Buy Further 54% Stake in AXS |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/biztimes20060610-1.2.11.10 |access-date=July 29, 2024 |work=The Business Times |pages=5}}</ref> 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]].<ref name=":2">{{Cite news |last=Zhu |first=Michelle |date=2023-07-11 |title=DBS to sell majority stake in AXS to private equity firm Tower Capital Asia |url=https://www.straitstimes.com/business/dbs-to-sell-majority-stake-in-axs-to-private-equity-firm-tower-capital-asia |access-date=2024-08-26 |work=The Straits Times |language=en |issn=0585-3923}}</ref><ref>{{Cite news |last=Asmani |first=Azrin |date=June 10, 2006 |title=DBS Will Pay $1 for Majority Stake in Network of AXS Stations |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/straitstimes20060610-1.2.81.6.4 |access-date=July 29, 2024 |work=The Straits Times |pages=17}}</ref> AXS announced plans to transform into a regional provider of [[cloud-based]] payment solutions, with support from Tower Capital Asia, by investing in [[Technological advancement|technological advancements]] and expanding its payment services.<ref name=":0">{{Cite web |title=DBS divests majority stake in AXS to Tower Capital Asia |url=https://www.dbs.com/newsroom/DBS_divests_majority_stake_in_AXS_to_Tower_Capital_Asia |access-date=July 29, 2024 |website=DBS Bank}}</ref>

Since the company started its operation, AXS has processed over 650 million transaction count with total payment value exceeding S$210 billion.<ref>{{Cite web |title=AXS {{!}} Our Story |url=https://axs.com.sg/our-story/ |access-date=2024-08-26 |website=AXS |language=en-US}}</ref> AXS currently is a Major Payment Institution in Singapore licensed under the [[Payment Services Act 2019|Payment Services Act]] by the [[Monetary Authority of Singapore]] (MAS).<ref>{{Cite web |title=Financial Institutions Directory |url=https://eservices.mas.gov.sg/fid/institution/detail/796-AXS-PTE-LTD |access-date=August 24, 2024 |website=Monetary Authority of Singapore}}</ref>

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[[Category:Financial services companies established in 2000]]

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[[Category:Singaporean brands]]