Draft:AXS Pte Ltd: Difference between revisions - Wikipedia

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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=10 September 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=29 July 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=26 August 2024 |website=CNA |language=en}}</ref><ref>{{Cite news |last=Abdullah |first=Zhaki |date=17 July 2024 |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=26 August 2024 |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=10 June 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=29 July 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=11 July 2023 |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=26 August 2024 |work=The Straits Times |language=en |issn=0585-3923}}</ref><ref>{{Cite news |last=Asmani |first=Azrin |date=10 June 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=29 July 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=29 July 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=26 August 2024 |website=AXS |language=en-US}}</ref>