30,000 condo units can now tap on AXS Pay to pay their condo management fees

30,000 condo units can now tap on AXS Pay to pay their condo management fees

The service will be progressively made available to small businesses so that they can offer a wider range of payment options

 

Singapore, 17 January 2017 –
Starting
mid-January, residents of over 30,000 condo units can look forward to
paying their condominium management fees (MCST fees) via AXS Payment
Services (“AXS Pay”), a service that is developed
specifically for the needs of small and medium-sized enterprises
(“SMEs”).

With the popularity of online and on-the-go payment options in Singapore, AXS Pay was
jointly developed with DBS with the aim to assist SMEs in transforming their mainly
cheque  and cash-based fee collection
to digital e-payment collection over the 3 AXS’  payment channels – the
AXS Station, the AXS e-Station (Internet), and the AXS m-Station (mobile
app).

This
service is free to users and transaction fees have been waived for
condominiums’ managing agents. Managing agents can sign up with AXS free
of charge to enjoy the benefits of this integrated payment
service. Participating condominiums can look forward to increasing
their productivity and reducing the resources needed (such as manual
data entry) to consolidate payments, while offering their residents the
added convenience of AXS’ payment channels.

Supporting AXS Pay is part of DBS’ larger plan to drive cashless
and chequeless payment behaviour
in Singapore – something that the bank is uniquely positioned to do
given
that it banks most of the nation. With close to five million customers
in Singapore, DBS has been relentlessly expanding its payments
partnerships in order to provide an entire ecosystem of options to meet
customers’ diverse payment needs and preferences.

“Customers
today seek payment services on-the-go, a need evidently proven with the
strong year-on-year usage growth in both DBS and AXS’ internet and
mobile payment channels. We look forward to further
enhancing our customers’ experience and bringing cashless and
chequeless payment in Singapore to another level with this new
offering,” said Sim S Lim, DBS Singapore country head.

 “AXS
Pay is the continued effort of AXS to extend more services that promote
cashless transactions, catering to various businesses that may not have
the economy of scale to embark on such
activities.  This will also help consumers, in this case the residents
of the condominium and apartments, to consolidate their payment needs,” said AXS CEO, Mr. Joey Chang.

“For
a start, we have launched this service to the MCST cluster for the
collection of Condominium fees. Today, over 30,000 condominium units
will be able to pay for their MCST fees through AXS channels.
More will be added in the coming months through strong support from
Managing Agents like Savills, Property Facility Services (“PFS”) and
Rhodo, that see this service beneficial to the residents of the
condominiums,” continued Mr. Chang.

“We
are delighted to partner with AXS for this new service. AXS Pay will
bring forth the convenience of digital payment for both our industry as
well as our residents. This would help the industry
in displacing cheques and cash, and increase productivity as a whole.
Our residents will also be able to enjoy the ease of making their
payments on their mobile device, Internet or kiosk in a safe and secured
manner,” said Mr. Chan Kok Hong, Managing Director,
Savills Property Management.

Making Bill Payments Secure, Convenient and Easy

AXS
Pay will be launched in phases, and gradually be expanded to include
Home Services like gas delivery, air-con servicing and Student Services
like home tuition service and enrichment classes.

Condominiums who wish to sign up to be included in AXS Pay can contact 6389 7990 (9am – 5pm, Mon – Fri, excluding Public Holiday) or email
axspay@axs.com.sg for more details.

On
the AXS channels, this service is accessible under “Pay Others”, which
is designed to cater for payments of miscellaneous fees that are not
categorized as regular bills or fines. Members of the
public can find out the participating MCSTs by simply enter the MCST
No. and Postal Code on AXS channels (refer to Appendix for the step
guide).

To
date, AXS provides e-Services from over 150 private and government
organisations to customers island-wide. AXS e-Station can be accessed
via its website (www.axs.com.sg),
while the AXS m-Station application is available on Apple iOS and
Android OS platforms. AXS users can also choose from the 900 AXS
Stations conveniently located island-wide.