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 2017Starting 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. 
For more information on AXS as well as its range of services, please visit www.axs.com.sg.
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