It’s all about the payments landscape today as we speak to a pioneer in Singapore’s fintech space. Make a guess – this company also has over 650 self-service kiosks across Singapore and handles over 650 million bill payments since its inception in the year 2000.

We’re talking about bills for schools, government, hospitals, insurance, utilities and more. And users also use the kiosks to pay for their fines or as we call it here in Singaporean terms - “summons”.

You might have guessed it by now, our guest is indeed payments provider AXS. AXS is an interesting company to look at because of various reasons surrounding its ownership, the changing business environment and recent partnerships. 

In July 2023, DBS Bank had agreed to sell a 77.8 per cent stake in AXS to locally based private equity firm Tower Capital Asia. The move was said to provide AXS with the financial backing needed for its regional expansion and technological upgrades. But what should we know on this front, and what has been done one year since the news emerged?

Meanwhile, to cater to changing consumer preferences and the increased need for integrated payments solutions, AXS came up with a newly launched app called AXS Drive to simplify parking payments without the need for physical cards. The question though is – how important is this for AXS financially? 

On the partnerships front, the firm also teamed up with Aleta Planet to launch remittance service through UnionPay. But what were the reasons behind the move, and how much money is in this space?

On Under the Radar, The Evening Runway’s finance presenter Chua Tian Tian posed these questions to Jeffrey Goh, Group Chief Executive Officer, AXS.