OxPay Financial Limited is pleased to announce that its wholly-owned subsidiary, OxPay SG Pte. Ltd., has entered into a memorandum of understanding with Pi Pay, a payments solutions platform headquartered in Cambodia, to explore an international payments alliance between various countries including but not limited to Cambodia, Singapore, Indonesia, Thailand and Malaysia.
Pi Pay is Cambodia’s leading mobile payment solution platform. It is also backed by a prominent Cambodian business conglomerate with extensive holdings in property, infrastructure, hospitality, power, and trading. It stands out among Cambodian payment solution platforms due to its strategic partnerships with both traditional financial institutions and internet financiers.
Alipay, WeChat Pay, and Korea’s KB Kookmin Bank are among its key partners.
The collaboration with Pi Pay is coherent with the Group’s strategic goal of expanding its presence in the APAC region. This also provides OxPay with a remarkable opportunity to tap into Pi Pay’s merchant network and expand its customer base. Moreover, the technological advancement between the two payment platforms could lead to greater brand loyalty.
Henry Tan, Managing Director of OxPay, said, “We are thrilled to partner with Pi Pay to explore an international payments alliance. Through our collaboration, we hope to increase connectivity for both the payment and remittance services.”
Tan went on to add, “The partnership also sets the groundwork for even more innovative and complex services beyond the payment solutions.”
OxPay is principally engaged in the provision of merchant payment services and digital commerce enabling services, offering online-to-offline (O2O) solutions through a fully integrated platform with a focus on servicing merchants in the retail, transportation and food and beverage industries. Its end-to-end payment platform offers comprehensive solutions for merchants, ranging from hardware and software to data analytics and other technology-driven value-added services tailored to specific industries.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
