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February 28, 2019

Singtel, Axiata join forces on cross-border payments

Singtel has teamed up with Axiata Digital to drive cross-border payments.

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Under the partnership, Axiata Digital’s mobile wallet, Boost Malaysia will become part of Singtel’s cross-border mobile payment alliance VIA.

Singtel launched VIA last year. It partnered with regional associate AIS and Thai lender Kasikornbank.

The telco aims to expand VIA’s reach to India, Philippines, and Indonesia eventually.

Axiata Digital CEO Mohd Khairil Abdullah said: “Mobile wallet interoperability has been high on our priority list. We’re excited to kick off this partnership with one of the region’s biggest technology companies.

“Boost’s merchant base is growing at a strong pace and we’re looking forward to serving Singtel’s e-wallet users when they visit Malaysia.”

Boost Malaysia will increase VIA’s merchant points by over 66,000.

Customers of Boost Malaysia can utilise their mobile wallet at over 1.6 million merchant partners of VIA. The service spans across Singapore as well as Thailand.

Singtel International Group CEO Arthur Lang said: “We are delighted to welcome Boost Malaysia on board the VIA alliance, which gives us presence in an important new market.

“This shows the tremendous potential for us to grow cross-border mobile payments even beyond the countries where Singtel’s regional associates operate.

“VIA’s continued expansion will provide consumers with the ease and convenience of using one mobile wallet to pay across multiple regional markets as they travel.”

At the same time, Singtel and Axiata Digital will consider tie-up for rewards and loyalty programmes.

Moreover, Singtel’s Open Platform payment gateway will work with Axiata Digital’s API Apigate.

The collaboration will support the cross-sharing of product portfolios.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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