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OxPay eyes new markets and merchants to grow its revenue

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Raphael Lim

Raphael Lim

Published Tue, Dec 27, 2022 · 05:50 AM
    • OxPay is also working on collaborations with Visa, Mastercard and banks, in relation to enabling BNPL and lending platforms, and expects this to be launched in Q1 2023
    • Henry Tan, managing director, OxPay Financial
    • OxPay is also working on collaborations with Visa, Mastercard and banks, in relation to enabling BNPL and lending platforms, and expects this to be launched in Q1 2023 PHOTO: PIXABAY
    • Henry Tan, managing director, OxPay Financial PHOTO: OXPAY

    MORE than a year after a high-profile boardroom tussle between its controlling shareholder and its founder, Catalist-listed OxPay Financial is looking to close the chapter and focus on growing its payment business.

    The company – formerly known as MC Payment – has ambitions to expand into other countries in the region. Group managing director Henry Tan, who took the helm in July 2021, told The Business Times that he is “very confident” that it can “easily double” its payment touch points by end-2023.

    Payment touch points – such as physical terminals at stores and e-commerce payment pages – fall under OxPay’s core merchant payment services (MPS) segment, which accounted for around two-thirds of the group’s revenue in 2021.

    Oxpay FinancialMC Payment

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