OxPay Financial, on April 18, announced that it has been appointed as the official digital payment service provider for Q&M Dental’s clinics in Singapore.
The dental group has a total of 99 clinics in Singapore to date.
The rollout of the digital payment services programme will be done in two phases. The first phase will comprise all non-credit card payments processing, including GrabPay, PayNow, Dash, AliPay and WeChat Pay, while the second phase will consist of credit card payments processing, such as Visa, Mastercard and other cards, as well as instalment payment plans.
Q&M Dental’s 21 clinics will participate in the pilot testing before the program is progressively rolled out to all 99 clinics in Singapore by 2QFY2022.
According to OxPay, the partnership is a “sizeable opportunity” for the company as credit cards and digital wallet payment account for a large part of the total transactions in Q&M Dental’s clinics.
Henry Tan Chee Keong, managing director of OxPay, says “We are excited to partner with Q&M Dental. Through our collaboration, we hope to support Q&M Dental’s long-term business growth by driving improved operational efficiencies and greater customer satisfaction. We will continue to strengthen our digital financial services offerings to deliver state-of-the-art payment solutions for clients across different industries.”
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Shares in OxPay opened 0.4 cent higher or 2.24% up at 18.3 cents following the news, while shares in Q&M Dental remained flat at 52 cents.
