The company provides digital payment and commerce enabling services, offering online-to-offline solutions for businesses across various industries such as retail, transportation, food and beverage industries, charities, education and online malls. Its role as an enabler in the payments ecosystem gives merchants the ability to seamlessly manage payment collection, improving operation efficiency and increasing sales completion rate.
OxPay Financial’s share price has underperformed the market since 2021, sinking to a low of 4 cents before rebounding to 5.17 cents this year, which is down a modest 9.2% year-to-date. However, back in 2021, following a tussle for control of the board, OxPay stood at 33 cents.
OxPay is a payments facilitator for merchants, with payment licences in Singapore, Malaysia, Thailand and Indonesia. It was established in 2005 and known as MC Payment, but was renamed OxPay following the board tussle.
