- OxPay has set up contactless digital ordering and payment solutions for Eatbox, a 9,500 sq ft creative food hall in Tekka Place that opened earlier this month
- Infrastructure includes cloud operating system created by OxPay, which allows diners to place and pay for orders using QR codes and receive alerts when their meals are ready
SINGAPORE, September 9, 2021 – OxPay Financial Limited (SGX: TVV) (“OxPay” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce that it has rolled out a wide variety of contactless digital ordering and payment solutions for Eatbox, Artbox Singapore’s first 9,500 sq ft creative food hall located in Tekka Place, which opened earlier this month.
The food hall, hosted by creative space and content activation company INVADE, is located next to Rochor MRT station. Giving the traditional food court concept a unique and modern twist, Eatbox features 20 booths and four kiosks with a range of international cuisines and fusion fare. Apart from gastronomic delights, this permanent location for Eatbox will also offer diners an experience playground and basement content space.
Using a cloud operating system created by OxPay, diners at Eatbox can place and pay for orders at their tables using QR codes and receive alerts when their meals are ready. This not only offers Eatbox’s customers convenience, but also provides vendors a more efficient ordering system.
Mr Henry Tan, Managing Director of OxPay, said: “We are very pleased to provide a wide range of contactless digital ordering and payment solutions for Eatbox’s customers and vendors. With the trend of digital transactions and payments accelerated by theCOVID-19 pandemic, this partnership presents another growing market opportunity for OxPay.”
Mr Kent Teo, Founder and CEO of INVADE, said: “It gives us great pleasure to be able to work with OxPay, with its fully integrated, an online-to-offline suite of payment solutions and digital commerce enabling services. This allows us to offer our customers at Eatbox creative, differentiated, as well as more convenient dining experiences.”
OxPay is focused on servicing merchants in the retail, transportation, and food and beverage industries. Its wholly-owned subsidiary, MC Pay Pte. Ltd., which was established in 2005, holds a major payment institution licence in Singapore, and is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. OxPay’s Merchant Payment Services (MPS) segment provides payment processing services through its unified platform and smart software, which can be installed onto or integrated with any smart devices (including mobile phones, tablets, and smart point-of-sale (POS) terminals) for merchants with physical stores or integrated into online merchants’ websites and applications. OxPay’s second business segment, Digital Commerce Enabling Solutions (DCES), provides ancillary services, such as the sale and lease of smart POS terminals, as well as both proprietary and licensed software-as-a-service which can be white-labelled. This segment also develops bespoke software solutions for its merchants. Currently, OxPay has a presence in four countries – Singapore, Malaysia, Indonesia, and Thailand – with ambitions to become a regional player.
Investor Relations and Media Contact:
Ms Loke Chunying
Mobile +65 9222 7687
Email cy@gem-comm.com
This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (“SGXST”) Listing Manual Section B: Rules of Catalist.
This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Ms. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.
