HONG KONG, Sep 19, 2024 – (ACN Newswire) – – DBS Financial institution (Hong Kong) Restricted (“DBS Hong Kong”) and Fee Card Group Restricted (“Yedpay”) right now introduced the launch of “DBS MAX Service provider Options” “It’s a one-stop answer for managing gross sales operations, with a set of instruments that simplify fee assortment and enhance operational effectivity for Hong Kong retailers. Fee settlement may be carried out 1 day after the transaction[2].
DBS Hong Kong’s latest analysis[1] It was highlighted that almost 70% of service provider respondents are at present utilizing digital fee strategies, with 86% planning to undertake new digital fee strategies of their operations inside the subsequent 12 months. Nevertheless, inaccurate monetary data as a consequence of reconciliation challenges (35%) and inefficient settlement instances at fee acquirers (31%) are key challenges confronted by companies.
The brand new “DBS MAX Service provider Options” solves these ache factors by offering quick onboarding providers. A enterprise account may be opened as rapidly as 1 working day, and fee settlement may be processed as rapidly as 1 day after the transaction. The answer is appropriate with a variety of 21 fee choices and affords versatile integration with varied gross sales channels. By integrating gross sales operations information and checking account data right into a single platform, “DBS MAX Service provider Resolution” helps retailers enhance effectivity, acquire data-driven insights and drive digital transformation, whereas offering bank-grade safety.
Boris Chan, Managing Director and International Head of Transaction Providers at DBS Financial institution Hong Kong, mentioned: “We’re delighted to associate with Yedpay to make enterprise operations simpler for retailers. The answer addresses two key ache factors for retailers – reconciliation challenges and settlement instances. By combining the strengths of DBS Financial institution and Yedpay, the ‘DBS MAX Service provider Resolution’ allows them to seamlessly handle fee collections whereas increasing the vary of digital fee choices and offering complete help to retailers.
Beatrice Tai, Chief Working Officer of Yedpay, mentioned: “Over the previous few years, Yedpay has developed from a fee service supplier to an acquirer. We have now a complete understanding of the challenges, complexities, time constraints and prices confronted by retailers within the fee course of. Perceive. Scale back friction and prices for retailers.
As companies proceed to navigate the altering digital funds panorama, DBS Hong Kong stays dedicated to offering tailored options to enhance operational effectivity and help sustainable development.
[1] DBS Financial institution Hong Kong just lately performed a survey titled “Service provider Assortment Options and Challenges for Native Enterprises” in August, interviewing 200 Hong Kong representatives to check the funds panorama, ache factors, buyer expectations and perceptions of present collections. Resolution satisfaction.
[2] It is just relevant to offline transactions accomplished by means of Yedpay moveable POS machines, and is topic to the precise scenario of particular person retailers. “Financial institution”) is the supplier of fee assortment by means of the Sooner Fee System (“FPS”). Different fee strategies underneath DBS MAX Service provider Resolution are offered by Fee Card Group Company Restricted (“Yedpay”). ” )provide. The Financial institution doesn’t assume any duty for the providers/merchandise offered by third-party service suppliers. For full disclaimer relating to the Providers, please go to: go.dbs.com/3RZKTaC
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About DBS Financial institution
DBS Financial institution is Asia’s main monetary providers group with operations in 19 markets. Headquartered and listed in Singapore, DBS Financial institution is positioned in Asia’s three development axes: Higher China, Southeast Asia and South Asia. The financial institution’s “AA-” and “Aa1” credit score rankings are among the many highest on the planet.
DBS has been acknowledged for its world management, being named the World’s Finest Financial institution by International Finance, the World’s Finest Financial institution by Euromoney and the Financial institution of the 12 months by The Banker. International Financial institution”. The financial institution is on the forefront of utilizing digital know-how to form the way forward for banking and has been named the “Finest Digital Financial institution within the World” by Euromoney and the “Most Revolutionary Digital Financial institution” on the planet by The Banker. As well as, DBS Financial institution has gained the “Asia’s Most secure Financial institution” award from International Finance for 15 consecutive years from 2009 to 2023.
DBS Financial institution supplies a full vary of providers to shoppers, SMEs and company banking. As a financial institution born and raised in Asia, DBS understands the complexities of doing enterprise within the area’s most dynamic markets. DBS is dedicated to constructing lasting relationships with its prospects as a result of it does enterprise the Asian banking manner. By means of the DBS Basis, the financial institution creates affect past the banking trade by supporting social enterprises (companies with a twin backside line of revenue and social and/or environmental affect). DBS Basis additionally offers again to society in varied methods, together with offering communities with future-proof abilities and constructing meals resilience.
DBS Financial institution has an in depth enterprise community throughout Asia and a deal with worker engagement and empowerment, providing thrilling profession alternatives. For extra data, please go to www.dbs.com.
About Yedpay
Yedpay, a model of Fee Card Group (PCG), has firmly established itself as Hong Kong’s main fee acceptance enterprise. The top-to-end fee infrastructure complies with ISO 27001, PCI DSS and PCI CPoC requirements in a cloud atmosphere. Moreover, the fee app has obtained EMV Degree 2 and Degree 3 certifications.
Yedpay’s mission is to attach the disconnected. By leveraging PCG’s proprietary acquirer processor answer to streamline the end-to-end fee course of, Yedpay is dedicated to unlocking the potential of fee information throughout the fee acceptance trade whereas sustaining the best safety requirements. For extra data, please go to Yedpay web site: https://www.yedpay.com/zh/
For extra data please contact:
DBS Hong Kong
Vancilia
Senior Vice President
media relations
Group strategic advertising and communications
Electronic mail: celiawan@dbs.com
Tel: (852) 3668 6116
Gigi Lai
supervisor
media relations
Group strategic advertising and communications
Electronic mail: gigilai@dbs.com
Tel: (852) 6840 2142
For inquiries about Yedpay, please contact
AJA (IR and Communications)
Yu Awei
Electronic mail:avy.yu@ajacapital.com.hk
Cellphone: (852) 9500 4443
Judith Rowe
Electronic mail: eudice.regulation@ajacapital.com.hk
Tel: (852) 9326 1113
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