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XFers provides online payments and internet banking solutions. The payment solution Paylink provides an unique link which can be used by individual sellers and merchants to accept payments. It allows users to upload the product along with the details and creates a link for the same. Merchants can then send this link to others to facilitate purchase.
The products offering include- Xfers Checkout: It helps business users to Integrate online payment solution into their website. It allows them to save the transacation rates by providing the payment option such as paying with bank transfer and credit/debit card. Xfers Plus:- Xfers Plus is an e-wallet which stores redit or debit card information. They allows them to make transactions on any site using e-wallet.
The Company generates revenue on Transaction - 1-Bank Transfer - 1% of the transaction amount or SGD5 2-Local Credit Card / Debit Card (Visa/Mastercard) - From 3.4% + SGD0.50 per transaction
Victor Liew Jia Hao
Tiang Lim Foo
Zack Yap(product Manager)
The company will use the funds to develop the core technology platform and expand into Southeast Asia, and Indonesia. (Jan. 2016)
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