OxPay Financial Limited has announced the appointment of Chin Mun Chung as the Chief Operating Officer of its subsidiary, OxPay SG Pte. Ltd. Chin, who brings over 28 years of experience in Singapore’s technology and payments industry, will lead the strategic direction and operations of OxPay SG, pending approval from the Monetary Authority of Singapore.
Chin’s extensive career includes a significant tenure at AXS Pte Ltd, where he served as Chief Executive Officer and played a pivotal role in the company’s growth and adaptation to the evolving fintech landscape. His leadership is expected to enhance OxPay’s operational execution and set a path for sustainable growth. “We are pleased to welcome Chin Mun Chung onboard,” said Shawn Ching Wei Hung, Non-Executive Non-Independent Deputy Chairman of OxPay. “His expertise and leadership will support the Group’s ongoing efforts to improve operational performance and reposition OxPay for future growth.”
OxPay, which operates in Singapore, Malaysia, Indonesia, and Thailand, provides merchant payment services and digital commerce solutions. The company aims to diversify its service portfolio to meet evolving customer demands and mitigate competition with larger players. As the digital payments landscape evolves, OxPay is confident in capturing emerging market opportunities and overcoming recent business challenges.
Chin’s appointment is part of OxPay’s strategy to leverage its established payment platform, backed by a licence from the Monetary Authority of Singapore to provide five categories of payment services, to pursue financial recovery and long-term growth.
“`
