Archive for May, 2024

AXS Earmarks Millions in Partnership with HL Assurance to Enhance Cyber Fraud Protection for Users

Thursday, May 30th, 2024

AXS users can now gain access to greater protection with HL Assurance. * This is a sponsored post.

For more information, please visit AXS website here.

For more information, please visit AXS website here.

AXS, a leading provider of secure and convenient payment solutions with over 23 years of industry experience, is investing S$3.5 million to launch a Cyber Fraud Protection insurance feature in collaboration with HL Assurance.

“We are thrilled to partner with HL Assurance to offer a first-of-its-kind fraud insurance and a $5 AXS bill payment voucher to all AXS mobile app users. This initiative not only aims to provide our customers with peace of mind in their everyday lives but also seeks to help alleviate financial burden. Together, we are committed to delivering innovative solutions that offer comprehensive protection and tangible relief to our users,” commented Chin Mun Chung, CEO of AXS Services.

The new initiative, available to AXS users until 31 May 2025, offers them enhanced protection against fraudulent activities and includes a complimentary S$5 AXS bill payment e-voucher upon sign-up.

AXS is licensed by the Monetary Authority of Singapore as a Major Payment Institution and certified with Data Protection Trustmark.

Its secured and trusted platform garnered over one million consumers every month, with access to AXS’s extensive range of over 800 bill payment services through a network of kiosks, mobile app and Internet portal.

The Fraud Protect360 insurance covers AXS users for up to S$1,000 against cyber incidents such as unauthorised electronic fund transfer from their personal bank accounts and online retail fraud where payment was sent but goods were not received.

Introduced in partnership with HL Assurance, this insurance plan aims to offer an extra layer of protection, ensuring peace of mind for users as they conduct their transactions on the AXS platform and engage in other online activities.