It’s a long time coming for our team to unveil what we’ve been working over the past months. Introducing Xfers Direct — a new straightforward payment method for our partnering merchants to enable quick bank transfers via the FAST network for their customers.
A month ago, amidst the global #Covid19 phenomenon, our CEO, Tianwei Liu shared a timely reminder:
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” — Darwin
Over the course of 2019, one of the top feedback that we received from our merchants and users was how it is sometimes a hassle for users to top-up their personal Xfers wallet before making a transfer to our merchants.
Days were spent on figuring out how to streamline the user-experience of topping up an Xfers wallet. However, the “ah-ha!” moment arrived when we realised that the biggest impact would be for us to offer an alternative payment method entirely different from the existing Xfers Wallet.
While there were hesitations to make such a change, the answer was as clear as day when we thought of the convenience it’ll bring to both businesses and their users. Once this was established, the team wasted no time and hunkered down to develop the new non-wallet Xfers payments product.
Deposits and withdrawals are now simplified with Xfers Direct!
*Xfers Direct is built on the FAST network and is subjected to the uptime of this network.
No matter which bank you choose to bank with, we care about you. With over 19 banks accepted for bank transfers, we have significantly lowered the barrier for our merchants and end-customers.
Upon implementation of Xfers Direct by merchants, users will have the flexibility of sending funds via two payment methods:
Wait no more as Xfers Direct is now live with the following merchants:
Updated as of 9 July 2020
P.S. shoutout to fellow Xfers comrades for making this happen at record time! Let’s put some faces to the team, shall we?
That’s all, folks :)
Sharon Lourdes Paul
Head of Payments, Xfers