Xfas Reveals Social Commerce Solution at Immigrant, Plaza Indonesia

Singapore and Indonesia, 26 April 2017 – Faspay, a payment solution provider in Indonesia, recently joined hands with Xfers, bank transfer payments startup in Singapore, to beta launch Xfas on February. Xfas is a social commerce-selling tool for the growing community of social commerce or “Kaskus” sellers in Indonesia.

Eddy Tju, VP of Business Development of Faspay, says, “Xfas is a social e-commerce solution which provides social payments solution for online businesses and social media sellers, especially for those operating as a small and medium business.”

In a joint effort, Xfers and Faspay invited social commerce sellers, 30+ media outlets and local Indonesian journalists to Immigrant, Plaza Indonesia on 26 April 2017 to share their inputs and feedback. The event started with a speech by Ibu Fukien Hoe, Director of Faspay, a product introduction by Eddy Tju and a product demo by Tianwei Liu, CEO of Xfers. Social commerce sellers, whom were using Xfas to collect payments on their Instagram were invited to share their experiences.

Hear what the press is saying about Xfas:

It is expected that more and more sellers and buyers who use the solution from Xfas will contribute to the realization of cashless society and the development of e-commerce business in Indonesia.
– Iwan Inkiriwang, Jakarta Avenue

Source: Jakarta Avenue

Social commerce solution, Xfas, is planning to target online shop businesses that is currently managed by millennial generation without them having the need to create an online store application.
- Industri

Source: Industri

Watch and read our press features of Xfas Grand Launch at Immigrant, Plaza Indonesia:

About Faspay

Being one of the top players of Payment Service Providers, Faspay has served more than 2 million people in Indonesia and has completed over than 1 million transactions within the country (worth IDR 900 billion) in a year. Faspay has established close relationships with the top banks in the country. Supported by PCI-DSS and a fraud prevention system, the Faspay system is standardized but globally secure.

About XFERS

Xfers is a Singaporean-based payment processing gateway offering credit card processing and Internet banking transfers. As a graduate of Y Combinator’s Summer 2015 Class, Xfers aims to unify banking networks across Southeast Asia. Featured on Techcrunch and coined as the Paypal of Southeast Asia by Channel News Asia, we simplify and redefine the process of collecting and receiving payments in Southeast Asia. In 2016, Xfers announced its first round of seed funding. Its investor portfolio includes venture capital firms such as Quest Ventures, 500 Startups, Golden Gate Ventures and angel investors such as Eduardo Saverin.