AXS Revolutionizes Bill Payments with Mastercard’s Recurring Feature!

In an exciting development for consumers, AXS has unveiled a game-changing feature that allows customers to set up recurring bill payments using Mastercard credit and debit cards. This innovative option mirrors the traditional GIRO billing arrangement but offers the convenience and flexibility of credit card payment, ensuring you never miss a due date again.

One of the most attractive benefits of this new service is the potential to optimize your cash flow. By utilizing your credit card’s interest-free period—up to an astonishing 55 days—you can manage your finances more effectively and delay immediate expenses.

Unlike the cumbersome and often slow process of paper-based GIRO arrangements, AXS’s new system enables instant setup of recurring payments. With traditional GIRO, customers often face lengthy wait times, sometimes up to a month, to get their billing arrangements approved. However, with AXS and Mastercard, your payments can commence immediately, granting users unprecedented control and efficiency.

What Payment Categories Are Available?

AXS enables users to set up recurring payments for various categories, including:

- Utilities

- Loans (note: some exclusions apply)

- Insurance Payments (some providers not included)

- Storage Memberships

- Home Services

- Student Services

To initiate a recurring payment, simply pay your bill using a Mastercard credit or debit card via the AXS platform. Following this, you will be prompted to set up a recurring billing feature, which will automatically charge your selected Mastercard for future payments.

Special Promotion!

As a limited-time offer, customers who complete the recurring payment setup with their Mastercard will be eligible to receive a S$2 AXS e-Voucher. This promotional deal is valid until March 31, 2025, or until the first 10,000 vouchers are claimed—whichever comes first!

Enhanced Control for Users

AXS users are equipped with a stronger hand when managing their payments. The AXS m-Station app allows for seamless tracking and modification of recurring billing arrangements. Users receive notifications three days before any deduction occurs, and they can pause payments up to 3 PM the day before the scheduled date, enabling added flexibility.

Optimize Your Cash Flow

While it is important to note that paying bills through AXS may not earn rewards on your Mastercard, the ability to leverage your credit card's interest-free period presents a strategic opportunity to enhance your cash flow. By timing your bill payments at the start of your credit card statement period, you can enjoy extended periods before funds are deducted from your bank account.

An Unprecedented Advantage

This new feature by AXS not only streamlines bill payment processes but also provides a vital lifeline for those looking to manage their budgets effectively in today’s dynamic financial landscape. With plans to gradually introduce more payment options, AXS is clearly committed to enhancing the customer experience.

In summary, AXS and Mastercard are setting a new standard for bill payments. With instant setup, greater control, and the ability to properly manage cash flow, this development is sure to benefit customers across the board. Don’t miss out on this revolutionary new way to handle your recurring payments!