OxPay Appoints AXS Founder to Board
OxPay Financial Limited has appointed veteran fintech entrepreneur Joey Chang Wei Nang, founder and former chief executive of AXS Pte. Ltd., as a Non-Executive Independent Director, as the company sharpens its focus on expanding digital payment services across Asia.
The appointment, effective May 12, comes as OxPay advances a phased recovery plan that includes a planned consumer-facing payment platform in Singapore, cryptocurrency payment services in Bhutan, and renewed merchant acquisition efforts in Thailand.
Joey Chang Wei Nang is widely recognised for building AXS into one of Singapore’s most established payment platforms over more than two decades, it says in the statement. Under his leadership, AXS developed from a startup into a nationwide payments network used by consumers, businesses, and government agencies through self-service kiosks, online platforms, and mobile applications.
OxPay said Mr. Chang’s experience in developing trusted consumer payment systems and navigating Singapore’s regulatory landscape would strengthen the company’s board expertise as it prepares for its next growth phase.
The company’s planned B2C payment service for Singapore consumers is expected to begin pilot operations in the fourth quarter of 2026, with management viewing Mr. Chang’s background as particularly relevant to that initiative.
Strengthening the Board With Industry Expertise
«As OxPay executes its phased recovery plan, we are strengthening the Board with the industry expertise to support that execution,» said Ching Chiat Kwong, Non-Executive Non-Independent Chairman of OxPay. «Mr. Chang’s experience building a digital payment platform gives the Board a perspective we are specifically looking to add at this stage.»
OxPay Chief Executive Officer Chin Mun Chung said Mr. Chang’s appointment would provide valuable operational insights as the company develops its own consumer payments ecosystem.
«Having seen first-hand what Mr. Chang built at AXS, a payment platform trusted by millions of Singaporeans, I know the depth of experience he brings,» Mr. Chin said. «As we develop our own B2C consumer payment service, his understanding of what earns consumer trust and what keeps it will be valuable to the team.»
The appointment follows several recent developments for OxPay, including the granting of a Financial Services Licence in Bhutan on April 29, 2026, enabling the company to expand into crypto payment services in the country.
OxPay is principally engaged in merchant payment services and digital commerce enablement, providing online-to-offline payment solutions for merchants in sectors such as retail, transportation, and food and beverage.
