, Singapore

Uqpay Technology (SG) Pte. Ltd. wins Fintech - Payment Invoicing Award at SBR TEA

Its e-Invoicing Solution allows merchants to send payment transaction details with secure payment links to their clients via email.

Recognising the contribution of a company’s innovative systems in the field of mobile telecommunications, Singapore Business Review’s judges have awarded the Fintech Award for Payment Invoicing to UQPay technology. This was for their e-invoicing payment platform that replaces traditional paper invoicing with payment links sent as an e-invoice.

UQPay is an international payment technology enterprise that focuses on technological innovation as its core driver. With their global headquarters in Singapore and technology R&D centre in Hangzhou, their goal is to provide merchants with one-stop global payment solutions based on full-scene applications, multi-channel acceptance, and end-to-end connectivity.

Traditional paper invoicing can be a cumbersome process. It is also prone to manual data entry errors, lengthy procedures, and disorganised validation that can lead to missed payment deadlines. Aside from paying penalty fees, invoice errors such as inaccuracy, overpayment, or duplicated payment can all lead to huge financial losses for a company.

UQPay’s e-invoicing solution provides a platform that allows merchants to send payment transaction details with secure payment links to their clients via email. Solving the connection problem between multiple merchant scenarios and payment channels, their customers can make online payments anytime and at any location.

With a free platform that allows businesses to readily set up invoices and payee information or payment requests without integrating a payment gateway, website, or app, the e-invoicing platform provides options to define the invoice content and structure payment details according to the agreement. Moreover, it gives options to set the validity of the payment link and includes other relevant expenses within the e-invoice.

UQPAY Merchant Platform gives businesses a choice of multiple payment products in one integrated solution. It operates the entire invoicing cycle, from setup to settlement. It exists conveniently within the merchant system, which allows enterprises to email invoices and tracks the status of the transaction and settlement right at the same platform.

It also speeds up the entire process and gives employees more time to focus on other important things that need their attention.

Its extensive network coverage allows a single product integration to multiple local and cross-border payment methods. This connects a broader network of buyers through the acceptance of their preferred payment methods.

Moreover, this platform makes choosing multiple payment products more convenient for businesses. Depending on company and their customers’ preferences, these payment products can also include specialised invoices for a gateway, online QR, express checkout, and digital payment tokens that are ready to be used once installed.

With more than 500 transactions recorded to date, UQPay’s e-invoicing technology makes payment collection easier, faster and more secure. It's suitable for both B2C and B2B merchants, from traditional suppliers, exporters and manufacturers to education and medical centres, that wish to collect online payments, making it a highly versatile platform that can be used across different trades and industries.

The Technology Excellence Awards, presented by Singapore Business Review, was held via studio award presentations and video conferencing sessions throughout the second and third week of April.

This year’s nominations were judged by a panel consisting of Daryl Pereira, Head of Cyber at KPMG; Cheang Wai Keat, Partner, Consulting at Ernst & Young Advisory Pte. Ltd.; Henry Tan, Group Chief Executive Officer and Chief Innovation Officer at Nexia TS; Sivakumar Saravan, Senior Partner at Crowe Singapore; Cecil Su, Director, Head of Cybersecurity of BDO Singapore.

If you would like to join the 2022 awards and be acclaimed for your company’s exceptional technological innovations, please email Jane Patiag at jane@charltonmediamail.com.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Singapore Business Review in your inbox
Approximately 35% of MSEs in the F&B and retail sectors saw their earnings drop by more than half during the Phase 2 Heightened Alert period, according to a DBS survey.
Enterprise Singapore extends the programme that supports food and beverage businesses in providing food delivery services.
The Baht 40b debentures were 1.52 times oversubscribed. Thai Beverage issued Baht 40b (approximately $1.7b) debentures. In a disclosure to the Singapore Exchange, the firm announced that the issuance was 1.52 times oversubscribed. The debentures have an average annual cupon rate of 1.95%, with an average tenor of 4.10 years. Proceeds from the debentures would go to repayment of a bridging loan facility that would mature in March 2023. The debentures have been assigned an “AA (tha)” rating, which is considered investment grade by Fitch Ratings (Thailand) Limited. Bangkok Bank Public Company Limited, KASIKORNBANK Public Company Limited, Krung Thai Bank Public Company Limited, Bank of Ayudhya Public Company Limited, The Siam Commercial Bank Public Company Limited and Kiatnakin Phatra Securities Public Company Limited are the joint lead arrangers of the issuance.
The fund was announced at the inaugural CapitaLand Sustainability X Challenge.
Mapletree Logistics Trust saw the sharpest decline during Friday's trading, with a 0.99% drop.
This may be one of the last times the troubled water treatment firm could meet with securities holders before shutting down.
The company has been listed in the Catalist board of SGX since 2017.
RHB revised their forecast up from 0-3%. 
The Singapore-Hong Kong air travel bubble has been pushed back again.
Only 21% of Singaporean business leaders said that they were familiar with 5G technology, a Qualcomm study said.
The 27 listed individuals include policymakers, visionaries and entrepreneurs.
This is much higher than US$85.01m recorded in the same quarter last year.
The switch to solar is expected to result in cost-savings up to $3.1m for the project duration of 20 years.
The bank will test the feature with retail and corporate clients for 12 months.
The package aims to help previously unqualified SMEs to enter the digital market.