Xfers (YC S15) simplifies C2C payments in Singapore
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Xfers (YC S15) simplifies C2C payments in Singapore
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Re: Xfers (YC S15) simplifies C2C payments in Singapore
#2Hi everyone, I'm the co-founder of Xfers. Would love to get everyone's feedback on payments in Southeast Asia.
As online merchants ourselves, we built Xfers as a side project initially to bypass the exorbitant fee imposed by PayPal. Over time, this turned into something substantial, and we have decided to go full force into building a payment solution that will be free anyone to use for C2C E-Commerce :)
Re: Xfers (YC S15) simplifies C2C payments in Singapore
#3Hi everyone, I'm the co-founder of Xfers. Would love to get everyone's feedback on payments in Southeast Asia. As online merchants ourselves, we built Xfers as a side project initially to bypass the exorbitant fee imposed by PayPal. Over time, this turned into something substantial, and we have decided to go full force into building a payment solution that will be free anyone to use for C2C E-Commerce :)
From the perspective of someone who's only done C2C payments outside the U.S. with PayPal on forums years ago...
Did you build this because Venmo / Google Wallet / Square Cash, etc. aren't available in Southeast Asia yet (ever?), or is Xfers different?
Re: Xfers (YC S15) simplifies C2C payments in Singapore
#4Hi everyone, I'm the co-founder of Xfers. Would love to get everyone's feedback on payments in Southeast Asia. As online merchants ourselves, we built Xfers as a side project initially to bypass the exorbitant fee imposed by PayPal. Over time, this turned into something substantial, and we have decided to go full force into building a payment solution that will be free anyone to use for C2C E-Commerce :)
From the perspective of someone who's only done C2C payments outside the U.S. with PayPal on forums years ago... Did you build this because Venmo / Google Wallet / Square Cash, etc. aren't available in Southeast Asia yet (ever?), or is Xfers different?
Yeap! I was inspired by how easy it was to make payments in the U.S.
Apps like Venmo and Square exist due to existing infrastructures that allows innovation to happen, e.g.: There's ACH APIs in the USA, and SEPA APIs in the case of Europe.
For Southeast Asia, there's no APIs like that. We have to build those APIs ourselves from scratch. And the goal is to provide the region with a common way to collect and make payments easily.
Hope I've managed to answer your question :)