Tower Capital Asia to acquire a 77.8% stake in AXS from DBS Bank.

Tower Capital Asia, an Investment company, agreed to acquire a 77.8% stake in AXS, a payments firm, from DBS Bank, a banking and financial services corporation. Financial terms were not disclosed. “The recent explosion in digital payments globally is providing a formidable tailwind for AXS, an established player, to seek growth via new business segments and markets,” Danny Koh, Tower Capital Asia Founder and CEO.