NEWSROOM
NEWSROOM
TRAXX Donation Hub Approved by IRAS to Support Submission of Tax-Deductible Donation Records via API
Oct 18, 2024
The TRAXX Donation Hub is now recognized by the Inland Revenue Authority of Singapore (IRAS) as a Donation Management System (DMS) that supports the submission of tax-deductible donation records via API. This feature will enable easy submission of tax deductible donor records from our donation portal, and reinforces TRAXX’s intention to helping non-profits with solutions that complement our payment processing capabilities.
Learn more about IRAS-approved Donation Management Systems from the IRAS website here
TRAXX Expands Merchant Acquisition Capabilities through Strategic Partnership with FRAC
Aug 19, 2024
TRAXX has announced a strategic partnership with Frac, a pioneer in asset tokenization technology.
This collaboration integrates TRAXX’s payment systems with Frac’s cutting-edge platforms, enabling seamless fiat-to-digital and digital-to-fiat transactions for enterprise merchants. The partnership enhances TRAXX’s capabilities under its MAS Merchant Acquisition License, offering merchants and consumers secure access to blockchain-based real-world asset tokenization.
As part of the initiative, TRAXX and Frac has successfully completed a Proof-of-Concept (POC) to demonstrate the use of fiat currency for purchasing blockchain-based tokens. This milestone underscores TRAXX’s commitment to empowering businesses with innovative financial solutions and bridging traditional and digital economies
TRAXX Payments Pte Ltd Donated 5,000 Masks
Apr 12, 2020
A Bukit Timah resident and Managing Director of TRAXX Payments Pte Ltd, Mr Han, donated 5,000 masks to eight voluntary welfare organisations and child care centres in Bukit Timah. Although masks were in short supply at the time, he was able to secure a limited supply to support the needs of front-line community organisations.