VCHEQ bid to close e-commerce loop

VCHEQ, a Singaporean based e-business payment company, has launched an online payment service which connects banks and B2B merchants - but will the banks come out to play?

Companies grow up quickly in the dotcom age. Few more so than VCHEQ.COM, a 3 month old Singaporean based e-business. In early April VCHEQ.com launched a global payment service, which will enable banks to link to businesses and business-to-business portals for e-payment. In its third month VCHEQ.COM has secured the support of three international investors, J.P. Morgan Co. of the U.S., Allianze AG of Germany, and the Government of Singapore Investment Corp.

ôWe are doing what FedEx did for postal delivery, claims Ben Lim, VCHEQ.COMÆs CEO. ôWe have developed the necessary infrastructure for businesses to transfer and track funds, and for banks to respond to the...

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