{"success":true,"data":{"pressRelease":{"id":"133319","rtpr_id":"nPNAk8BvJa","ticker":"V","exchange":"NYSE","all_tickers":["V"],"title":"OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector","author":"PR Newswire","published_at":"2026-09-02T02:30:00.235Z","article_body":"OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to\nstrengthen cashflow for the construction sector\nPR Newswire\n\nSINGAPORE, Sept. 2, 2026\n\nSINGAPORE, Sept. 2, 2026 /PRNewswire/ -- OCBC, Visa and Doxa have deployed\nSingapore's first deep-tier financing solution through the Doxa Connex\nplatform, expanding access to working capital for subcontractors and suppliers\noperating deeper within the construction supply chain.\n\nDesigned to address a long-standing challenge in the built environment sector,\nwhere multiple layers of subcontractors and suppliers often face cash flow\npressures while waiting for payment to flow through the supply chain,\nsometimes up to 100 days, the solution enables faster access to working\ncapital and reduces delays arising from processing cycles and administrative\ninefficiencies.\n\nThrough Doxa Connex, eligible subcontractors can access digital financing\nworkflows linked to approved project transactions. Once a main contractor or\ndeveloper digitally approves a work claim, subcontractors can receive payment\nahead of the invoice due date. Funds are disbursed via OCBC virtual purchasing\ncards, allowing subcontractors to transfer proceeds to their bank accounts or\nmake payments directly to their own suppliers.\n\nThe solution went live in August, with the first subcontractor already\nbenefitting from early access to their funds. Among the early adopters is\nKimly Construction, which is deploying the solution across two existing\nprojects. Selected subcontractors are currently being onboarded, enabling\nsmaller firms to better manage cashflows while supporting smoother project\ndelivery across the supply chain.\n\nThe solution combines OCBC's financing capabilities, Visa's digital payments\nand ecosystem expertise, and Doxa's procurement and payments infrastructure.\nBy embedding financing into existing digital project workflows, the partners\naim to make working capital access more seamless, transparent and practical\nfor businesses deeper within the construction value chain.\n\nThis initial rollout will serve as a foundation for scaling deep-tier\nfinancing across Singapore's built environment sector. Feedback from\nparticipating subcontractors will help refine the financing workflow and\nsupport wider adoption across the construction ecosystem.\n\n\"Businesses further down the supply chain play a critical role in delivering\nconstruction projects, yet they are often the most affected by payment delays\nand cash flow constraints. Through this collaboration with Visa and Doxa, we\nhave deployed Singapore's first deep-tier financing solution for the\nconstruction sector enabled by virtual purchasing cards. The innovative\nsolution enables subcontractors and suppliers to access funds earlier, improve\ncash flow certainty and reduce administrative friction. Together, we are\nhelping to build a more connected, resilient and efficient construction\necosystem,\" said Carmen Chan, Deputy Head of Global Transaction Banking, OCBC.\n\n\n\"Cash flow remains one of the biggest challenges facing construction\nbusinesses today, particularly for subcontractors and suppliers operating\ndeeper within the value chain. Our research shows that while nearly\nthree-quarters of construction SMBs are still in the earlier stages of\ndigitalisation, more than two-thirds of these SMBs already report positive\nimpacts from digital tools across key business functions, highlighting both\nthe momentum for digital transformation and the significant opportunity to\nmodernise business payments. Through our collaboration with OCBC and Doxa, we\nare embedding financing directly into trusted project workflows, helping\nbusinesses address working capital challenges by gaining faster and more\ntransparent access to funds. This demonstrates how digital payments can go\nbeyond facilitating transactions to unlock greater efficiency, resilience and\ngrowth across Singapore's construction ecosystem,\" said Adeline Kim, Group\nCountry Manager for Regional Southeast Asia & SVP, Global Clients, Asia\nPacific, Visa.\n\n\n\"Doxa Deep-Tier Financing was built to address one of the construction\nsector's most persistent challenges: cash flow across multiple layers of the\nsupply chain. By connecting earlier access to funds with approved project\nclaims, the initiative helps shorten payment-timing gaps while preserving\ntraceability and accountability within the construction ecosystem,\" Edmund\nNg, Founder and CEO of Doxa Holdings.\n\n\nRoy Khoo, Director at Kimly Construction, stated: \"We are proud to support the\nlive deployment of this Deep-Tier Financing platform across two of our\nprojects. We are already seeing stakeholders benefit from its core features:\nallowing subcontractors and suppliers to access funds ahead of due dates. By\nproviding the option to unlock the working capital earlier, it eases cash flow\nconstraints and improves capital efficiency for our partners, thus ensuring a\nhealthier supply chain and smoother, more efficient project delivery.\"\n\n\nAbout OCBC\n\nOCBC is the longest established Singapore bank, formed in 1932 from the merger\nof three local banks, the oldest of which was founded in 1912. It is one of\nthe world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch\nand S&P. Recognised for its financial strength and stability, OCBC is\nconsistently ranked among the World's Top 50 Safest Banks by Global Finance\nand has been named Best Managed Bank in Singapore by The Asian Banker.\n\nOCBC is the second largest financial services group in Southeast Asia by\nassets. The Group offers a broad array of commercial banking, specialist\nfinancial and wealth management services, ranging from consumer, corporate,\ninvestment, private and transaction banking to treasury, insurance, asset\nmanagement and stockbroking services.\n\nOCBC's private banking services are provided by its wholly-owned subsidiary\nBank of Singapore, which operates on a unique open-architecture product\nplatform to source for the best-in-class products to meet its clients' goals.\nIts insurance subsidiary, Great Eastern Holdings, is the oldest and most\nestablished life insurance group in Singapore and Malaysia. Its asset\nmanagement subsidiary, Lion Global Investors, is one of the leading asset\nmanagement companies in Southeast Asia. Its brokerage subsidiary, OCBC\nSecurities, is one of the leading securities firms in Singapore.\n\nThe Group's key markets are Singapore, Malaysia, Indonesia and Greater China.\nIt has close to 390 branches and representative offices in 19 countries and\nregions.\n\nFor more information, please visit www.ocbc.com.\n\nAbout Visa\n\nVisa (NYSE: V) is a world leader in digital payments, facilitating\ntransactions between consumers, sellers, financial institutions and government\nentities across more than 200 countries and territories. Our mission is to\nconnect the world through the most innovative, convenient, reliable and secure\npayments network, enabling individuals, businesses and economies to thrive. We\nbelieve that economies that include everyone everywhere, uplift everyone\neverywhere and see access as foundational to the future of money movement.\nLearn more at Visa.com.\n\nAbout Doxa Holdings\n\nDoxa is a Singapore-based fintech company that digitalises procurement,\npayment and financing workflows for the built environment sector. Through its\nDoxa Connex platform, Doxa connects developers, main contractors,\nsubcontractors, suppliers and financiers through shared, approved commercial\ndata across the construction value chain.\n\nDoxa Connex supports workflows including procurement, claims, invoice\napprovals, payments and financing. Its Deep-Tier Financing solution builds on\nthis connected data infrastructure to enable eligible subcontractors and\nsuppliers to access earlier financing options based on approved invoice and\nproject information.\n\nBy connecting commercial data with financing workflows, Doxa helps\nconstruction stakeholders improve visibility, address cashflow timing gaps,\nand act earlier on cost and delivery risks.\n\nFor more information, please visit www.doxa-holdings.com.\n\n\n\n\n\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/ocbc-visa-and-doxa-deploy-singapores-first-deep-tier-financing-solution-to-strengthen-cashflow-for-the-construction-sector-302867019.html\n\nSOURCE Visa\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1979375/20260901062130EDT_image_5.jpg?id=OA2922892\nhttps://mmx.prnewswire.com/media/MS1979377/20260901062130EDT_image_4.jpg?id=OA2922893\nhttps://mmx.prnewswire.com/media/MS1979379/20260901062130EDT_image_7.jpg?id=OA2922894\nhttps://mmx.prnewswire.com/media/MS1979381/20260901062130EDT_image_3.jpg?id=OA2922895\nhttps://mmx.prnewswire.com/media/MS1979380/20260901062130EDT_image_2.jpg?id=OA2922898\nhttps://mmx.prnewswire.com/media/MS1979378/20260901062130EDT_image_6.jpg?id=OA2922897\nhttps://mmx.prnewswire.com/media/MS1979376/20260901062130EDT_image_1.jpg?id=OA2922896\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPNAk8BvJa","title":"OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to strengthen cashflow for the construction sector","author":"PR Newswire","ticker":"V","created":"2026-09-02T02:30:00.235Z","tickers":["V"],"exchange":"NYSE","article_body":"OCBC, Visa and Doxa deploy Singapore's first deep-tier financing solution to\nstrengthen cashflow for the construction sector\nPR Newswire\n\nSINGAPORE, Sept. 2, 2026\n\nSINGAPORE, Sept. 2, 2026 /PRNewswire/ -- OCBC, Visa and Doxa have deployed\nSingapore's first deep-tier financing solution through the Doxa Connex\nplatform, expanding access to working capital for subcontractors and suppliers\noperating deeper within the construction supply chain.\n\nDesigned to address a long-standing challenge in the built environment sector,\nwhere multiple layers of subcontractors and suppliers often face cash flow\npressures while waiting for payment to flow through the supply chain,\nsometimes up to 100 days, the solution enables faster access to working\ncapital and reduces delays arising from processing cycles and administrative\ninefficiencies.\n\nThrough Doxa Connex, eligible subcontractors can access digital financing\nworkflows linked to approved project transactions. Once a main contractor or\ndeveloper digitally approves a work claim, subcontractors can receive payment\nahead of the invoice due date. Funds are disbursed via OCBC virtual purchasing\ncards, allowing subcontractors to transfer proceeds to their bank accounts or\nmake payments directly to their own suppliers.\n\nThe solution went live in August, with the first subcontractor already\nbenefitting from early access to their funds. Among the early adopters is\nKimly Construction, which is deploying the solution across two existing\nprojects. Selected subcontractors are currently being onboarded, enabling\nsmaller firms to better manage cashflows while supporting smoother project\ndelivery across the supply chain.\n\nThe solution combines OCBC's financing capabilities, Visa's digital payments\nand ecosystem expertise, and Doxa's procurement and payments infrastructure.\nBy embedding financing into existing digital project workflows, the partners\naim to make working capital access more seamless, transparent and practical\nfor businesses deeper within the construction value chain.\n\nThis initial rollout will serve as a foundation for scaling deep-tier\nfinancing across Singapore's built environment sector. Feedback from\nparticipating subcontractors will help refine the financing workflow and\nsupport wider adoption across the construction ecosystem.\n\n\"Businesses further down the supply chain play a critical role in delivering\nconstruction projects, yet they are often the most affected by payment delays\nand cash flow constraints. Through this collaboration with Visa and Doxa, we\nhave deployed Singapore's first deep-tier financing solution for the\nconstruction sector enabled by virtual purchasing cards. The innovative\nsolution enables subcontractors and suppliers to access funds earlier, improve\ncash flow certainty and reduce administrative friction. Together, we are\nhelping to build a more connected, resilient and efficient construction\necosystem,\" said Carmen Chan, Deputy Head of Global Transaction Banking, OCBC.\n\n\n\"Cash flow remains one of the biggest challenges facing construction\nbusinesses today, particularly for subcontractors and suppliers operating\ndeeper within the value chain. Our research shows that while nearly\nthree-quarters of construction SMBs are still in the earlier stages of\ndigitalisation, more than two-thirds of these SMBs already report positive\nimpacts from digital tools across key business functions, highlighting both\nthe momentum for digital transformation and the significant opportunity to\nmodernise business payments. Through our collaboration with OCBC and Doxa, we\nare embedding financing directly into trusted project workflows, helping\nbusinesses address working capital challenges by gaining faster and more\ntransparent access to funds. This demonstrates how digital payments can go\nbeyond facilitating transactions to unlock greater efficiency, resilience and\ngrowth across Singapore's construction ecosystem,\" said Adeline Kim, Group\nCountry Manager for Regional Southeast Asia & SVP, Global Clients, Asia\nPacific, Visa.\n\n\n\"Doxa Deep-Tier Financing was built to address one of the construction\nsector's most persistent challenges: cash flow across multiple layers of the\nsupply chain. By connecting earlier access to funds with approved project\nclaims, the initiative helps shorten payment-timing gaps while preserving\ntraceability and accountability within the construction ecosystem,\" Edmund\nNg, Founder and CEO of Doxa Holdings.\n\n\nRoy Khoo, Director at Kimly Construction, stated: \"We are proud to support the\nlive deployment of this Deep-Tier Financing platform across two of our\nprojects. We are already seeing stakeholders benefit from its core features:\nallowing subcontractors and suppliers to access funds ahead of due dates. By\nproviding the option to unlock the working capital earlier, it eases cash flow\nconstraints and improves capital efficiency for our partners, thus ensuring a\nhealthier supply chain and smoother, more efficient project delivery.\"\n\n\nAbout OCBC\n\nOCBC is the longest established Singapore bank, formed in 1932 from the merger\nof three local banks, the oldest of which was founded in 1912. It is one of\nthe world's most highly-rated banks, with Aa1 by Moody's and AA- by both Fitch\nand S&P. Recognised for its financial strength and stability, OCBC is\nconsistently ranked among the World's Top 50 Safest Banks by Global Finance\nand has been named Best Managed Bank in Singapore by The Asian Banker.\n\nOCBC is the second largest financial services group in Southeast Asia by\nassets. The Group offers a broad array of commercial banking, specialist\nfinancial and wealth management services, ranging from consumer, corporate,\ninvestment, private and transaction banking to treasury, insurance, asset\nmanagement and stockbroking services.\n\nOCBC's private banking services are provided by its wholly-owned subsidiary\nBank of Singapore, which operates on a unique open-architecture product\nplatform to source for the best-in-class products to meet its clients' goals.\nIts insurance subsidiary, Great Eastern Holdings, is the oldest and most\nestablished life insurance group in Singapore and Malaysia. Its asset\nmanagement subsidiary, Lion Global Investors, is one of the leading asset\nmanagement companies in Southeast Asia. Its brokerage subsidiary, OCBC\nSecurities, is one of the leading securities firms in Singapore.\n\nThe Group's key markets are Singapore, Malaysia, Indonesia and Greater China.\nIt has close to 390 branches and representative offices in 19 countries and\nregions.\n\nFor more information, please visit www.ocbc.com.\n\nAbout Visa\n\nVisa (NYSE: V) is a world leader in digital payments, facilitating\ntransactions between consumers, sellers, financial institutions and government\nentities across more than 200 countries and territories. Our mission is to\nconnect the world through the most innovative, convenient, reliable and secure\npayments network, enabling individuals, businesses and economies to thrive. We\nbelieve that economies that include everyone everywhere, uplift everyone\neverywhere and see access as foundational to the future of money movement.\nLearn more at Visa.com.\n\nAbout Doxa Holdings\n\nDoxa is a Singapore-based fintech company that digitalises procurement,\npayment and financing workflows for the built environment sector. Through its\nDoxa Connex platform, Doxa connects developers, main contractors,\nsubcontractors, suppliers and financiers through shared, approved commercial\ndata across the construction value chain.\n\nDoxa Connex supports workflows including procurement, claims, invoice\napprovals, payments and financing. Its Deep-Tier Financing solution builds on\nthis connected data infrastructure to enable eligible subcontractors and\nsuppliers to access earlier financing options based on approved invoice and\nproject information.\n\nBy connecting commercial data with financing workflows, Doxa helps\nconstruction stakeholders improve visibility, address cashflow timing gaps,\nand act earlier on cost and delivery risks.\n\nFor more information, please visit www.doxa-holdings.com.\n\n\n\n\n\n\n\nView original content to download\nmultimedia:https://www.prnewswire.com/apac/news-releases/ocbc-visa-and-doxa-deploy-singapores-first-deep-tier-financing-solution-to-strengthen-cashflow-for-the-construction-sector-302867019.html\n\nSOURCE Visa\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1979375/20260901062130EDT_image_5.jpg?id=OA2922892\nhttps://mmx.prnewswire.com/media/MS1979377/20260901062130EDT_image_4.jpg?id=OA2922893\nhttps://mmx.prnewswire.com/media/MS1979379/20260901062130EDT_image_7.jpg?id=OA2922894\nhttps://mmx.prnewswire.com/media/MS1979381/20260901062130EDT_image_3.jpg?id=OA2922895\nhttps://mmx.prnewswire.com/media/MS1979380/20260901062130EDT_image_2.jpg?id=OA2922898\nhttps://mmx.prnewswire.com/media/MS1979378/20260901062130EDT_image_6.jpg?id=OA2922897\nhttps://mmx.prnewswire.com/media/MS1979376/20260901062130EDT_image_1.jpg?id=OA2922896\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-02T02:30:00.279228587Z","server_sent_at_ms":1788316200279},"received_at":"2026-09-02T02:30:00.367Z","source_url":null},"analysis":{"id":"122212","press_release_id":"133319","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":[],"eventType":"partnership","narrative":"Visa partnered with OCBC and fintech Doxa to launch Singapore's first deep-tier financing solution for the construction sector.\n\nThe solution integrates with the Doxa Connex platform to let subcontractors access working capital early via OCBC virtual purchasing cards, addressing payment delays of up to 100 days.\n\nBy embedding financing into digital project workflows, the partners aim to improve cash flow certainty and reduce administrative friction for smaller firms in the supply chain.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Visa expands B2B payment flows into Singapore construction sector via deep-tier financing partnership."},"keyFigures":null,"quotedText":"Through our collaboration with OCBC and Doxa, we are embedding financing directly into trusted project workflows, helping businesses address working capital challenges by gaining faster and more transparent access to funds.","namedEntities":{"people":[{"name":"Carmen Chan","role":"Deputy Head of Global Transaction Banking, OCBC"},{"name":"Adeline Kim","role":"Group Country Manager for Regional Southeast Asia & SVP, Global Clients, Asia Pacific, Visa"},{"name":"Edmund Ng","role":"Founder and CEO, Doxa Holdings"},{"name":"Roy Khoo","role":"Director, Kimly Construction"}],"products":["Doxa Connex","Deep-Tier Financing"],"companies":[{"name":"OCBC","relationship":"partner"},{"name":"Visa","ticker":"V","relationship":"partner"},{"name":"Doxa Holdings","relationship":"partner"},{"name":"Kimly Construction","relationship":"customer"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"Regional partnership in Singapore targeting the construction sector's supply chain. While it demonstrates Visa's B2B expansion capabilities, the financial impact on global Visa operations is negligible relative to its total volume."},"tickerRelevance":{"others":[],"primary":"V"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":["product_launch"],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"low","geographicScope":"regional"}},"event_type":"partnership","event_type_secondary":["product_launch"],"sentiment":"bullish","material_impact_score":2,"narrative":"Visa partnered with OCBC and fintech Doxa to launch Singapore's first deep-tier financing solution for the construction sector.\n\nThe solution integrates with the Doxa Connex platform to let subcontractors access working capital early via OCBC virtual purchasing cards, addressing payment delays of up to 100 days.\n\nBy embedding financing into digital project workflows, the partners aim to improve cash flow certainty and reduce administrative friction for smaller firms in the supply chain.","key_figures":null,"named_entities":{"people":[{"name":"Carmen Chan","role":"Deputy Head of Global Transaction Banking, OCBC"},{"name":"Adeline Kim","role":"Group Country Manager for Regional Southeast Asia & SVP, Global Clients, Asia Pacific, Visa"},{"name":"Edmund Ng","role":"Founder and CEO, Doxa Holdings"},{"name":"Roy Khoo","role":"Director, Kimly Construction"}],"products":["Doxa Connex","Deep-Tier Financing"],"companies":[{"name":"OCBC","relationship":"partner"},{"name":"Visa","ticker":"V","relationship":"partner"},{"name":"Doxa Holdings","relationship":"partner"},{"name":"Kimly Construction","relationship":"customer"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-02T02:31:33.867Z","global_importance":20,"audience_relevance":25,"importance_components":{"tickerTier":"mega-cap","eventGravity":"low","geographicScope":"regional"}},"durationMs":93492,"modelName":"glm-4.7"}}