As part of our entrepreneur series, we speak to Anthony Koh from MC Payment – a Singapore based payment technology and merchant services company that supports the end-to-end value-chain of commerce transactions – on the challenges faced as well as inspirations behind building a major player in the payments industry:
What were you involved with before MC Payment? Did you always know that you were cut out for the world of entrepreneurship?
I was always fascinated and involved – in one way or another – in the tech start-up (dotcom) scene during the late 90s. During this period, one of my companies was acquired – after this, I decided to join my family business for a while before I started MC Payment in 2005.
I am a person who does not sit still and want to change things. I have a passion for creating things and making them happen. I suppose this is some of the traits an entrepreneur should possess.
Tell us a bit about the inspiration behind MC Payment’s conception
I have always felt that electronic payments and business on-the-go is the future. Business needs to be facilitated and transactions need to be made simple and easy and can happen anywhere and at any time, so the payments sphere should also keep in sync with rapidly developing technological advances.
How was it at the beginning? Any major roadblocks?
It is always enjoyable to start something new when one is driven by passion. There will always be roadblocks and that is part of the journey – they tend to come in many forms and at random times – usually when least expected. It’s part and parcel of the start-up sphere.
What were the high points of your journey as an entrepreneur that has made it all worth it?
I feel satisfied when I see our ideas evolve to become a reality and make an impact on people’s lives. One of the main reasons that we do what we do is to enhance business processes, and in turn making things easier for consumers.
Any advice for our budding entrepreneurs out there who would like to take the leap into the start-up world?
I am not sure whether I am in the position to provide advice as I am still learning myself. In my opinion, every entrepreneur has their own unique story that makes their journey special.
Entrepreneurship used to be the road less travelled. I suppose it is changing and many young ones are inspired by successful entrepreneurs like Mark Zuckerberg and their success stories.
To all aspiring entrepreneurs, I believe that taking calculated risks as well as accepting failures and mistakes are all part of the road to success. It is the passion, dreams and beliefs that drive us to “follow that rainbow” as mentioned by our Founding Father, Lee Kuan Yew in his inspirational speech to us, “Look at the horizon, follow that rainbow, go ride it.”
And there we have it; exciting times ahead for both the Founder and the Company that’s going from strength-to-strength in the electronic payments industry.