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Today, a friend of mine confirmed that these new AXS machines in fact accept ATM transactions only from the 3 banks - DBS Bank, POSB and Citibank. I was stunned!
From AXS website, it reads,
"The new payment environment is currently available over 180 AXS Stations, which ATM cardholders from DBS Bank, POSB and Citibank are able to carry out their transactions. More banks and financial institutions are expected to announce their participation by end this year. When ATM cards from other local banks are successfully accepted by the new mode, AXS will plan a progressive conversion of all the other AXS Stations to the new payment environment."
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