payment – Asia Tab

JCN Newswire

NBB and JCB Enable the Acceptance of JCB Cards Through its POS & E-Commerce Merchants in The Kingdom of Bahrain

23 1 月, 2023

MANAMA & TOKYO, Jan 23, 2023 - (JCN Newswire via SEAPRWire.com) - The National Bank of Bahrain (NBB) and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, have signed an agreement to enable JCB payment acceptance at the bank's POS and e-commerce merchants in the Kingdom of Bahrain. The signing ceremony was recently held at NBB Headquarters in the presence of NBB and JCB representatives.The partnership with JCB, will provide cardholders from mainly Asian markets with greater convenience, allowing them to enjoy the usage of their JCB Cards at all NBB merchant outlets across the Kingdom. This falls in line with NBB's promise of remaining 'Closer to You', and follows its commitment to improve accessibility and provide existing and new customers with easy access to its services.Commenting on the partnership, Hisham AlKurdi, Group Chief Executive - Corporate & Institutional Investment Banking at NBB, said: "We are pleased to partner with JCB to provide JCB's cardholders with the convenience of using their JCB Cards through NBB's banking channels. This partnership is a step forward to increase JCB Card acceptance in the Kingdom through NBB POS and Payment Gateway channels as well as strengthening cross-country relations, improving accessibility and enhancing branch capability to better reach all citizens and residents for a more enhanced service."On his end, Mr. Yoshiki Kaneko, President and COO of JCB International Co., Ltd., said: "The Kingdom of Bahrain is very important for our cardholders as a travel destination, as well as for JCB as there is a local cardmember base in the region. We are delighted that we have entered into this partnership with the National Bank of Bahrain, one of the largest banks and most prominent locally owned institutions in the region, for the acceptance of JCB Cards. This partnership will enhance our offering for convenience of cardholders in the Kingdom and cater for both the business and touristic needs of our cardholders worldwide."This partnership falls in line with NBB's commitment to simplifying the customer journey through personalisation and convenience, making clients' daily lives easier, and fortifying relations with global institutions across the world.JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan with more than 150 million cardholders. Its acceptance network includes about 41 million merchants around the world. JCB is the only international payment brand based in Japan, offering high quality payment solution and technologies that are trusted worldwide.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ JCB ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

Opn and JCB Partner to Add JCB’s Acquiring and Processing Capabilities to Opn’s Payments Offering in Thailand

22 12 月, 2022

TOKYO and BANGKOK, Dec 22, 2022 - (JCN Newswire via SEAPRWire.com) - Opn, the global one-stop payment solutions provider, and JCB International Co., Ltd., the international subsidiary of JCB Co., Ltd., Japan's only international credit card brand announced that they partnered to add JCB's acquiring and processing Capabilities to Opn's payments offering in Thailand. This collaboration enables Opn to further streamline payments for its merchants while also expanding its product offering beyond merchant services into the acquiring-as-a-service vertical.Merchants currently processing payments through Opn Payments will benefit from enhanced service stability and a more efficient and streamlined operations workflow. Opn is now able to provide acquiring and payment processing services to businesses of all sizes, including licensed financial institutions and other payment service providers (PSPs) looking to enter the Thai market.Acquiring licenses are granted by JCB to large payments companies that offer services that cover all aspects of payment acceptance processing, including but not limited to risk underwriting, credit management and payment collection. The development underscores Opn's commitment to making payments seamless and borderless for both people and businesses.The strategic partnership also aims to harness synergies between Opn and JCB and includes the establishment of card issuing solutions by utilizing competitive and advanced fintech technology.In celebration of this milestone, Opn and JCB have partnered with fashion and lifestyle brands to launch co-promotional campaigns that will run between December 2022 and February 2023.About OpnFounded in 2013, Opn specializes in one-stop online payment and digital transformation solutions used by thousands of merchants and businesses around the world, operating from Japan, Southeast Asia and the U.S. The company is a leader in payments in the Asia-Pacific region and a top 25 provider of payment processing in the U.S. Guided by a vision of enabling access to the digital economy for everyone, Opn connects people, businesses and society in innovative ways to provide open access to a growing economic ecosystem. Privately-held Opn's major shareholders include Toyota Financial Services Corporation, the financial services arm of Toyota Motor Corporation, and SCB 10X, the venture capital arm of Siam Commercial Bank. Visit our website for more information. https://www.opn.ooo/About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 41 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 150 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en ContactsOpnTakashi ToyokawaGlobal Corporate CommunicationsTel: +81 70 1253 4339Email: takashi.toyokawa@opn.oooJCBAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jp Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Digital Treasures Center Trailblazing in Physical Cryptocurrency Transactions

10 11 月, 2022

Launches first POS machine for crypto transactions in SingaporeSingapore, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - Digital Treasures Center (DTC), a web2.0 and web3.0 payment service provider, has achieved multiple firsts since obtaining the full payment licenses from the Monetary Authority of Singapore (MAS) in August 2022.The fintech is the first payment company to launch a point of sale (POS) machine in Singapore to accept cryptocurrencies.DTC's Chief Operating Officer El Lee is the first home-grown Singapore entrepreneur to receive the Top 10 Fintech Leaders award three times.DTC is the first fully licensed crypto currency payment company in Asia to be selected for Mastercard's Start Path global startup engagement program.First POS machine to accept cryptocurrencies in SingaporeDTC became the first MAS regulated major payment company to launch a point of service (POS) machine for physical cryptocurrency transactions in Singapore at the Singapore Fintech Festival.Digital Treasures Center showcasing their POS machine that accepts physical cryptocurrency transactions during Singapore Fintech Festival."The DTC team has worked hard to ensure that merchants can seamlessly accept crypto in their physical stores. Now consumers can pay via cryptocurrencies at physical store through our POS machine seamlessly," said Alice Liu, Chief Executive Officer and Co-founder of DTC.With a POS machine, DTC is empowering merchants to easily accept cryptocurrency payment and receive fiat payout in Singapore Dollar or US Dollar. This allows merchants to see almost immediate transfer with transaction fees that is much lower than typical credit cards.Retailers that are already using DTC's service to accept cryptocurrency payment include 35A Scotts, a private club house; H2 Hub, a watch retailer with multiple outlets around Singapore; and Lumin Eye Specialist, which provides holistic ophthalmology services, GL Auto and F1 Auto, which are premium car dealers in Singapore.Currently, DTC accepts Bitcoin (BTC), Ethereum (ETH), USD Tether (USDT) and USD Coin (USDC).First home-grown Singapore entrepreneur to be a 3rd time winner of the Top 10 Fintech Leaders awardSecond, El Lee, Chief Operating Officer and Co-founder of DTC became the first home-grown Singapore entrepreneur to win the coveted Top 10 Fintech Leaders award for the third time at the Singapore Fintech Festival 2022 in recognition of his leadership in driving the company in the frontier at the cryptocurrency payment space in Singapore.From left to right: Richmond Teo from Paxos presenting El Lee, Chief Operating Officer of Digital Treasures Center, the Top 10 Fintech Leaders award during Singapore Fintech Festival.Since receiving the MPI license in August, DTC has gone from strength to strength. In addition to launching the first POS machine to accept crypto transactions physically, DTC has also launched DTC Wallet on Apple Store and Google Play. The fintech is also enhancing the onboarding process to allow for online and near real-time onboarding."I am grateful for the continued recognition as one of the top 10 Fintech Leaders, having strived to improve the blockchain and financial industry." El said. "The award also belongs to our team that worked very hard. DTC is the only MAS regulated payment company that has product for both consumer and merchant, and solution for both online and in-store payment, with card, fiat and crypto payment processing capability!"First fully licensed cryptocurrency payment company in Asia to be selected for this year Mastercard Start Path programDTC is the only Asia-based company to be selected for this year Mastercard Start Path. Founded in 2014, Start Path has engaged 350 startups globally. Approximately 1,500 startups annually are evaluated for entry to the program with a 2% acceptance rate. Through the Mastercard Start Path Crypto program, high-potential Web3 startups receive the opportunity to co-create and innovate, gain customized expertise from Mastercard, and access a diverse customer base through the company's global scale."We are excited to be part of this prestigious Start Path program by Mastercard and we believe there is great synergy between DTC, Mastercard and its ecosystem. As DTC build the next generation payment solution to bring crypto, cash, card together into a single platform, card players like Mastercard are key strategic partners for us and we look forward to learning and working with the Mastercard team," said El.For more information about the Start Program this year, please refer to the Mastercard announcement: https://mstr.cd/3tdqySuAbout Digital Treasures CenterDigital Treasures Center Pte Ltd ("DTC") is an enterprise payment service provider incorporated in Singapore with PCI-DSS level 1 certification and winner of the prestigious Fintech Partner Award at Singapore Fintech Festival. Our payment solution – DTC Pay, offers clients and merchants the ability to receive and settle payment, including cryptocurrency. DTC Pay is compliant, fast, secure and cost efficient. DTC is dedicated to building the payment infrastructure that would allow merchants and consumers to interact with fiat and cryptocurrency seamlessly.Find out more at www.dtcpayment.comFor media related queries, please contact:Mr. Desmond YongEmail: desmond.yong@dtcpayment.com Mobile: +65 9794 1679 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

JCN Newswire

JCB, IDEMIA and Soft Space launch JCBDC pilot to test CBDC in-store payments

24 10 月, 2022

TOKYO & PARIS & KUALA LUMPUR, Oct 24, 2022 - (JCN Newswire via SEAPRWire.com) - Japan's only international payment brand JCB Co., Ltd. ("JCB") has launched "JCBDC" (JCB Digital Currency) pilot project with identity technologies no. 1 IDEMIA and the world's leading fintech company Soft Space Sdn. Bhd. ("Soft Space"). JCBDC pilot will develop a CBDC (Central Bank Digital Currency) payment solution and conduct a pilot test with Tokyo merchants.Over the past few years, central banks in many countries and regions have been testing CBDCs that should soon be widely accepted by consumers and merchants. However, merchants might be reluctant to accept them, and mass-market rollout may be held up by people without smartphones, like children and the elderly, who could find the user interfaces and payment systems hugely challenging.As a result, JCB will have CBDC acceptance tested using existing JCB Contactless (JCB's EMV(R) based contactless payment) merchants, POS terminals and plastic card-based user interfaces, with guidance from IDEMIA and Soft Space.JCB, IDEMIA and Soft Space will conclude payment system development by late 2022 and conduct the pilot test with Tokyo merchants until March 2023."It gives me great honour to announce our collaboration with IDEMIA and Soft Space on this project," said Koremitsu Sannomiya, Board Member, Senior Executive Officer of JCB. "This project proves that we can use existing payment acceptance hardware for new CBDC payment systems, which is a huge benefit for both consumers and merchants.""We at IDEMIA firmly believe that CBDCs are redefining the very fundamentals of the payment ecosystem. We're proud that our ability to innovate has enabled CBDC payments with existing card and POS terminal hardware. IDEMIA's, JCB's and Soft Space's joint payment system expertise will usher in worldwide CBDC growth," said Romain Zanolo, IDEMIA Managing Director APAC Financial Institutions."We're thrilled to be first in the world to trial CBDC acceptance on SoftPOS alongside our partners JCB and IDEMIA. Although CBDCs are still in their infancy, this pilot takes us forward from theory to reality, by harnessing our in-store payment experience and existing payment platform expertise," said Soft Space CEO Joel Tay.*EMV(R) is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.About JCBJCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 39 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/JCB ContactAyaka NakajimaCorporate CommunicationsTel: +81-3-5778-8353Email: jcb-pr@jcb.co.jpAbout IDEMIAAs a leader in identity technologies, IDEMIA is on a mission to unlock the world and make it safer. Backed by cutting-edge R&D, IDEMIA provides unique technologies, underpinned by long-standing expertise in biometrics, cryptography, data analytics, systems and smart devices. IDEMIA offers its public and private customers payment, connectivity, access control, travel, identity and public security solutions. Every day, around the world, IDEMIA secures billions of interactions in the physical and digital worlds. With nearly 15,000 employees, IDEMIA is trusted by over 600 governmental organizations and more than 2,300 enterprises spread over 180 countries, with an impactful, ethical and socially responsible approach. For more information, visit www.idemia.com and follow @IDEMIAGroup on Twitter.About Soft SpaceFounded in 2012, Soft Space is the world's leading SoftPOS player headquarters in Kuala Lumpur, Malaysia. Soft Space simplified the complexity of financial infrastructure and creates value-added features for businesses to expand their business growth. With over 50 financial institutions and partners across 23 global markets adopting its payment solutions, Soft Space is supported by MDEC's Global Acceleration and Innovative Network (GAIN) programme and received financial support through MIDA's Domestic Investment Strategic Fund in 2022. In 2018, Soft Space ranked 66th out of 1000 companies in Financial Times 'FT 1000: High Growth Companies in Asia Pacific' Special Report. Subsequently in 2020, Soft Space is also recognise as one of IDC's Fastest Growing Company. For more information, please visit: https://www.softspace.com.myNuraqilah IbrahimMarketing AssociateTel: +603 7494 1222Email: nur.aqilah@softspace.com.my Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

SeaPRwire

swIDch wins ‘Transaction Security Solution of the Year’ at the CyberSecurity Breakthrough Awards for the third year

13 10 月, 2022

London, UK, October 13, 2022 - (SEAPRWire) - swIDch, an innovative cyber security start-up with offices in London, Seoul & Singapore today announced it has once again been selected as a winner at the annual CyberSecurity Breakthrough Awards, taking home the win for "Transaction Security Solution of the Year". swIDch has now claimed the top prise at this prestigious annual event for three years in a row, confirming its position as a company at the forefront of pioneering cyber security technologies. The Cybersecurity Breakthrough Award is a world-class international award that selects the most innovative and leading companies, technologies, and products in cybersecurity. This year's award analysed around 4,100 nominations from all over the world, including top companies and startups in the larger information security industry, covering areas across Cloud Security, Threat Intelligence, Encryption, Identity Management and many more. swIDch has successfully established a new payment security solution directly utilising the IC chip that adopts its patented technology, One Time Authentication Code (OTAC). It's TAP-OTAC turns standard payment cards such as debit and/or credit cards into 'One-time-password' generators, producing non-duplicate and non-reusable OTPs by simply tapping the card on the user's mobile device. It means that users acquire the advantages of hardware OTP (hardware tokens) and mobile OTP (software tokens) at the same time: robust security alongside a super-convenient user experience. The technology has already been adopted by Toss Bank, a leading Korean challenger bank with over 20 million users, with multiple other prominent digital banks in talks to also adopt their technology as well. OTAC technology combines user identification and authentication steps into one single dynamic code, removing layers, reducing server loads and bringing breach risk to near zero. It can also generate both on and offline enabling uninterrupted use, plus it's tiny size (

ACN Newswire

Innovative Fintech Start-up KPay completes US$10 million financing

26 9 月, 2022

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - Fintech start-up KPay Merchant Service Limited ( KPay ) is pleased to announce that it has completed a US$10 million financing round, with the support of its founders. KPay has developed rapidly since its establishment in Hong Kong at the end of 2020. With its leading technology and comprehensive one-stop digital payment and business management solutions, KPay has effectively catered to the operational needs of micro, small and medium-sized enterprises (MSMEs) and has amassed more than 12,000 local merchants within a short period of time - achieving a lead over its peers in customer acquisition. KPay will use the funds raised to support product development and regional expansion, and is actively preparing for institutional round financing.With its leading technology and comprehensive one-stop digital payment and business management solutions, KPay has amassed over 12,000 local merchants. The Company is set to develop Singapore and Taiwan markets this year.Davis Chan, Chief Executive Officer and Co-founder of KPay, said, "KPay officially commenced operations in early 2021, adhering to the mission of empowering MSMEs to drive growth and promote digital transformation. We have established three major business engines, namely, payment with KPay, B2B ecosystem with KConnect, and MSME financing with KFund. We are encouraged by the successful completion of this US$10 million round of funding. With an experienced and professional team, the Company will continue to optimise products and services, expand market coverage, and strive to bring efficient and convenient integrated business solutions to MSMEs in various industries in Hong Kong and other Asia Pacific markets."As a financial technology company focused on developing a full range of business solutions, KPay is committed to empowering MSMEs to enhance market competitiveness with its cutting-edge technologies. Currently, KPay's customers span across a wide variety of sectors such as retail, food & beverage, beauty, healthcare, education and professional services. Last year, the Company launched its first KPay electronic payment service to provide a one-stop transaction payment solution to merchants. Its Smart POS Terminal accepts up to 14 major payment channels including Visa, Mastercard and UnionPay, effectively simplifying the cumbersome payment collection and settlement process. The Company is also planning to launch its online payment gateway in the fourth quarter this year. Pairing with the in-house developed mobile application, merchants can view consolidated data from different payment channels. This allows merchants to easily monitor their business performance and identify sales trends. Following the success of its electronic payment service, KPay launched the KConnect cloud business management tool platform and the KFund financing service product this year to further expand the scope of its services, bringing more innovative features and comprehensive support to MSMEs. KConnect has built a comprehensive B2B ecosystem with SaaS tools from multiple local service providers for merchants to choose from, covering membership management systems, retail systems, accounting and bookkeeping systems, inventory management, etc. Focusing on the daily operational needs of MSMEs, it provides a simple and convenient one-stop management system to help merchants easily address their operational pain points. The solution will provide an integrated data dashboard which allows merchants to view real-time operational data analyzed across multiple 3rd party SaaS tools. KFund, meanwhile, utilises merchants' transaction data to tailor financing solutions to meet their needs.Riding on the strong growth momentum, KPay established an office and formed a business development team in Singapore in June this year. In its first step to expand in the country, KPay has launched its payment solutions to the market. The number of customers served by the Company's business in Singapore is gradually picking up and the successful business model and growth trajectory of Hong Kong market are expected to be replicated in Singapore. Meanwhile, KPay is at the final stage of preparation for its expansion into the Taiwan market. The Company envisages launching its services in the market in the fourth quarter of this year, thus taking its presence to another market outside of Hong Kong. Looking ahead, KPay will actively explore the Asia Pacific market, further expand its user base and provide comprehensive business support to more SMEs.About KPayEstablished in July 2020 and headquartered in Hong Kong, KPay Merchant Service Limited ( KPay ) is a financial technology (fintech) company focusing on providing integrated business solutions, and offering professional and innovative products to enhance the market competitiveness of micro, small and medium enterprises (MSMEs) in the Asia Pacific region. KPay solutions were launched in early 2021, covering online and offline fintech services including electronic payment platforms and user management products. With the support of a top-notch technology development team, the Company strives to improve the functionality of various products to cater to the needs of merchants and help them maximise business performance. KPay is abreast of market trends in different regions where its highly experienced sales and after-sales teams provide merchants with a range of business logistics and support, enabling MSMEs from different sectors to better operate by enhancing their ability in digital technology application and allowing KPay to realise its vision of "building a mutually beneficial and synergistic e-finance ecosystem". Visit the company's website at https://kpay-group.com/en-sg/home.KPay Merchant Service LimitedKatie Lau +852 3706 7836 / 9804 6148 katielau@kpay-group.comStrategic Financial Relations LimitedShelly Cheng +852 2864 4857 shelly.cheng@sprg.com.hkCarol Cheung +852 2114 2200 carol.cheung@sprg.com.hkDaphne Duan +852 2864 4833 daphne.duan@sprg.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Innovative fintech company service provider KPay completes US$10 million financing

26 9 月, 2022

HONG KONG, Sep 26, 2022 - (ACN Newswire via SEAPRWire.com) - Fintech start-up KPay Merchant Service Limited ("KPay", or the "Company") is pleased to announce that it has recently completed a US$10 million financing round with the support of its founders. KPay has developed rapidly since its establishment in Hong Kong at the end of 2020. With its leading technology and comprehensive one-stop digital payment and business management solutions, KPay has effectively catered to the operational needs of micro, small and medium-sized enterprises ("MSMEs") and has amassed more than 12,000 local merchants within a short period of time - achieving a lead over its peers in customer acquisition. KPay will use the funds raised to support product development and regional expansion, and is actively preparing for institutional round financing.With its leading technology and comprehensive one-stop digital payment and business management solutions, KPay has amassed over 12,000 local merchants. The Company is set to develop Singapore and Taiwan markets this year.Davis Chan, Chief Executive Officer and Co-founder of KPay, said, "KPay officially commenced operations in early 2021, adhering to the mission of empowering MSMEs to drive growth and promote digital transformation. We have established three major business engines, namely, payment with KPay, B2B ecosystem with KConnect, and MSME financing with KFund. We are encouraged by the successful completion of this US$10 million round of funding. With an experienced and professional team, the Company will continue to optimise products and services, expand market coverage, and strive to bring efficient and convenient integrated business solutions to MSMEs in various industries in Hong Kong and other Asia Pacific markets."As a financial technology company focused on developing a full range of business solutions, KPay is committed to empowering MSMEs to enhance market competitiveness with its cutting-edge technologies. Currently, KPay's customers span across a wide variety of sectors such as retail, food & beverage, beauty, healthcare, education and professional services. Last year, the Company launched its first KPay electronic payment service to provide a one-stop transaction payment solution to merchants. Its Smart POS Terminal accepts up to 14 major payment channels including Visa, Mastercard and UnionPay, effectively simplifying the cumbersome payment collection and settlement process. The Company is also planning to launch its online payment gateway in the fourth quarter this year. Pairing with the in-house developed mobile application, merchants can view consolidated data from different payment channels. This allows merchants to easily monitor their business performance and identify sales trends. Following the success of its electronic payment service, KPay launched the KConnect cloud business management tool platform and the KFund financing service product this year to further expand the scope of its services, bringing more innovative features and comprehensive support to MSMEs. KConnect has built a comprehensive B2B ecosystem with SaaS tools from multiple local service providers for merchants to choose from, covering membership management systems, retail systems, accounting and bookkeeping systems, inventory management, etc. Focusing on the daily operational needs of MSMEs, it provides a simple and convenient one-stop management system to help merchants easily address their operational pain points. The solution will provide an integrated data dashboard which allows merchants to view real-time operational data analyzed across multiple 3rd party SaaS tools. KFund, meanwhile, utilises merchants' transaction data to tailor financing solutions to meet their needs.Riding on the strong growth momentum, KPay established an office and formed a business development team in Singapore in June this year. In its first step to expand in the country, KPay has launched its payment solutions to the market. The number of customers served by the Company's business in Singapore is gradually picking up and the successful business model and growth trajectory of Hong Kong market are expected to be replicated in Singapore. Meanwhile, KPay is at the final stage of preparation for its expansion into the Taiwan market. The Company envisages launching its services in the market in the fourth quarter of this year, thus taking its presence to another market outside of Hong Kong. Looking ahead, KPay will actively explore the Asia Pacific market, further expand its user base and provide comprehensive business support to more SMEs.About KPayEstablished in July 2020 and headquartered in Hong Kong, KPay Merchant Service Limited ("KPay") is a financial technology (fintech) company focusing on providing integrated business solutions, and offering professional and innovative products to enhance the market competitiveness of micro, small and medium enterprises (MSMEs) in the Asia Pacific region. KPay solutions were launched in early 2021, covering online and offline fintech services including electronic payment platforms and user management products. With the support of a top-notch technology development team, the Company strives to improve the functionality of various products to cater to the needs of merchants and help them maximise business performance. KPay is abreast of market trends in different regions where its highly experienced sales and after-sales teams provide merchants with a range of business logistics support timely, enabling MSMEs from different sectors to operate more smoothly and strategically by enhancing their ability in digital technology application, and for the Company to realise its vision of "building a mutually beneficial and synergistic e-finance ecosystem".For more information about KPay, please visit the Company's website: http://www.kpay-group.com.KPay Merchant Service LimitedKatie Lau +852 3706 7836 / 9804 6148 Email: katielau@kpay-group.comStrategic Financial Relations LimitedShelly Cheng +852 2864 4857 Email: shelly.cheng@sprg.com.hkCarol Cheung +852 2114 2200 Email: carol.cheung@sprg.com.hkDaphne Duan +852 2864 4833 Email: daphne.duan@sprg.com.hk Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Yeahka (09923.HK) share price rises 4.45%, Major brokers grant “Buy” rating

6 9 月, 2022

HONG KONG, Sep 6, 2022 - (ACN Newswire via SEAPRWire.com) - Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923), a leading payment-based technology platform in China, increased by 4.45% and closed at HK$17.86 per share. Its share price climbed by about 30% in the past five trading days.Yeahka recently announced its FY2022 interim results. For the six months ended 30 June 2022, the Company's revenue was RMB1,642 million, representing a year-over-year increase of 17.07%. Gross profit rose 52.05% year-over-year to RMB529 million. The company's gross payment value ("GPV") reached RMB1.06 trillion, up 7.4% year-over-year. The gross merchandise value ("GMV") of its in-store e-commerce services and the number of paying consumers was nearly RMB1.4 billion and 9.7 million, respectively, representing a year-over-year increase of 1,789.7% and 578.9%, respectively. The number of monthly active users ("MAU") exceeded 19.0 million during the reporting period.At the same time, Yeahka also disclosed the news of its share repurchase, stating that pursuant to a resolution passed by the shareholders of the Company at the annual general meeting held on June 24, 2022, the Directors were granted a general unconditional mandate to repurchase up to 45.1903 million shares. On September 5, Yeahka spent HK$4.955 million on the repurchase of 292,000 shares at a repurchase price of HK$16.74-17.08 per share. This is a relatively rare move among small and medium-sized technology companies and shows that the management is extremely confident in the Company's future performance growth. In view of its outstanding interim results and the management's expectations for the Company's future growth, Nomura and CLSA both upgraded their ratings to "Buy". Nomura published a research report stating that its interim performance was solid, with revenue increasing by 17% year-over-year, mainly driven by strong growth in its payment business and in-store business. As of the market close today, more than a dozen institutions, including CICC, Guosheng Securities, GF Securities, and China Securities International, have all given the Company a "Buy" rating, which further demonstrates the investment value of Yeahka.About YEAHKA LIMITED (Stock Code: 9923.HK)Yeahka is a leading payment-based technology platform dedicated to creating value for merchants and consumers. Our goal is to build an independent and scalable commercial digitalized ecosystem to enable seamless, convenient, and reliable payment services to merchants and consumers, and to further expand into serving merchants and consumers with our diversified product portfolio, which now includes (i) in-store e-commerce services, providing consumers with local lifestyle services of great value, and (ii) merchant solutions, enabling merchants to better manage and drive business growth. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Jefferies maintains Buy rating on Yeahka(09923.HK)

2 9 月, 2022

HONG KONG, Sep 2, 2022 - (ACN Newswire via SEAPRWire.com) - Yeahka, the leading payment-based technology platform in China announced its 2022 interim results in late August. During the period, total revenue climbed 17.1% to RMB1,641.8 million, gross profit rose 52.1% to RMB529.3 million, and gross margin increased from 24.8% to 32.2%."Yeahka's 1H revenue and adjusted EBITDA beat our estimates. Management highlighted multi-channels strategies to embrace in-store e-commerce opportunities and reaffirmed full-year GMV guidance. We expect it to maintain fast growth trend in 2023 due to the huge addressable market ahead. We revise our payment volume assumptions in 2H due to the recent resurgence of the pandemic and estimate take-rate to be better than expected for the full year." Jefferies says in its newly released research report.Jefferies emphasizes that Yeahka is one of the 16 payment service providers with a national bank card acquiring license and mobile phone payment license from the PBOC, which currently has 7.3m active payment service merchants. The payment business provides traffic, merchants and data insights to Yeahka, in particular payment and online marketing services. Backed by its merchants and consumer networks in payment, Yeahka adds value to merchants through SaaS products in digitization, online marketing through DSP platform and fintech services.According to the report, Jefferies maintains its Buy rating with PT of HKD21 on Yeahka based on PEG. It applies a 10% discount to PEG due to uncertainties of macro headwinds and pandemic outbreak, factoring in the recent business developments with a focus on GPV and customer growth, while the support to merchants and investments in new initiatives are important for the long term. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

To Build Web 3.0 Native Payment Infrastructure, Airswift Raises $2 MM in Pre-Seed Funding Led by CE Innovation Capital

15 8 月, 2022

Vancouver, BC, August 15, 2022 – (SEAPRWire) – Airswift, a fintech startup pioneering Web 3.0 native payment solutions, announced that it raised $2 million USD in a pre-seed funding round led by CE Innovation Capital (CEiC). The latest funding comes amid a bear market sentiment and uncertainty around crypto. It indicates that investors are confident about Airswift’s unique model, and optimistic about the future of payment solutions that power the use of digital assets. With blockchain technology at its core, Airswift is building a comprehensive payment infrastructure native to Web 3.0. This includes an easy-to-use on-chain payment gateway that allows merchants to accept both crypto and fiat currency, enabling frictionless purchases with digital assets. Airswift plans to launch its initial product by September 2022, making it one of the first full-stack payment gateway solutions that facilitate digital asset acceptance around the globe. “The raise from CEiC shows that investors are confident in our unique strengths in blockchain R&D, payment gateway operations, regulatory compliance, among other factors”, said Dr. Yan Zhang, Co-founder and CEO of Airswift. “The current challenge associated with enabling crypto payments lies with both technical areas and fund aggregation. Airswift is committed to solving these issues with a decentralized payment gateway that protects user privacy and supports a liquidity pool model powered by block-chain technology.” As a Fintech-focused global investor, CEiC firmly believes blockchain enabled payment solutions are a fundamental technological innovation that could create a paradigm shift in the financial services industry worldwide. The Fintech investor stresses that the market is in its infancy, with huge potential for growth. In 2021, the global volume of blockchain enabled payments reached $15-16bn USD, presenting only a small fraction of that year’s entire global digital payment volume of $7.5 trillion USD. The investor values Airswift’s unique advantages in its established and forward-looking CeFi and DeFi solutions and its team’s rich experience, business acumen and prudent regulatory mindset towards the payments and blockchain industries. CEiC is excited to partner with Airswift to create new payment solutions that could disrupt the trillion dollar global digital payment market. Airswift was co-founded by CEO Dr. Yan Zhang, a successful entrepreneur in crypto, eCommerce and Fintech. His team brings comprehensive expertise in blockchain R&D, having obtained more than fifty patents related to the technology. Airswift also has a significant background in payment gateway operations, achieving strong regulatory endorsements in North America, SEA, and EMEA. About Airswift Airswift is a financial technology company pioneering crypto payment solutions for businesses and consumers around the globe. It provides a web 3.0 native omnichannel payment gateway, crypto-funded prepaid cards, and on/off ramp services that connect businesses with consumers. Airswift is widely recognized as a leader in blockchain technology, with extensive operational experience in global digital payments and enterprise Web 3.0 financial infrastructure. Headquartered in Vancouver Canada, Airswift was established in 2022 with backing from leading industry investors. For more information, please visit https://airswift.io. Social Links Twitter: https://twitter.com/airswiftTech Medium: https://medium.com/@AirSwift LinkedIn: https://www.linkedin.com/company/airswiftTech Media Contact Brand: Airswift Contact: Annie Lin Email: PR@airswift.io Website: https://airswift.io/ SOURCE: Airswift The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)