Yeahka Limited (09923.HK) received high ESG ratings from both S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes for its proactive implementation of ESG

HONG KONG, Feb 3, 2023 – (ACN Newswire) – In 2022, Yeahka Limited (09923.HK) participated for the first time in the assessments for the S&P Global ESG Scores and Hang Seng Corporate Sustainability Indexes, earning impressive scores of 48 and A- (54.02), respectively. Yeahka's S&P Global ESG score is equal to Tencent's and higher than those of other internet companies such as Weimob, Meituan and Alibaba. Meanwhile, Yeahka's Hang Seng ESG score is higher than both the industry average (50) and the average score of all Hong Kong listed companies that participated in the assessment (52).

Initiated by S&P Global in 1999, the S&P Global ESG Scores is one of the most influential and credible corporate sustainability assessments worldwide, with 11,000 companies invited to participate in 2022. The Hang Seng Corporate Sustainability Indexes is also a well-recognized ESG rating system among investment institutions, whose results are widely used in investment decisions.

As sustainable development becomes the new consensus, ESG ratings have become an important indicator used by the capital market to assess a company's investment value. A high ESG rating implies more efficient management as well as better alignment with stakeholder expectations, indicating more favorable attention from the capital market.

With outstanding performance in corporate governance, environmental protection, consumer issues and social responsibility, Yeahka received impressive ratings in its first year participating in the assessments. In 2022, Yeahka established an ESG Committee, further strengthened its ESG governance structure and fully upgraded ESG governance authority and responsibilities within the company, and also conducted many compliance trainings internally.

In terms of environmental protection, Yeahka invested millions of RMB under the supervision and leadership of the ESG Committee to adopt green server rooms with low energy consumption, reducing its Power Usage Effectiveness (PUE) value to 1.56 and resulting in expected annual electricity savings of 798 MWh.

On the consumer side, in line with its core belief in establishing a commercial digitalized ecosystem, Yeahka is committed to expanding in-store e-commerce services that provide consumers with more convenient, favorable and timely lifestyle services. At the same time, the Company continues to optimize the product experience and enhance customer satisfaction through technology innovation.

Regarding social responsibility, Yeahka has strengthened its transaction risk control, making over 10 billion risk control decisions and conducting over 3 million risk control transactions in 2021. Yeahka continued to carry out the "Power of Small Shops" program, providing a total of RMB 22 million in financial support for small and medium-sized merchants in conjunction with third-party institutions.

Yeahka said: "We will continue to enhance ESG governance, integrating the concept of ESG development into our overall development strategy and embedding social responsibility concepts into every aspect of our operations. We are committed to helping our merchants and consumers live better through continuous technological innovation, as well as to creating long-term sustainable investment value through continuous sustainable development efforts."

S&P Global ESG scores can be found on the official website:
https://www.spglobal.com/esg/scores/results?cid=4279124

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 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Hylobiz Launches its Business in Indonesia in Partnership with Accurate and Brankas, Empowers M/SMEs with Improved Cashflow and Steady Growth

JAKARTA, Feb 3, 2023 – (ACN Newswire) – The partnership of Hylobiz, a Vayana group company, with Accurate and Brankas would facilitate businesses in Indonesia with connected business software, especially accounting & POS (point of sales) and connected banking services supporting them with faster collections and strong cashflow for steady business growth.

With this, M/SMEs in the Southeast Asia market will see a positive transition. Businesses will be able to digitize invoices and collections overcoming the crippling issues related to cashflow and business growth.

With Accurate, Hylobiz shares a joint vision to enable Accurate's SME customers to achieve Cashflow and Compliance automation and thereby offer Credit (Embedded Trade Finance) through partner FIs, with Accurate ERP continuing as the customers' primary application interface.

"We (Accurate) are very happy to be partnering with Hylobiz. As we enter the modern era, we believe that everything must be efficient, everything needs to be fast. Hopefully accurate as business software especially Accounting Software & POS can be a solution for SMEs customers with a takeline #Bisnisjadimudah on developing their own business," said Yosep Stephen as CEO Accurate.

With Brankas, Hylobiz shares a joint vision to enable business growth for Indonesia's SMEs with cashflow automation by leveraging Open Banking technology.

"Embedded finance is set to have a massive impact on business innovation in the coming years, and we believe the use cases today are only just the beginning. We are excited to see the increasing usage of Brankas APIs by organizations across a variety of industries in Indonesia, and share Hylobiz' vision to drive faster collections for its customers," said Husni Fuad, Country Manager Indonesia, Brankas

Digitization of receivables, collections with payment links, automated payment reminders, automated reconciliations in real-time, and smart tracking of payments are some of the top and most needed features available with connected ERP and connected Banking capability established through the synergy of the trio.

Vishal Gupta, CEO, of Hylobiz, said, "Hylobiz has been addressing the cash collections, payouts, and real-time reconciliation for the businesses across India, UAE and the USA helping 250K businesses for growth on their cashflows. With Accurate and Brankas we aim to serve b2b SMEs in Indonesia better through ZERO process change, for faster invoice collections and embedded finance for their business growth."

About Brankas

Brankas is a leading global open finance technology provider. We provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more. With Brankas' secure open banking technology, online businesses, fintech companies and digital banks can use Brankas APIs to create new digital experiences for their users. Headquartered in Singapore.

Visit website: https://www.brankas.com/

About Accurate

Accurate is a business software to help people manage, monitor, and present their business financial reports easily.

Proven by 21 years of consistency and won top brand awards consecutively for 7 years, with outstanding features that will simplify business operational processes such as preparation management processes, recording and presenting more than 200 types of financial reports automatically, tax management and reporting, integration into various applications and other business support software and many more.

Accurate has served hundreds of thousands of businesses in various industries in Indonesia as their trusted Accounting Software and POS, with easily administer, manage, and as an easy financial system known for its features completeness and operational flexibility. This has led to Accurate Is widespread acceptance by trading companies, distribution companies, contractors, and manufacturing companies. Headquartered in Tangerang Selatan, Banten .

Visit website: https://accurate.id/

About Hylobiz, a Vayana group company

Hylobiz is a Fintech serving to simplify the processes in the B2B ecosystem and is currently operational in India, UAE, and the US and is now launching in Indonesia. With its Connected ERP and Connected Banking capabilities, the unified solution simplifies invoice collections and cashflow in the B2B space and simplifies working capital access. Headquartered in Pune, Maharashtra in India.

Visit Websites: https://hylobiz.id/, https://hylo.biz/

Media contacts:

Hylobiz, Perusahaan Vayana Group
Amit Parmar – (WhatsApp) +91 83901 08989
Arkin Dumais – (WhatsApp) + 62 85882567970
Email: amit@vayana.com, arkin@hylobiz.com

Brankas
Bala Subramanian – +65 8157 3627(Whatsapp)
Email: bala.subramanian@brankas.com

Accurate
Cinthya W Putri – +62 81381706036
Evan Mangundap – +62 82112433117
Email: cinthya.widayanti@accurate.id, evan@accurate.id

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

FTX Trading Bankruptcy: Protecting Your Company’s Interests

NEW YORK, NY, Feb 2, 2023 – (ACN Newswire) – Zuber Lawler is representing entities who received investments from Alameda Research and FTX Ventures. Alameda Research and several other FTX-related entities have filed bankruptcy proceedings in Delaware. These multiple filings are all being administered under one matter, In re FTX Trading, USBC Case No. 22-11068.



Most first and second day motions have been heard and either have been granted or are currently pending. Things are moving forward.

On January 18, 2023, FTX debtors moved for an order authorizing and approving procedures for a sale or transfer of what they have termed as "de minimis assets."

FTX debtors define "de minimis assets" as investments and/or interests held by FTX debtors, including Alameda Research, in privately held companies, which (according to FTX debtors) can be easily separated from the debtors' core operations, will not disrupt the core operations, and will generate less value to the estate than other assets. FTX debtors state that the de minimis category includes approximately 185 investments made for $1 million and below, approximately 75 investments made between $1 million and $5 million each and approximately 40 investments made between $5 million and $25 million each.

Notably, FTX debtors state that they are in the process of a "strategic review" of the de minimis assets, including the potential for repurchasing of debtor interests by investees or other investors in these investments.

Although they have not identified these assets specifically, FTX debtors wish to have the court approve an established and expedited procedure for the sale/transfer of these types or category of assets, without the need of moving the court or getting court approval for each sale, but with the oversight of the Official Committee. Put in other words, they wish to get authorization to proceed with these individual sales "off line," and without the need of going through the motion procedure for each specific asset or asset group.

If Alameda Research or any other FTX entity invested in your company, that investment will likely be categorized as a "de minimis asset," subject to this motion, and will now be up for sale through the bankruptcy process. Through that process, you may be asked (compelled) to make public otherwise confidential information in order to facilitate the public auction or sale of those securities or assets. You may also be at risk of a competitor (or other unsuitable purchaser) buying an interest in your company, and in doing so, potentially obtaining other information and management rights. Even without such a sale of assets, you may now have questions around who you may need to provide information and notices to on an on-going basis, as well has who you may need to obtain consent from in order to take actions subject to restrictive covenants in your investment documents. The situation is even more complicated for issuers of SAFTs or other digital assets that may be subject to inconsistent regulation as a security (or not) across various jurisdictions (since the location of the purchaser may impact whether the SAFT/token issuer is subject to US securities law).

Zuber Lawler is in a unique position to provide the described representation. We have represented a large number of clients with operations across the entire scope of distributed ledger technology. Our clients include token issuers (fungible and non-fungible), digital asset platforms and providers of related services, as well as traditional companies (and government entities) who look to understand and enter the digital asset space. A large number of our clients are not domiciled in the United States and we are extremely familiar with the concerns these clients face. In fact several of our existing clients will be part of the ad hoc group. While we cannot make any promise of any particular result, we expect that we will be better positioned to provide the representation described above than any other firm in the United States.

If your company sold investment assets to Alameda Research or FTX Ventures, please reach out to Josh Lawler at Jlawler@zuberlawler.com to set a time for a short video conference to discuss specifics relating to your situation at no charge.

*Attorney Advertisement – Prior Results Do Not Guarantee a Similar Outcome.

For more information, visit https://ZuberLawler.com.

Source: Plato Data Intelligence: https://PlatoAistream.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AEON Credit Revenue of First Nine Months of FY2022/23 Up by 15.2% to HK$887.4 million following Improved Market Sentiment and Successful Mass Promotion Activities

HONG KONG, Dec 21, 2022 – (ACN Newswire) – AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its results for the nine months ended 30 November 2022 (the "reporting period" or "nine months of FY2022/23")

During the reporting period, the Group's revenue rose by 15.2% to HK$887.4 million and operating profit recorded a 17.0% increase to HK$380.7 million. Meanwhile, profit after tax was up by 2.9% to HK$250.3 million, with earnings per share increasing to 59.77 HK cents for the reporting period (nine months of FY2021/22: 58.09 HK cents).

Both overseas and local consumer spending showed a progressive recovery in the three months ended 30 November 2022 (the "third quarter"). The improved market sentiment, along with the Group's efforts to capture business opportunities, resulted in a notable growth in sales, which recorded an overall increase of 28.3% when compared with the nine months ended 30 November 2021 (the "previous period" or "nine months of FY2021/22"). The overall increase in sales and revolving credit card and personal loan balances drove a solid increase in interest income, and thus growth in revenue. With the launch of the acquiring service for AEON Stores in August 2021, the Group recorded an overall increase in fees and commissions of HK$25 million in the reporting period to HK$94.9 million, which also added impetus to revenue growth.

Among the measures to advance business development during the reporting period, the Group launched the "Japan Travel Spending Promotion" to capitalize on the increasing overseas spending. Moreover, the Group increased its exposure in different media channels to promote its branding and products and equipped its branches with the resources needed to provide financial advisory services.

Regarding the insurance intermediary business, the Group launched a new distribution partnership with Chubb Life Insurance Company Limited ("Chubb Life Hong Kong") to expand its offline and online insurance sales channels in the third quarter, allowing its customers to access and purchase a wide range of insurance products more conveniently.

In terms of information technology development, the Group continued to press ahead with its new card and loan system project and the replacement of its netmember and mobile application solutions to ensure that the new systems can be launched as anticipated.

Regarding sustainable development, the Group has established a sustainability-linked loan framework and entered into agreements for sustainability-linked loans (the "Loans"). The Loans are the Group's first sustainable financing initiative, and strengthen its commitment to endorsing and developing in the sustainability arena by linking the interest margin of the Loans to the improvement of the Group's environment, social and governance key performance indicators.

Going forward, as international travel resumes, flight capacity is expected to gradually recover and social distancing measures will be further relaxed in the fourth quarter of the year ended 28 February 2023 (the "fourth quarter"), resulting in more sales opportunities and driving receivables growth.

The Group will launch various mass promotion activities in the fourth quarter to stimulate sales growth during festival seasons and meet customers' needs during the tax season. Moreover, the Group will leverage the new partnership with Chubb Life Hong Kong to generate synergistic benefits and increase the agency fee income through different insurance distribution channels.

Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "With our dedicated efforts in promotion and catering to customers' needs, we are pleased to have achieved favourable results in the first nine months of FY2022/23. Looking ahead, we will continue to capitalize on the reviving market by launching mass promotion activities, leveraging our partnership in the insurance business, and exploring new business opportunities to diversify our revenue stream, with an aim to deliver long-term sustainable growth to our shareholders."

About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)
AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.

For more information, please visit the company's website at www.aeon.com.hk.



Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

AEON Credit Secures its Framework for Sustainability-Linked Loans, Strengthens and Advances its Sustainability Pledge

HONG KONG, Nov 30, 2022 – (ACN Newswire) – AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced that it has secured its sustainability-linked loan framework and entered agreements for three sustainability-linked loans (the "Loans"), with Mizuho Bank, Ltd., Hong Kong Branch, MUFG Bank, Ltd., Japanese Corporate Banking Division (Hong Kong) and Sumitomo Mitsui Banking Corporation, Hong Kong Branch, (the "Lenders"), with a total carrying amount of HK$320 million and a term of three years. The Loans are the Group's first sustainable financing initiative and strengthens its commitment to endorsing and developing in the sustainability arena.

Sustainability performance metrics have been set in accordance with AEON Credit's existing Sustainability Development Policy, and will be assessed on an annual basis by the external reviewer, the Hong Kong Quality Assurance Agency. As mutually agreed with the Lenders, the Group will be entitled to receive interest rate savings for the Loans as an incentive for the achievement of the predetermined sustainability-linked targets.

Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "We are delighted to have arranged the Group's sustainability-linked loan framework for bank financing, which emphasizes our long-term commitment to the advancement of sustainable development. As the basis for AEON Credit's vision, mission and core values, we are well aware that responsible corporate practices are integral to assuring the betterment of the environment and society, as well as to creating additional long-term value for our shareholders and business partners.

"Through integrating sustainability-linked targets into the assessment of the Group's business and financial performance, we aim to reinforce the incorporation of sustainability practices into our operations so as to positively impact and contribute to the transformation of a greener and more sustainable capital market. Looking ahead, we will continue to proactively seek further opportunities to expand our sustainable financing portfolio and look forward to taking our stakeholders along on our sustainability journey."

About AEON Credit Service (Asia) Company Limited (Stock Code: 00900)
AEON Credit Service (Asia) Company Limited, a subsidiary of AEON Financial Service Co., Ltd. (TSE: 8570) and a member of the AEON Group, was set up in 1987 and listed on the Main Board of The Stock Exchange of Hong Kong Limited in 1995. The Group is principally engaged in the consumer finance business, which includes the issuance of credit cards and the provision of personal loan financing, card payment processing services, insurance agency and brokerage business in Hong Kong and microfinance business in Mainland China.

For more information, please visit the company's website at www.aeon.com.hk.


Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Society Pass Inc Integrates with Stripe Inc’s Payments Platform

SINGAPORE, Nov 28, 2022 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's leading data-driven loyalty, fintech and e-commerce ecosystem, today announces the integration of Stripe's financial infrastructure solutions onto the SoPa platform to power transaction settlement services for merchants and customers on SoPa's ecosystem.

Leveraging Stripe's cutting-edge technology solutions, Society Pass expands the product and geographical reach of its ecosystem, simplifies payment flows, and accepts payments at scale in multiple currencies. In addition, SoPa leverages Stripe's anti-fraud technology, Stripe Radar, to detect and block fraud using machine learning. Merchants on SoPa's ecosystem utilise Stripe's payment infrastructure to accept credit and debit cards payments from customers, enable their customers to checkout in a simple way, and at the same time provide a superior shopping experience to consumers.

Rokas Sidlauskas, Chief Marketing Officer of Society Pass, comments, "We are thrilled to announce this integration with Stripe which provides diverse payment options to our consumers whilst streamlining the process for merchants to manage their finances and get paid faster. Since our incorporation, Society Pass has redefined the e-commerce experience for millions of registered consumers and hundreds of thousands of registered merchants in SEA. By offering convenience, flexibility, and control on both sides of the retail transaction, SoPa paves a win-win path for our merchants and consumers alike. Partnering with Stripe is an organic path to accelerate this goal".

As a global financial infrastructure platform, Stripe makes it easy for companies to launch, run and scale their business from day one. Stripe offers a broad set of software tools, including services like built-in-machine-learning powered fraud protection, advanced analytics and infrastructure that makes it easy for businesses of all sizes to scale locally and internationally, while reducing the time and resources spent on payments so they can focus on their core business.

Society Pass' first-in-class ecosystem transforms the entire retail value chain towards a more digital future in SEA. Looking ahead, SoPa will continue to simplify the use and access to online shopping, leveraging cutting edge technologies and capabilities to tailor more intelligent, individualized, and contextual experiences for the next generation consumers. In addition, SoPa is committed to make continuous efforts in reinforcing and diversifying its ecosystem by means of strategic acquisitions of market-leading companies and partnerships with visionary entrepreneurs in six distinct B2C e-commerce verticals: loyalty, lifestyle, food & beverage delivery, telecoms, digital marketing, and travel.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa's data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please check out:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company's filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus relating to the Company's initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

anb and JCB sign acquiring agreement for local acceptance in the Kingdom of Saudi Arabia

RIYADH // TOKYO, Nov 24, 2022 – (ACN Newswire) – anb and JCB International Co., Ltd., the international operations subsidiary of JCB Co. Ltd., have partnered to launch JCB Card acceptance at all its POS and ATM locations deployed in the Kingdom of Saudi Arabia.




JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan, and JCB Cards are used by more than 140 million cardholders and accepted at about 39 million locations globally.

As part of supporting the cashless society and financial inclusion that is related to Vision 2030, anb and JCB have partnered to enable the acceptance of JCB Cards. The partnership is a continuation of JCB's plan for entering the Saudi market, a destination of ever-increasing importance for its cardholders around the world for both business and tourism.

Mr. Yuichiro Kadowaki, Regional Head – Middle East & Africa CEO, JCB Middle East LLC, said: "Saudi Arabia has always been a very important destination for many of JCB cardholders, from both business and religious perspectives. With the strategic plan for Vision 2030, the country is now increasingly an important destination for tourism as well. anb's extensive reach in the market will ensure that JCB cardholders will be able to use JCB Cards at their convenience. The partnership will also enhance the already close fraternal ties between Saudi Arabia and Japan."

Mr. Nizar Altwaijri, Deputy Managing Director of anb, said: "anb's engagement with JCB will enable our payment systems to accept JCB Cards in the kingdom over ATM, POS and eCommerce channels. As Kingdom's economy opens up to welcoming tourists like never before, this strategic agreement will go a long way in supporting the tourism sector, which is one of the pillars of Saudi Vision 2030. This agreement is also in line with the Kingdom's plan to grow the number of options available for digital payments in the economy and will position KSA as one of the leading countries to accept a wide range of international scheme cards as part of its payment eco-system."

About JCB

JCB 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/

About anb

Amongst the largest banks in the Middle East, anb headquarters is based in Riyadh, Saudi Arabia with regional offices in Jeddah, Khobar and a network of branches throughout the kingdom, in addition to an international branch in London, United Kingdom.

To service a large and varied customer base which exceeds 2 million, the Bank has an extensive distribution network, with 237 premises spanning over the Kingdom.

Recognizing the need to serve customers in a convenient and timely manner, the Bank also has around 1,160 ATMs, 290 Corporate Cash Deposit Machines and 36,670 point-of-sale terminals, in addition to advanced mobile banking application and a state-of-the-art, award-winning phone center. For more information, please visit: www.anb.com.sa/

Contacts
JCB
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

anb
Bassel Al Zirki
Corporate Communications
Tel: +966-11-4029-9000
Email: balzirki@anb.com.sa

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GenTwo partners with Apex Group’s EDB for global banking and paying agency solutions

Luxembourg and Zurich, Nov 11, 2022 – (ACN Newswire) – European Depositary Bank ("EDB"), the Luxembourg- based provider of banking, paying agency, depositary and custody solutions, and innovative securitization specialist GenTwo, announce their partnership to provide GenTwo with paying agent and banking services for third party investors globally.

Zurich-based GenTwo creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. Institutional investors can use GenTwo's securitization solution to realize their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets.

GenTwo's partnership with Apex Group's EDB, expands GenTwo's offering with the provision of XS ISINs, marking another unique offering from GenTwo's securitization platform business and an important step on the way towards global reach.

This partnership will provide GenTwo's clients with bank accounts and paying agency services for notes issued via international clearing systems Clearstream SA and Euroclear. These services will be delivered by EDB, which offers traditional and digital banking services, as well as paying agency, registrar and transfer agency services to institutional investors and asset managers worldwide.

As part of global financial services provider Apex Group, EDB is one of the largest independent providers of depositary services in Europe for regulated UCITS and alternative funds, withover $160bn of Assets under Depositary (as of September 30, 2022). This latest news follows the recent appointment of David Claus as CEO of EDB (bit.ly/3hp25qA), and the roll out of Digital Banking (bit.ly/3hp25qA) services for institutional clients.

Philippe A. Naegeli, CEO and Co-Founder at GenTwo comments: "The partnership with Apex Group's EDB serves as important next step and catalyst to excel our successful service offering 'making all assets bankable' on a global scale, expanding our Ecosystem and the investment universe of our clients."

Cornelia Wallner, Global Head of Capital Markets Sales at Apex Group adds: "Free from institutional influences, EDB's agile and responsive banking capabilities help to set Apex Group apart, offering clients a large variety of solutions, available globally and underpinned by leading technology platforms and knowledgeable local teams. GenTwo continues to innovate, providing investors with access to new asset types and pioneering transformation in the market for alternative and digital investment products. We lookforward to supporting GenTwo's domestic and international clients with our banking and paying agency services as they continue to grow their global footprint."

About GenTwo

Zurich-based innovative securitization specialist GenTwo has invented a new generation of financial products. The company creates securitization platforms for asset managers, banks, family offices and venture capital investors, enabling professional investors to easily invest in bankable and previously non-bankable assets. The focus on off-balance sheet investment products solves the problem of declining margins and growth barriers for many financial market participants. New performance potential emerges through granting access to a theoretically unlimited world of asset classes. Institutional investors can use GenTwo's securitization solution to realize their own product and business innovations, to make any type of assets investable and to help shape new, sustainable markets via Swiss ISIN and XS ISIN. Private investors in Switzerland can as well benefit from these innovative products via their financial intermediaries.
www.gentwo.com

Press Contact GenTwo:
Simone C. Drill, CMO
media@gentwo.com I +41 79 207 33 49

About European Depositary Bank

European Depositary Bank ("EDB") was founded in 1973 in Luxembourg. It was originally established as a subsidiary of Hamburg based private bank M.M.Warburg & CO (AG & CO) KGaA and was acquired by Apex Group Ltd ("Apex") in 2019. EDB is supported by Apex's strong global network of over 50 offices worldwide in addition to its extensive European presence with circa 2,000 employees across the region and is one of the largest providers of depositary services in Europe for regulated UCITS and alternative funds with over $160.6bn Assets under Depositary (as of September 30, 2022). www.europeandepositarybank.com

Press contact Apex Group:
Antonia Powell, Head of Media Relations
Antonia.powell@apexfs.com | +44 (0)77 8990 2279

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Digital Treasures Center Trailblazing in Physical Cryptocurrency Transactions

Launches first POS machine for crypto transactions in Singapore

Singapore, Nov 9, 2022 – (ACN Newswire) – 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.

  1. The fintech is the first payment company to launch a point of sale (POS) machine in Singapore to accept cryptocurrencies.
  2. DTC’s Chief Operating Officer El Lee is the first home-grown Singapore entrepreneur to receive the Top 10 Fintech Leaders award three times.
  3. 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 Singapore

DTC 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 award

Second, 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 program

DTC 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/3tdqySu

About Digital Treasures Center

Digital 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.com

For media related queries, please contact:
Mr. Desmond Yong
Email: desmond.yong@dtcpayment.com
Mobile: +65 9794 1679



Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com

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

TOKYO, Oct 24, 2022 – (ACN Newswire) – JCB, the leading international payment brand from Japan, has announced the JCBDC (JCB Digital Currency) Pilot project with IDEMIA, a world leader in identity technologies, and Soft Space, Asia's leading secure payments platform. The JCBDC Pilot will test a Central Bank Digital Currency (CBDC) payment solution, and conduct a demonstration experiment with Tokyo merchants.

Central banks in many countries and regions have been testing CBDCs that could 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.

JCB will have CBDC acceptance tested using its existing 'JCB Contactless' infrastructure – EMV-based payment merchants, POS terminals and plastic card-based user interfaces – with guidance from IDEMIA and Soft Space. JCB, IDEMIA and Soft Space will have concluded CBDC system development by late 2022 and will conduct pilot CBDC acceptance with Tokyo merchants through March 2023.

"It gives me great honour to announce our collaboration with IDEMIA and Soft Space on this CBDC acceptance project," said Koremitsu Sannomiya, Board Member and 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 JCB Contactless cards and POS terminal hardware. Joint payment systems by IDEMIA, JCB and Soft Space will usher in worldwide CBDC growth," said Romain Zanolo, IDEMIA Managing Director, APAC Financial Institutions.

"We're thrilled to be in the world's first trial of CBDC acceptance on SoftPOS, alongside partners JCB and IDEMIA. Although CBDCs are still in their infancy, this pilot takes a forward leap, from theory to reality, by harnessing in-store payment experience and existing payment platform expertise," said Soft Space CEO Joel Tay.

*EMV(R), a registered trademark in the U.S. and other countries, is owned by EMVCo, LLC.

About JCB
JCB, a major global payment brand and leading credit card issuer in Japan, launched its card business in 1961, expanding worldwide in 1981. JCB has formed alliances with hundreds of leading banks and financial institutions, its network includes more than 39 million merchants worldwide, and more than 140 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and quality services and products to all customers worldwide. JCB, uniquely yours, visit www.global.jcb/en/.

About IDEMIA
A leader in identity technologies, IDEMIA is on a mission to unlock the world and make it safer. Backed by featured R&D, IDEMIA provides unique technologies with long-standing expertise in biometrics, cryptography, data analytics, systems and smart devices. With 15,000 employees, IDEMIA is trusted by over 600 governmental organizations and 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 Space
Founded in 2012, Soft Space is the world's leading SoftPOS player, with over 50 financial institutions and partners across 23 global markets adopting its payment solutions. Supported by MDEC's Global Acceleration and Innovative Network (GAIN) programme, Soft Space ranked 66 of 1000 companies in the Financial Times' FT 1000: High Growth Companies in Asia Pacific 2018, and in 2020 was recognized as an IDC Fastest Growing Company. For more information, visit: https://www.softspace.com.my.

JCB Contact
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@jcb.co.jp

Nuraqilah Ibrahim
Marketing Associate
Tel: +603 7494 1222
Email: nur.aqilah@softspace.com.my

Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com