Fonepay and LankaPay Sign MOU for Cross-Border Interoperable Payment System

Kathmandu, Jun 2, 2023 – (ACN Newswire) – Fonepay, Nepal's Largest Payment Network announced a partnership with Sri Lanka's National Payment Network, LankaPay to collaborate in developing an interoperable digital payment system that enables users to transact seamlessly across the two countries. With the integration of these payment networks expected to complete in the next three months, Sri Lankan and Nepali citizens can make merchant payments in each other's country through mobile-based QR code payment method easily, seamlessly, and securely.

Fonepay & LankaPay sign MoU

Fonepay and LankaPay are pioneers and leading Digital Payment Networks in their domestic markets serving millions of citizens, businesses, banks, FinTechs, and government with payment technology infrastructure and payment programs like mobile app-based electronic fund transfers, mobile-based QR payments, online bill payments, etc.

The MOU was signed by the CEOs in an event witnessed by Chief Guest, Ms. B. Nilusha Dilmini, Charge d'Affaires, Sri Lanka Embassy in Kathmandu, and representatives from the banking and payment service industry and prominent Nepali media.

Welcoming the guests and delegates, Mr. Diwas Kumar Sapkota (CEO, Fonepay) said, "This collaboration signifies our commitment to leveraging technology to unlock new opportunities, enhance financial inclusion, and create a thriving digital economy."

Equally elated about this collaboration, Mr. Channa de Silva (CEO, LankaPay) mentioned, "This marks a significant milestone in our mission to revolutionize digital payments in our country. It reflects our shared vision of creating a seamless and inclusive payment ecosystem for our customers."

Mr. Daniel D. Shrestha, Director of Group Strategy of F1Soft Group (parent company of Fonepay) expressing the group's intent to go global, said, "This initiative is part of our strategy to replicate the successes we have jointly achieved along with our partner BFIs since our inception in 2004 in Nepal, now outside of Nepal."

F1Soft Group has already started making concerted efforts towards offering products and service lines of F1Soft and its subsidiaries, in the areas such as omnichannel banking through its products, digital lending through Foneloan, and other digital payment solutions to emerging markets outside Nepal.

Chairperson of Fonepay and President of F1Soft Group, Mr. Biswas Dhakal, in his closing remarks said, "This marks a historical step towards achieving interoperability in the digital payment space not only for Fonepay but for the entire country. The interoperability between Fonepay and LankaPay is not just about convenience; it is a catalyst for economic growth. We would like to thank the Central Bank of Nepal for its support in realizing our ambition to establish a cross-border payment network with Lankapay. We also urge the two governments to work on intensifying efforts to increase cross-country tourism, trade, and commerce now that we will have a foundation of interoperable payment systems between the two countries."

Contact Information
Sumukh Lohani
Sr. Marketing Officer

Copyright 2023 ACN Newswire. All rights reserved.

Fushi acquires Ascentis as part of its expansion into Southeast Asia

HONG KONG, May 18, 2023 – (ACN Newswire) – Fushi Technology (Shenzhen) Co., Ltd ("Fushi") is delighted to announce its acquisition of Ascentis Pte Ltd ("Ascentis"), a leading Customer Relationship Management ("CRM") and eCommerce SaaS solutions provider in Southeast Asia. With this acquisition, Fushi is Ascentis' controlling shareholder, and it marks a significant milestone in Fushi's globalization strategy.

Founded in 2003, Ascentis is headquartered in Singapore, with six offices in Southeast Asia. Ascentis specializes in CRM and eCommerce and has successfully implemented its SaaS solutions across 13 countries in the region. Its solutions focus on helping businesses create a seamless Online-to-Offline ("O2O") customer experience and journey that is both engaging and rewarding. Some of Ascentis' clients include Far East Organization, Lendlease, Singtel, Starbucks, and Sunway Group.

"Acquiring Ascentis will expedite Fushi's globalization strategy and expand its business into the growing Southeast Asia market," said Fushi. "Ascentis' O2O solutions, once integrated with Fushi's point of sale, Artificial Intelligence ("AI") lab, digital payment, and game center, will greatly enhance the group's offerings and ambitions to create smart Retail and F&B ecosystems for our customers. This becomes even more exciting when the ecosystem is integrated with the smart logistics and supply chain management solutions from Y3 Technologies, who is also a global strategic partner of Fushi."

This acquisition is a pivotal change for Ascentis, according to Bryan Tan, founder of Ascentis. "Fushi's technologies not only accelerate our plans to expand into more markets, but more importantly, it now completes our vision to offer a truly integrated, smart, and automated platform with capabilities in cashiering, digital payment, rewards, customer engagement, and smart logistics."

Fushi is dedicated to providing merchants with end-to-end SaaS solutions and aims to become the largest one-stop digital services platform for merchants in China and Southeast Asia. Since its establishment in 2016, Fushi Technology's 500-strong R&D team has been deepening and expanding its SaaS services in retail and F&B with products such as POS, QR code menu ordering, mini-programs, artificial intelligence, digital payment, and game center.

Copyright 2023 ACN Newswire. All rights reserved.

StoneX Global Payments & TIS Partner to Offer Enhanced FX Payment Services for Corporate Treasury & Finance Teams

BERLIN KOPENICK, GERMANY, May 9, 2023 – (ACN Newswire) – Today, StoneX Global Payments and TIS have formally announced an official partnership agreement. Under the arrangement, StoneX and TIS will combine their extensive experience in cross-border payments and cloud-native payment solutions to create an unparalleled level of global service and coverage for corporate treasury and finance teams.

The partnership, which leverages both companies' comprehensive industry knowledge and market-leading software solutions, enables corporate clients to drastically simplify the complexity of cross-border and foreign exchange payments. As a result, treasury and finance professionals can gain total visibility over their FX transactions, as well as full transparency to FX rates before transfers are initiated and executed. Ultimately, this gives corporate clients a more cost-effective and straightforward workflow for their FX payments, as well as increased protection against currency risks and other common international payment challenges. Today, the service provides a gateway into global markets across 140+ currencies and 180+ countries, allowing clients to choose the right payment option in each scenario with a guaranteed payment delivery of 48 hours or less.

"Teaming up with TIS unites their offering in key areas of corporate clients with our strengths in global payment solutions and technology. This enables our customers not only to leverage efficiency and automation potentials but also to benefit from cost savings in the local currency business. We are looking forward to a fruitful partnership with TIS", said Marc Joppeck, Head of Sales & StoneX Payments Division Germany & Corporate Payments Europe.

The strong connectivity between TIS and their customers' back-office systems and banks, following a multi-channel banking approach across any preferred network, makes payment processes streamlined, secure, and efficient. Both TIS and StoneX Global Payments have strong SWIFT (Society for Worldwide Interbank Financial Telecommunication) partnerships and are fully compatible with ISO 20022, as well as the full scope of other messaging standards in use today. This means StoneX Global Payments and TIS can offer fully integrated and automated end-to-end processes regardless of the unique requirements presented by specific clients.

Regarding the benefits of this partnership, Jorg Wiemer, Co-founder and CSO at TIS, stated: "The collaboration with StoneX Global Payments enables our customers to significantly reduce FX payments costs and to further streamline cross-border payment processes. With automated, ERP-integrated processes as well as full transparency on cash flows and FX rates and 140+ currency options, and guaranteed delivery within 48 hours, together with StoneX Global Payments, we can offer unmatched services that allow our customers fast and efficient simple access to global markets. We're excited to push this collaboration further."

In recent months, StoneX Global Payments and TIS have already proven that the benefits their partnership provides to organizations are critically important. As of October 2022, TIS clients including the award-winning non-profit organization IFAW (International Fund for Animal Welfare) are leveraging the FX payment solution to achieve substantial cost-savings over their previous setup. The partnership continues to deliver outstanding results for many other clients as well.

Moving forward, the combined strength of StoneX Global Payments and TIS is expected to continue creating enhanced global market access and optimized FX strategies, resulting in a partnership that consistently delivers maximum value to corporate clients.

About TIS

TIS helps CFOs (Chief Financial Officers), Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, our award-winning cloud platform and best-in-class service model have empowered the entire office of the CFO to collaborate more effectively and attain maximum efficiency, automation, and control. By streamlining connectivity between our customers' back-office systems and their worldwide banks, vendors, and business partners, TIS enables users to achieve superior performance in key areas surrounding cash forecasting, working capital, outbound payments, financial messaging, fraud prevention, payment compliance, and more.

With over 11,000 banking options, $80 billion in daily cash managed, and $2.5 trillion in annual transaction volume, TIS has a proven track record of combining our unparalleled market expertise with tailored client and community feedback to drive digital transformation for companies of all sizes and industries. As a result, hundreds of organizations and thousands of practitioners rely on TIS daily to gain strategic advantage, monetize data, improve operational efficiency, and better manage risk. Learn more at

About StoneX Global Payments

StoneX Global Payments is a product of the StoneX Group and specializes in cross-border payments. We offer tailor-made foreign exchange and payment services for corporates, NGOs, and financial institutions worldwide. Our global network of 350+ correspondent banks help us deliver transparent, secure, and guaranteed payments in more than 140 currencies across 180+ countries. Clients are able to gain access to our services through a highly scalable, efficient, and advanced payment platform that is easy to use.

StoneX Group Inc. and its subsidiaries are a leading provider of execution, risk management, advisory, market information, and clearing services for various asset classes and markets worldwide. Learn more at or

Contact Information
Jennifer Knutel
VP Marketing

Marc Joppeck
Head of Sales & StoneX Payments Division Germany & Corporate Payments Europe


Copyright 2023 ACN Newswire. All rights reserved.

T4 Banking Philippines 2023: Trends, Tactics, Trust Building Components, and Technology in the Philippine banking landscape

MANILA, May 4, 2023 – (ACN Newswire) – As one of Philippines' premium conference brands for banking community, T4 Banking is considered as a bridge, and an arena where we connect the thinkers, innovators, disruptors and most importantly all of the decision-makers in the Philippine banking ecosystem.

The live, in-person event will be the gathering of all business executives from banks, financial regulators, pan-financial companies, and technology solution providers across the entire country. The 2023 Edition with the theme "Digital readiness and the future of banking in the Philippines" will be hosted on August 17, 2023 in The Manila Hilton Hotel, where you can expect to see more than 300 high profile delegates such as Technical Directors, CEO, CIO, CTO, CDO, Risk Control Directors, Information Security Heads, and a lot more.

The event is strongly committed in providing its audience deeper knowledge with 4 Ts – Tactics, Trends, Trust Building Components, and Technology in the Philippine banking landscape. The community aims to accelerate the transformation to a future digital banking ecosystem. This conference will be a closed door, B2B oriented forum. Varies type of arrangements will be presented during the event such as lucky draws, interactive panel discussions, roundtable luncheon, booth making contest, one-to-one private meetings, networking and awards-giving.

This is not your ordinary conference. We will be bringing the highest level of excitement and energy showcasing the world's top banking technology providers and bank participants, all in one roof!

1. Data governance mechanisms to drive bank performance
2. Banks evolving as API providers: Open banking takeaways
3. Artificial intelligence for the banking ecosystem
4. Bank intelligent branches and digital tools
5. AI: The secret sauce to banks risk management strategy
6. The fundamental elements of core modernization for banks
7. Digital customer banking experience: From journeys to intent
8. Cybersecurity in banking: Importance, threats, and challenges
9. Banking risk and compliance management 2023 outlook
10. Upgrading bank marketing technology to become future-ready
11. Philippine banking: Talent acquisition, development, retention and engagement
12. Global banking innovations and emerging technology trends

For sponsorship, and speaking engagement please contact our event director at or visit our event website at

Don't miss the opportunity to be a part of the biggest event in the Philippine banking ecosystem! Witness how we gather all of the leading experts in the industry and share their thoughts and insights with very timely topics.

Copyright 2023 ACN Newswire. All rights reserved.

CoinFlip’s New Crypto Platform ‘Olliv’ Aims to Make Cryptocurrency a Simple Part of Everyday Life

CHICAGO, IL, Apr 28, 2023 – (ACN Newswire) – CoinFlip, a leading fintech company powered by cryptocurrency, announces today a new chapter of growth and product evolution with the launch of 'Olliv,' a safe, inclusive, self-custody-powered crypto platform delivering financial services in the digital economy accessible to everyone. Olliv is breaking down the exclusivity barrier of cryptocurrency and offering a space that welcomes the next generation of investors to the digital economy while serving as an onramp for the future of blockchain utility and tokenized assets. The Olliv platform provides a frictionless way for consumers to buy, sell, send, receive, and swap assets securely stored on a self-custodial wallet, removing the uncertainty of unknown third-party custodians. Leveraging CoinFlip's existing network of crypto ATMs and award-winning customer service, Olliv serves to bridge the gap between physical and digital investing, expanding accessibility to this emerging technology.

Olliv recognizes the future of crypto isn't about who's already in it, it's about onboarding new users and propelling mass adoption. Education, simplicity, and ease of use are at the core of Olliv's ethos, as the platform looks to offer guidance and insights that make it easier to achieve financial freedom. Packaged in user-friendly software, Olliv enables 'Olliv Us' to participate in the digital economy in a way that makes customers feel safe, supported, and in control.

"With the launch of Olliv, our goal is to demystify cryptocurrency and create an inviting community for everyone. We aim to welcome customers with open arms into this next step toward financial revolution, regardless of their financial knowledge or background," said Ben Weiss, CEO and co-founder of CoinFlip. "We''e always looking for ways to invest in our customers that will contribute to the future of DeFi. We are confident our self-custodial model, a key value of CoinFlip's business since inception, will pave the path for a significant and much-needed shift in the industry. We look forward to continued growth and innovation in the coming year as we get one step closer to on-ramping the next generation of crypto investors."

Amongst its suite of services, Olliv features an intuitive interface for secure transactions and state-of-the-art encryption. Olliv also offers CoinFlip's award-winning 24/7 live customer service and provides educational resources via user-friendly content. The platform's commitment to transparency ensures users have visibility to all applicable fees, which are amongst the lowest in the industry, while trusted payment integrations enable secure and seamless payments.

"We envision a future where everyone can participate in the digital economy and utilize their holdings to make everyday purchases and gain access to previously hard-to-buy assets such as precious metals, real estate, and energy, without the need for frustrating third-party intermediaries," said Rory Herriman, Chief Technology, Digital, and Strategy Officer of CoinFlip. "Our vision for Olliv is to innovate and break down barriers around safety, security, and sovereignty, to empower people to invest and give them individual ownership of their assets thanks to the accessibility cryptocurrency provides."

Olliv is creating a unique space for people to join the crypto ecosystem at a pivotal point where technology and use cases for digital currency are rapidly evolving. The company will continue to grow its offerings and add additional features to support a user throughout their financial lifecycle. With a commitment to providing services that disrupt the traditional finance system, Olliv is poised to become a leader in the fintech space, providing essential services for all users, regardless of level of experience.

Amid challenging market conditions, CoinFlip remained a trusted resource for customers showcasing dedication to industry compliance and transparency. In doing so, the company demonstrated impressive growth, nearly doubling its headcount and expanding its ATM presence to Puerto Rico, Canada, and Australia. The company's 2022 revenue exceeded $100 million and its team is projected to grow by 23% by the end of 2023. CoinFlip's exceptional growth has been recognized by Crain's Chicago Business, which named it the No. 1 fastest-growing company in Chicago for two consecutive years and by Inc. 5000, where it has ranked within the top 100 in 2021 and 2022. With the launch of Olliv, CoinFlip solidifies its position as a leader in the financial revolution fueled by cryptocurrency and blockchain technology.

Starting today, Olliv is offered in the United States and Puerto Rico, except for Alaska, Iowa, New York, Oregon, Nevada, Arkansas, Louisiana, and Vermont with intentions to expand in accordance with local regulation. To learn more about Olliv and to sign up, please visit

About Olliv by CoinFlip

Olliv is a next-generation financial services platform powered by cryptocurrency that offers consumers a safe, inclusive, and supportive on-ramp to financial freedom. The omnichannel offering includes the Olliv digital platform and the CoinFlip network of cryptocurrency ATMs. With more than 4,000 machines in 49 U.S. states, Puerto Rico, Canada, and Australia, Olliv leverages CoinFlip's network of cryptocurrency kiosks to bridge the gap between physical and digital currency and introduce crypto to the masses. Olliv was founded as CoinFlip in 2015 and is headquartered in Chicago. To learn more, visit

Bryan Feinberg

Copyright 2023 ACN Newswire. All rights reserved.

AEON Credit Revenue Up 17.3% to HK$1,231.6 Million in FY2022, Sales Jump 32.7% and Receivables Surpass Pre-Pandemic Level Reaching Record High

HONG KONG, Apr 4, 2023 – (ACN Newswire) – AEON Credit Service (Asia) Company Limited ("AEON Credit" or the "Group"; Stock Code: 00900) today announced its results for the year ended 28th February 2023 ("FY2022" or the "Reporting Year").

In FY2022, the Group's revenue increased by 17.3% year-on-year to HK$1,231.6 million, and operating profit rose by 25.8% to HK$556.7 million. Meanwhile, profit after tax recorded a 9.1% increase to HK$373.6 million during the Reporting Year, with earnings per share rising to 89.22 HK cents (FY2021: 81.81 HK cents). The Board has recommended a final dividend of 22.0 HK cents per share, bringing the total dividend for the Reporting Year to 44.0 HK cents per share, representing a dividend payout ratio of 49.3%.

The solid increase in revenue in FY2022 was mainly attributable to the launch of the Group's first ever cashback credit card, AEON Card Wakuwaku (the "Wakuwaku Card"), supported by successful mass promotion and brand building activities, which resulted in a significant increase in both credit card and personal loan sales, and thus interest income. The Group achieved an overall sales growth of 32.7% year-on-year, with the total advances and receivables balance at 28th February 2023 recording an increase of 36.5% when compared with the balance at 28th February 2022. The fees and commissions from the credit card business also achieved significant growth, up 38.8% due to the increase in credit card sales and the 'off-us' acquiring service for AEON Stores, which contributed to the rise in revenue as well.

The Group implemented a number of initiatives in a timely manner to achieve healthy growth in both sales and receivables and to maintain a quality portfolio during the Reporting Year, as consumer spending rebounded remarkably in Hong Kong in the second half year following the launch of a range of economic stimulus measures and the progressive resumption of overseas travel. In addition to the launch of several mass promotion activities, the Group engaged celebrities to promote personal loans and its "Wakuwaku Card" in a bid to attract a greater number of customers who predominantly shop online and are generally more knowledgeable about spending rewards and incentives.

Separately, for fee business, the Group has significantly increased the scale of its card acquiring business and continued to take on new merchants with relatively sizable transaction volumes and/or with multi-distribution networks. Moreover, the Group entered into a new distribution partnership agreement in the second quarter to expand its offline and online insurance sales channels, allowing the Company's customers to access and purchase a wide range of insurance products more conveniently.

To accelerate its digital transformation, the Group's new card and loan system project, net-member and mobile application systems, and data lake project were successfully launched in early March 2023, facilitating new payment solutions and the flexibility in offering product benefits, as well as easy access to even better data analytics tools and services.

On the sustainability front, the Group secured a sustainability-linked loan framework and entered into agreements for sustainability-linked loans (the "Loans") in the third quarter, with a total carrying amount of HK$320 million and each for a term of three years. The Loans form part of the Group's first sustainable financing initiative, and demonstrate the Group's commitment to sustainability by linking the interest margins of the Loans to the Group's environmental, social and governance ("ESG") key performance indicators.

Looking ahead, with the regulatory changes in the interest rate cap and the threshold of extortionate rate under the Money Lenders Ordinance, the Group is presented with opportunities to leverage its strong capital base to pursue business expansion and to acquire asset portfolios from competitors in the coming year.

In response to the evolving consumer finance behaviour in the wake of the Pandemic, the Group will continue to offer enhanced digital experiences and create more "value" for online purchases by offering cash rebates. It will also revamp its branch network to meet the needs of customers who seek face-to-face advisory services. Following the completion of upgrades to the card and loan systems and the launch of new mobile applications and a net-member platform; new services and rewards, including mobile wallets and virtual card solutions, will be continuously offered in the coming year to manage market changes and new customer needs.

As both the US Federal Funds Rate and the Hong Kong Prime Rate are expected to remain high in 2023/24, the Group will expand its other sources of revenue, namely fee income, to help mitigate the impact on net interest income from a declining interest spread. For the card acquiring business, the Group will upgrade its acquiring system platform and work with other payment solution providers to extend the merchant network and to add in new services. Regarding the insurance agency business, the Group will expand its direct sales team and explore new insurance products to meet the needs of its customers.

In terms of technology development, with the completion of the card and loan system replacement project, the Group can promote new product benefits by enhancing digital marketing and providing premium user experiences or new payment solutions to its customers. Moreover, the effectiveness of the Group's marketing, credit assessment and credit management activities are expected to improve with the support of data analytics tools.

Mr. Tomoharu Fukayama, Managing Director of AEON Credit, said, "The Group is pleased to have achieved robust growth over the past year through the implementation of timely initiatives that have capitalised on the improving market sentiment. While it is difficult to predict the time frame for a full economic recovery, with the Group's responsiveness and strong business relations with its partners, as well as its solid liquidity position and balance sheet, we remain confident in our future growth prospects and look forward to performing satisfactorily in the coming year."

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

Copyright 2023 ACN Newswire. All rights reserved.

Yeahka Announces 2022 Annual Results

HONG KONG, Mar 27, 2023 – (ACN Newswire) – Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923.HK), a leading payment-based technology platform in China, is pleased to announce the annual results for the twelve months ended 31 December 2022 (the "year" or "2022").

Financial Highlights
— Total revenue reached RMB3,418.0 million, representing a year-over-year (YoY) increase of 11.8%;
— Gross profit rose 26.6% YoY to RMB1,030.9 million, while gross profit margin increased 3.6 p.p. to 30.2%;
— Adjusted EBITDA amounted to RMB213.4 million, an increase of 73.0% YoY;
— The gross profit margin of in-store e-commerce services improved from 35.9% in 2021 to 67.3% in 2022;
— Net loss of in-store e-commerce services significantly narrowed to RMB51.9 million in the second half of 2022, a decrease of 67.4% from the first half of 2022.

Operational Highlights
Number of merchants and fee rate of one-stop payment services continued to grow:
— Total gross payment value ("GPV") of payment services reached RMB2.23 trillion, up 5.1% YoY;
— The number of active payment service merchants reached a historical high of 8.1 million, an increase of 11.4% YoY;
— Fee rate increased to 12.3 basis points (bps) in 2022 from 10.7 bps in 2021, trending upward (first half of 2022: 12.0bps; second half of 2022: 12.7bps);
— The peak daily count of app-based payment transactions reached over 50 million, hitting a record high;
— Number of independent sales agents in nationwide channel network reached nearly 18,000;
— In January and February of 2023, the year-on-year growth rate of our GPV was 9.8% and 34.1%, respectively;
— Official guidance of GPV in 2023: RMB2.7 trillion ~ RMB2.9 trillion.

In-store e-commerce services grew rapidly and achieved significant results:
— Total gross merchandise value ("GMV") reached over RMB3.3 billion, up 7.3 times YoY;
— Total number of orders reached nearly 37 million, increasing by 3.1 times YoY;
— Stock keep units (SKU) reached over 400,000, up 1.5 times YoY.

Mr. Luke Liu, Chairman of the Board and Chief Executive Officer, said, "2022 was an unusual year, but our business continued to grow at a healthy rate and delivered strong financial results thanks to our broad geographic coverage and the strong synergies within our commercial digitalized ecosystem. Notably, our payment business saw an increase of both GPV and fee rate, and our in-store e-commerce business contributed significant revenue and gross profit and while drastically reducing its loss on monthly basis. "

Mr. Ben Zhao, Board Secretary and General Manager of Corporate Development explained, "For payment, we continued to diversify ISO base, expanded our joint merchant acquiring services with banks, and launched various DC/EP pilot programs. Our payment platform is becoming increasingly inclusive and robust, and we have begun to upgrade our clientele strategy to include mid-to-large sized customers and vertical brand leaders. "

"For in-store e-commerce, we grew GMV over 7 times, and have upgraded to multi-layer market strategies including self-operated sites and co-op sites that helped us to reduce our BD costs while expanding our geographic coverage. We optimized our organizational structure and developed technology-empowered services such as KOL-matching, live-streaming optimization and ads deployment for our co-op partners. Jointly, we have created a merchant alliance that shares merchant resources, and offers Yeahka's digital empowerment tools and additional cross-selling solutions such as payments and SaaS offerings."

Mr. Luke Liu concluded, "Today, our scalable ecosystem has shown its ability to create a virtuous cycle among the payment, in-store e-commerce, and merchant solutions segments. The merchant base and consumer insights we accumulated over the years directly led to the prosperity of our merchant solutions and in-store e-commerce business, and they in turn enhanced loyalty and stickiness in our payment business, sometimes even bringing new merchants to the payment business. Because of our strategic direction, we have a healthy and sustainable business that will endure for a long time. In 2023, we will continue to focus on creating value for our merchants and providing a wide range of local lifestyle experiences to consumers, and create sustainable value for shareholders, employees, and society at large."

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.

Investor and media enquiry:
Yeahka Limited
IR team

Copyright 2023 ACN Newswire. All rights reserved.

Global Digital Payments Leader, Visa joins Dubai FinTech Summit as Co-host

DUBAI, Mar 21, 2023 – (ACN Newswire) – The Dubai FinTech Summit welcomes Visa as a co-host sponsor for the two-day event taking place on 8 and 9 May this year. Visa is a global leader in digital payments that is connecting the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive.

"FinTechs are propelling innovation in the payments industry which is helping expand access to quality, affordable financial services, and innovative payment solutions. At Visa, we are empowering FinTechs to help grow the digital economy for the benefit of consumers and businesses in the region. Our partnership with DIFC's Dubai FinTech Summit provides us and our industry partners the platform to explore how we can continue to collectively bring innovations in digital commerce that uplift everyone, everywhere," said Dr. Saeeda Jaffar, Visa's Senior Vice President and Group Country Manager for GCC region.

According to Visa, 4 in 5 consumers surveyed in the UAE would switch merchants based on the payment methods offered, with most preferring digital payments over cash.

Dr. Jaffar added, "The unprecedented digitisation during the pandemic has changed consumer expectations. This shift is prompting businesses to respond quickly, and FinTechs are helping develop the solutions businesses need to be competitive in our digital-first world. At Visa, we remain committed to growing digital commerce by providing FinTechs with access to our experts and technology through initiatives such as the Fast Track program so they can more easily create solutions for businesses to offer their customers faster, more secure ways to pay and to manage their expenses and get working capital. We are also working with FinTech leaders to embed finance across key categories such as digital wallets and "Buy Now, Pay Later", which are both increasingly popular with consumers."

Currently home to 60 per cent of all FinTech companies based in the GCC, Dubai and DIFC is being recognised as a global centre for innovation, with its unique ecosystem and comprehensive approach to business, driving not only the future of finance but increasingly the future economy.

Mohammad Alblooshi, Head of DIFC Innovation Hub and FinTech Hive said, "Organised by DIFC, the leading international financial hub in the (MEASA) region, the Summit will bring together 5,000 global FinTech and technology experts and will provide the perfect environment for connecting start-ups, investors and industry leaders tapping into this opportunity as they advance in the region and beyond."

The Dubai FinTech Summit will take place at Madinat Jumeirah in Dubai. Visitors can now purchase tickets ( for the Dubai FinTech Summit, with early bird prices available till 15 April 2023.

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with an approximate population of 3 billion and an estimated GDP of USD 8 trillion.

With a close to 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe and the Americas through Dubai.

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of over 36,000 professionals working across over 4,300 active registered companies — making up the largest and most diverse pool of industry talent in the region.

The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations.

For further information, please visit our website:, or follow us on LinkedIn and Twitter @DIFC.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement.

Learn more at About Visa, and @Visamiddleeast.

About Trescon

Trescon is the world's fastest-growing business-to-business events, training, marketing and consulting company primarily focused on the adoption of sustainability, inclusive leadership and emerging technologies like artificial intelligence, blockchain, metaverse, cloud, fintech, data analytics and cyber security.

Our summits, conferences, and expos create real economic impact by connecting and empowering the key ecosystem of government organizations, regulators, policymakers, private sector companies, solution providers, startups, investors, accelerators, advisors, consultants, associations, academia and more.

Thought leadership, knowledge exchange, brand positioning, business expansion, market penetration, lead generation, finding solutions & services, capital raising, capacity building, training and networking are among the key objectives of our stakeholders.

With the help of our 250+ employees across offices in 6 countries, several of our clients have quadrupled their leads, shortened sales cycles by half or less, entered markets three times faster, closed deals within unimaginable timelines and grown their businesses ultimately.

Whether you are an organization or an individual, Trescon has something to offer you.

For further details about the announcement, please contact:
Nupur Aswani
Head, Media, PR and Corporate Communications, Trescon
+91 95559 15156 |

For further information : please visit –

Copyright 2023 ACN Newswire. All rights reserved.

Collections & Recovery Summit: India’s Very First Collection-Focussed Conference & Exhibition

MUMBAI, Mar 17, 2023 – (ACN Newswire) – Team the Future Event organized India’s first Collection-focused conference & Exhibition: Collections & Recovery Summit- India, on 23rd & 24th February, 2023 at the Taj President Hotel, Mumbai. This networking event was aimed to bring together India’s top industry experts to discuss the latest technology and digital transformation strategies to overcome challenges and empower organizations to be future ready with strengthened operations, increased productivity and improved customer experience in the Debt & Loan Collections, Subscriptions & Renewals and Credit Processes.

With 500+ handpicked attendees, this conference was sponsored by almost 20 industry leaders along with 20+ Media Partners! With Uniphore being the Platinum Sponsor and Clear Touch, Enterprise Tiger & GoCollect (Credility) joining as the Gold Partners, Credgenics was the official Collections Technology Partner. Some of the other key sponsors and solution providers that demonstrated their solutions are Ezetap by Razorpay, SingleDebt,,, Alohaa, UltraCash, Dista, CLXNS Technologies Pvt Ltd, Taurus Collection, Easy Recovery, Provakil, ILeads & Ikontel Solutions Pvt Ltd.

In the word of Uthaman Bakthikrishnan, Executive Vice President at ClearTouch, “Me & my colleague would like to thank the Future Event for organising such an event where it is very clear that each one of the attendees have been hand-picked since whoever is here, is really interested & genuine with their questions. It is a lot more exciting because this is the very first Collection-focussed event in India!”

The Collection and Recovery Summit- India featured an array of keynote speakers and panel discussions, providing attendees with valuable insights and knowledge on topics such as debt collection, credit management, bankruptcy, and financial recovery. Some of the key topics that were covered during the 2-day summit were:

  • Weaving Collections and Recovery into Business Strategy
  • Maintaining a Positive Customer Experience During Collections
  • The Importance of “self-service” platforms
  • Managing Multichannel Debt Collection Model
  • Decoding the Scope, Scale and Challenges of the BNPL
  • Understand consumer sentiment and preferred channels
  • Rise of ECommerce Subscriptions
  • Customer communication and engagement

“We were excited to bring together the best and brightest minds in the debt collection and credit management industry for the Collection and Recovery Summit India,” said a representative of the event organizer. “This summit was an opportunity for professionals across the industry to share their expertise, learn from one another, and explore the latest trends and innovations that are shaping our industry.”

While 45+ expert speakers took the stage to discuss & provide their insights on the latest strategies, innovations, and challenges in the industry, the 100+ pre-scheduled meetings provided the attendees with ample networking opportunities to connect with peers, industry experts, and solution providers. This allowed them to gain new insights and perspectives, as well as build new partnerships and collaborations that can help them improve their practices and achieve better outcomes. Apart from this, the summit was also attended by 40+ solution providers and 15+ exclusive exhibitors.

When Harish B. Parmar, Founder at SingleDebt, a Silver Sponsor for the event, was asked about how SingleDebt was different from traditional collection companies, he said, “What we do we actually represent the creditor and also most importantly the debtor. In this case the debtor comes to us with their issues and we find a payment plan that will help them repay back the debt. Because most of the debtors won’t have 1 creditor but will have five or six creditors and they will be struggling to pay all of them. Because they are struggling to pay all of them and these creditors are chasing them, we work out an affordable payment plan that they can afford to pay all the five creditors. That’s how we are different than the traditional lending companies.”

The Collection and Recovery Summit India is a leading event in the debt collection and credit management industry, bringing together professionals from across the sector to discuss the latest trends, innovations, and challenges in the field. The summit provides attendees with valuable insights and networking opportunities. The Collections & Recovery Summit- India was the debut conference & exhibition of the chain of summits that will be organised by team The Future Event all across the globe. For more information on the upcoming events, visit:

Jamal Alturaby
The Future Event Media & Productions
Phone: +91 888 4144 691

Copyright 2023 ACN Newswire. All rights reserved.

Yeahka Limited to Report 2022 Annual Results Announcement on Monday, March 27, 2023

HONG KONG, Mar 15, 2023 – (ACN Newswire) – Yeahka Limited ("Yeahka" or the "Company", stock code: 9923.HK), a leading payment-based technology platform in China, today announced that it will report its audited consolidated results for the year ended December 31, 2022.

Mobile Registration QR Code

The Company's management will host an earnings conference call on March 27, 2023 at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time).

Participation Method
1) Please register by clicking the following registration link or use mobile phone to scan the registration QR code.
2) Registered participants will be directed to the link with dial-in numbers and personal PIN code or receive the information via the registered email. (For better call quality, mainland China participants are encouraged to use this method.)
3) Participants can also join the call by using the "Call Me" function and choose the country code and enter their phone numbers then click "Call Me". This function is not currently available in mainland China.
4) Kindly register at least one working day before the event.
5) Please dial in 15 minutes before the call is scheduled to begin and provide the personal PIN to join the call.

Registration Link

About YEAHKA LIMITED (9923.HK) A replay of the conference call will be accessible approximately four hours after the conclusion of the live call, by following replay link:

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.

For more information, please visit

For investor and media inquiries, please contact:

Yeahka Limited
IR team

Copyright 2023 ACN Newswire. All rights reserved.