Trintech’s Cadency V10.3 for SAP ERP Achieves SAP(R) Certified Integration with SAP NetWeaver(R)

DALLAS, TX, Feb 24, 2023 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions, today announced that its Cadency V10.3 for SAP ERP solution has achieved SAP-certified integration with the SAP NetWeaver(R) technology platform. Bi-directional in nature, Cadency reduces the cost, time, and risk of data integration with SAP, by automatically retrieving the data required for the reconciliation and close processes, as well as directly validating and posting journal entries in real-time.

"We are thrilled to announce the renewed certification of our Cadency V10.3 for SAP ERP as integrated with SAP NetWeaver," said Michael Ross, Chief Product and Technology Officer at Trintech. "This integration brings enhanced control, automation and data integrity to finance and accounting departments around the world, while also helping to ensure that data flowing to and from their SAP solutions is as seamless as possible."

The SAP Integration and Certification Center (SAP ICC) has certified that the integration software for the product Trintech's Cadency V10.3 for SAP ERP solution integrates with SAP NetWeaver, bringing elevated visibility and control to hundreds of finance and accounting departments around the world. Furthermore, it eliminates the need to develop custom code, making the integration between SAP and Cadency less expensive, quicker, and more efficient. This capability also reduces the dependency on internal IT maintenance services, as the certification helps ensure that all appropriate data is integrated into Cadency.

Trintech has hundreds of customers, such as HP, Boston Scientific, and Serco, running SAP solutions alongside its enterprise platform, Cadency. For example, Serco is running 5,000 balance sheet reconciliations through Cadency on a monthly basis. In addition, it is auto-reconciling 15,000 accounts, saving it 500 hours per month. To gain even further efficiencies, Serco also utilizes Trintech's SAP connector.

"This connector automatically interfaces data flows from our SAP instance into Cadency so our team can begin analyzing it within minutes. Having the direct interface from SAP also gives confidence in the data matching between the two systems," said Paul Adams, Head of New Business and R2R at Serco. From a reporting perspective, Serco's leadership team also now has full visibility into a reporting dashboard that allows them to drill-down into any account and identify risk on the balance sheet.

To learn more on how Trintech can help maximize your investment and close faster each month, please contact us here. https://www.trintech.com/book-a-demo/

About Trintech

Trintech Inc., a pioneer of financial corporate performance management software, combines technical and financial expertise to create innovative, cloud-based software solutions that deliver world-class financial operations and insights. From high volume transaction matching and streamlining daily operational reconciliations, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, disclosure reporting and bank fee analysis, to governance, risk and compliance – Trintech's portfolio of financial solutions, including Cadency(R) Platform, Adra(R) Suite, and targeted tools, ReconNET(TM), T-Recs(R), and UPCS(R), help manage all aspects of the financial close process. Trintech's excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently "Easiest to Do Business With" and "Fastest Implementation" in G2's Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on the company's cloud-based software to continuously improve the efficiency, reliability, and strategic insights of their financial operations.

Headquartered in Dallas, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordic countries, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook and Twitter.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Trintech Announces New Chief Revenue Officer

DALLAS, TX, Feb 22, 2023 – (ACN Newswire) – Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced the appointment of Piotr Marczewski as Chief Revenue Officer (CRO) of Trintech. Marczewski will be responsible for driving integration and alignment between revenue-related functions across all global distribution channels for Trintech.

"I am thrilled to welcome Piotr as Trintech's new CRO who has a proven track record of scaling and overseeing successful sales organizations and ensuring a best-in-class customer experience," said Darren Heffernan, President & Chief Operating Officer of Trintech. "As we continue to grow the business and drive our core strategy of helping organizations of all sizes simplify and transform their reconciliation and financial close processes, Piotr will have an integral part in leading our ongoing success."

Marczewski brings over two decades of experience in driving customer impact, transformation, and revenue acceleration in Software as a Service (SaaS), Information and News businesses, serving professional markets in the US and internationally. Prior to joining Trintech, Marczewski served as SVP Americas at Cision Inc, and as Chief Operating Officer at Underline Science Inc. Before that, he worked at Thomson Reuters in various senior roles, including President Corporates Customer Market. Piotr worked closely with customers, delivering commercial outcomes, developing new markets, and expanding company's customer bases, content, and platforms. Marczewski received a Master of Science Degree in International Economics from SGH Warsaw School of Economics. He also studied at Bocconi University in Milan (Italy) and holds a Community of European Management Schools (CEMS) Master's Degree in International Management.

"I am excited to be joining the team as Trintech's new CRO and I'm looking forward to accelerating our global growth and customer success," said Piotr Marczewski, Chief Revenue Officer of Trintech. "Trintech's solutions, and its collaborative, customer-centric approach, sets it apart from others in this space who employ a "one-size-fits-all" strategy to tackle the complex challenges of financial close automation. This is evident by the marquee brands (majority of the Fortune 100 companies) who have already partnered with Trintech to transform their processes. As Trintech embarks on its next phase of growth, I am excited to help Trintech further its reputation as a trusted partner for the Office of Finance globally."

About Trintech

Trintech, a leading global provider of cloud-based, integrated reconciliation and financial close solutions for Finance & Accounting departments. From high volume transaction matching, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, close management tasks, to governance, risk and compliance – Trintech's portfolio of financial solutions, including its Cadency(R) Platform (for large enterprises) and Adra(R) Suite (for mid-market organizations), help manage all aspects of the reconciliation and financial close processes. Trintech's excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently "Easiest to Do Business With" and "Fastest Implementation" in G2's Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on Trintech's solutions to enable their F&A operation to become a strategic partner to the business by controlling risk, driving efficiencies, and providing strategic insights.

Headquartered in Plano, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordics, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook, Twitter and Instagram.

Media Contact:
Kelli Shoevlin
Sr. Manager, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech, Inc.

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

Dennis Nguyen, Founder/Chairman/CEO of Nasdaq-listed Society Pass Inc (Nasdaq: SOPA) to Speak at NXT CX Summit Indonesia in Jakarta

SINGAPORE, Feb 20, 2023 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that company founder, chairman, and CEO Dennis Nguyen has been invited to serve as the keynote speaker at the 8th NXT CX Summit Indonesia to be held on Wednesday, 22 February 2023. The title of the conference is "Holistic Approach to Indonesia's Customer Transformation."

Mr. Nguyen is the Founder, Chairman and CEO of SoPa. He has been an investment banker and venture capitalist with more than 25 years of deal experience in the SEA, Greater China, US, EU, Korea and Middle East markets. He founded Society Pass in 2018 and led the company to its historical initial public offering on Nasdaq in November 2021, being the first Vietnam-based company to complete a traditional IPO outside of Vietnam. SoPa aims to transform the entire retail value chain towards a more digital future in SEA with SoPa's first-in-class loyalty, fintech and e-commerce ecosystem.

During the conference, Mr. Nguyen will talk about "Society Pass: Building the Next Generation Digital Ecosystem in Southeast Asia" at 10:45 am on Wednesday, 22 Feb 2023.

Event details:
Event: 8th NXT CX Summit Indonesia https://www.nxtcxsea.com/
Date: Wednesday, 22nd February 2023
Location: Hotel Indonesia Kempinski, Jakarta, Indonesia (In-person Conference)

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, 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.

SoPa 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, digital advertising platform; 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; Handycart.vn, a leading online restaurant delivery service based in Vietnam; Mangan.ph, a leading local restaurant delivery service in Philippines and Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:
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 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

16th Edition of Digital Transformation Summit: India

BANGALORE, INDIA, Feb 20, 2023 – (ACN Newswire) – The digital experience in India is set to take a major leap forward with IT Summit, Organized by Exito Media Concepts.

The 16th Edition of Digital Transformation Summit India is taking place on 2nd of March 2023. The summit will bring together senior government representatives, thought leaders, and leading industry experts to share their knowledge and experience on the latest technologies and trends shaping the industry.

The Summit is being held under the theme 'Advancing Innovation in Digital India' and will underline the need for innovation and performance for the world to look at India as the next technology hub.

Attendees will have the opportunity to learn from keynote speakers, participate in panel discussions, and network with other industry professionals.

The event will highlight the various emerging technologies like 5G, Metaverse, Web 3.0 and others helping in transforming organizations into digital businesses, providing customers with a digital experience and incorporating a culture of information security within the organization. It will also feature an exhibition area where companies can showcase their latest products and services.

The 16th Edition Digital Transformation Leadership Awards will recognize exceptional individuals and organisations in their pursuit of excellence. The awards will celebrate the innovative, resilient and sustainable strategies for the adoption of cutting-edge technologies in Digital India.

VIP speakers joining the conference are:

– Ajay Gupta, Mentor | Advisor, StartUp India
– Suresh M Khadakbhavi, Asst Vice President- Innovation Lab, Bangalore International Airport Limited
– Krishna Sai Tanneru, Vice President – IT, Biocon
– Raghuraman Ramamoorthy, Vice President – IT, Mercedes- Benz Research & Development India
– Mohan Rao Goli, Corporate Vice President & Chief Technology Officer, Samsung Research Institute India
– Cdr Praveen Kumar, Group CISO, Zee Entertainment Enterprises Limited
– Vishesh Kaul, CIO & CDO, Prestige Group
– Shweta Kaushik, Vice President- Technology, Mercedes-Benz Research and Development India
– Sanchita Basu, Director Global IT – Global Delivery Site Leader, Baxter Healthcare India

"This timely event, now in its 16th Edition, held in the Silicon Valley of India is the definitive platform for discussions from influential industry speakers on cutting-edge topics shaping the future of technology in one of the fastest growing digitized economies," said Rishikesh Shetty, CEO, Exito Media Concepts, the organizer of the event.

The summit is expected to attract hundreds of attendees from across Bangalore, India and the region, making it a must-attend event for experts in the technology domain.

For more information and to register for the event, Visit:
https://digitransformationsummit.com/bangalore/
Contact: Mithun Gopinath,
Manager-Projects,
Exito Media Concepts,
mithun.gopinath@exito-e.com

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

17th Edition of BFSI IT Summit: Indonesia

JAKARTA, Feb 20, 2023 – (ACN Newswire) – The BFSI industry in Indonesia is set to take a major leap forward with IT Summit, Organized by Exito Media Concepts.

The Summit is supported by Indonesia Blockchain Society and KADIN Indonesia. The 17th Edition of BFSI IT Summit Indonesia is taking place on the 10th of March 2023. The summit will bring together senior government representatives, thought leaders, and leading industry experts to share their knowledge and experience on the latest technologies and trends shaping the BFSI industry.

Attendees will have the opportunity to learn from keynote speakers, participate in panel discussions, and network with other industry professionals.

The summit will cover a wide range of topics, including Central Bank Digital Currency in Indonesia, Banking 3.0, Digital Payments Transformation from Cash to E-Money, Integrating cloud & AI to empower Digital transformation, Blockchain, FinTech, Data privacy and Protection in the Digital Era. It will also feature an exhibition area where companies can showcase their latest products and services.

VIP speakers joining the conference are:

– Raine Renaldi, Chief of Economy and Digital Asset Committee, Indonesian Chamber of Commerce and Industry (KADIN)
– Edisono Limin, Executive Director, Country Head Of Channels And Digitalisation, UOB
– James Rex Elwes, Operations And IT Director / Chief Operating Officer, PT Bank HSBC Indonesia
– Sonny Supriyadi, Head, Pricing and Data Analytics, Maybank Indonesia
– Yoanna Darwin, Director, Country Head of Treasury Trade Solutions, Citi Bank
– Edwin Sugianto, COO & CMO, PT Mandiri AXA General Insurance
– Gede Putra Arsana, Senior Financial Sector Specialist, World Bank
– Umi Kawiryani Tjiptoningsih, Digital Strategy, Innovation And Customer Experience Department Head, Bank Syariah Indonesia
– Ivan Irawan, Director Of Information Technology, Credit Bureau Indonesia

"We are excited to bring this significant event to Jakarta, serving as a valuable platform for industry leaders to collaborate and share their expertise on the future of BFSI in Indonesia," said Rishikesh Shetty, CEO, Exito Media Concepts, the organizer of the event.

The summit is expected to attract hundreds of attendees from across the country and the region, making it a must-attend event for everyone in the BFSI industry.

For more information and to register for the event, Visit: https://bfsiitsummit.com/indonesia/

Contact: Mithun Gopinath,
Manager-Projects,
Exito Media Concepts,
mithun.gopinath@exito-e.com

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

NusaTrip/Society Pass Inc. (SOPA) Becomes Indonesia’s Fast Train Preferred Online Ticket Sales Partner

JAKARTA, Feb 8, 2023 – (ACN Newswire) – NusaTrip, Indonesia's first IATA-certified online travel agency (OTA) and the travel vertical of Society Pass Incorporated (Nasdaq:SOPA), formally announces the signing of a Memorandum of Understanding (MoU) with PT. Kereta Cepat Indonesia-China (KCIC) as a preferred online ticket sales partner for Kereta Cepat Jakarta-Bandung (KCJB), the first fast train service between Jakarta and Bandung in Indonesia.

Established to develop mass transportation infrastructure for Indonesia's railroad system, PT KCIC is currently the owner of the Jakarta-Bandung Fast Train project. NusaTrip is one of the 20 selected partners by KCIC, from private to state-owned companies and its affiliates. The MoU formalises partnerships covering various aspects of KCJB services starting from ticket sales, to payment systems, to area development and accessibility, to integration of transportation modes, and to application of renewable energy.

The President Director of KCIC, Dwiyana Slamet Riyadi, stated that this collaboration was part of KCJB's primary operational preparation in order to provide the best quality service and positive impacts for the community. "We are committed to continuously create positive impacts for the society and the country. Therefore, we continuously explore and establish the potentials for development. We are open to collaborate with various parties, from both state-owned enterprises and private companies who wish to mutually optimize the presence of KCJB," said Dwiyana.

Desty Arlaini, Assistant Deputy for Services and Logistics, reaffirmed this claim by saying that the government has been supporting of the fast train project's acceleration and KCIC's emphasis on operational readiness, that is in line with the Ministry of Maritime Affairs and Investment.

"Nusatrip and Society Pass are committed to collaborate and support the government's efforts in the acceleration of economic recovery and for tourism industry in Indonesia," said Johanes Chang, CEO of NusaTrip, and Patrick Soetanto, Country Manager of Society Pass.

About NusaTrip

Founded in 2013, NusaTrip is an IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. NusaTrip is a member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

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, 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.

SoPa 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, digital advertising platform; 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; Handycart.vn, a leading online restaurant delivery service based in Vietnam; Mangan.ph, a leading local restaurant delivery service in Philippines and Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:
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:
Rosa Milyarna – NusaTrip Indonesia
Rosa@nusatrip.com

NusaTrip/ Society Pass ID PR Representatives
Elisabeth ( elisabeth.winiartati@gmail.com | +62813375150220)
Angga ( anggahadi@gmail.com | +6281213858388)

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

Investment is Valued and Rewarded in Nigeria says NITDA DG Kashifu Inuwa

ABUJA, NG, Feb 4, 2023 – (ACN Newswire) – The Director General, NITDA (National Information Technology Development Agency), Kashifu Inuwa has called on international investors to invest in the Nigerian tech ecosystem because doing so is valued and comes with many rewards. Speaking on the "Evolution of the Nigerian Tech Ecosystem" to the Ludwig von Bayern Startup Lions, Inuwa said there are four comparative advantages you won't find anywhere but in Nigeria.

Firstly, Inuwa suggested that Nigeria's large population and its emerging economic status positioned as a suitable investment destination in Africa. "Nigeria alone has 15% of the population and the GDP, so investing in Nigeria is like investing in Africa. Moreover, it is emerging because if you look at the tech-ecosystem, Nigeria attracts 30% of African FDI. Last year alone, the country attracted more than USD 2 billion."

Secondly, Inuwa suggested that the level of support the government now gives to the tech ecosystem is unparalleled in the history of the country. He said the government has been supporting innovation and startup. There are many interventions in terms of policies, laws and infrastructure to help businesses to grow.

"In 2019, the President expanded the mandates of our ministry to cover digital economy. Before, it was just ministry of Communications but realizing that communication is not an end, but a means to an end, while the end is how we can use technology for economic prosperity."

He recalled the Nigerian Startup Act, the Executive Order on the Ease of Doing Business, which includes incentives like visa on arrival and business incorporation under 24 hours, each aimed at transforming the economy.

"Thirdly, we have youthful and talented population which you won't find elsewhere in the world. While the developed countries are suffering from aging population, we have one of the youngest populations in the world," he observed.

"Finally, any investment has high potential for social and economic impacts, and helps the country solve its many challenges. We have challenges that require innovative solutions; we have challenges around healthcare, financial inclusion, education, transportation, and logistics. And you all know: IT or technology can provide faster solutions for us to solve all these problems.

"So, come to Nigeria and invest. You will easily feel our comparative advantages," concluded Inuwa.

While urging investors to look the way of Nigeria, Inuwa invited them to grace the Africa Tech Conference that comes up in July 2023.

NITDA, National Information Technology Development Agency, NIGERIA.
More information: https://nitda.gov.ng, Mail to: info@nitda.gov.ng.

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

Society Pass (Nasdaq: SOPA) Engages ThinkEquity to Facilitate Stock Repurchase Program of Up to US$2 Million Commencing on 01 February 2023

SINGAPORE, Feb 1, 2023 – (ACN Newswire) – Society Pass Incorporated ("SoPa") (Nasdaq: SOPA), Southeast Asia's (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that its Board of Directors has approved a stock repurchase program authorising the repurchase of up to US$2 million of its common stock, commencing on 01 February 2023.

Dennis Nguyen, Founder, Chairman and Chief Executive Officer, comments, "We are pleased to announce the approval of this share repurchase program, providing us with a significant tool to generate shareholder value. As of 31 December 2022, SoPa has approximately US$19 mn of cash and zero long-term debt. Given our closing stock price of $1.11 on 31 January 2023, our current undervalued market capitalisation presents an extremely attractive opportunity to buy our common shares at a significant discount to their intrinsic value. Our well capitalised cash position, which translates into approximately $0.70 per share, and strong revenue generation allow SoPa to build out our next generation fintech and e-commerce ecosystem in SEA through paradigm shifting acquisitions and fund this stock repurchase program."

The Company engaged ThinkEquity LLC to purchase shares of the Company's common stock from time to time in the open market at prevailing market prices, in privately negotiated transactions or other means in compliance with applicable federal securities laws. The timing and amount of stock repurchases under the program, if any, will be at the discretion of management, and will depend on a variety of factors, including price, available cash, general business and market conditions and other investment opportunities. Any shares acquired will be available for general corporate purposes. Information regarding share repurchases will be available in the Company's periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission or as otherwise required by applicable federal securities laws. The Company had approximately 26.6 million shares outstanding as of 20 January 2023.

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, 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.

SoPa 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, digital advertising platform; 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; Handycart.vn, a leading online restaurant delivery service based in Vietnam; Mangan.ph, a leading local restaurant delivery service in Philippines and Pushkart.ph, a popular grocery delivery company in Philippines.

For more information on Society Pass, please visit:
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

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Truescope Acquires US Firm Universal Information Services

SYDNEY, AU, Feb 1, 2023 – (ACN Newswire) – Australian media intelligence company, Truescope, has strengthened its position in North America by acquiring leading agency, Universal Information Services (UIS).

Todd Murphy, Truescope President, North America & John Croll, Truescope Co-founder and CEO

Founded in 2019 and now operating in Singapore, New Zealand, and North America, Truescope is experiencing rapid growth in all markets – a commercial response to the company's advanced SaaS platform, product innovation and experienced people. The acquisition of UIS will immediately welcome many hundreds of clients to the Truescope solution, with the integration of services presently underway.

UIS is led by industry authority, Todd Murphy based in Omaha, Nebraska. The competitive media intelligence agency has a rich heritage and proud reputation for its service-first approach, and as a trusted partner to businesses and communication professionals across the United States.

Truescope co-founder and CEO, John Croll, said the acquisition was a significant move to accelerate growth in the large US media intelligence market, which he believes has been underserved for some time and is ready to evolve through innovation.

"Truescope has been active in the US for almost a year and the response we have had to our platform has been overwhelmingly positive" he said. "Todd's leadership, the Universal team's decades long local expertise and loyal client base, coupled with Truescope's technology, will enable us to deliver a powerful and truly unparalleled service that will help better inform communications," said John.

Following the departure of Meg Crumbine in late 2022, Todd Murphy will take on the role of Truescope President, North America, effective immediately, with his first strategic priority being to oversee the UIS integration.

Todd is enthusiastic about the opportunities ahead for the new alliance saying, "John's vision and ability to build game-changing tech is the perfect alignment for the evolution of not only Universal's clients but the media intelligence industry, broadly. I'm thrilled to be leading the company and delivering a truly superior service never before seen," he said.

Migration of UIS clients to the Truescope platform is currently underway, with the merger of the UIS brand and business to Truescope to take place over the coming months.

For media information or to interview John Croll and/or Todd Murphy, contact:
Shelley Hammond | shelley@oneroofagency.com.au | +61 427 547 898

About Truescope
Truescope was founded in Australia to better inform communications. Our people and technology deliver real-time, actionable media intelligence and information to clients across Asia, New Zealand, and the United States. Visit www.truescope.com for more.

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FREED GROUP announces addition of Connexus Travel, Hong Kong’s first registered travel agent, to the FREED GROUP family

HONG KONG, Jan 31, 2023 – (ACN Newswire) – FREED GROUP ("FREED"), an award-winning digital and smart merchandising solutions company, has announced that its Co-founder & CEO, Mr. Abel Zhao, has acquired Connexus Travel Limited ("Connexus Travel", formerly Swire Travel), a leading regional travel management company headquartered in Hong Kong. After the acquisition, Connexus will now become part of the FREED GROUP family. As a technology pioneer in the digital commerce sector, FREED believes that Connexus Travel has an excellent competitive edge in the industry given its considerable standing and dedicated team. Leveraging FREED's DNA in the travel industry, the acquisition is set to create technological & strategic synergies that will further enhance Connexus' overall capabilities and drive long-term business growth.

(From Left to Right) Mr. Kenneth Lee, Co-founder & CPO of FREED GROUP, Mr. Eric Lau, General Manager of Connexus Travel, & Mr. Abel Zhao, Co-founder & CEO of FREED GROUP

Mr. Abel Zhao, Co-founder & CEO of FREED GROUP

Since its inception in 2015, FREED has been connecting platforms, brands, and service providers to their customers with enhanced digital capabilities through its proprietary SAAS solutions, as well as services like end-to-end artificial intelligence digital transformation, smart merchandising & smart marketing. FREED has over 250 dedicated professionals, from 22 different regions around the world including Greater China, South Korea, Canada, Sweden, Singapore, the United Arab Emirates, Nepal, the United Kingdom, Uzbekistan, and the United States of America, who combine their extensive experience and expertise in technology, tourism, commerce, hospitality, and other industries to operate in 10+ markets worldwide, serving 200+ high-profile clients and partners such as Samsung, China Mobile, China Life Insurance, City of Seoul (Smart City), The Private Office Of Sheikh Saeed bin Ahmed Al Maktoum, Google, FIFA World Cup, Match Hospitality, BMW and Hyundai Card.

Meanwhile, Connexus Travel Limited, established in 1948, was the first travel agent registered in Hong Kong and now operates in Hong Kong, Beijing and Shanghai, specializing in corporate, leisure and MICE travel, offering a full range of travel services and digital booking applications to support seamless journeys.

Mr. Abel Zhao, Co-founder & CEO of FREED GROUP, said, "We are very pleased with having Connexus Travel in our FREED family, as Connexus Travel is a name trusted by corporate, leisure and MICE travellers. We see tremendous growth potential for Connexus because of its long history of excellent services and the synergies that will be generated between Connexus and FREED. The positive outcomes we envisage include business opportunities spanning travel services, e-commerce, marketing services and brand loyalty programs, all of which will be underpinned by a comprehensive range of digitalized services and solutions. Ultimately, we anticipate Connexus Travel to follow in the footsteps of FREED GROUP and transform into a global brand."

Mr. Eric Lau, General Manager of Connexus Travel, said, "Connexus has been committed to providing quality services to customers for the past 70 years. This acquisition will accelerate the digital transformation of our products through new signature customer-facing travel applications, which will include the provision of new user experiences and efficiencies for our corporate travellers. At the same time, we will leverage our position as a market leader and the development plans with FREED to expand our services not only in Hong Kong and China, but also to the markets where FREED currently operates. We look forward to embarking on a new chapter of development with the support of FREED GROUP."

FREED GROUP's technology and services have been recognized globally in recent years, including the 2022 Technology Pioneer by World Economic Forum, the 2021 Deloitte Technology Rising Star, Grand winner of the 2021 United Nations UNWTO Global Start-up Competition and the 2018 APAC ICT Grand Award, among many others. In June 2022, FreeD Group raised USD$15 million in a new funding round led by Daiwa ACA APAC Growth Fund and ACA Partners Pte. Ltd..

About FREED GROUP
FREED GROUP is a technology innovator specializing in building proprietary Enterprise Application solutions. It pioneers the future of digital commerce by bringing the capability of multi-merchant, multi-platform networks onto one single backend system and database. With its end-to-end digital transformation and commerce empowerment solutions, FREED GROUP helps clients and partners from Fortune 500 corporations and brands to SMEs across regions to create new revenue streams, increase customer engagement and enhance servicing level.

Headquartered in Hong Kong, FREED GROUP operates in more than 10 offices globally with over 250 staff. FREED GROUP supports clients and partners worldwide, including major names such as Samsung, China Mobile, China Life Insurance, BMW and LG. It is the winner of the 2022 World Economic Forum Technology Pioneers, 2021 Deloitte Technology Rising Star Award and 2021 United Nations UNWTO Global Start-up Competition, among many others.

About Connexus Travel Limited
Established in 1948, Connexus Travel Limited, formerly known as Swire Travel, was the first travel agent registered in Hong Kong. Connexus Travel has offices in Hong Kong, Beijing and Shanghai, with a local licence in Beijing since 2009, serving corporate customers who demand excellence and high levels of travel services. The company provides a full range of travel services for domestic and foreign tourists, including flight and other travel ticket bookings, hotel reservations, travel tours and packages, and visa applications. After 70 years of excellent service, Connexus Travel has evolved into a leading regional travel management company, with a focus on customer service and technology for corporate, leisure and MICE travel. Connexus Travel has also met the international security standards in relation to managing personal data process and storage.

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