Visa Singapore Innovation Center ushers in a new era of payments
Visa unveils its revamped Singapore Innovation Center,advancing its global strategy to pioneer smarter payments through collaboration with Asia Pacific partners
SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Visa, a world leader in payments, today announced the opening of its transformed Singapore Innovation Center, a dedicated space for partners, clients and businesses in Asia Pacific. As the payments…
Chinese Brands Go Global: Amazon Web Services Leads the Charge in Shaping Global Expansion Success Stories
BEIJING, Feb. 22, 2024 /PRNewswire/ -- The goal of corporate globalization is building a brand with global recognition. Since the economic reforms of 1978, Chinese companies have embarked on this journey. After years of development, Chinese brands like TCL and Pop Mart have succeeded in their industries by exporting Chinese brands and gaining world recognition. They integrated high-quality…
Trends shaping Southeast Asia’s insurance landscape in 2024
Southeast Asia's insurance sector is experiencing a seismic shift as it adapts to meet the evolving needs of consumers and navigates an increasingly competitive landscape. Historically constrained by complexities, legacy systems, and regulatory hurdles, the industry is now undergoing rapid modernization. Driving this transformation are insurtech companies, revolutionizing traditional practices…
TikTok still violates Indonesian in-app transactions ban, says minister – report
Chinese short video app TikTok is still violating Indonesia's rule that bans in-app transactions, a cabinet minister said, Reuters reported on Tuesday.
Teten Masduki, the Indonesian minister for small and medium enterprises (SMEs), who spoke frequently against TikTok Shop prior to last year's ban, told reporters that TikTok still had not complied with the regulation.
"The trade minister has…
TerraPay appoints Ruben Salazar Genovez, former Head of Visa Direct, as President
LONDON, Feb. 20, 2024 /PRNewswire/ -- TerraPay, a global money movement company, is pleased to announce the appointment of Ruben Salazar Genovez, recently the Global Head of Visa Direct, as President.
Ruben Salazar Genovez, TerraPay
As a seasoned veteran of the payments industry with experience at Visa, Citibank, Barclays and Mastercard, Mr Salazar Genovez has established himself as a…
GoTo denies merger talks with Grab – report
Indonesia-based ride-hailing firm GoTo said on Tuesday that it was not in any discussion with its rival Grab Holdings, which also offers similar ride-hailing services across Southeast Asia, about a potential merger.
"Currently, the company is not having any discussion on such matters," GoTo said in a filing, on Tuesday, according to Reuters' report.
The news came after Bloomberg reported…
How technology impacts the trucking industry
The trucking sector facilitates the efficient transfer of commodities, maintaining supply chain efficiency. Recent technological advancements have altered the landscape by offering solutions that make a range of logistics, distribution, and transportation-related tasks simpler.
Technology is revolutionizing the trucking industry with applications that improve navigation and communication. This…
ContextLogic sells assets to Qoo10 for $173M
American online e-commerce platform ContextLogic Inc. has on Monday announced that it has sold its assets to Singapore-based e-commerce platform Qoo10 for approximately $173 million in cash.
ContextLogic said in a statement that its Board of Directors has unanimously approved an agreement to sell substantially all of its operating assets and liabilities, principally comprising its Wish…
ESR Successfully Launches Korea’s First Open-ended Logistics Core Fund
Creation of new flagship logistics core fund amid a challenging market reinforces ESR's best-in-class track record in Korea
HONG KONG, Feb. 14, 2024 /PRNewswire/ -- ESR Group Limited ("ESR" or the "Company", together with its subsidiaries, the "Group"; SEHK Stock Code: 1821), APAC's largest real asset manager powered by the New Economy, today announced that its South Korean platform, ESR Kendall…
AliExpress Order Volume Surges 60%, Driven by Choice
SINGAPORE, Feb. 8, 2024 /PRNewswire/ -- AliExpress order volume has increased by 60% year-over-year, according to the financial results announced by Alibaba Group Holding Limited ("Alibaba Group") for the quarter ended December 31, 2023. This strong performance contributed to a 44% year-over-year growth in Alibaba International Digital Commerce Group's revenue, exceeding market expectations for…