OCOIN (OCN), Cryptocurrency of ODYSSEY, Enters South Korean Exchange, FUNCoin
 
Feb 16, 2018
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SINGAPORE - 16 February 2018 - OCOIN (OCN), the cryptocurrency of ODYSSEY, has gone 'live' on South Korean exchange, FUNCoin, today, marking its successful entry into the South Korean market for the first time. This means that investors and traders alike are now able to trade across any country or region due to FUNCoin's global cryptocurrency trading platform.

FUNCoin is one of the few exchanges in South Korea that meets the KMC real-name certification system required by its government. This puts FUNCoin in the same league as exchanges such as Bithumb, Upbit, Coinone and Korbit. Just two weeks ago, ODYSSEY, the Singapore-based Foundation, behind OCOIN (OCN), announced that its official cryptocurrency got listed on six major cryptocurrency exchanges, Huobi Pro, Gate.IO, Bit-Z, Kucoin, Bjex and Cobinhood.

Launched two months ago, ODYSSEY has already become one of the most talked-about blockchain platforms within the sharing economy. It promises to build the next-generation decentralized sharing economy and Peer-to-Peer ecosystem. Currently, ODYSSEY is based on the Ethereum protocol, but it will also be collaborating with Qtum, leveraging on its interoperability to deliver a universal, seamless and open-source system to all users.

Sophie Guan, Project Lead of ODYSSEY, enthused, "We are ecstatic to be listed on FUNCoin. It opens up an additional yet authentic trading platform for all interested parties. South Korea is an important market to us and represents our commitment to operate and reach out to not only its citizens, but also to users across the globe. As one of the few exchanges to be awarded the KMC real-name certification system, we are confident that this will help safeguard and ensure a responsible code of conduct among traders."

About ODYSSEY

The ODYSSEY FOUNDATION is a not-for-profit organization that aims to build the next-generation decentralized sharing economy and Peer-to-Peer ecosystem. The foundation, subject to the laws of Singapore, is a legal entity that has no commercial interest in supporting or engaging in activities for public or private benefits. Members of the foundation shall not partake in any distribution of profits. Any "profits" shall be retained for the foundation for organization and execution of activities and events.

For more information, pleasevisitocoins.cc.

For media queries, please contact:

Angeline Tan
PR & Corporate Communications
Email: angeline.tan@ocoins.cc

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Guotai Junan International and CTICM Entered into Strategic Cooperation Agreement
 
Feb 12, 2018
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(8 February 2018, Hong Kong] Guotai Junan International Holdings Limited ("Guotai Junan International" or the "Company", Stock code: 1788.HK) announced that the Company has recently entered into a strategic cooperation agreement ("the Agreement") with CTI Capital Management Limited ("CTICM"), a wholly owned subsidiary of CITIC Trust Co., Ltd. ("CITIC Trust") in Hong Kong. Mr. Chen Yisong, Chairman of CITIC Trust, Mr. Zhang Hao, Chief Executive Officer of CTICM, Dr. Yim Fung, Chairman and CEO and Ms. Qi Haiying, Deputy CEO of Guotai Junan International attended the signing ceremony. The strategic cooperation will fully integrate the competitive advantages in respective fields for both parties and enhance the whole comprehensive strength to create a win-win situation.

According to the Agreement, leveraging on in-depth knowledge of overseas markets and rich experience and advantages in cross-border businesses, Guotai Junan International will provide diversified services and products for CTICM through bridge financing, return swap, structured notes and other means to meet their overseas investment and financing needs. At the same time, Guotai Junan International's strong research team can assist CTICM to focus attention on all types of projects that meet the investment requirements, including mezzanine, Mergers and Acquisitions loans (M&A loans), bonds, equity, convertible bonds and funds. CTICM will make full use of Guotai Junan International's pricing power and advantages in the derivatives markets to provide product design and matched financing and risk hedging operations for its overseas and cross-border asset management businesses to enhance the scale of asset management and increase income on investment.

Guotai Junan International and CTICM have already had successful cooperation experience. China Hongqiao Group Limited ("China Hongqiao", Stock code: 1378.HK), the world's largest aluminum producer, was negatively affected by short selling reports published by a short selling institution on 28 February 2017. Then China Hongqiao's stock plunged and began suspension on March 22. Subsequently, China Hongqiao entered into a Memorandum of Understanding with CTICM, intending to place 10% shares to CTICM. Guotai Junan International contributed a lot in this Placing Shares project, tailored a comprehensive financing plan and provided financial support for this project at the crucial moment, contributing to supporting the long-term development of China's outstanding national enterprises. On 30 October 2017, China Hongqiao resumed trading successfully with rising by 31.91% on the first day. As of now, the share price of China Hongqiao has risen by 57% since its resumption of trading.

As a leading manufacturer among the aluminum industry, China Hongqiao owns the high-quality bauxite resources, the low-cost private power grids and the international advanced level of production lines with obvious cost advantages and gene of excellent enterprise. Meanwhile, China Hongqiao is also the advocate of environmental protection in the industry. Under the new environmental protection situation, China Hongqiao has fulfilled the environmental requirements with high standards, and the air in Binzhou City has been significantly improved. China Hongqiao has always responded positively to the macro-policy of national supply-side reform and capacity upgrade. Now the company has officially entered a new development stage, and "paying attention to environmental protection, lowering leverage and increasing dividends" has become the company's main strategic direction. On the other hand, China Hongqiao has introduced the capital of CTICM and other institutions, which also fully demonstrated its confidence in its future development and is more conducive to the company's leading position in the industry and its further development.

Dr. Yim Fung, JP, Chairman and CEO of Guotai Junan International, said, "Both companies have received satisfactory results in the past cooperation. We have cooperated to support outstanding national enterprises in the international capital markets and attack malicious short selling, laying a good foundation for cooperation and trust. More importantly, Guotai Junan International has always responded positively to the national's policy summons of 'getting rid of the financial bubble, guiding funds into the real economy', boosting the development of national industries. This is a milestone in supporting China Hongqiao by standing shoulder to shoulder with CTICM. In the future, we will expand in-depth cooperation with CTICM in more fields. Leveraging on both parties' rich experience and resources in the industry, we believe we will be able to achieve business synergies to seize new development opportunities."

- End -

About Guotai Junan International Holdings Limited

Guotai Junan International is the market leader and first mover for internationalization of Chinese Securities Company. The Company is the first Chinese securities broker to list on the Main Board of The Hong Kong Stock Exchange by way of initial public offering. Based in Hong Kong, the Company provides diversified integrated financial services. The five core services include: (i) brokerage, (ii) corporate finance, (iii) loans and financing, (iv) asset management, (v) financial products, market making and investments.

The Company is one of the constituents of HSCI, Hang Seng Composite LargeCap & MidCap Index, FTSE HK index and FTSE HK ex H share index. Guotai Junan International has been assigned "Baa2 / Prime-2" and "BBB+ / A-2" rating from Moody's Investor Service and Standard & Poor's Global Ratings respectively.

Our controlling shareholder, Guotai Junan Securities Company Limited ("Guotai Junan", Stock Code: 601211.SH; 2611.HK), is one of the China's leading securities houses. Backed by strong operational support, the Company will be able to further explore the HK and the Asia-Pacific market.

For more information about Guotai Junan International:http://www.gtjai.com.

About CTI Capital Management Limited

CTI Capital Management Limited ("CTICM"), incorporated in Hong Kong with limited liability in 2012. And its English name is CTI Capital Management Limited. CTICM is a wholly owned subsidiary of CITIC Trust Co. Ltd. ("CITIC Trust") and is also the first overseas subsidiary in China's trust industry approved by China Banking Regulatory Commission, carrying out both regulated and non-regulated businesses in Hong Kong financial markets and also participating in cross-border transactions.

CTI Capital Hong Kong Limited, a wholly owned subsidiary of CTICM, holds SFC type 1 (dealing in securities), type 4 (advising on securities) and type 9 (asset management) licenses, providing securities issuance, securities consulting and asset management services for investors. In addition, the wholly owned subsidiary of CTICM also holds money lenders license (MLR No. is No. 1847/2017) and can engage in foreign loans businesses. "CTI Capital Global Opportunities Fund", the flagship hedge fund of CTICM, was selected and awarded the "Best New Asian Hedge Fund for 2017" by Eurekahedge, the world's leading hedge fund research institution.

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Thailand hosts the 2018 MDRT’s Global Conference
 
Feb 08, 2018
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The large-scale conference attracts approximately 7,000 delegates to meet in Bangkok and is expected to generate up to 500 million baht in revenue to the local economy.

5 February 2018, Bangkok: Thailand announced its readiness to host the 2018 MDRT Experience and Global Conference, bringing together around 7,000 professionals and advisors in the financial services and insurance industry to meet in Bangkok during 8-10 February. The conference opens opportunities for attendees to pick up quick tips and innovative ideas to create a blueprint for achievement in today’s business environment.

Million Dollar Round Table (MDRT), The Premier Association of Financial Professionals®, has been operating for over 90 years. The global independent association has more than 60,000 members who are the world's leading life insurance and financial services professionals from more than 500 companies in 70 countries. Founded in 1972, the association aims to enhance professional knowledge, strict ethical conduct, and outstanding client service in the life insurance and financial services business.

Mr. Chiruit Isarangkun Na Ayuthaya, President of Thailand Convention and Exhibition Bureau (Public Organization) or TCEB, said that, Thailand is to host the 2018 MDRT Experience and Global Conference, bringing together a community of premier financial services and insurance professionals as well as analysts, and advisors. The conference will give a platform for Thailand’s financial advisors and institutions to build a network with professionals in these premier sectors from around the world. Also, the event will showcase Thailand as the world’s leading destination for large-scale conferences.

“TCEB sees growth opportunities of financial services and insurance sectors in Thailand. The local consumer market tends to pay more attention to the well-being and financial management. With this strong potential, TCEB has successfully bid for the 2018 MDRT Experience and Global Conference to take place in Thailand for the 3rd time, which is also the 11th time in Asia.”

TCEB has been working closely with all stakeholders to ensure the success of this event. The conference expects to bring up to 7,000 delegates from more than 60 countries to Thailand. Of those figures, 6,000 are international delegates while 1,000 are delegates from Thailand. Thailand’s strategic location in South-East Asia earns a competitive edge of easy accessibility and provides a dynamic platform for professional connections throughout Asia. The country is ready to serve international conferences, offering conference organisers advantages which include internationally recognised standard venues, the beautiful scenery, and the hospitality of the Thai people. In addition, the skilled MICE professionals are ready to serve and facilitate all international delegates coming to meet in Thailand, especially from the Asian countries which are the target market for the conference sector.

Ms. Shalini D’Souza, Meetings Manager, MDRT, said that, we have been pleased with the level of service and responsiveness from everyone we have worked with in Thailand. The Thailand Convention and Exhibition Bureau sold us on Thailand and the city of Bangkok. BITEC is equipped to handle a meeting of this size. TCEB was very helpful and a valuable resource in helping MDRT plan the conference. We appreciate the support in making the 2018 MDRT Experience and Global Conference a success.

The 2018 MDRT Experience and Global Conference is designed for global audiences to hear innovative ideas and learn effective techniques. With special sessions for members to interact and improve their businesses as well as opportunities for non-members to see the brilliance that makes MDRT membership a necessity for success. One of the highlight sessions is the ConneXion Zone, an interactive platform which opens an opportunity for attendance to connect with successful MDRT members and Main Platform speakers. Motivational speakers at the conference include David Avrin, one of the most in-demand business branding speakers and authors in the world today. The president of the Visibility Coach, Avrin shows professionals how to recognise the competitive advantages and craft branding messages; Krish Dhanam, executive coach. He will be sharing a detailed look into how to enhance experience exponential growth in the business and achieve the very highest recognition within the peer groups both nationally and internationally; Michael Parrish DuDell, entrepreneur and bestselling author of the official business books from the hit reality show “Shark Tank”. DuDell was named “one of the USA’s leading millennial voices” by IBM; and David Horsager (MA, CSP), the CEO of Trust Edge Leadership Institute and director of one of the United States’ foremost trust studies: The Trust Outlook. He will provide an eight-pillar framework for building trust and explain the underlying spiritual, physical and emotional reasons why trust, not money, is the currency of business.

“For Thailand, the significance of the 2018 MDRT Experience and Global Conference is that the event opens opportunities for professionals in the Thai financial services and insurance industry to learn the secrets of success from the top performers. In addition, this large-scale event can generate direct benefits to the local economy through its pre-and post-conference activities. It is expected that the conference will generate up to 500 million baht in revenue to the country. Local entrepreneurs from different sectors which will be benefited from this event include hotels, restaurants, tourism and entertainment attractions, airlines, car rental, retail stores, and many more. The event also helps to boost the recognition of Thailand as a leading destination for large-scale conferences in the region,” said Mr. Chiruit.

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Bhiraj Office REIT (BOFFICE) began SET trading today
 
JCN Newswire
Jan 23, 2018
Category:

With potential office building project in High-End Mixed-use Commercial Complex at the center of Sukhumvit business district

BANGKOK - (ACN Newswire) - Bhiraj Office Leasehold REIT, or SET: BOFFICE, opened for trading on the Stock Exchange of Thailand (SET) today, 23 January, and was well received by both institutional and retail investors after the initial public offering price was set at 10 Baht per unit. The investment highlights are quality, as the Grade A office building has been designed as a Mixed-use Commercial Complex; location, situated adjacent to the EmQuartier shopping complex at the center of the Sukhumvit business district; and high growth potential, from the outstanding rental rates.

Mr. Attakorn Netneramitdee, Managing Director of Bhiraj REIT Management Co.Ltd., confirmed Bhiraj Office REIT (BOFFICE), for its initial investment, invests in long-term leasehold right of the BHIRAJ TOWER at EmQuartier. The leasehold right covers office area for rent, parking area, common office area and utility system area for the project - totaling 94,853 square meters. The leasehold period is approximately 26 years and 9 months, starting from the expected date to invest of 1 January 2018 until ended on 30 September 2044.

The BHIRAJ TOWER at EmQuartier is one of the quality projects developed by BHIRAJ BURI GROUP, committed to creating value through developing quality projects. BHIRAJ TOWER was built with a vision of creating an outstanding Grade A office building in CBD of Sukhumvit area that has direct connection to the BTS sky train, Prompong station. Additionally, as a Mixed-use Commercial Complex located in the same area as the EmQuartier shopping center, BHIRAJ TOWER at EmQuatier is situated among many convenient facilities. With it's prominent location, BHIRAJ TOWER at EmQuartier has been winning tenants since its launch in March 2015, allowing the project to reach a the very high 98.7% occupancy rate from the total leased space of 49,700 square meters, as of 30 September 2017.

Mr. Taweechai Tangthanasup, Head of Investment Banking, TISCO Securities Company Ltd, Co-Financial Advisor and Co-Lead Underwriter, said that the asset in which Bhiraj Office REIT (BOFFICE) will invest is a quality project that is expected to generate attractive revenue with high growth potential, considering its high quality as Grade A office building, high quality tenant portfolio ranging from small businesses to large multi-national corporations with well diversified industry of tenants, for example, consumer goods, E-Commerce, and pharmaceutical companies etc., allowing the project to achieve stable performance without dependency on a particular group of tenants. Given aforementioned strengths and its prime location, the rental rate and performance of the asset are likely to grow consistantly in the future, making this offering a good opportunity for the trust unitholders of Bhiraj Office REIT to gain consistent returns on a long-term investment.

Mr. Sawit Srisaranyapong, Chief of Investment Banking Business Division, Kasikornbank Public Company Limited, Co-Financial Advisor and Co-Lead Underwriter, said that BHIRAJ TOWER at EmQuartier is one of the high growth potential projects under BHIRAJ BURI GROUP. It is operated by Bhiraj Management Company Limited, a property management company with extensive experience and expertise from operating several real estate projects, for example, Bangkok International Trade and Exhibition Centre (BITEC), United Business Centre II (UBC II), and BHIRAJ TOWER at BITEC. With such well-managed, it is another key factor that the BHIRAJ TOWER at EmQuartier has been well received by all tenants.

Contact:
For Bhiraj Buri Group,
Orn-anong Pattaravechakul (Fah)
MT Multimedia Co. Ltd.
Phone: +66-86-884-4458,
+66-86-801-8888 or +66-2-612-0281 ext 129
Email: ornanong.p@mtmultimedia.com

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Contact
Company JCN Newswire
Contact Tiara Liu
Telephone +81-3-5791-1821
E-mail info@japancorp.net
Website
Over 3,000 Participants Attend 11th Asian Financial Forum
 
Jan 17, 2018
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Survey finds majority of respondents upbeat about economic prospects in 2018; AI, other technologies pose biggest disruption to financial industry

17 January 2018 – More than 3,000 financial policymakers, financial elites and business leaders attended the two-day 11th Asian Financial Forum (AFF), which concluded yesterday. Co-organised by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council (HKTDC), AFF 2018 was held under the theme “Steering Growth and Pioneering Innovation: Asia and Beyond,” which examined the latest economic trends, industries with the greatest growth potential and investment opportunities presented by technology and innovation. More than 670 one-on-one meetings were arranged during the AFF Deal Flow Matchmaking Session, to help participants explore business and investment opportunities.

Over half of the respondents optimistic about the Chinese market
On-site real-time surveys conducted during AFF sought to gauge the views of participants on such issues as the economy, business development and technology. The survey suggests general optimism among the business community about this year’s global economic prospects, with 58 per cent of the respondents saying they were positive about the outlook, while 36 per cent said they were neutral, and only six per cent expressing pessimism about the economy. On global economic risks in 2018, respondents said they were most concerned about the policy direction of the United States administration (25 per cent), the escalation of trade protectionism (19 per cent), and heightened geopolitical tensions (19 per cent).

More than half of the respondents (55 per cent) believed that China will offer the best investment returns in 2018, with telecommunications, media, technology sector (27 per cent), healthcare (22 per cent) and green industries (19 per cent) viewed the most favourably. Respondents also considered economic liberalisation and structural reforms (32 per cent) and the Belt and Road Initiative (19 per cent) to be China’s main growth engines in 2018.

The Chinese mainland continues to be the market most favoured by AFF participants, and Hong Kong’s cooperation with mainland financial industries received much attention during the Forum. Sponsored by the Financial Services Development Council, Hong Kong, the Breakfast Panel “Hong Kong Connects: Mainland China and Beyond: Stock, Bond, Mutual Recognition and more......” was moderated by Benjamin Hung, CEO of Retail Banking and Regional CEO, Greater China & North Asia, of Standard Chartered Bank. The panel featured speakers Dr Zhu Min, former Deputy Managing Director of the International Monetary Fund and President of the National Institute of Finance Research of Tsinghua University; Norman Chan, Chief Executive of the Hong Kong Monetary Authority; and Charles Li, Chief Executive of the Hong Kong Exchanges and Clearing Ltd, who discussed future prospects of growing links between the financial markets of Hong Kong and the Chinese mainland.

Technology disrupts financial ecosystems and gives rise to start-ups
Technology and innovation were prioritised components at this year’s AFF. When asked about technologies that could pose the biggest disruption to the financial industry in 2018, most respondents chose artificial intelligence (30 per cent), followed by big data analytics (21 per cent) and blockchain (15 per cent). As for the factors that would pose the greatest challenge to financial innovation, most respondents perceived over-regulation (29 per cent), incumbents’ conservatism (21 per cent) and lack of talent (15 per cent) presenting the biggest hurdles. On financial development, some 33 per cent of the respondents considered cybersecurity a top regulatory concern, ahead of customer privacy and protection (23 per cent) and systematic risks (23 per cent).

Experts in the areas of artificial intelligence and Fintech were among the highlights on the last day of AFF. At yesterday’s keynote luncheon, Professor Daniela Rus, Director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) and Professor of Electrical Engineering and Computer Science at the Massachusetts Institute of Technology, spoke about the latest developments in artificial intelligence and robotics and the impact these technologies may have on the financial and business industries. A keynote address by FinTech opinion leader JP Nicols, Managing Director of FinTech Forge and Chairman of NextMoney.org, offered insights on financial innovation and technology development. Mr Nicols also discussed how financial enterprises and businesses can leverage innovation to thrive in the shifting global market.

With technology opening unprecedented entrepreneurship and employment opportunities for the younger generation and inspiring many start-ups, the Fireside Chat yesterday morning featured 500 Startups’s Founding Partner and CEO, Christine Tsai, who shared secrets to the success of many start-ups.

Co-organised by the HKTDC and the International Finance Corporation (IFC), the workshop examined how technological developments will influence future labour demand and foster a new generation of entrepreneurs. A number of InnoTalks workshops also tackled such topics as Fintech, innovations in banking and big data.

All-new InnoVenture Salon offers a stage for start-ups to shine
This year’s Forum once again featured the AFF Deal Flow Matchmaking Session to provide one-to-one deal-sourcing and matchmaking meetings for project owners and investors. More than 670 meetings were held yesterday, covering more than 500 investment projects in digital technology, including Fintech, environment and energy, healthcare technology and infrastructure and real estate services. The sessions sought to foster more concrete cooperation between participants.

The inaugural InnoVenture Salon featured about 20 start-ups to showcase their solutions at the Start-up zone and pitch their projects at the Project Presentation session. It also featured Investors Meet-ups, connecting start-ups with potential venture capital and private equity investors. In addition, representatives of venture capital funds, incubators and start-up experts offered practical advice about setting up and operation, financing, marketing strategies and pitching during Mentor Hours, to help start-ups enhance their competiveness.

Asian Financial Forum:http://www.asianfinancialforum.com
International Financial Week:http://www.internationalfinancialweek.com

Media Enquiries
Please contact the HKTDC's Communications & Public Affairs Department:

Billy Ng
Tel: (852) 2584 4393
Email: billy.km.ng@hktdc.org

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GrabPay launches next phase of growth with new Managing Director for GrabPay in Singapore, Malaysia, and Philippines
 
Jan 09, 2018
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Ooi Huey Tyng adds more than 25 years of experience from senior payments roles in Southeast Asia incl. Visa, DBS, UOB, and Citi
Appointment comes as GrabPay successfully onboards 1,000 merchants in Singapore for 2017

Singapore, 8 January 2018 – Grab, the leading on-demand transportation and mobile payments platform in Southeast Asia, today announced it has appointed Ooi Huey Tyng as Managing Director, GrabPay Singapore, Malaysia, and Philippines. Based in Singapore, Huey Tyng brings on board more than 25 years of experience in senior positions at global banks and leading payments providers. Following shortly after a number of GrabPay milestones to end 2017, this appointment underlines the scale of the payments platform’s ambitions coming into 2018.

Huey Tyng joins Grab from Visa, where she was the Country Manager for Singapore and Brunei. During her time, Huey Tyng drove the company’s innovation and digital roadmap as well as the strategic engagement of regional banks headquartered in Singapore. Prior to that, Huey Tyng held leadership roles at DBS, UOB, and Citi among others, where she was responsible for managing retail cards businesses, co-branding and rewards partnerships, as well as engagement with merchants. Huey Tyng also served as a representative to the MAS Payments Council and the Committee on the Future Economy (CFE).

“Huey Tyng brings deep leadership expertise from some of the region’s premier banks and payments providers. Her experience with our current and potential payments partners will be invaluable as GrabPay moves into its next phase of growth. Millions of people in Singapore, Malaysia and the Philippines are still heavily dependent on cash. Huey Tyng’s skills in forging business partnerships across each country will enable us to bring more merchants and consumers into the cashless future faster,” said Jason Thompson, Managing Director, GrabPay Southeast Asia.

Commenting on her new role, Huey Tyng says, “It’s an exciting moment to join Grab. There are unique opportunities and challenges in the payment space for each country in Southeast Asia. For instance, even in highly-developed Singapore, more than 20,000 merchants remain primarily cash-based. With GrabPay, we can complement the work of our partners and offer millions of consumers in Singapore, Malaysia, and the Philippines the opportunity to go cashless.”

To close out 2017, GrabPay onboarded a total of 1,000 merchants in Singapore, reaching its target a mere two months after launching its in-store and in-restaurant payments service. For 2018, the payments platform will continue to focus on Singapore’s more than 20,000 local, cash-based merchants who will see the most immediate benefits from adopting cashless. In Malaysia, GrabPay was granted the e-money licence by Bank Negara Malaysia, Malaysia’s central monetary authority. As a result, consumers in Malaysia will be able to pay with Grab in restaurants, shops and online, starting in the first half of 2018. End of December, Grab also moved beyond transport in the Philippines to launch its peer-to-peer (P2P) fund transfer feature. In the cash-heavy Philippines, this feature enables Grab consumers to send GrabPay Credits to one another in an instantaneous, simple and secure way.

As Grab plans to expand all payments services across SEA in 2018, these milestones continue to mark Grab’s transformation from Southeast Asia’s largest on-demand transportation platform to the region’s #1 consumer internet platform.

Today, the Grab platform facilitates more than 3.5 million transactions daily. To support the growth of the GrabPay platform, Grab also made a number of business announcements in 2017:

  • The appointment of Jason Thompson, a former Managing Director for EMEA and Asia at Euronet, to lead GrabPay as Managing Director, GrabPay Southeast Asia.
  • The acquisition of Kudo, one of Indonesia’s leading O2O (online to offline) ecommerce platforms, followed by a partnership with leading payments services PayTren to form Indonesia’s largest network of more than 3 million micro-entrepreneurs
  • The appointment of Vikas Agrawal as CTO of GrabPay and Ongki Kurniawan as Managing Director of GrabPay Indonesia
  • The launch of a revamped GrabRewards platform, one of Southeast Asia’s largest loyalty programmes with more than 160 Rewards partners

    SOURCE / Grab

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    Japanese Enter E-Cash And Online Lending Market In Indonesia
     
    Investvine, A Company of Inside Investor, Ltd.
    Dec 30, 2017
    Category:

    Indonesia, a country where millions of people don’t have bank accounts and therefore cannot pay with other means than cash, is stepping up its e-money ambitions. In a latest move, a Japanese lease and finance company, Tokyo Century, entered the market through a partnership with local retail conglomerate Lotte Group in order to develop a digital payment and lending business for the country.

    The Japanese invested about 13 billion yen ($115 million) for a roughly 20-per cent stake in an e-cash unit of Lippo Group, whose operations comprise department stores, shopping malls, hospitals and various other businesses.

    Lotte Group already made a full-scale entry into the e-cash business in summer his year by launching a smartphone-based service that lets users shop with e-cash and accumulate shopping points. The service, called OVO, is expected to attract 8.5 million users by the end of next year, which seems to have made a business case for Tokyo Century.

    Tokyo Century and Lippo Group will also establish a consumer loan joint venture by the end of the current fiscal year through March and work toward developing a new consumer credit business model for Indonesia.

    Just around 40 per cent of Indonesians have bank accounts, and fewer than en per cent of them have a credit card.

    Tokyo Century aims to create a mechanism that makes it possible to determine OVO users’ creditworthiness through big-data analysis of their e-cash and shopping point usage. The Japanese company aims also to invest in a Lippo Group online shopping unit, gaining a foothold in payments for online retail.

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    Contact
    Company Investvine, A Company of Inside Investor, Ltd.
    Contact Imran Saddique
    Telephone
    E-mail imran@insideinvestor.com
    Website http://investvine.com
    Unionpay International and Decagon Pakistan Sign Cooperation Agreement
     
    Dec 28, 2017
    Category:

    SHANGHAI, Dec. 29, 2017 /PRNewswire/ -- UnionPay International, one of the world's largest payment schemes, and Decagon Pakistan brand Golootlo have entered into a partnership to cooperate to issue UnionPay prepaid and debit cards in collaboration with the issuing banks in Pakistan, offering secure and convenient payment services to the local customers. The two parties will also seek future cooperation opportunities to introduce UnionPay's QR Code payment mechanism within Golootlo's merchant network across Pakistan. The partnership was signed by Shuan Ghaidan, Director of Products, UnionPay International and Aziz Kassamali, Chairman, Decagon Pakistan in Shanghai, China.

    Mr. Shuan Ghaidan said, "Pakistan is an important market strategically and geographically for UnionPay and we are committed to taking part in the continuous growth of the eco-system in the Pakistan payments landscape. The issuance of the new UnionPay card products with the day to day value added benefits like discounts and financial wellness for the cardholders makes a perfect fit for a cash based economy like Pakistan and targeting masses to migrate towards digital payments. The future introduction of UnionPay innovative payment products like contactless payment and QR code payment will offer even more diverse and flexible payment services to the local customers. "

    "Decagon Pakistan is delighted to partner with UnionPay International. This partnership will bring the successful startup to a much larger audience through partner banks and will provide value added services to the banks customers." said Aziz Kassamali. He further added, "We believe that this is a major step in transforming Pakistan's cash based economy. Customers in this market are price sensitive and by combining UnionPay's mobile payment solution with our engagement tools and innovative products we will add value and convenience to the daily lives of Pakistanis."

    Golootlo is also releasing its proprietary app that will be Pakistan's first mobile app offering real time and time-sensitive discounts to users. App will include location based services, social networking capabilities and payments options through UnionPay QR codes. Decagon with its joint venture partnership with PayActiv Inc., leading financial wellness platform based in Silicon Valley USA, is also launching PayActiv-enabled UnionPay prepaid and debit cards which are linked to digital wallets and mobile payments through UnionPay QR Code in Pakistan.

    Source: UnionPay International

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    JCB partners with iZettle and the iconic London Black Taxis
     
    JCN Newswire
    Dec 22, 2017
    Category:

    London/Tokyo - (ACN Newswire) - JCB International Co., Ltd. (hereinafter referred to as "JCB"), the international operations subsidiary of JCB Co. Ltd, has partnered with iZettle, the award-winning Swedish fintech company, with an awareness campaign using the iconic London Black taxis.

    The campaign aims to reinforce the message that JCB and iZettle merchants across Europe accept JCB Cards. This is good news for JCB's 106m Cardmembers that may visit London and want to hail London taxis equipped with iZettle payment devices or make a purchase at an iZettle merchant. iZettle revolutionised mobile payments in 2011 and has rapidly moved beyond payments to become a small business commerce platform, offering tools to take payments, register and track sales and to get funding. For JCB, the deal forms part of its strategy to increase its acceptance footprint across the SEPA region by expanding its merchant acceptance network to support its growing global Cardmember base. The London taxi partnership will see ten London black cabs co-branded with JCB and iZettle acceptance awareness for the next six months, ending in May 2018. All London Taxis with iZettle payment devices will accept JCB Cards.

    Mr. Tsuyoshi Notani, Managing Director, JCB International (Europe) Ltd. said, "As a global payments solution provider, we felt that now was the perfect time to partner with iZettle to increase JCB acceptance awareness across our European markets. With the huge growth in Asian visitors coming to Europe, our partnership with iZettle enables JCB Cardmembers to pay for goods and services wherever they use an iZettle merchant in Europe, providing increased potential profits and new customer opportunities."

    Stewart Roberts, EVP of iZettle said, "We're thrilled to enable more merchants to accept JCB Cards. We want to bring the global market to the small business marketplace. This partnership is another step forward in doing so and we are very excited to work with JCB International."

    About JCB

    JCB is a major global payment brand and a leading payment card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to provide responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/ or www.jcbeurope.eu.

    About iZettle

    iZettle is on a mission to help small businesses succeed in a world of giants. Based in Stockholm, the financial technology company revolutionised mobile payments in 2011 with the world's first mini chip card reader and software for mobile devices. Today, iZettle's small business commerce platform provides tools to take payments, to register and track sales and to get funding. Join the iZettle small business community at iZettle.com.

    Contact
    JCB Co., Ltd.
    Kumiko Kida
    Corporate Communications
    Tel: +81-3-5778-8353
    Email: jcb-pr@info.jcb.co.jp

     
     
    Contact
    Company JCN Newswire
    Contact Tiara Liu
    Telephone +81-3-5791-1821
    E-mail info@japancorp.net
    Website
    Guotai Junan International Wins International Award Honor Receives Gold Award of The Asset Corporate Awards 2017
     
    Nov 08, 2017
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    [8 November 2017, Hong Kong] Guotai Junan International Holdings Limited (with its subsidiaries, as "Guotai Junan International" or the "Company", Stock code: 1788.HK) was recently presented the Gold Award of The Corporate Awards 2017 by The Asset Magazine, an international authoritative financial media. Guotai Junan International has been highly recognized and praised by the industry and professional organizations for its outstanding performances in maintaining excellent corporate governance, actively undertaking corporate social responsibility, valuing investor relations management and focusing on shareholders' values return.

    The Asset Corporate Awards, hosted by the well-known financial magazine The Asset, provides listed companies in region with a set of rigorous criteria for gauging the company's performances in corporate governance, corporate social responsibility and investor relations. The Awards with a stringent assessment methodology is known as one of the most credible awards in the Asian investment community. The committee of the magazine conducts rigorous evaluation according to the professional opinions from institutional investors, analysts and industry experts to identify the winning companies.

    With the mission of "creating value through financial services", Guotai Junan International has well-established governance control policies, clear internal control framework and division of responsibility. The board of directors attaches great importance to corporate governance, regularly reviews and continuously takes corresponding perfect measures and actions. The Company always adheres to the strategy of steady development and risk control priority, committing to maximizing the return on shareholders' value and continuously strengthening the relationship with stakeholders. Since its listing in 2010, the Company has maintained surge with a record high in revenue and net profit with increasingly optimized income structure as well as business diversification.

    The Company is open-minded towards shareholders and investors and continues devoting resources in the information disclosure as well as investor relations management, senior management make full efforts and actively participate in the shareholder communications. The open and transparent information disclosure as well as the all-round investors communication have been recognized and praised by capital market. At the same time, Guotai Junan International has always been enthusiastically involved in local community services. Senior management and employees have participated in the Charity Walk for Millions of Hong Kong Community Chest for 3 years in a row and this year the Company firstly participated in "Tree Planting Challenge 2017", a hiking challenge along with tree planting task. Meanwhile, the Company has created green office environment, encouraged employees to join community services and undertaken corporate social responsibilities by actual actions.

    Dr. Yim Fung, JP, Chairman and CEO of Guotai Junan International, said, "We are very honored to receive the award from the industry, which will inspire the Company to continually pursue the core values -- integrity, responsibility, affinity, professionalism and innovation, improve corporate governance level, fulfill corporate social responsibility, practice the value that financial enterprises support the real economy, increase employment opportunities to benefit social solidarity and stratum harmony in Hong Kong. We are committing to becoming the preferred platform for global financial services, the valuable choice for our investors and the caring enterprise that grows together with our employees to realize our long-term goals of solid, high-speed and sustainable development."

    - End -

    About Guotai Junan International Holdings Limited

    Guotai Junan International is the market leader and first mover for internationalization of Chinese Securities Company. The Company is the first Chinese securities broker to list on the Main Board of The Hong Kong Stock Exchange by way of initial public offering. Based in Hong Kong, the Company provides diversified integrated financial services. The five core services include: (i) brokerage, (ii) corporate finance, (iii) loans and financing, (iv) asset management, (v) financial products, market making and investments.

    The Company's online trading platform support a total of 8 stock markets, including Hong Kong, USA, UK, Japan, Canada, Singapore, China A share and B share, as well as more than 20 futures and options markets worldwide, providing leveraged foreign exchange trading for 8 currency pairs and 21 cross-currency pairs, inclusive of CNH.

    The Company is one of the constituents of HSCI, Hang Seng Composite LargeCap & MidCap Index, FTSE HK index and FTSE HK ex H share index. Guotai Junan International has been assigned "Baa2 / Prime-2" and "BBB+ / A-2" rating from Moody's Investor Service and Standard & Poor's Global Ratings respectively.

    Our controlling shareholder, Guotai Junan Securities Company Limited ("Guotai Junan", Stock Code: 601211.SH; 2611.HK), is one of the China's leading securities houses. In 2015, Guotai Junan was listed on the Shanghai Stock Exchange. In April, 2017, it was listed on the Main board at Hong Kong Stock Exchange. In 2016, Guotai Junan ranked the second among Chinese brokers in terms of revenue and net profit. Backed by strong operational support, the Company will be able to further explore the HK and the Asia-Pacific market.

    For more information about Guotai Junan International:http://www.gtjai.com. Porda Havas International Finance Communications Group on behalf of Guotai Junan International Holdings Limited issues the press release.

    For enquiries, please contact:
    Guotai Junan International Holdings Limited
    Ms. Lydia Zhong +852 2509 2604 lydia.zhong@gtjas.com.hk

    Porda Havas International Finance Communications Group

    Ms. Keely Chan +852 3150 6760 keely.chan@pordahavas.com
    Ms. Angela Shi +852 3150 6778 angela.shi@pordahavas.com
    Ms. Hermione He +852 3150 6702 hermione.he@pordahavas.com
    Mr. Chason Peng +852 3150 6791 Chason.peng@pordahavs.com
    Fax: +852 3150 6728

    - ASIA TODAY News Global Distribution http://www.AsiaToday.com