While most credit cards offer common benefits like fraud protection, they may differ based on their features and benefits. Before applying for a particular credit card, it’s helpful to understand the different types of credit cards and how they work. Explore the different types of credit cards below.
Travel Credit Cards Travel credit cards offer opportunities to earn and/or redeem rewards against travel purchases. For example, the Citi PremierMiles Card lets cardmembers earn 1.2 Citi Miles for every S$1 spent locally and 2.2 Citi Miles for every S$1 spent in foreign currency. Enjoy two annual complimentary airport lounge visits and get up to S$1 million in insurance coverage. While the exact benefits of a travel credit card may vary, travel cards provide exceptional value for people who travel often.
Rewards Credit Card Rewards credit cards help cardmembers earn points with every swipe and are an excellent choice for people who want more from their shopping experiences. Some rewards cards offer points with every purchase, others offer bonus rewards when cardmembers shop from categories like fuel, groceries, dining, entertainment, etc. The Citi Prestige Card earns rewards on all local and overseas spends and offers premium experiences like lounge access, golf privileges, concierge services, complimentary night hotel stay worldwide and more.
Cash back Cards Cash back cards provide cardmembers cash rebates on eligible transactions, making them a great option for people who prioritize savings. Some cash back cards allow redemption through shopping vouchers while others allow cardmembers to apply cash back toward credit card bill payments. Citi offers four different cash back credit cards that offer a range of benefits suited to different lifestyles and preferences. This includes the Citi Cash Back+ card where there is no cap on cash back earned and cash back earned does not expire.
Business Credit Cards Corporate or business credit cards are created to simplify payments for businesses. They help business owners create a separate line of credit for their company, enable fast and seamless payments, and offer rewards like points or cash back. Business credit cards can help with expense tracking and management while offering exclusive privileges and deals to cardholders like complimentary travel insurance and corporate liability waiver insurance. Citi offers three business credit cards that offer exceptional benefits and discounts on restaurants, travel bookings and more.
Student Credit Card Student credit cards offer young adults the chance to build credit and enjoy great deals. The Citi Clear Card has no minimum income requirement and allows cardmembers to earn rewards on every purchase and enjoy the safety of secure transactions. Student credit cards are one way for first time cardholders to learn how credit works, make the best of rewards programs like ThankYou rewards, and get an array of discounts through Citi World Privileges.
Choosing the right credit card Remember that it’s vital to compare credit cards to properly identify the best fit. Here are a few things to consider before applying for a credit card:
Benefits and rewards: Aspiring cardmembers should identify areas where they spend the most and find a credit card that rewards those purchases. Bargain hunters can prioritize credit card rewards programs that favour spending on fuel, groceries, entertainment, and dining. Adventurers and business travellers may travel often enough to justify a travel credit card to earn miles and get airport lounge access.
Fees and interest: Credit cards carry annual fees, and premium cards may have higher fees than basic cards. Usually, the annual fees will give additional perks back to the customer in the form of points or miles. Card applicants should be informed about fees and charges before applying for a card.
Reward complexity: Many cardmembers miss out on opportunities to redeem their points because they don’t understand the redemption process. A complex rewards program with category-specific benefits or many redemption rules may not be for everyone. A simple program with no minimum spends and a flat cashback rate on all or most purchases is ideal for many people. It’s also important to understand when rewards expire.
The right credit card can make purchases and payments easier and more rewarding. But it’s important to consider the pros and cons of credit cards, carefully read the terms and conditions, and consider individual needs before making a suitable choice.
Citibank Singapore Citibank Singapore offers consumers and institutions a range of financial products and services, including consumer and investment banking, credit cards, and personal loans. Citibank Singapore aims to deliver holistic and innovative solutions to clients and meet the increasingly complex strategies of its regional client base in the APAC in an ever-changing financial landscape.The content reflects the view of the author of the article and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on Citibank Singapore website for accuracy or completeness of the information presented in the article.
Whether you’re a frequent business traveller who’s always on the go or a world explorer looking for your next adventure, a travel credit card can be a great way to make the best of your trips. The right travel credit card can enhance your travel experiences by offering opportunities to earn rewards, redeem rewards on travel expenses, access discounts and deals, and get perks and benefits like lounge access and travel insurance. Learn all about travel credit cards, what they can do for you and how to choose the right one in our guide below.
What is a travel credit card? You may have heard of credit cards that offer discounts and savings on fuel, groceries or shopping. A travel credit card is a type of credit card that offers perks and rewards that make travel smooth and convenient. While the exact reward programs differ from one card to the next, what most miles credit cards have in common is that they grant users benefits and redemption opportunities specifically linked to travel.
A travel credit card is a great way to turn everyday spending into travel rewards. Generally, a miles credit card or travel card will let you earn points, miles, or cashback on purchases, which you can redeem for travel-related expenses like flight tickets, hotel stays, car rentals, and more. Over time, savvy cardmembers may accumulate enough rewards to cover the full cost of a small vacation. Many travel credit cards also include benefits like complimentary lounge access, travel insurance, and exclusive discounts with partner airlines and hotels.
Pros and Cons of a Travel Credit Card Pros Earning points and miles: Your miles credit card helps you earn rewards on eligible purchases. If you use your credit card regularly for eligible purchases, your points or miles can add up quickly and bring you significant savings on your next trip.
Sign-up bonuses: In addition to regular rewards, your card may offer a welcome bonus that lets you earn a significant number of points/miles if you meet certain spending criteria. These bonuses can provide a great boost to your rewards balance right from the start.
Access to Airport Lounges: Your travel credit card may also include complimentary access to airport lounges, allowing you to enjoy a more relaxed travel experience with amenities like refreshments and comfortable seating before your flight.
Cons High annual fees: Travel credit cards with good benefits may carry higher annual fees than regular cards. You’ll need to review the costs and benefits associated with your credit card to decide if the travel benefits are worth the annual fee.
Complex rewards systems: Rewards programs are only useful if you know how to use them well. It might take some time and effort to fully understand how to maximize your rewards.
How to Choose a Travel Credit Card When choosing a travel or miles credit card in Singapore, consider your travel habits and preferences. Start by considering how often you travel. A card with a high fee may be worth it for frequent fliers, but if you only take one or two trips a year, seek out a card with a low or no annual fee with points that don’t expire. You’ll need to consider what benefits matter to you. Do you value lounge access, or is travel insurance more important? Choose a card that offers benefits that match your needs. Lastly, look for a rewards program that fits in with your lifestyle. If you spend a lot on dining and shopping, look for a card that offers higher rewards in those categories. Additionally, carefully review the points/redemption process before you apply for a travel credit card. A complex redemption process can be off-putting especially if there are many limits placed on redemption.
Notice:Opinions, analyses, reviews, or recommendations expressed in this article are those of the select editorial staff’s alone, and have not been reviewed, approved, or otherwise endorsed by any third party.
A credit card is a valuable financial tool that ensures fast, safe and convenient payments. Over time, it also helps you build credit. However, with the right credit card, you can do even more. Get deals and discounts on dining, shopping, travel, and petrol. Here are a few ways your credit card can help you save money.
Rewards programs A rewards credit card will typically earn you entry into a rewards program offered by the credit card issuer or a partner company. Rewards programs vary from one card to the next, but most of them enable cardmembers to earn reward points on eligible transactions like online grocery, online or in-store shopping purchases, food delivery, travel expenses, dining, bill payments, fuel, etc. Cardmembers can usually redeem their reward points from a wide range of merchandise, convert points to cash rebates or use points to offset and pay for your purchases.
Cashback programs A cash back credit card grants cardholders a rebate on eligible transactions, including grocery purchases, fuel purchases, shopping and dining. Earned cash back may be credited to your account at the end of your billing cycle or you may have the option to pay for purchases with cash back points. Your credit card may even offer you bonus cash back rates in certain categories or if you have a savings account with the bank. Enjoy the convenience of redeeming your cash back on-the-go through your mobile. Familiarising with the cash back program can help you maximise your cash back earnings.
Sign-up offers Many credit cards offer sign-up bonuses or offers, where you can earn a significant amount of points or cash back after spending a certain amount within the first few months. This is a one-time offer that’s usually reserved for new cardmembers and may expire if the points or cash back are not used on time. Taking advantage of a sign-up bonus is a great way to save or earn money with your credit card in the first year.
Discounts and promotional offers A credit card company may partner with retailers, dining establishments and ecommerce platforms to offer their cardmembers impressive discounts and savings on eligible purchases. These are usually instant discounts of up to 50% on select purchases. Cardmembers who track deals and shop smartly can save thousands of dollars every year.
Travel benefits Travel credit cards feature a range of benefits designed to make travel more convenient and enjoyable for cardmembers. Some cards allow cardholders to earn miles on eligible purchases. Miles usually function similarly to reward points and can be redeemed against travel purchases like airfare, accommodation, dining, etc. Travel cards may also offer perks like complimentary access to airport lounges and accelerated miles on online travel bookings, which can save you money on travel expenses. Some cards include travel insurance, which can come in handy if your baggage is lost in transit or delayed.
Different credit cards may offer a range of ways to help consumers to save money and earn rebates. However, it’s important to use your card responsibly to ensure you get the maximum benefit. Don’t forget to consider any fees or charges associated with your credit card (such as annual fees) to get a full picture of your true credit card savings. Lastly, ensure you keep your account in good standing so you can continue to enjoy these benefits.
Notice:
Opinions, analyses, reviews, or recommendations expressed in this article are those of the select editorial staff alone and have not been reviewed, approved, or otherwise endorsed by any third party.
Choosing the right credit card from a vast array of options can offer long-term benefits for consumers. Some cards might provide valuable perks like redeemable points, while others offer appealing cashback rewards or even miles that never expire. Choose the credit card that would align with your current spending and offer you substantial benefits as well.
Here are some ways to narrow down the choices based on a few factors below:
Key Considerations When Choosing a Credit Card
Before you apply for a credit card, it is necessary to identify the best card for you and the one with features designed to meet your specific needs. For instance, are you looking for rewards, convenience, card security and extra financial flexibility? You can then easily filter out the options that meet your requirements.
Card Benefits and Features
Credit cards can be powerful allies in managing finances and enhancing your lifestyle when used wisely. By understanding and leveraging the benefits and features, you can make the most of your card and achieve your financial goals.
Exclusive Privileges:
There is a wide range of travel, dining and shopping deals with your credit card merchants. You can redeem points, miles, or cash rebates on your cards. Compare the selected credit cards to check on the sign-up bonus and rewards to make your best choice.
Reward programs: Earn reward points, miles, or cashback when you spend on your credit card.
Travel benefits: Some cards offer travel insurance, airport lounge access, and other travel-related perks.
Fraud protection: Credit cards typically offer robust security features and fraud protection, safeguarding you against unauthorized transactions.
Pay bills and earn rewards: Pay your daily bills and earn reward points or miles at the same time.
Instalment payment plan: Many cards allow you to convert large purchases into affordable instalments while still earning rewards.
Select the Best Value Providing Credit Card
After identifying the credit cards that suit your needs, you can further refine your selection by focusing on the added value each card offers. For example, if you compare credit cards with cash-back rewards, consider those that provide higher cash-back percentages or bonuses in categories where you spend the most. If several cards meet these criteria, you can then weigh other benefits, such as lower annual fees, introductory offers, or additional perks like travel insurance or purchase protection.
Some credit card annual fee charges come with welcome bonus miles which exceeds the value of the annual fee payment. While selecting the card, it is important to know the amount that will be charged annually, so it doesn’t come as a setback when you must pay for it.
Final Thoughts
With a multitude of credit card options available, selecting the right one can greatly enhance your financial experience. The ideal card can simplify your transactions and provide access to valuable benefits such as exclusive discounts, travel perks, and personalized rewards. Take the time to research the various types of credit cards to find one that aligns with your spending habits and preferences. Applying for the card that best suits your needs is just a few clicks away online.
Notice:
Opinions, analyses, reviews, or recommendations expressed in this article are those of the select editorial staff alone and have not been reviewed, approved, or otherwise endorsed by any third party.
The Central Bank of Bahrain today granted Crypto.com full approval to provide payment service provider (PSP) services through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”, adding to the company’s significant regulatory milestones in the region.
The PSP licence will allow Crypto.com to expand its offerings of e-money and fiat-based payment services regionally, including the launch of its world-renowned prepaid cards.
“With its extensive international presence and an earned reputation for regulatory compliance, we are delighted that Crypto.com has chosen the Kingdom of Bahrain as a destination for investment, which will further bolster Bahrain’s ability to deliver on its vision of developing a digital-first, resilient economy that celebrates innovation and progress,” said H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain Economic Development Board, adding, “Backed by the agility of our Team Bahrain approach, which fosters a streamlined investment environment that champions ease of doing business, Bahrain is successfully building a world-class ecosystem to support the evolution of the fast-growing blockchain, crypto and fintech industry. This is further supported by robust regulations and a diverse, highly skilled, and future-ready talent pool, particularly within the financial services and technology sectors.”
“Bahrain has been working to create an innovation-friendly crypto and fintech ecosystem, which has involved putting in place clear regulation that balances consumer protection with commercialisation,” said Eric Anziani, President and COO of Crypto.com. “We appreciate the work of the Kingdom and look forward to progressing our relationship as we play our part in growing the crypto industry in Bahrain and across the GCC.”
Bahrain, a pioneering hub for digital asset regulation within the Gulf Cooperation Council (GCC) countries, was among the first to issue crypto-asset licences in the region, cementing itself as a leading hub for crypto services and fintech innovations in the region. As the island nation’s investment promotion agency, Bahrain EDB works closely with potential and existing clients providing key services that include industry assessments and strategic advisory, in line with its mandate of attracting investments into Bahrain.
Crypto.com continues to actively grow and expand its ecosystem, with more than 100 million users worldwide.
The announcement builds on Crypto.com’s regulatory licensing momentum globally, having received its Virtual Asset Service Provider Licence from the Dubai Virtual Assets Regulatory Authority (VARA) and the launch of the Crypto.com Exchange for institutional investors in April 2024. Cypto.com is additionally licensed for specific services in key markets around the world, including Singapore, France, Australia, Ireland, Malta, United Kingdom, United States, Canada, and South Korea.
For more information, please contact: Abdulelah Abdulla Communications Department Economic Development Board Phone: +973-39798919 E-mail: internationalmedia@bahrainedb.com
About Bahrain Economic Development Board (Bahrain EDB) The Bahrain Economic Development Board (Bahrain EDB) is an investment promotion agency with overall responsibility for attracting investment into the Kingdom and supporting initiatives that enhance the investment climate. The Bahrain EDB works with the government and both current and prospective investors, to ensure that Bahrain’s investment climate is attractive, to communicate the key strengths, and to identify where opportunities exist for further economic growth through investment.
The Bahrain EDB focuses on several economic sectors that capitalise on Bahrain’s competitive advantages and provide significant investment opportunities. These sectors include financial services, manufacturing, logistics, ICT, and tourism. For more information on the Bahrain EDB visit www.bahrainedb.com.
Focusing on Eight Major Steps to build a connected, innovative and green Belt and Road
The ninth Belt and Road Summit, co-organised by the Hong Kong Special Administrative Region Government (HKSAR) and the Hong Kong Trade Development Council(HKTDC), opened today at the Hong Kong Convention and Exhibition Centre.
The theme is Building a Connected, Innovative and Green Belt and Road. As one of the celebrations for the 75th anniversary of the founding of the People’s Republic of China, the Summit brings together over 90 policymakers and business leaders from Belt and Road countries and regions. It centres on the eight major steps President Xi Jinping announced last year to support the high-quality development of the Belt and Road Initiative (BRI) and explores cooperation opportunities for the next golden decade of the BRI.
The Opening Session featured opening remarks by John Lee, Chief Executive of the HKSAR, and welcome remarks by Dr Peter K N Lam, Chairman of the HKTDC. Special addresses were delivered by Li Yongjie, Deputy China International Trade Representative of the Ministry of Commerce of the People’s Republic of China; Gou Ping, Vice Chairman of the State-owned Assets Supervision and Administration Commission of the State Council of the People’s Republic of China; and Xiao Weiming, Deputy Secretary-General of the National Development and Reform Commission of the People’s Republic of China. A keynote address was delivered by H.E. Nguyen Hoa Binh, Permanent Deputy Prime Minister of Vietnam.
John Lee said during his opening remarks: “Green development is increasingly important in Belt and Road collaboration. Hong Kong contributes to the cause of sustainability by not only developing green tech, but also by leveraging our expertise in financial services and driving the development of green finance. Earlier this year, we launched the world’s first multi-currency, tokenised green bond, part of our commitment to Hong Kong’s rise as a green finance hub.”
Dr Lam said: “Innovation and sustainability are key drivers of growth today. We will discuss how we can work more closely together to create a more innovative and greener Belt and Road. With its unique strengths and advantages, Hong Kong is ideally placed to foster collaboration. As the most international city in the Guangdong-Hong Kong-Macao Greater Bay Area and gateway to the vast Mainland China market, Hong Kong can facilitate many opportunities across Asia and beyond. ASEAN – our second-largest trading partner – will be a market highlight at this year’s Summit, following the recent mission we organised to Laos, Cambodia and Vietnam led by Hong Kong SAR Chief Executive John Lee.”
In her remarks, Li Yongjie said: “Under the framework of The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), the Ministry of Commerce (MOFCOM) supports Hong Kong to enhance its status as an international financial, shipping and trading centre, and to play the role of a hub and platform in the Belt and Road Initiative. The MOFCOM will support Hong Kong in signing free trade agreements and investment protection agreements with more countries and regions, and to join Regional Comprehensive Economic Partnership as soon as possible. The MOFCOM will also support mainland and Hong Kong enterprises to strengthen information exchange, deepen cooperation on Belt and Road projects, enhance Hong Kong’s participation in the Belt and Road Initiative, and strengthen Hong Kong’s status as an international trade centre.”
H.E. Nguyen Hoa Binh said during his speech: “The global economy is experiencing significant transformations in its structure and growth model, requiring both governments and the business community to collaborate in promoting initiatives on economic cooperation and integration that support peace, cooperation and development at regional and global levels. I am confident that with the commitment and sound policies of our governments, along with the support and active engagement of the business community and by embracing a spirit of equality, openness and mutual benefit while upholding international law, the Belt and Road Initiative will continue to flourish.”
Deepening multilateral cooperation for a win-win future Following the successful outcomes of Chief Executive John Lee’s ASEAN visit in July, organised by the HKTDC, the Summit aims to further deepen relations between Hong Kong and ASEAN as well as other emerging markets along the Belt and Road.
The Policy Dialogue, hosted by Algernon Yau, Secretary for Commerce and Economic Development of the HKSAR, focused on Multilateral Cooperation for an Interconnected World. Invited ministerial-level officials from ASEAN and Central Asia who explored opportunities for multilateral cooperation include: H.E. Lim Lork Piseth, Secretary of State, Ministry of Commerce, Cambodia; Rachmat Kaimuddin, Deputy Coordinating Minister, Maritime Affairs and Investment in Infrastructure and Transportation, Indonesia; Arman Kassenov, Vice-Minister of National Economy, the Republic of Kazakhstan.
One highlight of the first day was the Business Plenary chaired by Professor KC Chan, Chairman of WeLab Bank. This session featured Ding Yanzhang, Chairman of Power Construction Corporation of China; Clara Chan, Chief Executive Officer of Lee Kee Group; Dato’ Seri Cheah Cheng Hye, Co-Chairman and Co-Chief Investment Officer of Value Partners Group; Shinta Widjaja Kamdani, Chief Executive Officer of Sintesa Group. They discussed Hong Kong’s role in promoting multilateral business cooperation as well as strategies that global companies are adopting in response to the latest international situation. In the evening, a cocktail reception took place with welcoming and opening remarks from Dr Peter K N Lam, and Sun Yu, Vice Chairman and Chief Executive of Bank of China (HK) Limited. Algernon Yau, Secretary for Commerce and Economic Development of the Hong Kong SAR, also delivered special remarks.
The Keynote Luncheon featured a welcome address by Paul Chan, Financial Secretary of the HKSAR Government, opening remarks by Chen Liang, Chairman of the Board of Directors and Chairman of the Management Committee of China International Capital Corporation Limited, and a keynote speech by Dilma Rousseff, President of New Development Bank.
Comprehensive analyses of topical issues on the first day of the thematic breakout session As the Belt and Road Initiative enters its next golden decade, there is increasing demand for efficient, one-stop legal and dispute resolution services. A thematic breakout session titled Building a Green, Sustainable and Innovative Silk Road through Hong Kong’s Legal and Dispute Resolution Services was co-hosted with the Department of Justice of the HKSAR. The session began with welcome remarks from Paul TK Lam, Secretary for Justice of the HKSAR Government, featuring business leaders from the Hong Kong International Arbitration Centre and law firms. Another thematic breakout session on the first day was co-hosted with the Insurance Authority, titled Role of Captive Insurance in Supporting Belt and Road Initiative.
Additionally, the Summit co-hosted the Mainland-Hong Kong Trade In Services Symposium with the Ministry of Commerce of the People’s Republic of China (MOFCOM). This symposium analysed the latest developments across various sectors, driving service innovation along the Belt and Road, with representatives from leading companies in telecommunications, AI and professional services. The Symposium also features a pavilion brought by MOFCOM, which brings together exhibitors in the fields of green technology, business services and cultural trade to showcase China’s achievements in trade in services to global buyers, and to build a platform for collaboratively exploring the international market.
Debut Green Chapter highlights Hong Kong’s green advantages This year’s Summit introduces a new Green Chapter, featuring a series of thematic breakout sessions related to green construction, innovation and finance, allowing participants to explore ways of developing green businesses leveraging Hong Kong as a platform.
The Charting Green Development for a Connected World session discussed strategies for optimising green infrastructure development. It was co-hosted by the China International Contractors Association. The speakers at this session were: Chen Zhong, Vice General Manager of China Communications Construction Group Limited; Harry Lai, Executive Director of Hong Kong Green Building Council; Wu Yun, Deputy General Manager of China Energy Engineering Group Co., Ltd; Rex Wong, CEO of Kam Shing Group; and Mi Zhihui, Vice President of Shanghai Municipal Engineering Design Institute (Group) Co., Ltd.
Second Business Plenary to explore opportunities in the Middle East Tomorrow’s Business Plenary will be chaired by Ronnie C. Chan, Honorary Chair of Hang Lung Properties Limited. The business plenary, which will explore opportunities in the Middle East and other Belt and Road markets, will feature: Mohamed Abduljabbar Alkoheji, Second Vice-Chairman of the Bahrain Chamber of Commerce and Industry; Bonnie Y Chan, Chief Executive Officer of Hong Kong Exchanges and Clearing Limited; Peter Fekete, Group CEO of 4iG from Hungary; Eric Ip, Group Managing Director of Hutchison Port Holdings Limited from Hong Kong; Iqbal Khan, Chief Executive Officer of Fajr Capital from UAE; and Bui Kim Thuy, Deputy CEO of VinFast from Vietnam.
Two new thematic breakout sessions will also take place tomorrow – Multi-dimensional Connectivity under the Belt and Road Initiative and People-to-people Exchanges through Business and Cultural Collaboration – discussing progress in transport connectivity and ways in which economic and cultural exchanges can enhance mutual understanding. The Green Chapter will also have two sessions tomorrow on Smart and Green Silk Road and Developing Viable Sustainable Infrastructure Projects. Two sessions from the Finance Chapter will discuss how businesses can seize financial services opportunities in the Belt and Road via Hong Kong to expand in ASEAN and the Middle East and the impact of financial innovation and technology on BRI development. A Youth Chapter session brings together young business leaders to talk about the ways in which youth can harness opportunities presented by the BRI.
19 MoUs signed on Day 1 19 Memoranda of Understanding (MoUs) signed on the first day of the Summit. Signatories of the 4 G2G MoUs and 15 B2B MoUs comprised government and businesses from the Middle East and ASEAN, including the United Arab Emirates, Indonesia, Malaysia and Vietnam as well as Australia. Areas covered include infrastructure, energy and sustainable development. This year’s Summit continues to offer investment and business matching services, including one-to-one project matching meetings and project investment sessions. The business matching service provides a full range of options, in both physical form on 11-12 September and online on 16-17 September, with more than 280 investment projects expected to be matched and more than 800 one-to-one project matching meetings taking place.
The Summit continues to feature an exhibition area showcasing more than 100 exhibitors across three distinct zones: the Hong Kong Zone, Global Investment Zone and InnoTech Zone. The Hong Kong Zone highlights the services and business advantages of Hong Kong service providers. The Global Investment Zone presents large-scale investment projects, cultural and technological developments as well as global investment opportunities. The InnoTech Zone showcases cutting-edge innovations, AI, digital technologies and solutions from around the world.
The Strategic Partner for the 9th Belt and Road Summit is Bank of China International Capital Corporation Ltd. The Banking Partner is Bank of China (Hong Kong) Limited. The Global Connectivity Partner is the Hongkong and Shanghai Banking Corporation Limited. The New Economy Partner is Standard Chartered. The Diamond Sponsor is Huatai International Financial Holdings Company, while China Mobile International Limited, China National Petroleum Corporation, China Telecom Global and China Unicom Global Limited are Platinum Sponsors.
About HKTDC The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.
SMI Vantage Limited (SGX: Y45) (“SMI” or the “Company”), a Singapore-based investment and management company listed on the mainboard of the SGX is pleased to announce the acquisition of a controlling interest in Whisky Cask Club (“WCC”). This move marks a significant step in SMI Vantage’s strategy of investing in innovative businesses with high growth potential.
Whisky Cask Club is a premier brokerage firm based in Singapore, specialising in the investment and trading of casks of rare and ultra-premium whisky. With over 50 years of combined experience in the Scottish whisky industry, the company partners with exclusive suppliers to provide clients access to some of the most sought-after casks available in the market.Mark Bedingham, President and CEO of SMI Vantage, stated, “This is a major acquisition which is transformative for SMI Vantage and is expected to become the leading growth contributor for SMI driving rapid increase in revenues and the overall profitability of the Group. The partnership with Alex Knight will allow considerable growth around the region and beyond from its Singapore base and aligns perfectly with our strategy to diversify into high growth businesses that are immediately revenue and profit generating.”Alexander Knight, CEO and Co-Founder of Whisky Cask Club remarked, “Joining forces with SMI Vantage and partnering with its CEO Mark Bedingham will create the conditions for acceleration of the growth path that WCC has been on for the last few years. With Mark’s help, we will look to open several major new international markets and bring the excitement and pleasure of investing in, as well as experiencing, the extraordinary whiskies that we can bring to the world.”https://links.sgx.com/1.0.0/corporate-announcements/2RJ2U427QZN8ZI47/815867_20240815_SMI%20Invests%20in%20the%20Whisky%20Cask%20Club.pdfAbout SMI VantageSMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy, including Food and Beverage related businesses, technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.Whisky Cask ClubThe Whisky Cask Club has a combined 50 years of experience in the Scottish whisky industry. We have partnered with some of the most exclusive suppliers of Scottish whisky to give our clients the most sought-after casks of whisky in the market. In order to be able to sell our clients casks of ultra high-end whisky, the Cask Club has partnered with ACEO Spirits and Whisky who are our official UK Duty representative.For media queries, please reach out to:Waterbrooks Consultants Pte LtdWayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707Proud Investor Relations partner:www.waterbrooks.com.sgwww.shareinvestorholdings.comwww.alphainvestholdings.com
SMI Vantage Limited (SGX: Y45) (“SMI” or the “Company”), a company listed on the mainboard of the SGX and The9 Limited (Nasdaq: NCTY) (“The9”), is pleased to announce the signing of a Cooperation Agreement to strengthen their partnership in Bitcoin (BTC) mining and identify new opportunities for collaboration in artificial intelligence while building on the existing relationship between the 2 companies.
Key highlights of the agreement:1. SMI Vantage plans to host up to 100 of The9’s bitcoin machines that have processing power above 120 Terahashes per second (120 TH and above) at its East Malaysia facilities.2. SMI Vantage will explore for the benefit of both parties new digital mining locations in Southeast Asia and the Middle East, targeting facilities with 5 MW power supply (capacity for 2,000 machines and above).3. The companies will look for opportunities to collaborate on AI technology opportunities, further to The9’s recent investments in retail and educational AI technologies.Mark Bedingham, CEO of SMI Vantage, commented: “This agreement deepens our partnership with The9 and aligns with our strategy to expand our digital-mining operations. It also opens up opportunities for us in SAAS related businesses by identifying possible opportunities with our partners The9. This collaboration expands on the companies’ existing relationship, which includes SMI’s previous acquisition of digital-mining machines from The9.”The cooperation agreement takes effect on August 1st, 2024.About SMI VantageSMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including Food and Beverage related businesses, technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances.About The9 LimitedThe9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 aims to become a global diversified high-tech Internet company and is engaged in blockchain business including the operation of cryptocurrency mining. The9 is also stepping into AI application business in different industries.For media queries, please reach out to:Waterbrooks Consultants Pte LtdWayne Koo – wayne.koo@waterbrooks.com.sg +65 9338-8166Derek Yeo – derek@waterbrooks.com.sg +65 9791-4707Proud Investor Relations partner:https://www.waterbrooks.com.sg/, https://www.shareinvestorholdings.com/ and https://www.alphainvestholdings.com/
Fabwelt and Blockpass are delighted to announce a partnership as the blockchain game ecosystem secures its WELT gamingverse against the threat of fraud and other illicit activity. In doing this, Fabwelt continues its mission to create a level playing field for the diverse range of high-end and casual games where players can seamlessly interact with digital assets and can enjoy all the benefits of blockchain in a gaming environment.
Seeking to redefine gaming in the virtual space, Fabwelt is creating the largest high-end gaming ecosystem on the blockchain. Players can enjoy sports, racing, FPS and many other genres that Fabwelt provides for the Web3 game expert to experience. Offering play-to-earn games and a seamless integration of NFTs, Fabwelt also opens up revenue streams for its users to match real-world value to virtual entertainment. Fabwelt offers a host of exciting opportunities alongside in-game and universal NFTs, including avatars, an educational platform, statistical analysis, enhanced gameplay and graphics, and a focus on security and compliance.
Blockpass, known as “Web3’s OG Identity Verifier,” has pioneered reusable identities and crypto-native KYC/AML solutions. Its turnkey suite of compliance tools is designed to lower onboarding costs, automate remediation, prove humanity and protect against malicious actors, fraudulent activities, bots, and AI. Businesses can set up services quickly, test them for free, and start verifying users. With around one million verified identity profiles, Blockpass facilitates instant onboarding, and to date over a thousand businesses have taken advantage of this opportunity to benefit from Blockpass’ compliant network.
“As CEO of Fabwelt Studios, I am excited about our collaboration with Blockpass, a leader in identity verification for the Crypto Economy.” said Abhishek Pegada, Fabwelt CEO. “This partnership marks a significant step towards improving user experience by implementing robust KYC, KYB, and AML solutions. By working together, we aim to not only simplify compliance processes but also to bolster trust and security within our platform. We are dedicated to innovating and providing our users with a seamless and trustworthy digital transaction experience.”
“We’re delighted to be able to partner with Fabwelt and provide simple, secure and efficient compliance services to their rapidly expanding ecosystem.” said Blockpass CEO Adam Vaziri. “Gaming services have the potential to grow blockchain engagement through fun and rewarding methods and Fabwelt is doing just that. Assisting Fabwelt in providing meaningful earning opportunities to a whole new audience is an example of exactly what we designed Blockpass for.”
Through this collaboration, Blockpass and Fabwelt will open up safe and secure avenues for anyone who wants to engage with gaming and earning opportunities in Web3, pushing the evolution of play-to-earn gaming through tokenization and decentralized engagement whilst ensuring the highest standards of regulatory compliance.
About Blockpass
Ditch tedious onboarding and say hello to seamless compliance with Blockpass, the ultimate turnkey solution for KYC, KYB, and AML. Experience the market’s most efficient and cost-effective compliance suite, built by seasoned compliance veterans and crypto-natives. Automate compliance processes, eradicate fraud, and onboard globally with confidence. Verify businesses worldwide, launch bank-grade verification for your organization, and instantly activate compliant KYC/AML for DeFi, exchanges, token launchpads, NFT mintings and beyond. Through Blockpass’ decentralized network of a million pre-verified crypto-enthusiasts and a thousand pre-verified businesses, you can expand your reach effortlessly. Leverage Advanced KYC BotTM for intelligent remediation, On-Chain KYC® for data-free anonymity, and Unhosted Wallet KYCTM to meet Crypto Travel Rule regulations. Join Animoca Brands, Cardano, Polygon, Chainlink, Delta Exchange, National Geographic, TinyTap, Seedify, ChainGPT, Iskra and many more in partnering with Blockpass for compliance you can trust, growth you can accelerate and an experience you can enjoy. Join the cutting edge of secure, streamlined onboardings.
Fabwelt is a ground-breaking concept that integrates blockchain technology into the heart of high-quality games of all types and genres. With in-game NFTs, Play to Earn, and DEFI, we create a high-end gaming ecosystem and enhance the fun. A multi-genre gaming ecosystem that includes genres such as 3D First Person Shooter, Action-Adventure, Simulation, Strategy, Fantasy, and many others. In-game NFTs as assets, collectibles, and strategic utilities resurrect the fun of Blockchain gaming.
We incorporate all of our games into a never-before-seen digital reality. This is referred to as the Gamingverse. We provide the technology to have never-ending fun with features like Universal NFTs, digital cross-game identification, and multi-tiered tournaments, which are powered by gamers.
We invite you to: Join the Fabwelt Discord, where you can meet and engage with Welties in the community. Come and play Arsenal with the community. DM us – our team is eager to help your ideas and initiatives come to life.
RD Technologies announced today that its subsidiary, RD InnoTech Limited, has been admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). Among the first batch of entities to join the sandbox, RD Technologies will conduct testing for various use cases of its proprietary Hong Kong Dollar stablecoin, “HKDR”, such as digital asset trading and cross-border trade payments.
Today’s announcement represents a major milestone for RD Technologies mission to help develop the financial infrastructure for the Web3 ecosystem in Hong Kong through the issuance of reliable and trustworthy stablecoins compliant with high regulatory standards.
“We are honoured to be amongst the first batch of entities to participate in the HKMA sandbox,” said Norman Chan, Chairman of RD Technologies. “RD Technologies remains committed to the mission of offering innovative solutions to help enrich the financial infrastructure that is essential in building Hong Kong as the Web3 hub of the world.”
“We are excited to be participating in the HKMA’s sandbox arrangement. My team at RD Technologies is fully ready to communicate with the HKMA closely and demonstrate our superior technical capability, robust risk management and user friendly stablecoin solutions that are in compliance with high regulatory standards. RD Technologies will continue to contribute to the development of the Web3 ecosystem in Hong Kong.” said Rita Liu, CEO of RD Technologies.
About RD Technologies: RD Technologies Group (“RD Technologies”) deploys innovative Fintech solutions to connect the business world by trust. RD Technologies is a unique financial platform that connects the Web2 and Web3 world and market participants through the provision of an HKMA licensed B2B digital wallet for fiat money, which was launched in November 2023, and Hong Kong Dollar stablecoins to be tested shortly under the HKMA sandbox. Based in Hong Kong and facing the world, RD Technologies’ mission is to facilitate cross-border trade and financial transactions through the provision of efficient, safe, and innovative payment solutions for businesses, thereby contributing to the development of Hong Kong as a trade and financial hub in Asia.
The world of Web3 holds great promise for the future, and stablecoins play a crucial role in this evolving landscape. RD Technologies plans to engage regulated exchanges globally as well as payment partners to enable more cost and time-efficient cross-border payments and settlements. By leveraging our strong partnerships with licensed financial institutions, RD Technologies aims to drive the mainstream adoption of HKDR. Additionally, RD will develop innovative use cases that showcase the benefits of compliance, ensuring the safety and security of HKDR to all its users.
For details: https://rd.group
About HKD Stablecoin (HKDR): HKDR is the Hong Kong dollar stablecoin that RD Technologies is exploring to launch. HKDR’s value will be 1:1 in Hong Kong dollars, and its backing reserves will be made up of high-quality, highly liquid assets safe-kept in a segregated custody account with licensed financial institutions. Details of the reserves will be available to the public through independent third-party attestation reports published on a regular basis.
