Category: Fintech & Chains

VietinBank and JCB launch VietinBank JCB Ultimate Vietnam Airlines Credit Card in Vietnam

VietinBank, one of the largest commercial banks in Vietnam, Vietnam Airlines (VNA) and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the launch of VietinBank JCB Ultimate Vietnam Airlines Credit Card in Vietnam.

This is the highest line of JCB cards for individual customers in Vietnam with a special promotion and premium privileges to enhance the experience of luxury life.

For the promotion, VietinBank JCB Ultimate Vietnam Airlines Credit Cardholders receive an Accor Plus Traveler card which provides discounts at more than 1,100 restaurants and 800 hotels in the Accor group; an automatic upgrade to VNA Lotusmile Titan membership card. New cardmembers with minimum spending of thirty million (30,000,000) VND within the first 6 months shall be entitled to receive 20,000 VNA reward miles. Furthermore, top spending cardmembers have a chance to receive a pair of business class return tickets for any flight route of Vietnam Airlines each month. VietinBank JCB Ultimate Vietnam Airlines Credit Cardholders shall be upgraded to VNA Lotusmile Gold membership upon reaching 25,000 reward miles.

In addition, VietinBank JCB Ultimate Vietnam Airlines Credit Cardholders are offered free golf & hotel stay at 4 golf courses in the FLC Golf Resorts group; free access to 3 international lounges at Noi Bai, Da Nang & Tan Son Nhat airports, as well as over 57 airport lounges in Japan, Singapore, South Korea, Thailand, Hawaii and China.

Moreover, VietinBank JCB Ultimate Vietnam Airlines Credit Cardholders are entitled to a number of other privileges such as global travel insurance packages up to 10.5 billion VND; accumulating 01 VNA reward miles for each 20,000 VND retail spending; upgrade to VietinBank Priority group; 24 hours / 7 days a week global support through a free hotline when booking car rental, hotels, restaurants and golf in Japan.

About JCB

JCB is a global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 30 million merchants as well as cash advance locations around the world. JCB cards are now issued in 24 countries and territories, with more than 130 million cardmembers. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
JCB Co., Ltd.
Kumiko Kida
Corporate Communications Department
Tel: +81-3-5778-8353
E-Mail: kumiko.kida@jcb.co.jp

FastWealth partners with DriveWealth to bring U.S. fractional shares investment to Asia

FastWealth Venture Limited (“FastWealth”), founded by Mr. Alex Kong, Founder and Chairman of TNG Fintech Group, a leading fintech group in Asia, announced today a strategic partnership with DriveWealth, LLC. (“DriveWealth”), a U.S. based leader in global digital trading technology. FastWealth is an innovative platform enabling financial institutions and e-wallets to deliver easy, fun, and affordable investment experience of buying and selling U.S. listed shares to their customers.

Today, individual investors in Asia face a costly and challenging process to partake in the U.S. stock market, including but not limited to, long processing or deposit delays, and a commitment of a minimum of one unit of share in the world’s reputable brands.

DriveWealth will serve as an executing broker for U.S. fractional shares under this partnership. By removing the investment challenges, FastWealth enables financial institutions and e-wallets to have the flexibility for their customers in choosing any amount to invest in U.S. stocks, and making U.S. stock investment affordable and accessible to individuals whom are new to investment and thus opening up new customer segmentations.

“We are excited to partner with DriveWealth to deliver easy, fun, and affordable investment opportunities in Asia. Now everyone can invest with your loose change for U.S. listed shares. We look forward to seeing how quickly we can bring never-before-seen products to market together and empower a new segment of potential investors”. says Mr. Alex Kong, Founder of FastWealth.

The partnership between DriveWealth and FastWealth aims to bring the future of investing quickly and easily to their customers regardless of their wealth, location, or sophistication.

About FastWealth
FastWealth is an innovative platform enabling financial institutions and e-wallets to deliver easy, fun, and affordable investment experience of buying and selling U.S. listed shares to their customers. For more information, please visit www.fastwealth.vc

FinTech Company OKLink Wins Deloitte “Hong Kong Rising Star”

LEAP Holdings Group Limited (“the Group”; Stock code: 1499) is pleased to announce that OKLink Fintech Limited (“OKLink”), a wholly-owned subsidiary of the Group, was awarded the “Hong Kong Rising Star” by Deloitte in 2019 HK Tech Fast 20 and Rising Star Program on 8 November 2019. The award recognizes OKLink’s leading position in the industry segment and ample room for growth.

OKLink focuses on the R&D and application of blockchain technology. The company provides blockchain services and applications, including stablecoin, blockchain, big data, and blockchain asset custodian services. With the Hong Kong government actively promoting technology and innovation, OKLink continues to seek breakthroughs in innovation with leading technology and win-win business model and has become a successful case of diversified development of Hong Kong’s technology industry with its broad and high growth potential. (www.oklink.com)

Jeffrey Ren, the CEO of OKLink, attended the award ceremony and participated in the panel discussion with the theme of “Innovation and Entrepreneurship in Hong Kong” held on the same day, and Lukas Petrikas, Co-Head of HKEX Innovation Lab, HKEX (388), David Harrity, Managing Director of Growth Propositions of HSBC, and Norma Chu, the founder of DayDayCook, shared their experiences and insights on innovation and technology of Hong Kong.

Jeffrey Ren, the CEO of OKLink stated that, “Many local businesses in Hong Kong have given strong support to sci-tech companies, and the Hong Kong government has made a lot of efforts to this end. The new regulations promulgated by the Securities & Futures Commission of Hong Kong and the news that licenses will be issued to virtual asset exchanges are an intangible support. In this fast-changing era of digital economy, with the support of policies and regulatory environment, innovative sci-tech companies with core technological competences will have much better growth potential and greater market share.”

The event was hosted by Deloitte China, Cyberport and Hong Kong Science and Technology Park as strategic partners, and was jointly organised by Prizm Group and Spark Ventures as Diamond Sponsors. Other supporting organizations include Alibaba Entrepreneurs Fund, Beyond Ventures, HKEX and Radiant Tech Ventures. The judges conduct a strict review on the founding team, technology innovation, industry prospects and company valuation. Hong Kong Rising Star winners are eligible for the Deloitte China Rising Star Program.

MX Token Officially Launched on Huobi Global

SINGAPORE, Nov 4, 2019 – (ACN Newswire) – MX, token of MXC Trading Platform, was officially launched on Huobi Global on Oct 30, 2019. A new landscape among digital-asset trading platforms around the globe may be shaping.

MX token witnessed a gain of more than 700% in latest half year. It is the platform token of MXC Trading Platform issued for its ecosystem construction. It enables users, members and contributors to participate the ecosystem improvement. 

In general, the price of platform token is closely correlated with the development of the platform. In some words, it is a ruler for measuring the real-power of a platform. It reflects a platform’s comprehensive power in technology, operation, capital, as well as the developing potentials. A healthy development of a platform is often followed by the surge of its token price. 

The latest data displayed that the registered users on MXC Trading Platform has touched the 3 million mark. According to CoinMarketCap statistics, MXC ranks in the top ten on the global trading platforms, and monthly trading volume and traffic volume have also maintained rapid growth. Up to now, MXC has more than more than 200,000 users per day, and daily trading volume more than 1000 million US dollars, which is roughly the same as Binance. It can be estimated that MXC obtained $450,000 profit from trading fees in September. It is remarkable when compare it with the same month last year with a mere $10,000. It can be calculated the trading fee profit increased by over 50 times.

The launching of MX token on Huobi Global is about to open another big traffic path, which, of course, will largely increase its market liquidity and improving the real value. From another perspective, Huobi Global choosing to launch MX token maybe also because it sees the potential of MXC Trading Platform. 

MXC PRO FOUNDATION LTD.
Amanda
yuzhu@mxc.co
www.mxc.co

CoinEx Chain launches Nodes Election, Hoo.com joins with 4 Nodes Partners

Hosted by CoinEx Chain Foundation, the “CoinEx Chain Global Nodes Election Launch Conference” was successfully held in Shenzhen today (Oct 16), marking the official launch of CoinEx Chain’s nodes election. More than 500 blockchain practitioners, including investors, KOLs, technical and financial experts, top institutions and media attended the conference to witness this important milestone for CoinEx Chain.

During the conference, Eddie Jiang, CMO of CoinEx, introduced the detailed rules for becoming one of CoinEx Chain’s 42 nodes and the related rewards. The profits of nodes are mainly from block production rewards and transaction fees. CoinEx Foundation will offer 350 million CET (CoinEx Token) in total as block production reward.

Next, Hoo.com, RockX, IFWallet and CETDAC were selected to join CoinEx Chain’s nodes election. The founders of these entities each attended the conference and expressed bullish opinions of CoinEx Chain. “We strongly recognize the vision of CoinEx Chain and are willing to become nodes and participate in ecosystem building”, Ruixi Wang, founder of Hoo.com said on the conference.

Exploring the Next Generation Public Chain

Each of the core team members of CoinEx Chain delivered keynote speeches to attendees about the mission, design concept and prospects of CoinEx Chain.

Haipo Yang, founder & CEO of CoinEx, had this to say on the conference. “Public chain is the most important infrastructure, or even the essence, of the blockchain industry. The ultimate goal of CoinEx Chain is to lead the next generation of public chain for decentralized finance.”

Jiazhi Jiang, Lead Developer of CoinEx Chain, introduced the team’s technology innovation in solving current bottlenecks in the public chain. “Currently, the development of public chains faces many problems: performance, expansibility, privacy protection, cross-chain, and so on. CoinEx Chain’s solution is the parallelism of dedicated public chains: DEX Chain, Smart Chain and Privacy Chain, each of which performs its own functions, by cross-chaining for both high performance and flexibility.”

CoinEx Chain World Tour

Following the Shenzhen conference, the CoinEx Foundation will continue World Tours with stops in Shanghai, Wuzhen, Beijing, Singapore and Hong Kong, showcasing CoinEx Chain’s innovation to blockchain professionals and recruit node partners from around the world. The core team members will introduce the product design concepts and future development plans of CoinEx Chain. Attendees can talk directly to the core team members, discuss the prospects of CoinEx Chain and exchange views on the nodes election.

About CoinEx Chain

CoinEx Chain is the world’s first public chain designed exclusively for Decentralized Exchange (DEX). CoinEx Chain aims to create a decentralized trading system with community-driven operations, transparent trading rules, and self-controlled user assets. Besides the DEX Chain, CoinEx Chain will also include a Smart Chain, supporting smart contracts, and a Privacy Chain, protecting users’ privacy. Ultimately, CoinEx Chain will become a perfect ecosystem, powered by parallel public chain architecture.

Follow CoinEx Chain on Social Channels:
Twitter: https://twitter.com/CoinExChain
Facebook: https://www.facebook.com/CoinExChainOfficial/
Telegram: https://t.me/CoinExChainOrg

Payvil partners with Hong Kong’s TNG FinTech Group to provide Global Payment Services

Emolize Co., Ltd (“Emolize”), a Korean cross-border mobile payment platform, announced its expansion in global payment services through its mobile application named “Payvil” to Hong Kong and Thailand in September 2019, with further expansion reaching about 16 countries by the end of 2019.

Payvil users can top-up their preferred amount into their e-wallets while travelling abroad, and obtain a bar-code or QR-code for conducting payments directly to the overseas merchants. “By launching our global payment services in Hong Kong and Thailand in September 2019, we also plan to expand our services to about 16 countries, including but not limited to, Japan, Vietnam, and the United Kingdom, by the end of the year.” Therefore, Korean can pay at any store when they are travelling abroad solely with Payvil.” said Mr. Kim Eui-Soon, CEO of Emolize.

Payvil also entered into a contract with GEA Limited, a fully owned subsidiary of TNG FinTech Group Inc. (“TNG”), providing “Global E-money Alliance” (“GEA”) platform, to jointly offer financial services in about 10 countries. The GEA platform creates great synergy through leveraging resources and capabilities among the affiliates across different countries. Mr. Kim added, “by joining the alliance and integrating our roadmap and services, the transaction fees could be significantly minimized for users.”

“We are excited to join hands with Payvil for business expansion across the globe. Businesses are always looking for scaling their operations and unlocking cross-border business growth. Through this collaboration, we are able to close the gap between markets, create new user experience, and improve efficiency drastically. Consumers from around the world can make a purchase for any product or service either online or offline, and make payment through our GEA platform seamlessly and simultaneously without having to use any global bank account, credit, debit or prepaid card.” said Mr. Alex Kong, Founder and Chairman of TNG.

Apart from TNG Wallet in Hong Kong, the partnership with GEA shall help Payvil merchants gain access to more than 10 new markets via the GEA platform. The GEA platform currently covers the Mainland China, Hong Kong and over 160 countries including the Philippines, Indonesia, Singapore, Malaysia, Thailand, Vietnam, India, Sri Lanka, Bangladesh, Nepal, Pakistan, and European Union countries, which provides 24X7 cash-in and cash-out services to its users through a network of over 5,000 banks and over 400,000 cash pick-up points globally.

In the past, most of the domestic mobile payment applications could not provide fast payment services globally because it requires extensive communication and partnership with other payment providers.

In order to solve the business pain-points and enhancing customer experience, Payvil entered into contracts with representative merchant operators instead of conducting and managing contracts with individual merchants. To conclude, Mr. Kim said “Payvil is also preparing the services of charging up local transportation IC cards and deliver the services in different countries in the near future. We believe these new features would benefit our users a lot.”

About Emolize Co., Ltd
Emolize Co., Ltd (“Emolize”) is a cross-border mobile payment platform located in the Seoul Startup Hub of Korea, a government-affiliated business incubator organization in Seoul. Seoul Startup Hub provides corporate support of space, promotion and investment matching to Emolize. Its e-wallet — Payvil did a great presentation on 10th SparkLabs in December 2017 and was selected as one of the most supporting enterprises on the 6th Hanwha Corporation DreamPlus in 2019.

About TNG Fintech Group
TNG Fintech Group (“TNG”) is an investment holding company dedicated to impact investing. TNG invests into companies that provide financial and digital inclusion services to all segments in the society. TNG is committed to create positive, scale-up social impact, and boost living standard across Asia. The following are the 4 leading companies that provides global financial and digital inclusion transformation: TNG Wallet, WalletKu, Tranglo, and Global E-money Alliance (“GEA”).

About GEA Limited
Global E-money Alliance (“GEA”) is the first and the only global social banking platform enabling the interoperability between banks, e-wallets, and merchant network for the real-time money movement. Equipping traditional financial institutions with cross-platform instant messaging and P2P call functions to deepen user engagement. It effectively minimizes the transaction cost while expanding transaction reach across alliance both online and offline.

SOCASH and JCB set their sights on Cardless Currency Exchange service for Tourists

SOCASH, a Singapore-based fintech startup, today announced its’ foray into the foreign exchange market with plans of a global partnership with JCB Co., Ltd., the international payment brand and dominant card issuer and acquirer in Japan. This collaboration is an initiative to offer cardless cash withdrawal services at highly competitive FX rates, eliminating chances of extreme withdrawal fees at ATMs. The planned service will add convenience and safety for Japanese tourists visiting popular locations in Southeast Asian countries, which have very low card penetration and high card fraud risks. Together, they plan to bring this service into effect after Spring 2020.

To use this service, consumers will need to initially register their credit card information on the SOCASH app, using their smartphones to withdraw cash without having to use their cards at multiple outlets and convenience stores. In order to eliminate the risk of card theft or skimming, JCB and SOCASH plan to incorporate best in class security measures including tokenization, a 2nd factor authentication method to ensure reliability and security for cardmembers while using the app.

Through this partnership, SOCASH aims to completely negate the risks involved in using ATMs while travelling overseas. This collaboration will also benefit travelers who are on the lookout for best foreign exchange rates as this service will offer low exchange rates compared to moneychangers.

SOCASH CEO, Hari said, “ASEAN tourism is growing exponentially. As travel patterns shift beyond popular cities, it’s often hard to find an ATM or a moneychanger. This partnership is set to add convenience for travelers and diversify our offerings as we move beyond the conventional foreign exchange services for adventurous people travelling far & wide.”

Since the launch of SOCASH services in March 2018, users have surpassed 130,000 among a population of 5.6 million and processed over 1.5 million transactions with 1,400 merchants in partnership. The company raised US$6 million in its latest series B funding round led by Glory Ltd in July, and is looking to scale up its penetration in ASEAN markets including Malaysia, Indonesia and Hong Kong.

About SOCASH
SOCASH is a Singapore-headquartered FinTech company that aims to improve cash distribution and liquidity management by creating the largest cash network in the world powered by mobile devices. The goal is to convert every shop and customer into a virtual cash distribution network starting in Asia. The company is the first recipient of the Monetary Authority of Singapore’s FTSI Grant under the Proof of Concept scheme. The company is backed by prominent venture capital firms including Vertex Ventures (VC subsidiary of Temasek Holdings), Glory Ltd, Standard Chartered Ventures & SPH Ventures. For more information about SOCASH, please visit www.socash.io

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 payments solution provider, JCB is commited to providing responsive and high-quality services and products to all customers worldwide. For more information: www.global.jcb/en.

SOCASH Contact:
Dipti Jaiswal
dipti@redhill.asia
Tel: +65 8339 3149