Visa Reports Strong Card-Spending Growth in Q3 as Travel Demand Persists
Visa reported a robust 9% growth in card-spending volume, reaching US$3.17 trillion in the last quarter, surpassing Wall Street’s expectations. The surge was driven by strong consumer demand for travel and dining out, indicating a positive outlook for the industry despite concerns about interest rate hikes. 27 July 2023 – Visa Inc. reported robust card-spending growth in the fiscal third quarter, surpassing Wall...
Unleashing the Power of AI: Alibaba Cloud Upgrades AnalyticDB for Seamless Customized Applications
Alibaba Cloud introduces an advanced AnalyticDB vector engine that simplifies access to large language models (LLMs) for enterprises, facilitating the development of customized generative AI applications. The cloud provider also launches ApsaraDB HTAP, a powerful solution combining PolarDB and AnalyticDB, to offer unified data management and analysis capabilities, empowering international customers with efficient and cost-effective...
TerraPay and Safaricom Partner to Enable Cross-Border Payments in Southeast Asia
TerraPay and Safaricom have partnered to create a financially inclusive payments ecosystem, allowing for seamless cross-border payments in Southeast Asia. This collaboration will empower users with secure and swift payment options, fostering financial empowerment and independence in the region. TerraPay, a leading global payments infrastructure company, has joined forces with Safaricom, a prominent Kenya-based telecommunications, IT,...
Qashier Unveils Revolutionary QashierX2 Smart POS Terminal to Empower SMEs
Qashier, the fintech startup, introduces the QashierX2 smart POS terminal, an innovative all-in-one solution empowering SMEs with seamless payment acceptance and streamlined operations, consolidating various digital payment options and essential business functionalities in a single device. 27 July 2023 – Singapore-based fintech startup, Qashier, has introduced its latest innovation, the QashierX2, an advanced smart point-of-sale...
Fortifying Digital Lives: Kaspersky Unveils Enhanced Cybersecurity Portfolio for Malaysia Users
Kaspersky introduces an advanced consumer protection portfolio for Malaysia, featuring enhanced security, privacy, performance, and identity features to tackle the increasing cyber threats faced by users. The new range of products ensures comprehensive protection and a seamless user experience across various platforms. 27 July 2023 – Kaspersky, a globally recognized leader in cybersecurity solutions, has taken a significant step...
Rising Tide of Ransomware Hits Education Sector: Sophos Report Unveils Alarming Cybersecurity Trends
The education sector witnessed a concerning surge in ransomware attacks, with 79% of higher educational organizations and 80% of lower educational organizations experiencing incidents in 2022, according to Sophos’ “The State of Ransomware in Education 2023” report. Paying the ransom resulted in higher recovery costs and longer downtime, prompting the cybersecurity firm to recommend bolstering defensive shields and...
Line Man Wongnai Strengthens Restaurant Management with FoodStory Acquisition
Line Man Wongnai, a major Thai food delivery player, has acquired startup FoodStory to enhance its restaurant management operations, including the POS system and mobile merchant app. The acquisition aligns with Line Man Wongnai’s goal to improve efficiency and innovation in the restaurant industry. 25 July 2023 – Thai food delivery giant, Line Man Wongnai, has made a significant move by acquiring FoodStory, a specialized...
Malaysia Paves the Way for Strategic Investors with Immigration Facilitation and Digital Nomad Pass
Malaysia introduces an immigration facilitation program to attract strategic investors with investments valued at RM5 billion or more, offering them streamlined Residence Pass Talent (RP-T). Additionally, the Digital Nomad Pass is introduced for nomad workers in the manufacturing sector, aiming to stimulate investment, boost the competitiveness of the local workforce, and encourage digital entrepreneurship. 25 July 2023 – The...
Shopee Singapore Unveils Strategic Initiatives to Empower Retailers and Enhance Online Shopping Experience
Shopee Singapore introduces strategic initiatives to empower retailers, including next-day delivery for selected sellers, enhanced coins cashback programme, preferential shipping rates, and access to MariBank’s business banking suite. The platform also offers 30% vouchers during Shopee Live sessions to engage buyers in real-time and foster an interactive shopping experience. 25 July 2023 – Shopee Singapore, a leading...
Amazon Global Selling Launches Cross-Border Brand Launchpad to Empower Singapore MSMEs in E-commerce Expansion
Amazon Global Selling introduces the ‘Amazon Global Selling Singapore Cross-border Brand Launchpad’ program in collaboration with Enterprise Singapore and Singapore Business Federation, empowering over 100 local MSMEs to launch and scale their brands in the U.S. through tailored account management support. Additionally, a knowledge collaboration will provide essential cross-border e-commerce learning opportunities to at...
