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BBMSL Partners with PayMe by HSBC to Enhance Payment Options for Hong Kong Customers

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HONG KONG, July 22, 2024 /PRNewswire/ — BBMSL, a leading payment solutions provider in Hong Kong, announced a strategic collaboration with PayMe by HSBC today, becoming a payment acquirer for one of the territory’s most popular digital wallet. This partnership allows BBMSL’s merchants to provide PayMe as a secure and convenient payment option for their customers.

Expanding Payment Options and Strengthening Support for SMEs
With over 3.2 million users and a network of over 67,000 merchants, PayMe has become an essential part of Hong Kong’s digital payment landscape. By integrating PayMe into our existing infrastructure, BBMSL strengthens its commitment to supporting its vast network of SME merchants. This collaboration allows SMEs to cater to a wider customer base and provide a seamless checkout experience that aligns with customers’ preferred payment methods.

Gerald Yu, CEO of BBMSL, expressed his enthusiasm for the collaboration, stating:
“We are thrilled to become payment acquirer of PayMe by HSBC to providing our merchants with an additional payment option. The demand for digital wallets among Hong Kong consumers is growing, especially for PayMe. This collaboration reinforces BBMSL’s commitment to offering innovative payment solutions. We hope that this initiative will assist merchants in boosting sales, attracting new customer groups, and thriving in the digital age.”

Brad Jones, Head of PayMe by HSBC, said: “BBMSL was founded in 2017, the same year PayMe was launched in Hong Kong. Both of us are also committed to providing safe and secure payment solutions for merchants of different sizes, including the small and medium enterprises (SMEs) that make up over 90 per cent of businesses in Hong Kong. The partnership will allow BBMSL’s merchants to access the large user base of over 3.2 million PayMe users in Hong Kong, unlocking new opportunities.”

Beyond PayMe: A Diverse Payment Landscape
BBMSL has played a pivotal role in shaping Hong Kong’s payment landscape by offering innovative and secure payment solutions, especially in the SME sector. We are committed to staying at the forefront of the industry, continuously developing solutions that meet the evolving needs of both businesses and consumers. BBMSL offers its merchants a wider range of payment solutions, ensuring merchants can cater to a wider range of customer preferences.

About BBMSL
BBMSL is the leading payment solutions provider in Hong Kong, founded in 2017. We serve as both a payment service provider and an acquirer. We empower over 18,000 local and international business partners to solve payment issues and provide one-stop merchant services. Our payment service is fully compliant with the PCI DSS standard, the highest level of security in the industry, ensuring the protection of merchants’ and customers’ private information. Partner with BBMSL for a smoother, safer payment experience.

About The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited is the founding member of the HSBC  Group. HSBC serves customers worldwide from offices in 62 countries and territories. With assets of US$3,001bn at 31 March 2024, HSBC is one of the world’s largest banking and financial services organisations.

PayMe SVF License No:  SVFB002

Media Contact:

BBMSL
Joey Leung
Chief Strategy Officer
Corporate Communications Department
+852 3910 5519
joey.leung@bbmsl.com 

BBMSL
Peggy Ng
Director, Regional Partnerships Growth
Regional Partnership Growth Department
+852 3910 5575
peggy.ng@bbmsl.com

HSBC
Matthew Liu
matthew.p.s.liu@hsbc.com.hk
+852 2288 0156

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SOURCE BBMSL Limited

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Expo enhanced by China-ASEAN cooperation

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BEIJING, Sept. 27, 2024 /PRNewswire/ — A report from China Daily:

The 21st China-ASEAN Expo, which is taking place in Nanning, Guangxi Zhuang autonomous region, aims to increase consensus, deepen mutually beneficial cooperation, and enhance China-ASEAN collaboration to an unparalleled level.

The expo, which commenced on Tuesday and will run until Saturday, is marked by several new initiatives. Notably, it provides a novel theme focusing on strategic emerging industries, spotlighting cutting-edge advancements and technological breakthroughs in such areas as digital technology, green low-carbon initiatives, new energy and smart connected vehicles.

Moreover, the expo introduces a high-tech product exhibition area tailored for ASEAN countries, a first-time feature that showcases technical progress made in healthcare, information technology, new energy and other key sectors. It aims to support high-tech ASEAN enterprises in expanding their market presence in China and beyond.

The 21st CAEXPO is to include an open day, offering businesses enhanced market visibility and granting the general public a firsthand experience of the concrete outcomes resulting from practical cooperation between China and ASEAN countries.

This year’s expo boasts an exhibition area spanning nearly 200,000 square meters and has attracted the participation of more than 3,000 companies, with Malaysia taking the spotlight as the “theme country”.

Malaysian government officials are set to participate in dialogues with Chinese enterprise CEOs, fostering better understanding of the country’s investment policies and aiding the exploration of overseas markets.

At the 21st CAEXPO, the United Arab Emirates has confirmed its participation as a “special partner country”, marking a historic moment as it becomes the first Gulf Cooperation Council member to attend.

The UAE has established a national pavilion to display its investment environment, key industries and cooperative projects, promoting direct dialogue and partnerships between enterprises.

Through extensive discussions, they will collaborate on trade, tourism, investment, finance, and technology, jointly develop new areas and partnership frameworks to strengthen the bilateral economic and trade ties.

The expo also features a dedicated China-ASEAN cultural exchange exhibition zone, highlighting examples and collaborative accomplishments in this field.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/expo-enhanced-by-china-asean-cooperation-302260938.html

SOURCE China Daily

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Huawei Unveils the Xinghe Intelligent Autonomous Driving Network Solution, Accelerating Digital and Intelligent Transformations Across Industries

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SHANGHAI, Sept. 27, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, the “Xinghe Intelligent Autonomous Driving Network” session successfully brought together over 100 representatives from enterprises, industry experts, and partners. During this session, Huawei introduced the industry’s first L4 autonomous driving network solution — Xinghe Intelligent Autonomous Driving Network, paving the way for comprehensive digital and intelligent transformations across various sectors.

As AI technologies reach critical milestones and AI applications approach a tipping point, industries are increasingly adopting AI solutions. Also, the rapid advancement of computing power has led to the widespread implementation of digital twins and various large language models (LLMs), driving network intelligence into a new phase of rapid development. The integration of these new technologies into the network domain is becoming inevitable.

To address these advancements, Huawei launched the Xinghe Intelligent Autonomous Driving Network solution for enterprises. Wang Hui, President of NCE Domain at Huawei Data Communication Product Line, emphasized that the solution features a three-layer architecture comprising intelligent network elements (NEs), digital twins, and an intelligent brain. It integrates foundational capabilities, including the 10B-level-corpus telecom foundation model and cloud-map algorithm powered simulations, to create an L4 autonomous driving network capable of self-identifying risks, autonomously resolving faults, and self-verifying changes. This solution offers an AI-assisted O&M expert designed for various industries, including finance and education.

Intelligent NEs: These NEs can sense comprehensive data — including services, traffic, and applications — within milliseconds, providing essential data for network-wide intelligence and significantly enhancing the processing efficiency of underlying network devices.Digital twins: The network digital map creates a multi-dimensional, real-time visualization of the network, allowing for online simulations. It offers a lightweight operations and maintenance (O&M) solution that facilitates trial and error, accelerating the innovative iteration of network operations.Intelligent brain: Utilizing the telecom foundation model, this component accurately interprets user intentions through natural language, transforms user requirements, and dynamically invokes various scenario-based AI agents, achieving end-to-end network intelligence.

As AI model technologies continue to evolve and deepen in application, Huawei remains committed to ongoing research and development, striving for more precise intelligent decision-making and efficient automated management across various scenarios, ultimately helping customers’ networks advance towards L4 high-level intelligence.

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China Arbitration Summit 2024 and China-MENA Arbitration Summit Held in Beijing

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BEIJING, Sept. 27, 2024 /PRNewswire/ — The China Arbitration Summit 2024 and China-MENA Arbitration Summit was successfully held in Beijing on September 26, under the theme “International Arbitration Transcending Eras.” Nearly 500 attendees from 47 countries and regions, including government officials, leaders from international organizations, and representatives from major arbitration institutions, judges, arbitrators, lawyers, scholars, and business professionals, participated in the event. 

The forum achieved practical results, contributing to strengthening legal cooperation, advancing international arbitration, and supporting the global economic order.

Ren Hongbin, Chairman of the China Council for the Promotion of International Trade (CCPIT) and the China International Economic and Trade Arbitration Commission (CIETAC), highlighted that CIETAC has solidified China’s leading position in arbitration. He emphasized that CIETAC aims to contribute further to high-quality international arbitration development, global economic recovery, and the building of a shared future for humanity.

Li Mingzheng, Vice Minister of Justice of China, stated that CIETAC’s independent, fair, and efficient arbitration services are widely recognized domestically and internationally. He emphasized the need for continuous innovation in arbitration, further development of rules, and enhanced international collaboration to build a global brand for arbitration services.

Wang Shumei, a senior justice and member of the Supreme People’s Court of China, shared measures taken by Chinese courts to innovate in arbitration and improve their role in global governance. She affirmed that Chinese courts will continue to foster a favorable legal environment for the advancement of international arbitration.

In a video message, Anna Joubin-Bret, Secretary-General of the United Nations Commission on International Trade Law (UNCITRAL), reaffirmed UNCITRAL’s commitment to addressing the new opportunities and challenges posed by modern dispute resolution.

Ismail Selim, President of the International Federation of Commercial Arbitration Institutions (IFCAI), stressed that arbitration must evolve to align with the era’s trends of digitization and interconnectedness, promoting shared vision, adaptability, inclusivity, and global integration.

The forum saw the launch of the “2024 International Arbitration Cooperation Initiative”, led by CIETAC and supported by arbitration institutions primarily from the Middle East and North Africa. The initiative aims to enhance cooperation among international arbitration bodies and contribute to building a community of shared future through arbitration.

CIETAC signed cooperation agreements with six international arbitration and legal service institutions, establishing mechanisms for joint research projects, co-hosted training, mutual recommendations of arbitrators, and shared use of facilities.

The summit was organized by Guangxi CA Panorama Group.

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