Connect with us

Technology

OwlTing Teams Up With Visa to Streamline Cross-border Payments

Published

on

TAIPEI, Sept. 30, 2024 /PRNewswire/ — OwlTing Group (“Company”), a global blockchain fintech company, today announced plans to implement Visa Direct solutions under a global agreement with Visa, a world leader in digital payments to provide real-time cross-border payments for individual and business customers. This agreement will provide OwlTing an opportunity to potentially reach over 8.5 billion endpoints[1] in Visa’s payment network worldwide.

With Visa Direct, OwlTing can allow its U.S. customers to transfer money seamlessly across regions through OwlPay®, its Web2 and Web3 hybrid payment solution in two phases of integration of the Company’s payment services with Visa Direct solutions. The Company aims to complete its integration with Visa Direct Account[2] and Visa Direct Card[3] solutions by the end of 2024 and by the end of the first quarter of 2025, respectively.

Corporate users that need to pay their business partners overseas or individual users such as parents who want to transfer funds to their children studying abroad can leverage OwlPay® as a fast, secure, and cost-effective solution to make instant money transfer transactions.

“We’re excited to work with Visa to streamline new standards for how businesses and consumers move money across borders,” said Darren Wang, Founder and CEO at OwlTing Group. “This collaboration will enable OwlPay® to support payouts in over 160 currencies to more than 190 regions worldwide once fully integrated. Together, OwlPay® can visualize the future of payments and create new possibilities for a more interconnected world.”

“Visa has been looking for like-minded partners like OwlTing,” commented Jakub Petri, Senior Director of Global Visa Direct at Visa. “With Visa Direct’s global reach and reliability, this empowers OwlTing to offer their clients faster and more dependable international transactions. Their ambition aligns with our shared vision of transforming global payments and driving growth together.”

After completing the first phase of the integration, OwlPay® will be able to utilize the Visa Direct Account solution to meet its various client needs, including cross-border business disbursement and peer-to-peer (P2P) transfers. Users in the U.S. will be able to send money from their bank accounts or debit cards via OwlPay® to proceed with payouts to 26 key regions[4] in the Americas, Europe and Asia.

In the next phase of integration, OwlPay® expects to expand its service through the Visa Direct Card solution to allow users to use credit cards to initiate cross-border transactions that could clear seamlessly within seconds. The integration makes it easier for OwlPay® users in the U.S. to transfer funds directly to eligible bank accounts, cards, and wallets in even more regions around the world.

“OwlTing will be in a good position to support businesses by saving costs and improving efficiency with our Web3 payment solution,” said Darren Wang. “We can also address pain points in cross-border transactions between the U.S. and high-demand markets such as Brazil, Peru, and Mexico[5] where we believe most individual users prefer to use digital money transfers for remittances.”

About OwlPay

OwlPay® is a Web2 and Web3 hybrid payment solution that provides multiple payment methods available for real-time clearance and settlement of transactions, such as fiat currency, stablecoins, and commercial cards and account payables. OwlPay aims to effectively helps businesses save costs and enhance operational efficiency, creating a brand-new FinTech experience. For more information, visit https://www.owlting.com/owlpay/?lang=en.

About OwlTing Group

Founded in 2010, OwlTing is a global blockchain fintech company based in Taiwan and has branch offices in the U.S., Japan, Singapore, Hong Kong, Thailand, and Malaysia. In 2022, it was selected by KPMG and HSBC as “the Leading 3 Emerging Giants in Taiwan“. With the mission to usher in the digital transformation of traditional payment processes, while ensuring legal compliance, OwlTing introduced OwlPay®, a Web2 and Web3 hybrid payment solution, to empower global businesses to operate confidently in the evolving digital landscape. For more information, visit https://www.owlting.com/portal/?lang=en.

[1] Based on Visa’s Q3 2024 Earnings Conference Call Transcript, and the Visa Direct Fact Sheet, available on Visa’s website.

[2] The Visa Direct Account solution enables money to be pushed into bank accounts to complete business payouts, P2P transfers, app withdrawals, and more.

[3] The Visa Direct Card solution provides AFTs and OCTs mechanisms. It enables payment service providers such as OwlTing and Visa to facilitate the movement of funds to designated cards or accounts.

[4] Key Regions include Canada, Argentina, Colombia, Peru and Mexico in the Americas; Austria, Belgium, France, Germany, Greece, Hungary, Italy, Lithuania, Monaco, Netherlands, Portugal, Slovakia, Slovenia, Spain and Poland in Europe; and Hong Kong, India, Japan, Malaysia, Singapore and South Korea in Asia.

[5] Based on Visa’s “Money Travels: 2024 Digital Remittances Adoption Report,” available on Visa’s website.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/owlting-teams-up-with-visa-to-streamline-cross-border-payments-302262559.html

SOURCE OwlTing Group

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

EMQ Enters New Era of Growth Following Strategic Acquisition and Brand Expansion

Published

on

By

COMMERCE, Calif., May 5, 2025 /PRNewswire/ — Enriquez Materials & Quilting (EMQ), a national supplier of mattress components and commercial quilting services, today announced a major expansion following the acquisition of key assets from A. Lava & Son Co., a refreshed brand identity, and the rollout of enhanced customer-facing capabilities. With expanded operations in Commerce, Chicago, Phoenix, and Stockton, EMQ is positioned to better serve wholesale and commercial clients across the United States.

Enriquez Materials & Quilting expands production of quilted materials and mattress components across the U.S.

Building on more than 30 years of industry experience, EMQ is expanding its product offerings and investing in new machinery to deliver faster fulfillment, greater flexibility, and higher-volume precision. The acquisition strengthens EMQ’s capabilities in mattress fabrics, quilting, innersprings, and cut-and-sew manufacturing—opening new opportunities for tailored solutions at scale.

As part of its national growth strategy, EMQ engaged Anferny Rodriguez and AX3 Digital Agency to lead a full brand modernization—revamping its identity, digital presence, and market positioning to better connect with wholesale and commercial clients. EMQ’s newly launched website, www.emqinc.com, reflects the company’s expanded capabilities and growing national footprint.

“This expansion is about more than growth — it’s about delivering greater value to our customers,” said Martin Enriquez, President of EMQ. “We’re investing in capabilities that make us a stronger, faster, and more flexible partner to the industries we serve, while honoring the legacy that has defined EMQ for over three decades.”

Together with Silvia Enriquez, Vice President of EMQ, the company remains family-led and rooted in values of craftsmanship, reliability, and long-term partnership. With a renewed brand, expanded reach, and upgraded service offerings, EMQ is entering a new era of growth built for today’s wholesale and commercial markets.

For more information, visit www.emqinc.com or contact info@emqinc.com or 888-454-4274.

View original content to download multimedia:https://www.prnewswire.com/news-releases/emq-enters-new-era-of-growth-following-strategic-acquisition-and-brand-expansion-302446434.html

SOURCE Enriquez Materials & Quilting, Inc. (EMQ)

Continue Reading

Technology

Life Time Debuts Series of Complimentary Digital Classes for Moms and Kids Ahead of Mother’s Day

Published

on

By

Newly launched classes on free Life Time app empower moms and kids to stay fit and healthy together anywhere and anytime

CHANHASSEN, Minn., May 5, 2025 /PRNewswire/ — Just in time for Mother’s Day, Life Time (NYSE: LTH), the nation’s premier healthy lifestyle brand, is launching a new series of On-demand classes created with Mom and Kids in mind and available to everyone on the complimentary Life Time app.

These family centered classes are a great addition to the free, on-demand programming we offer on our Life Time app.

The classes, which range from 10 to 30 minutes long, are built to be taken from anywhere and encourage Moms to move together and build healthy habits with their kids – no matter their ages. The classes include:

Pilates Fusion with Jayme and her daughter ZoMobility with Frances and her sons Boston and PorterStrength and Core with Ashley and her daughter IzziARORA Dance with Kaylee and her daughter DaisyDANZE with Becca and her daughters Brinley and Nori

According to the CDC, regular movement for children offers numerous benefits such as improved attention and memory, decreased risk of depression, stronger bones and muscles and setting a healthy body weight. Exercising as a family can also help establish healthy habits by setting yourself as a positive role model.

“These new classes were incredibly rewarding to put together and make a great addition to the more than 100 complimentary on-demand classes we offer on the Life Time app,” said Jayme Zylstra, Executive Producer of Digital Programming at Life Time. “As a mom, I know just how impactful it is to model and share healthy habits, and these classes are an accessible way to do that together.”

To access the Mom and Kids collection, starting May 6, users can download the Life Time app in the Apple or Google Play stores and head to the “On Demand” section. The app also includes Life Time’s “Mindful May” program designed to help individuals create a daily, sustainable mindfulness habit through quick guided meditation sessions throughout the month.

The Life Time app is constantly adding to its already robust offerings featuring a wide range of training programs, classes, recipes, content and more to build healthier routines, including:

Access to Classes: Choose from hundreds of on-demand classes and livestream classes ranging from five to 60 minutes, led by top Life Time instructors.Custom Health Programs: Access step-by-step, trackable programs, including Glute Camp, 6-Week Shred, Fit & Focused, D.TOX, and a 12-Week half marathon training plan.Healthy Content: Explore thousands of editorial articles from Experience Life magazine, recipes, product recommendations, podcasts, and pickleball training videos.Life Time’s AI Companion L.AI.C: L.AI.C is being trained in all aspects of Life Time’s athletic country clubs, programs and services to quickly assist members with personalized content and recommendations that enhance their experiences and help them save time. Currently available for club members and coming soon for all users of the Life Time app.

For more information, visit www.lifetime.life/digital-app. For more information on Life Time, follow along at LifeTime.Life on Facebook and on Instagram at @LifeTime.Life and on LinkedIn.

About Life Time

Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 180 athletic country clubs across the United States and Canada, the complimentary, comprehensive Life Time app and nearly 30 of the most iconic athletic events in the country. The health and wellness pioneer uniquely serves people 90 days to 90+ years old through its healthy living, healthy aging, healthy entertainment communities and ecosystem, along with a range of healthy way of life programs and information, and the most trusted LTH nutritional supplements and products. Life Time was recently certified as a Great Place to Work®, reinforcing its commitment to fostering an exceptional workplace culture on behalf of its more than 42,000 dedicated team members.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/life-time-debuts-series-of-complimentary-digital-classes-for-moms-and-kids-ahead-of-mothers-day-302446450.html

SOURCE Life Time, Inc.

Continue Reading

Technology

Unlocking innovation: Endeavour Energy and mPrest expand partnership to enhance management of community batteries

Published

on

By

SYDNEY and TEL AVIV, Israel, May 5, 2025 /PRNewswire/ — Endeavour Energy and mPrest today announced the expansion of their strategic collaboration to deliver a dynamic market-network approach to energy storage and flexibility which enables customers, retailers and networks to work together to maximise the value of local energy resources.

 

At the heart of this expanded partnership is the broader deployment of mPrest’s Distributed Energy Resource Management System (mDERMS), which enables real-time monitoring and control of Endeavour Energy’s growing fleet of community batteries.

The mDERMS platform enables real-time optimisation of both network assets and customer-owned technologies such as rooftop solar and batteries, with advanced visibility, forecasting, and control over local demand, generation, and grid constraints – supporting smarter use of locally generated renewables while enhancing power quality, reliability, and energy flow efficiency.

By providing real-time data access to energy retailers and aggregators, the platform creates opportunities for innovative new products that expand customer choice, flexibility, and engagement to enhance participation in broader energy markets, helping to maximise customers’ use of renewable energy and strengthen grid stability.

Endeavour Energy has already deployed mDERMS to oversee its community microgrid and Virtual Power Plant (VPP) in Bawley Point and Kioloa on the NSW South Coast. This next phase will scale those capabilities to support one of New South Wales’ largest community battery initiatives.

In partnership with the Australian Government, Endeavour Energy is deploying the largest community battery program in NSW and is nearing completion in the rollout of 76 community batteries across 33 suburbs to give households access to more affordable, sustainable energy through shared renewable storage.

The integration of MPrest’s mDERMS solution will mark another significant step toward a smarter, more sustainable energy future for Endeavour Energy customers by supporting innovation and creating more flexibility in local energy markets.

Quotes attributable to Endeavour Energy

Endeavour Energy’s General Manager Future Grid and Asset Management, Colin Crisafulli: “Our vision is to lead the transition to smarter, more sustainable energy solutions which provide our customers with greater choices and access to renewable energy options for a more sustainable energy future.In partnership with the Federal Government, we are delivering the largest community battery program in NSW, and this extended partnership with mPrest will further enhance local grid resilience by increasing Customer Energy Resources hosting capacity as well as providing opportunities for retailers and aggregators to desing new products and services for our customers.” 

Quotes attributable to mPrest

mPrest Chief Executive Officer Natan Barak: echoed this sentiment, noting that the development of this critical use case demonstrates the depth of collaboration between both companies. “Now is the time for transformative change in the energy landscape, and we are proud to partner with Endeavour Energy to empower communities for a sustainable energy future,” he said. Additionally, this distinct use case highlights additional mDERMS capabilities, providing support and advantages for utilities, VPPs, retailers, C&I sectors, and customers alike. 

mPrest Chief Commercial Officer Ron Halpern: highlighted the significance of the Australian market, “We are honoured to play a pivotal role in supporting Australia’s leading renewable energy sector through key initiatives such as Endeavour Energy’s microgrid and community battery projects. As the global market evolves, Australia’s advancements in renewable CER/DER and DERMS will serve as a model for others to follow.” 

Media enquiries:
•  Endeavour Energy: 0409 664 608 CorporateComms@endeavourenergy.com.au
•  mPrest: info@mprest.com  

About Endeavour Energy 
Endeavour Energy is one of Australia’s most efficient electricity distribution networks, powering NSW’s fastest growing economies and sustaining the jobs and lifestyles of 2.7 million Australians, living, and working in Central West NSW, The Blue Mountains, Greater Western Sydney, Southern Highlands, Illawarra and South Coast of NSW.

Since 1890, we have expanded our footprint to be at the forefront of Australia’s energy industry in integrating traditional and renewable energy sources to deliver a smarter, cleaner, affordable and more reliable energy system, with clear commitments and pathways to creating sustainable value for customers and communities. Endeavour Energy is committed to decarbonising the grid by 2035. Our mission is to leverage the latest technology and data to plan the grid of tomorrow where batteries, microgrids and solar integrate seamlessly with the traditional distribution network to power communities for a brighter future.

About mPrest 
Leveraging its unparalleled experience and expertise in real-time mission-critical command and control software, mPrest has developed the world-leading distributed asset orchestration and optimization software. mPrest’s micro-services based, real-time orchestration and optimization platform brings the power of AI and IoT to the digital transformation of the energy and other industrial IOT markets. mPrest’s applications suite, including Distributed Energy Resources Management Systems (DERMS) and Asset Health Management (AHM) are deployed on premise or in the cloud in record time in the most forward-looking and efficient organizations worldwide, including some of the world’s largest energy companies. mPrest’s vendor-agnostic product suite interfaces with millions of sensors, devices, machines, assets, subsystems, IT and OT applications, creating a system of systems that provides end-to-end visibility and control over complex and distributed operations. Visit us at www.mprest.com.

Logo – https://mma.prnewswire.com/media/2679874/Endeavour_Energy_logo.jpg
Logo – https://mma.prnewswire.com/media/2679891/mPrest_logo.jpg

View original content to download multimedia:https://www.prnewswire.com/news-releases/unlocking-innovation-endeavour-energy-and-mprest-expand-partnership-to-enhance-management-of-community-batteries-302446393.html

SOURCE mPrest; Endeavour Energy

Continue Reading

Trending