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OwlTing Teams Up With Visa to Streamline Cross-border Payments

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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.

 

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SOURCE OwlTing Group

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SUS ENVIRONMENT has formally signed the agreement for Indonesian Makassar Waste-to-Energy Project

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JAKARTA, Indonesia, Oct. 1, 2024 /PRNewswire/ — On September 24th, Shanghai SUS Environment Co., Ltd. and the Makassar City Government of Indonesia formally signed the Concession Agreement for the Makassar Waste-to-Energy Project. The signing ceremony was witnessed by Dr. Ridha Yasser, Assistant Deputy Minister of Energy of Maritime and Investment Coordination Ministry, as well as leaders from the Makassar Environmental Department, KPPIP, Finance Department, Government Procurement Policy Bureau, and Economic Coordination Department.

At the signing ceremony, Dr. Ridha Yasser, Assistant Deputy Minister of Energy, stated, “The implementation of this project represents a pivotal advancement in Indonesia’s transition to a clean energy future. The introduction of advanced waste treatment technology will not only help Indonesia address its municipal waste issues but also contribute to optimizing the country’s energy structure.”

Mr. Jiao Xuejun, Chief Technology Officer of SUS ENVIRONMENT, stated, “The Makassar Waste-to-Energy Project is not only a crucial component of SUS Environment’s global strategic blueprint but also a significant milestone in Indonesia’s march towards a green energy era and the innovation of its waste management system.” 

He further emphasized that SUS would leverage its technological and managerial strengths to ensure the simultaneous achievement of environmental, social, and economic benefits, working alongside various sectors in Indonesia to promote environmental protection and contribute to the well-being of local communities and global environmental improvement.

The waste-to-energy project, located in Makassar, the capital of South Sulawesi Province in Indonesia, has a construction scale of 1,300 t/d and is equipped with 2 x 650 t/d incineration lines and a 1 x 35MW turbine & generator. 

The project is expected to commence construction in 2024 with an estimated total investment of approximately USD 200 million, with operations scheduled to begin by the end of 2026. With a total investment of approximately USD 200 million, the project is expected to commence construction in 2024 and commence operations by the end of 2026. The project will address Indonesia’s urgent waste management challenges while also significantly reducing greenhouse gas emissions.

During construction, it will create numerous job opportunities for the local community and drive the development of related industries in Indonesia, reinforcing the country’s commitment to carbon neutrality goals and sustainable development efforts.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sus-environment-has-formally-signed-the-agreement-for-indonesian-makassar-waste-to-energy-project-302262361.html

SOURCE Shanghai SUS ENVIRONMENT Co.,Ltd.

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Panasonic Holdings to Keynote at CES 2025

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Yuki Kusumi, Group CEO, will take the stage

ARLINGTON, Va., Oct. 1, 2024 /PRNewswire/ — Emphasizing how technology touches all facets of our lives, the Consumer Technology Association (CTA)® announces Yuki Kusumi, Group CEO, Panasonic Holdings Corporation, as an opening keynote speaker for CES® 2025. Mr. Kusumi and Kinsey Fabrizio, CTA President, will share the news and discuss what to expect at CES 2025 during an event in Tokyo, Japan today.

“WELL into the Future is our theme for CES 2025,” said Mr. Kusumi. “The Panasonic Group’s legacy of social contribution – informed by our seven founding principles – continues to drive our actions as we work to fulfill our Founder’s vision of making today better than yesterday, tomorrow better than today.”

“WELL into the Future” embodies the idea that the Panasonic Group, through innovations and a commitment to addressing social issues, is leading the development of a wave of cutting-edge solutions to help achieve this vision for a better future.

The Panasonic Group, in collaboration with an ever-growing array of strategic partners who share its values and aspirations, continues to pursue the realization of this vision, not only through its products, technologies, and services, but also through its business activities – including the development of green energy technologies and circular economy practices to help address the urgency of the climate crisis.

With a long and distinguished career in research and development (R&D) and company management, Mr. Kusumi is passionate about innovation, digital transformation, and combatting environmental issues for a better, brighter future for everyone.

“Panasonic and CTA thrive on our abilities to recognize and drive trends in innovation and society,” said Gary Shapiro, CEO, CTA. “Under the leadership of Mr. Kusumi, Panasonic’s latest vision for a smart energy future and wellbeing is likely to move markets once again.”

During the keynote, the Panasonic Group will introduce new initiatives that focus on innovative technologies to enhance the sustainability of society, as well as the health, comfort and safety of families and individuals, and will demonstrate that the Panasonic Group is taking a new step towards realizing the future it aims for.

“As a participant in the first CES in 1967 and each one since then, Panasonic has built decades of innovation that prioritize people,” said Fabrizio. “With a keen eye for the future, we know that Mr. Kusumi will offer insights on how technology will affect many facets of our lives.”

Mr. Kusumi speaks following the CTA State of the Industry Address at 8:30 a.m. PT on January 7, 2025, in the Palazzo Ballroom at the Venetian. Dive into comprehensive wellbeing for us and our planet. For the latest information on CES 2025, visit CES.tech and register here.

About CES®: 
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA)®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.

About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.

About the Panasonic Group: 
Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022 with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of 8,496.4 billion yen for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/ 

 

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Electronic Caregiver and Samsung Electronics America Join Forces to Reveal Transformational Chronic and Aging Care Solutions at HLTH 2024

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Addressing the Challenge of Chronic Conditions with Addison Care and Samsung Electronics America

LAS VEGAS, Sept. 30, 2024 /PRNewswire/ — Today, one in three people worldwide live with multiple chronic conditions, impacting 2.7 billion global citizens. In America, the situation is even more severe, with an estimated 42% of citizens affected. Common conditions include hypertension, heart disease, stroke, diabetes, cancer, kidney disease, and respiratory illnesses. These chronic illnesses often lead to depression and behavioral health challenges, placing a significant physical, psychological, and emotional toll on patients. Alarmingly, 50% of treatment failures are due to non-adherence to care plans, such as medication management, lifestyle changes, and vitals monitoring. This non-adherence predominantly occurs at home, away from clinical oversight. Until now, there has been no scalable way to identify and address this issue.

Electronic Caregiver introduces Addison Care, an AI-driven 3D Virtual Caregiver that operates 24/7 in the patient’s home. Addison monitors and improves treatment adherence, performs automated wellness checks and vitals monitoring, provides companionship, manages medication schedules, and assists with daily tasks and routines. Addison is now available on Samsung tablets, mobile devices, and other Samsung smart home devices. At HLTH 2024 in Las Vegas, Addison will be showcased on Samsung tablets and integrated with Samsung’s newest Galaxy Watch7, which features FDA-approved vitals monitoring.

Revolutionizing Digital Health and Connected Care

Together, Electronic Caregiver and Samsung are transforming digital health and connected care, not only at home but throughout the entire patient journey—from clinic to hospital to home. With the increasing number of chronically ill patients, 55 million aging adults in the U.S., and 53 million family caregivers, the combination of Electronic Caregiver’s Addison Care solution with Samsung’s hardware, software, and security is a groundbreaking innovation.

Comprehensive Care Solutions

The combined solutions improve care outcomes, reduce social isolation, support mental health, extend functional independence, and enhance the quality of life. Addison, powered by Samsung, applies a three-phase strategy:

Engagement and Assistance: Addison protects, serves, educates, and entertains with interactive engagements for daily care and tasks, including gamification.Continuous Health Monitoring: Addison provides continuous health monitoring, early identification of health changes, facilitates timely interventions, and optimizes care coordination.Companionship and Connectivity: Addison offers companionship, on-demand virtual primary care, 24/7 emergency response, auto fall detection, and features to improve memory, concentration, and motor skills. It integrates with a centralized TeleCare operation where care coaches and nurses provide additional support.

Tailored for Diversity and Personalization

Electronic Caregiver and Samsung are dedicated to patient-centric care solutions. Addison is designed to be reliable, easy to use, and highly effective, tailored to personal choices, ethnicities, cultural preferences, languages, and health circumstances. Configurations are available for home, hospital, clinical support, senior living communities, home care providers, and other key stakeholders.

Innovative Interactive Features

Addison features highly engaging scenes with interactive objects, creatures, toys, musical instruments, plants, and surprises. It celebrates holidays, faith-based events, birthdays, and sporting events with users, maintaining constant engagement with endless animations.

Statements from Leadership

Anthony Dohrmann, CEO of Electronic Caregiver, Inc., states, “Addison, enhanced by Samsung, is the most unique, advanced experience for human-technology interaction ever created. The world will be surprised by what we’ve achieved for both user engagement, and care.”

Cherry Drulius, Healthcare Director at Samsung Electronics America adds, “Samsung believes digital health and connected care are the future. With Addison and Virtual Care available on Samsung devices, we can improve health outcomes, support self-care, and enhance wellness for countless individuals.”

For more information about Addison Care and the partnership with Samsung Electronics America, visit www.electroniccaregiver.com 

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SOURCE Electronic Caregiver

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