Technology

Checkout.com becomes first Global PSP to launch Octopus, the leading payment method in Hong Kong, for online payments

Published

2 hours ago

October 9, 2024

Checkout.com is the first global digital payments provider to offer Octopus as an online payment method for merchants.Octopus, the leading payment method in Hong Kong, boasts an impressive 98% penetration among its 7.5 million residents, making it the most popular payment method in the region.This new offering enhances Octopus’ portfolio of Alternative Payment Methods (APMs), driving better performance and providing significant benefits for merchants with a business presence in Hong Kong or those operating e-commerce or retail platforms catering to Hong Kong residents.

HONG KONG, Oct. 9, 2024 /PRNewswire/ — Checkout.com, a leading digital payments provider, today announced a strategic partnership with Octopus, Hong Kong’s first homegrown global fintech, to enable online payment for customers of Hong Kong’s leading payment choice – becoming the first global payment service provider (PSP) to add Octopus as a payment option at check-out.

Octopus, the dominant payment experience in Hong Kong, boasts an impressive 98% penetration among the city’s 7.5 million residents. Initially introduced as the world’s first contactless card for multimodal transportation in 1997, Octopus has evolved into a versatile payment system, now widely used for retail, shopping, and food and beverage transactions at home and abroad.

In a strategic move to stay competitive in a market where digital-first payments are increasingly expected, Octopus has been driving the shift toward digital payments in Hong Kong. Since launching its mobile app in 2012, there are now more than 4.5 million Octopus wallets. With its ecosystem partners, the company continues to drive mobile payment adoption in Hong Kong, as well as expansion of interoperable payments in Mainland China and overseas. Through this integration, Checkout.com empowers merchants targeting Hong Kong residents to offer a seamless, tech-forward payment experience that meets the evolving expectations of consumers.

The collaboration will make Octopus more accessible to merchants seeking a secure, efficient digital checkout experience, while also enhancing merchants’ payment performance. Checkout.com’s offering includes the integration of Octopus’s online payment solutions through Octopus mobile app.

Brian Sze, General Manager, APAC at Checkout.com, said: “Catering to local payment preferences is crucial for success in the Hong Kong market. Our strategic partnership with Octopus underscores Checkout.com’s commitment to investing in our Asia footprint, delivering localized payment solutions that empower merchants to thrive in this dynamic region.”

Edwin Lai, Head of Business Development and International Business at Octopus, said: “At Octopus, we pride ourselves for making everyday life easier. This partnership with Checkout.com will enhance and broaden the payment experience not just for our customers, but also merchants within Hong Kong and beyond. We anticipate robust demand from global and local businesses eager to access Hong Kong’s consumers. We hope this collaboration will help support the growth of the city’s digital commerce.”

*ENDS*

About Checkout.com

Checkout.com processes payments for thousands of companies that shape the digital economy. Our global digital payments network supports over 145 currencies and delivers high-performance payment solutions across the world, processing billions of transactions annually.

With flexible and scalable technology, we help enterprise merchants boost acceptance rates, reduce processing costs, combat fraud, and turn payments into a major revenue driver. Headquartered in London and with 16 offices worldwide, Checkout.com is trusted by leading brands such as Sony, Shein, Sainsbury’s, Wise, GE Healthcare, and The Financial Times.

Checkout.com. Where the world checks out.

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About Octopus Cards Limited (Licence Number: SVF0001)

Operating under the Stored Value Facilities Licence, Octopus Cards Limited (OCL) provides innovative offline and online Octopus payment services to meet customers’ diverse payment needs. Launched in 1997 by OCL, the Octopus system in Hong Kong is one of the world’s leading and most extensively accepted contactless smartcard payment systems. Its aspiration is to bring diversity and inclusion in payment to customers of all facets of life.

Today, more than 24 million Octopus cards and products are in circulation; spanning businesses including public transport, parking, retail, self-help services, schools, and leisure facilities, and access control for residential and commercial buildings. There are almost 190,000 Octopus acceptance points in the market. Octopus’ application has been extended to online and mobile payment arenas with services including Octopus on iPhone and Apple Watch, Octopus on Samsung Pay, Octopus on Huawei Pay, Octopus App, Octopus Wallet, Octopus Mastercard® and UnionPay, bringing new payment experiences to customers.

The Octopus Group exports its unique experience and technology overseas, offering consultancy services across the world. The mission of OCL is simple: Making everyday life easier. For more information about OCL, please visit www.octopus.com.hk.

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SOURCE Checkout.com

Technology

StreamFab Accelerates Innovation with Frequent Launch of New Services

Published

5 mins ago

October 9, 2024

From July to the present, it has introduced support for several VIP services, including WOW TV, NOW, Myfans, TVer, and WOWOW, showcasing an astounding pace of innovation. We invite everyone to continue anticipating StreamFab’s future endeavors.

LOS ANGELES, Oct. 8, 2024 /PRNewswire-PRWeb/ — StreamFab, the industry-leading video downloader, has announced an impressive rate of innovation as it continues to roll out new services and features. Since its launch in 2018, StreamFab has achieved over 100 million downloads globally, solidifying its position as a go-to solution for avid streamers. Notably, the application has maintained an average of 50+ updates each year, enhancing user experience and expanding its capabilities.

Since July 2024, StreamFab has introduced support for multiple premium services including WOW TV Downloader, NOW Downloader, myfans Downloader, TVer Downloader, WOWOW Downloader, etc. This rapid expansion reflects the company’s commitment to meeting the diverse needs of its user base by consistently integrating new content options into its platform.

As part of its ongoing strategy, StreamFab is dedicated to providing users with the latest tools to enjoy their stream videos offline. By purchasing the StreamFab All-in-One package along with the New Product Guarantee (NPG), users can access all newly launched services free of charge within the validity period of the NPG. Given StreamFab’s current pace of development, this offering presents exceptional value for users looking to maximize their streaming experience.

“We are thrilled to continue our streak of innovation at StreamFab,” said Erika, Marketing of StreamFab. “Our team is working tirelessly to enhance our services and provide our users with the best video downloading solutions available. We believe that our recent additions will only serve to elevate our users’ experience.”

As StreamFab forges ahead, users can expect even more exciting developments and features in the near future. Stay tuned for further updates from StreamFab as it continues to push the boundaries of video downloading technology.

Media Contact

Erika Leen, DVDFab Software, 1 07452217410, erika@dvdfab.cn, DVDFab Software

Twitter

View original content:https://www.prweb.com/releases/streamfab-accelerates-innovation-with-frequent-launch-of-new-services-302270933.html

SOURCE StreamFab

Technology

ACT³ to Embrace the GIGA and AI eras

Published

1 hour ago

October 9, 2024

SAO PAULO, Oct. 9, 2024 /PRNewswire/ — At 2024 LATAM Fiber Broadband Leaders Summit, Gary Lu, President of Huawei Carrier Network Marketing & Solution Sales Dept, delivered a speech titled “ACT3 to Embrace the GIGA and AI eras”. “ACT” is the revenue model of fixed broadband business. A means ARPU, C is about coverage of service, and T stands for take-up rate. Coverage multiplies Take-up rate is about user base, and ARPU is the key to increase the revenue.

Gary Lu analyzed the rapid development of carriers’ optical broadband networks and AI technologies in LATAM and across the world. He also proposed three development strategies — all-optical transition, gigabit transition, and scenario transition. “ACT” to the power of three, means the three transitions is the way to increase the user base and the revenue of FBB service, and it will also bring the quality of digital life to LATAM.

All-Optical Transition: Accelerating Cable-to-Fiber Transition to Secure Business Success of Broadband Services

Currently, the number of FTTH users in LATAM is experiencing a significant increase. Fiber broadband has replaced traditional cable broadband as the leading form of broadband. The fiber broadband service is one of fastest-growing business in LATAM and the CAGR of FTTH subscription is over 20% since 2021. Many local carriers have greatly improved O&M efficiency, and gained significant business returns by developing FTTH services. The fiber broadband market has great potential. Meanwhile, with large-scale production, the cost of FTTH equipment is being optimized. Therefore, now is a good time to invest in the construction of FTTH.

Gigabit Transition: Acceleration and Quality Improvement, Meeting Digital and AI Service Requirements

Gigabit optical broadband achieves higher network speeds, and plays a critical role in meeting digital and AI service requirements. For example, 4K/8K live streaming, VR service, and home office require sufficient bandwidth. Wi-Fi 6, Wi-Fi 7, and Huawei’s iFTTR F50 solution, can help carriers expand Wi-Fi coverage and explore business opportunities for gigabit smart home. So, the gigabit transition is also an opportunity for the future.

Industry predicts that in the next three years, the proportion of 500Mbps+ broadband users will reach 30%, while the proportion of gigabit broadband users will reach 10% in LATAM.

Scenario Transition: Providing Diversified and Scenario-Specific Services to Explore Personalized User Market

The application scenarios of optical broadband are no longer limited to traditional home entertainment. Amid the continuous growth of network speeds and Internet services, many diversified application scenarios like home office and live streaming emerge. In LATAM, the growth of the live streaming economy and rider economy intuitively showcases the business potential of optical broadband for carriers in new scenarios. Huawei is willing to explore innovative business models and provide services that better meet users’ personalized requirements with carriers.

In the AI era, its development relies on massive data, powerful computing, and high-speed networks, which happen to be the carriers’ strengths. Carriers can build home hub with media computing hosts to connect smart devices, and provide better services. Provide high-speed and stable network support for AI applications through technologies such as FTTR. Use powerful AI in the cloud with smart devices to offer personalized services. Within these, carriers can seize the opportunity of the AI era.

Huawei is developing ICT business in LATAM over 20 years, and willing to share business experience and the support technology. Huawei will be one of the best strategic partners for carriers to embrace more business opportunities in the GIGA and AI era for digital LATAM.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/act-to-embrace-the-giga-and-ai-eras-302270845.html

SOURCE Huawei

Technology

The Asia Pacific Enterprise Awards 2024 Regional Edition Honors Thailandpost Co., Ltd. with Awards Under the Corporate Excellence and Inspirational Brand Categories

Published

1 hour ago

October 9, 2024

SINGAPORE, Oct. 9, 2024 /PRNewswire/ — Presented by leading regional NGO Enterprise Asia, the Asia Pacific Enterprise Awards (APEA) 2024 Regional Edition proudly celebrated Asia’s leading business leaders and enterprises that are guiding the future of inclusive entrepreneurship.

At the APEA 2024 Regional Edition, Thailandpost Co., Ltd. (THP) gained recognition under the Corporate Excellence and Inspirational Brand Categories. The organization’s business is divided into five categories: (1) Transport and logistics services, focusing on Domestic Express Mail Service; (2) Mail services with Domestic Letter Post being the main service; (3) International services focusing on International Express Mail Service; (4) Retail business with envelopes and carton boxes being the main products; and (5) Financial services focusing on Cash on Delivery Service.

THP positions its brand as “Your Trusted Power” by maintaining its value as a companion to Thai people since its early days. The company creates value by being an organization of stability and a brand that’s ever-ready to deliver power to Thais by providing a diverse range of quality services, and an ability to meet the diverse needs of customers through its varied business groups.

Through its success in operations covering both enhancement of service quality and long-term commitment to the creation of a reputable brand image, THP was able to enjoy profits again in 2023, after being affected by constant price competition in 2021-2022.

The company also considers it essential to develop its personnel in line with its operational direction to drive the organization to sustainability. This is done either by encouraging the personnel to attain lifelong learning skills, learning the skills required to carry out their duties and develop new skills, or by constantly evaluating the personnel’s competency in order to prepare a development plan in accordance with their determined career paths.

THP is determined to be a navigator that connects every business-customer relationship to success at every destination. It will also be working to continuously develop by adjusting its operational direction in order to increase its service network from a physical network to a digital one via its significant projects.

PR Newswire is the Official News Release Distribution Partner of the Asia Pacific Enterprise Awards (APEA) 2024 Regional Edition.

About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine towards sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are an investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplift the economic status of people across Asia, and ensure a legacy of hope, innovation, and courage for future generations. Please visit www.enterpriseasia.org for more information.

About Asia Pacific Enterprise Awards
Launched in 2007, the Asia Pacific Enterprise Awards is the region’s most prestigious award for outstanding entrepreneurship, continuous innovation, and sustainable leadership. The Award provides a platform for companies and governments to recognize entrepreneurial excellence, hence spurring greater innovation, fair business practices, and growth in entrepreneurship. As a regional award, it groups together leading entrepreneurs as a powerful voice for entrepreneurship and serves as a by-invitation-only networking powerhouse. The program has grown to encompass 16 countries/regions and markets all over Asia. For further information, please visit www.apea.asia.

View original content:https://www.prnewswire.com/apac/news-releases/the-asia-pacific-enterprise-awards-2024-regional-edition-honors-thailandpost-co-ltd-with-awards-under-the-corporate-excellence-and-inspirational-brand-categories-302270870.html

SOURCE Enterprise Asia