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Visa Reinvents the Card, Unveils New Products at Singapore Fintech Festival 2024

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SINGAPORE, Nov. 6, 2024 /PRNewswire/ — The way people pay and get paid has changed more in the past five years than in the last 50. Consumers have evolved, adapting to new payment experiences – from the advent of embedded, digital commerce to the rapid growth of different payment methods. Visa is announcing a suite of new products and services that will be available in Asia Pacific. These solutions are set to ­reinvent the card and address the future needs of businesses, merchants and consumers, and the financial institutions that serve them.

“The payments landscape is changing rapidly, and it is impacting the interactions between consumers and businesses,” said TR Ramachandran, Head of Products and Solutions, Asia Pacific, Visa. “For Visa, this is an opportunity to deliver innovations that enhance payment experiences across Asia Pacific with greater flexibility, security, and convenience. Visa is committed to meeting the evolving demands of consumers and merchants, ensuring seamless and secure payments.”

Visa is showcasing its new products and solutions at Singapore Fintech Festival Hall 2, Booth 2E17. These innovations, which will begin to roll out across Asia Pacific, include:

Visa Flexible Credential 

Visa Flexible Credential allows a single card product to toggle between payment methods. Consumers can easily set parameters or choose whether they use debit, credit, “pay-in-four” with instalments or even pay using rewards points all via the same, single Visa credential. Since debuting the Olive card in Japan with Sumitomo Mitsui Card Company (SMCC)[1]  just over a year ago, there are now over three million SMCC cardholders taking advantage of the Visa Flexible Credential. The solution is currently available in Hong Kong, Japan, the Philippines, Singapore, Thailand and Vietnam.

Visa’s new wallet payment experience

Utilising its network expertise, Visa connects different types of payments, giving consumers more ways to pay, regardless of form factor, whether online or offline and at point-of-sale terminals. Soon, consumers will be able to use their everyday wallets to scan and pay at any merchant that accepts Visa via scanning enabled QR codes at merchants outside of their domestic markets.

Visa is working with QR providers, enabling these QR merchant networks to accept Visa payments. Visa is also working with digital wallet partners across the region, to enable users of these wallets to scan these QR codes and pay seamlessly and securely when they travel abroad.

Visa Payment Passkey

Built on the latest Fast Identity Online (FIDO) standards, the Visa Payment Passkey enables a consumer to verify and authenticate their identity, and authorise online payments, with a quick scan of their biometrics like their face or fingerprint using authentication tools made available on their devices. When shopping online, Visa passkeys replace the need for passwords or one-time codes, enabling more streamlined and secure transactions.

Click to Pay 

Click to Pay enables consumers to complete online transactions within a few clicks, powering a more seamless and secure checkout experience at scale. Consumers will simply need their registered email, phone number or Visa Payment Passkey to check-out online.  

Data Tokens

Using its tokenisation infrastructure, Visa will now offer Visa data tokens, a new way for people to control their data and receive better shopping experiences, powered by AI. This token can be used by the merchant’s AI models to deliver real-time recommendations. Additionally, Visa ensures that consumers can track and manage shared data through their mobile banking app.

Visa Protect for Account-to-Account (A2A) Payments 

Visa Protect for Account-to-Account Payments (Visa Protect for A2A) is designed to detect and reduce fraud across immediate account-to-account payments, including P2P digital wallets and QR code payments. Built specifically as a fraud prevention solution for real-time payments,[2] this AI-powered service analyses up to 500 unique risk factors in real-time, providing financial institutions with an immediate risk score to stop fraudulent transactions before they happen.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

[1]  Source: https://www.smfg.co.jp/english/gr2023/pdf/2308_ird_e19.pdf

[2] Real-time payments (RTPs) facilitate near-instant fund transfers between bank accounts or digital wallets held by consumers and businesses.

 

 

 

 

 

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SOURCE Visa Worldwide Pte. Ltd

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Smoke Grenade Size to Hit $456.46 Million, Globally at 5.5% CAGR by 2031 – Exclusive Report by The Insight Partners

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — The global smoke grenade market is set for explosive growth, with projections indicating a surge to $456.46 million by 2031. This remarkable expansion, driven by the growing adoption of handheld multi-shot grenade launcher as well as a requirement for the development of eco-friendly smoke grenades and the boosting governmental initiatives towards research & development activities for designing lightweight smoke grenade is creating opportunities for the smoke grenade market in the coming years.

According to a new comprehensive report from The Insight Partners, “the global Smoke Grenade Market Size and Forecast (2023 – 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Burst Smoke, Micro Smoke, Wire Pull Smoke, Others); Application (Signaling, Screening and Obscuring, Riot Control); End-User (Military and Defence, Law Enforcement), and Geography”. For Detailed Market Insights, Visit: https://www.theinsightpartners.com/reports/smoke-grenade-market

The report runs an in-depth analysis of market trends, key players, and future opportunities. Types of smoke grenade include hand operated and launcher operated. Smoke grenade manufacturers procure specific grades of materials from raw material supplier and process further to develop the final product.

Asia Pacific is projected to register a CAGR of 5.5% from 2023 to 2031. The market growth can be attributed to the rise in demand for smoke grenades in applications such as signaling, helicopter landing zone creation, screening, riot control, obscuring, and other commercial applications. In addition, the key factors driving the smoke grenade market growth include the growing demand from ground-to-air signaling, increasing military expenditure, and growing utilization of smoke grenades in commercial applications such as photoshoots, movie production, sports events, cultural events,

For More Information and To Stay Updated on The Latest Developments in The Smoke Grenade Market, Download The Sample Pages: https://www.theinsightpartners.com/sample/TIPRE00006214/

Market Overview and Growth Trajectory:

Smoke Grenade Market Growth: The smoke grenade market size is projected to reach US$ 456.46 million by 2031 from US$ 297.24 million in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. The rise in demand for signaling applications, specifically for ground-to-air signaling, is one of the major factors driving the growth of the smoke grenade market across different regions. This is further fueled by the need for smoke signaling in search and rescue operations. The longer operational capability of smoke grenades provides suitable capability to the search and rescue teams to provide operational support for their respective operations at remote or urban locations. Helicopters, vertical take-off and landing (VTOL) aircraft, and parachuting applications require signaling for which smoke grenades are used. The rising number of aircraft and VTOL aircraft operations, propelled by the increasing fleets of helicopters and VTOL aircraft, is generating the need for more volumes of smoke signals, further propelling the growth of the smoke grenade market across different regions.

Rising Global Military Expenditure: The defense budget allocation supports army and military forces to procure advanced technologies and equipment from domestic or international developers. There is an increase in military and army vehicle upgrades owing to the growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases governments’ focus on strengthening national security forces. There is an increased need to reinforce military and border security forces with advanced surveillance, communication, navigation equipment, artilleries, armaments/ammunitions, and vehicles, among others; hence, military forces worldwide are focusing on investing significant amounts in procuring pyrotechnic munitions and other less lethal products. Defense forces’ constant inclination to acquire new technologies for noncombat and combat operations further boosts military expenditure worldwide.

Rise in Commercial Applications: The rise in commercial applications of smoke grenade products is expected to bring another significant trend in the smoke grenade market. The increasing use of smoke grenades in photography, amateur filming, movie shoots, weddings, and other occasions propels the adoption of smoke grenades for multiple commercial applications. Another major commercial application of smoke grenade is paintball gaming arenas, which involve several non-lethal weapons and ammunition to provide a lifelike simulation for the players. Further, commercial security forces use smoke grenade cartridges to control an emergency, provide security to VIPs, or handle emergency crowd/riot control situations. Such factors have been pushing the growth of smoke grenade market for commercial applications.

Geographical Insights: In 2023, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific. Asia Pacific is expected to register the highest CAGR during the forecast period.

Smoke Grenade Market Segmentation, Applications, Geographical Insights:

Based on type, the smoke grenade market is classified into hand-operated and launcher-operated. The hand-operated segment held the largest share of the market in 2023.

Based on application, the smoke grenade market is categorized into signaling, screening and obscuring, riot control, and others. The signaling segment dominated the market in 2023.

Based on end user, the market is categorized into military & law enforcement and commercial. The military and law enforcement segment held a larger share of the market in 2023.

Key Players and Competitive Landscape:

The Smoke Grenade Market is characterized by the presence of several major players, including:

ArsenalRheinmetall AGHFI PyrotechnicsChemring Group PlcCONDOR TECNOLOGIAS NÃO LETAISNammo ASNonLethal Technologies IncCentanex Ltd3rd Light LimitedWescom Group

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

Purchase Premium Copy of Global Smoke Grenade Market Size and Growth Report (2023-2031) at: https://www.theinsightpartners.com/buy/TIPRE00006214 /

Smoke Grenade Market Recent Developments and Innovations:

“Wescom Group announced the acquisition of PW Defence Ltd.””Wescom Group acquired Nottingham-based chemical detection technology company KeTech Defence Ltd.””EDGE and CONDOR Forged Partnership to Drive Growth in Non-Lethal Solutions”

Conclusion:

With projected growth to $456.46 million by 2031, the Smoke Grenade Market represents a significant opportunity for component, provides several stakeholders—including raw material providers, manufacturers, suppliers & distributors, and end users—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

Related Report Titles:

Smart Smoke Detectors Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity AnalysisLow Smoke Halogen Free Cable Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2031Smoke Detector Market Size and Forecasts (2021 – 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis 

About Us:       
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Ankit Mathur
E-mail: ankit.mathur@theinsightpartners.com
Phone: +1-646-491-9876

Logo: https://mma.prnewswire.com/media/2520492/The_Insight_Partners_Logo.jpg

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JEGI CLARITY Notes Increased M&A Activity within Digital Marketing Services

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — M&A activity in digital marketing services is accelerating, as anticipated by JEGI CLARITY in July. Over the past two quarters, deal volume exceeded the quarterly average of 300 transactions over the last 7 years.

Notable deals, such as ECI’s acquisition of Croud, highlight this trend. Looking ahead, we expect 2024 M&A levels to align with 2023, following the record-breaking momentum of 2021 and 2022.

PRIVATE EQUITY HAS AN ACTIVE ROLE IN DRIVING SECTOR CONSOLIDATION
PE represented 32% of YTD M&A activity in digital marketing services. Key attractions for investors include the market’s impressive growth prospects – with the market projected to increase from £4.3bn in 2023 to £14bn by 2032 (CAGR of 14%).

SCALE AND EXPOSURE TO TIER 1 MARKETS ARE KEY VALUE DRIVERS IN DIGITAL MARKETING SERVICES M&A
Valuations are influenced by several factors:

Differentiated Proposition: Agencies with scalable, Tech and AI-driven, or specialized services command higher valuations.Scale: Our data suggests that size matters when it comes to valuation, with larger assets, EBITDA over £12.5m, trading at a median multiple of 16.5x, while smaller assets, EBITDA between £4m and £7.5m, trade at a median of 10.8x.U.S. Revenue Exposure: Higher U.S. revenue draws N. American PE interest (directionally >25% of revenues), creating competitive tension, in turn driving valuations.Strong Financial KPIs: attractive revenue growth, healthy margins, and strong client retention are critical for driving valuation multiples.Evidence of Integration in Buy-and-Build: For companies following a buy-and-build strategy, successful integration of acquisitions is a key value driver.

M&A GROWTH TO BE DRIVEN BY ECONOMIC RECOVERY, PE EXIT AND DEMAND FOR SPECIALIST SKILLS
PE funds will likely continue deploying capital and exits will accelerate considering current hold periods. On the trade side, large agencies, driven by client demand, are likely to continue acquiring digital capabilities that are difficult to build internally.

Over the next 18 months, several PE-backed digital marketing groups, held for over four years, will likely come to market. We foresee consolidation among large PE-backed platforms across Europe, as agencies look to broaden geographic reach.

To access the full report, click here.  

ABOUT JEGI CLARITY
JEGI CLARITY is a pre-eminent M&A advisory firm for the media, marketing, information and technology industries. With a global reach from New York, London, Boston, and Sydney, we have closed more than 800 transactions during our 35+ year history. For more information, visit www.jegiclarity.com

Contact:
Kelsey Kovachik
Vice President of Marketing
+1 212 754 0710
kkovachik@jegiclarity-us.com
www.jegiclarity.com/

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SOURCE JEGI CLARITY

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ATN acquires exclusive Broadcast rights for New Zealand Cricket for 3 years

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TORONTO, Nov. 27, 2024 /CNW/ – Asian Television Network International Limited (ATN) (TSXV: SAT), Canada’s largest South Asian broadcaster and pioneer broadcaster of Cricket, is pleased to announce that is has acquired and renewed the Broadcast rights for New Zealand Cricket for 3 more years exclusively for Canada.

ATN will have the exclusive Canadian rights for all home matches, including international games featuring the BLACKCAPS (men’s team) and the WHITE FERNS (women’s team), as well as domestic competitions like the Super Smash. New Zealand Cricket’s 2024-25 home season features a busy and competitive schedule, with series against England, Sri Lanka, and Pakistan across multiple formats. During the 2025–26 & 2026-27 seasons, New Zealand has a packed home cricket schedule featuring series against Australia, England, West Indies, South Africa, India and Sri Lanka.

With over 120 days of International Cricket, all games will be aired LIVE on 2 popular sports channels namely CBN and ATN Cricket Plus and both channels are available nationally on various Cable and Satellite platforms across Canada.

“We are thrilled to announce the renewal of the exclusive broadcast rights for New Zealand cricket for another 3 years. This partnership underscores our commitment to delivering world-class sports entertainment to fans across Canada “said Dr. Shan Chandrasekar, President and CEO of ATN. “We look forward to bringing the excitement of New Zealand cricket LIVE to all the passionate Canadian fans, ensuring they never miss a moment of the action “he added

New Zealand known as one of the world’s top cricketing nations, boasts a rich history in the sport and a reputation for producing disciplined and innovative cricketers like Kane Williamson (regarded as one of the best batsman in the world), Trent Boult & Tim Southee (A formidable pace bowling duo), Devon Conway, Tom Latham, and Mitchell Santner (Key contributors across formats)

A long-time broadcaster of international cricket, ATN was the first to bring the World Cup of Cricket live via satellite to Canada in 1986. 

About ATN-Asian Television Network International Limited

ATN serves Canada’s diverse cultural communities with over 50 specialty television channels. The Company offers its flagship ATN-HD general interest service along with 7 other general interest channels, 3 sports Channels, 7 news Channels, 5 Bollywood movie channels and a variety of channels that include music, lifestyle, and several regional language channels that includes Punjabi, Tamil, Bengali, Urdu, Gujarati & Marathi. ATN has been a pioneer in the Production of Multicultural Television Programming in Canada. ATN has programming alliances with leading international broadcasters like Sony Entertainment Television, Disney/Reliance- Star, Viacom/ India Cast, CNN News 18, Zee Network, Doordarshan, Times Television, B4U, NDTV (Good Times), Republic TV, ABP News Network, Jaya TV, ARY, FOOD FOOD Network and many more. ATN is also a pioneer broadcaster of Cricket in Canada and has exclusive broadcast rights for various International Cricket Boards. ATN has its own State Of The Art Production facilities. ATN’s content is also available on Amazon Prime in USA & UK, Bell Media’s Crave in Canada and also operates a 24X7 South Asian Radio Service on Sirius XM Radio across The United States and Canada. ATN’s high class Studio Facilities have also been used by Production Companies associated with Netflix, CBC and others.

For more information on ATN please visit www.asiantelevision.com

SOURCE Asian Television Network International Limited

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