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FOMO Pay Teams Up with Mastercard to Enable Contactless Card Acceptance through FOMO SoftPOS

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SINGAPORE, Nov. 8, 2024 /PRNewswire/ — FOMO Pay, a leading Singapore-headquartered major payment institution, has announced a strategic collaboration with Mastercard to launch its Tap on Phone payment solution, FOMO SoftPOS. This solution allows merchants to accept contactless card payments directly on their smartphones[1] with the FOMO Pay app from the Google Play Store. This solution provides customers with more payment options while giving merchants greater flexibility and mobility as multiple smartphones can be activated for use as needed. 

Singapore is the first country in Asia-Pacific where Mastercard will introduce Cloud Commerce, empowering local payment providers like FOMO Pay to build cloud-based products. Mastercard’s Cloud Commerce is a cloud-based payment solution that lets merchants process transactions on mobile devices without needing physical POS terminals. By leveraging cloud technology, it reduces hardware dependency, streamlines setup, and offers flexible, scalable payment options. This empowers businesses to accept payments anywhere with internet access, meeting the demands of today’s digital-first consumers. With Mastercard, FOMO Pay is able to bring Tap on Phone solutions to merchants, and offer the technology to banks and financial institutions who want to roll out their own branded SoftPOS.

While over 90% of Singaporeans use contactless payments, small and medium-sized enterprises (SMEs) are slower to adopt them. Only 50% of SMEs accept mobile wallets, and 36% accept contactless cards, largely due to a reluctance to maintain payment hardware.

Tap on Phone solutions can cut these costs by over 90%, making card payments more accessible for SMEs. This innovation will bring millions[2] of new acceptance points for card payments in Asia.

Merchants can download the FOMO SoftPOS app and accept a wide range of payment methods, such as QR payments, mobile wallets, and credit cards. Use cases of the Tap on Phone solution include pop-up stores, food trucks, taxis, pay-on-delivery services and more. In addition to merchants, banks and financial institutions can also leverage the Tap on Phone  technology and provide their own contactless payment solutions to their merchants.

Louis Liu, founder and CEO of FOMO Pay, said, “Tap on Phone solutions offer an affordable, portable, and hassle-free way for businesses to accept payments, enhancing operational efficiency and customer satisfaction. Our FOMO SoftPOS empowers more businesses to accept payments using their own mobile devices, driving financial inclusion and supporting the growth of SMEs. Mastercard Cloud Commerce is central to this mission, helping us create scalable solutions that address the needs of today’s fast-evolving digital economy.”

Ms Deborah Heng, Country Manager, Singapore, Mastercard, said: “Accepting payments through traditional methods can be challenging for small businesses. Smartphone-based payment solutions lower cost of acceptance and simplify onboarding, making the payment process smoother and more efficient. Mastercard Cloud Commerce will advance payment solutions and help small businesses unlock the benefits of digital payments, while offering their customers a simple and secure payment experience.”

[1] Only available for Android devices (Android 12 onwards) with NFC capabilities.

[2] https://seads.adb.org/solutions/realizing-potential-over-71-million-msmes-southeast-asia 

About FOMO Pay
Founded in 2015, FOMO Pay Pte Ltd is a major payment institution licensed in Singapore and Hong Kong. The firm has become a leading one-stop digital payment, digital banking, and digital asset solution provider. It is currently building Asia’s fully licensed financial platform, helping institutions and businesses connect between fiat and digital currency. The firm offers its three flagship products:

FOMO Payment – One-stop digital payment solution for merchants, corporates and financial institutionsFOMO iBank – Facilitate businesses’ everyday requirements for transactional banking needsFOMO Treasury – One-stop digital asset services provider bridging Web 2.0 & Web 3.0

Visit www.fomopay.com for more information. For media inquiries, contact marketing@fomopay.com. 

About Mastercard
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

 

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SOURCE FOMO Pay

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Automation Anywhere announces strategic alliance with PwC India to help enterprises achieve efficiencies through GenAI-powered automation solutions

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November 8, 2024

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BANGALORE, India, Nov. 8, 2024 /PRNewswire/ — Automation Anywhere Inc. a leader in AI-powered process automation solutions, that will leverage the power of Generative AI (GenAI) and AI agents, announced a strategic alliance with PwC India to help clients realise greater growth, productivity and cost efficiencies across their organisations. This partnership combines Automation Anywhere’s cutting-edge technology expertise with PwC India’s deep industry insights and consulting experience. Together, PwC India and Automation Anywhere are developing generative AI-based automation solutions that will transform key business operations across various sectors, with a special focus on Financial Services, Retail & Consumer, Manufacturing, Telecom, Media and Telecommunication (TMT) and Healthcare Industries.

Leveraging Automation Anywhere’s deep focus on AI-powered digital solutions, this partnership aims to create greater value for clients by enabling them to optimise costs, improve process efficiency and deliver enhanced customer experience, ultimately achieving their larger business goals in today’s dynamic and competitive landscape. 

Speaking on the partnership, Vivek Belgavi, Partner & Leader – Alliances & Ecosystems, PwC India, said, “PwC India prides itself on delivering transformative business solutions through its alliance ecosystem. Through this collaboration with Automation Anywhere Inc., we’re set to deliver unparalleled expertise in driving enterprise-wide process transformation, fostering greater efficiencies and strategic impact for our clients.” 

“At Automation Anywhere, we’re excited about our strategic partnership with PwC India, which will drive innovation and deliver unparalleled value to our customers. Our collaboration with PwC India exemplifies our commitment to harnessing the power of disruptive technology like AI to transform businesses, streamline operations, and empower organisations to transform their business and gain a competitive advantage,” said Ankur Kothari, Chief Operating Officer, Automation Anywhere.

Speaking on the partnership, Sumit Srivastav, Partner & Leader, Intelligent Automation, PwC India, said, “Through this collaboration, our aim is to combine PwC’s domain and consulting experience along Automation Anywhere’s deep focus on AI-powered digital solutions to create greater value for clients by enabling them to optimise costs, improve process efficiency and deliver enhanced customer experience.”

“Given today’s evolving business landscape, enterprises are looking for newer ways to achieve greater consistency, accuracy, productivity, and reliable results across functions. Through this partnership, we are aiming at bringing together the best-in-class technology solutions provided by Automation Anywhere Inc., with PwC’s consulting experience and domain expertise to help clients become future-ready while achieving sustainable growth. With our combined strengths, we are well positioned to solve our clients most complex problems,” said Ritesh Jain, Partner – One Consulting, PwC India. 

About Automation Anywhere

Automation Anywhere is a leader in AI-powered process automation that empowers organizations to drive productivity gains, foster innovation, improve customer service, and accelerate business growth. The company’s AI + Automation Enterprise System is powered by specialized AI, autonomous AI agents, and offers process discovery, end-to-end process orchestration, document processing, and analytics — all with a security and governance-first approach. Guided by its vision to fuel the future of work, Automation Anywhere is dedicated to unleashing human potential through AI-powered automation. Learn more at www.automationanywhere.com .

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RaySearch Laboratories: Interim report July – September 2024

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November 8, 2024

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STOCKHOLM, Nov. 8, 2024 /PRNewswire/ — 

THIRD QUARTER (JULY – SEPTEMBER 2024)

Order intake SEK 253.4 M (240.7)Net sales SEK 293.3 (252.9)Operating profit SEK 61.8 M (28,6)Profit after tax SEK 45.4 M (21,6)Earnings per share before/after dilution SEK 1.32 (0.63)Cash flow from operating activities SEK 60.5 M (124.4)Order backlog SEK 1,732.0 M (1,966.3) at the end of the period

NINE MONTHS (JANUARY – SEPTEMBER 2024)

Order intake SEK 782.1 M (686.5)Net sales SEK 869.4 M (722.5)Operating profit SEK 186.9 M (70.5)Profit after tax SEK 143.5 M (50.0)Earnings per share before/after dilution SEK 4.19 (1.46)Cash flow from operating activities SEK 382.3 M (340.2)

SIGNIFICANT EVENTS DURING THE SECOND QUARTER

Connect Proton Therapy Center in the USA has placed an order for RayStationIridium Network first center in the world to use RayCare with TrueBeam to treat a patient

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

GenesisCare in the UK has placed an order for RayStationRaySearch now has more than 100 RayStation customers in ChinaThree centers in the French Unicancer network choose RayStationNina Grönberg has been appointed as the new CFO and will take office in January 2025Institut Curie selects RayStation for proton planningThe Board has decided to raise the target for the operating margin to at least 25 (20) percent by 2026

WEBCAST

CEO Johan Löf and Interim CFO Annika Blondeau Henriksson will present RaySearch’s interim report for July-September 2024 in a webcast to be held in English on Friday, November 8, 2024, at 10:00 a.m. CET.

Link to webcast: RaySearch Q3, 2024

The information contained in this interim report is such that RaySearch Laboratories AB (publ) is obliged to disclose under the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication on November 8, 2024, at 7:45 a.m. CET.

FOR MORE INFORMATION, PLEASE CONTACT:
Johan Löf, founder and CEO, RaySearch Laboratories AB (publ)
Telephone: +46 (0) 8 510 530 00
johan.lof@raysearchlabs.com

Annika Blondeau Henriksson, Interim CFO, RaySearch Laboratories AB (publ)
Telephone: +46 (0) 8 510 530 00
annika.henriksson@raysearchlabs.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/raysearch-laboratories/r/interim-report-july—september-2024,c4063330

The following files are available for download:

https://mb.cision.com/Main/1102/4063330/3100657.pdf

RaySearch Interim report Q3 2024

 

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SOURCE RaySearch Laboratories

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Hikvision unveils a new range of one-stop SMB solutions – making it easier for installers to grow their business

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November 8, 2024

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HANGZHOU, China, Nov. 8, 2024 /PRNewswire/ — Hikvision has upgraded its support for installers by providing a range of one-stop solutions tailored for common small- and medium-sized businesses (SMB) scenarios. These make it easier for installers to grow their businesses with customizable, all-in-one packages.

A new SMB section on the Hik-Partner Pro platform enables installers to match product combinations, generate quotes, and share them with clients. In addition, an innovative, smart ordering tool provides personalized product recommendations based on specific scenario sizes and installation needs. Together, these upgrades enhance operational efficiency and elevate customer satisfaction.

Eleven Fan, overseas SMB solutions manager at Hikvision, says, “Despite the significant potential in the SMB market, installers often face challenges such as complex product configurations, steep learning curves, and high installation and maintenance costs. Hikvision’s new one-stop SMB solutions overcome these hurdles with fresher business insights, faster product guides, and more convenient quoting services.”

Catering for typical SMB scenarios

The first SMB solutions focus on stores, offices, houses, and farms –– four of the most common challenges faced by SMB owners. The Store Solution enhances operations, security, and decision-making for retailers, while the Office Solution simplifies security, access control, attendance, and conference management through integrated software and hardware. The House Solution prioritizes safety and convenience, offering advanced technologies for property protection and control. The Farm Solution, meanwhile, ensures perimeter security and livestock monitoring even in off-grid & off-power settings.

Expanding installer capabilities beyond traditional security

Hikvision’s new one-stop SMB solutions build on traditional video security to open new business opportunities in areas such as audio and networking. For example, audio applications meets the needs of stores that need promotional audio, background music, and notifications. Networking solutions, meanwhile, ensure smooth internet access throughout offices.

Installers can easily customize solutions with rich sub-applications, such as video security, access control & time attendance, audio broadcast, in-store Business Intelligence (BI), advertising displays, alarms, and video intercom. Their clients are able to easily manage the whole system on a unified platform, Hik-Connect.

Empowering installers with robust support on Hik-Partner Pro

In addition to simplified solution design, installers benefit from robust support on Hik-Partner Pro. This has been upgraded to include fresh product and system knowledge, detailed installation guidance, streamlined quoting services, and remote maintenance assistance.

A new smart ordering tool accelerates product selection by providing tailored recommendations based on input details. For instance, entering a store’s size and installation method yields quick suggestions and installation diagrams, allowing installers to seize new opportunities to grow their businesses.

Find out more

Hikvision is committed to expanding its product offerings for SMBs, with future scenario solutions planned for cafés, restaurants, and hostels. For more information about Hikvision’s one-stop SMB Solutions, please visit our website or contact us directly.

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