Technology

Celebrating Eight Years of Partnership: UnionPay International and Nedbank Transforming South Africa’s Tourism Sector

Published

2 months ago

November 15, 2024

JOHANNESBURG, Nov. 15, 2024 /PRNewswire/ — UnionPay International and Nedbank now celebrate their eight-year partnership, which has significantly enhanced payment solutions for the tourism sector in South Africa. Since July 2016, when Nedbank began accepting UnionPay cards, the acceptance footprint for UnionPay in South Africa has expanded to over 90%. This milestone positions Nedbank as a leader in the travel and entertainment industry, solidifying its role in driving growth within the tourism market.

The collaboration has yielded remarkable transaction outcomes, further establishing Nedbank as a pivotal player in the South African tourism landscape. Recently, Nedbank enabled UnionPay contactless payments, tapping into a lucrative market projected to reach $15.7 trillion globally by 2029. The next exciting phase of this partnership includes enabling eCommerce acceptance for UnionPay, opening doors to recent opportunities that align with the South African government’s initiatives in introduction of an e-visa platform, to ease visa regulations for visitors from China, aiming to lure tourists from the world’s second-most populous nation to attract more tourists.

Recent statistics show a staggering 215.7% surge in arrivals from China, amounting to 34,669 visitors. This resurgence highlights the significant potential of the Chinese market for South African tourism, and the government’s plans to streamline the visa process underscore the importance of UnionPay’s eCommerce acceptance in this strategy.

“The well-established relationship between Nedbank and UnionPay International has been integral to the success of our partnership,” said Dayalan Govender, Managing Executive: Solution Innovation at Nedbank. “The acceptance of UnionPay cards on our network not only presents a new revenue stream but also offers us the opportunity to collaborate and leverage further prospects with UnionPay International across South Africa and the rest of the continent.”

UnionPay cards are vital for Chinese tourists visiting South Africa, providing versatile payment options. With a global acceptance network spanning 183 countries and regions, UnionPay is committed to enhancing the travel experience for tourists worldwide.

“UnionPay International is excited to celebrate this milestone with Nedbank by enabling digital payment acceptance in South Africa, as we continue to drive growth in tourism and economic relations between China and South Africa,” said Asad Burney, Head of UnionPay International Africa Branch. “Our collaboration not only improves payment solutions for domestic cardholders but also supports South Africa’s goal of welcoming 21 million international tourists by 2030.”

As part of their ongoing collaboration, UnionPay International and Nedbank are exploring the introduction of card issuance in South Africa, creating products that cater specifically to local market needs. With over 250 million UnionPay cards issued outside of the Chinese mainland, the partnership aims to further enhance the travel experience for UnionPay cardholders, particularly in the travel and entertainment sectors.

Nedbank Group is one of the largest financial services groups in Africa, offering wholesale and retail banking, as well as insurance, asset management and wealth management services and solutions. In South Africa, Nedbank has a strong franchise evidenced by a 19% deposit and 19% advances market share. Outside South Africa, NedBank operates in five countries in the Southern African Development Community (SADC), through subsidiaries and banks in Lesotho, Mozambique, Namibia, Eswatini and Zimbabwe. In Central and West Africa, NedBank has a strategic alliance with Ecobank Transnational Incorporated (ETI) and have representative offices in Angola and Kenya. Outside Africa a presence in key global financial centres to provide international financial services for Africa-based multinational and high-net-worth clients in, Isle of Man, Jersey and London, and it has a representative office in Dubai. NedBank has 28,000 employees and 7.6 million clients and manages R1.2 trillion worth of assets.

UnionPay International (UPI) is a focused on the growth and support of UnionPay’s global business. In partnership with more than 2600 institutions worldwide, UnionPay International has enabled card acceptance in 183 countries and regions with issuance in 84 countries and regions. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world’s largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

View original content:https://www.prnewswire.co.uk/news-releases/celebrating-eight-years-of-partnership-unionpay-international-and-nedbank-transforming-south-africas-tourism-sector-302304335.html

Technology

Made4net and Gather AI Partner to Enhance Supply Chain Accuracy and Efficiency

Published

16 minutes ago

January 15, 2025

WMS and AI-driven drone inventory technology streamline warehouse operations, improve inventory accuracy, and reduce costs

TEANECK, N.J., Jan. 15, 2025 /PRNewswire/ — Made4net, a global provider of cloud-based Warehouse Management Systems (WMS) & end-to-end supply chain execution software, and inventory intelligence solution Gather AI, are proud to announce their partnership. Together, the two companies deliver innovative inventory management solutions that empower joint customers like Barrett Distribution Centers and Taylor Logistics with WMS and AI-driven drone inventory technology to streamline operations, improve inventory accuracy, and reduce costs.

Joint customer, Barrett Distribution Centers, demonstrates the transformative impact of the Made4net and Gather AI partnership. By utilizing Gather AI’s advanced AI-based drone inventory technology with Made4net’s 3PL warehouse management system, Synapse 3PLExpert WMS, Barrett ensures unparalleled inventory accuracy for Stadium Goods, a consignment e-tailer specializing in high-value sneakers. The drones, equipped with computer image AI-driven software, autonomously scan and verify the placement of 500,000 pairs of shoes stored across complex warehouse layouts.

Similarly, Taylor Logistics has achieved faster and more cost-effective cycle counts for cases and pallets using the Gather AI solution in conjunction with Synapse 3PLExpert WMS. By automating inventory data collection and seamlessly syncing it back into the WMS, Taylor ensures real-time accuracy while optimizing operational efficiency.

“Partnering with Gather AI reinforces Made4net’s commitment to continue introducing innovative technology and delivering state-of-the-art solutions that drive supply chain excellence,” said Amit Levy, EVP of Sales and Strategy at Made4net. “By combining our robust WMS capabilities with Gather AI’s cutting-edge inventory intelligence technology, we’re helping our customers achieve new levels of accuracy, efficiency, and cost savings.”

“Gather AI’s mission is to empower warehouses with actionable insights that reduce costs and improve operations,” said Sankalp Arora, Ph.D., CEO & Co-Founder of Gather AI. “Collaborating with Made4net enables us to bring these benefits to more customers, helping them stay competitive in today’s fast-paced logistics landscape.”

About Made4net
Made4net is a leading global provider of best-in-class, cloud-based supply chain execution and warehouse management solutions for organizations of all sizes to improve the speed and efficiency of their supply chain. Visit www.made4net.com to learn more.

About Gather AI
Pittsburgh-based Gather AI is a market leader in supply chain AI to decrease the cost of inventory, improve productivity, and boost revenue. Visit www.gather.ai to learn more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/made4net-and-gather-ai-partner-to-enhance-supply-chain-accuracy-and-efficiency-302352278.html

SOURCE Made4net, LLC

Technology

ADP Declares Regular Quarterly Dividend

Published

16 minutes ago

January 15, 2025

ROSELAND, N.J., Jan. 15, 2025 /PRNewswire/ — The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) has declared a regular quarterly dividend of $1.54 per share payable April 1, 2025 to shareholders of record on March 14, 2025.

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

ADP – Investor Relations

Investor Relations Contacts:
Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com

ADP – Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-declares-regular-quarterly-dividend-302352281.html

SOURCE ADP – IR

Technology

CobbleStone Software Announces 2025 Roadshow for Client CLM Training

Published

17 minutes ago

January 15, 2025

CobbleStone Software announces its 2025 Roadshow, “Fostering Your Future Through Industry-Leading CLM.”

PRINCETON, N.J., Jan. 15, 2025 /PRNewswire-PRWeb/ — CobbleStone Software – a recognized Leader in contract lifecycle management (CLM) according to the SPARK Matrix™ Report – is excited to announce its 2025 Roadshow for clients, “Fostering Your Future Through Industry-Leading CLM.” This immersive training will provide personalized learning, hands-on practice, and actionable insights for users of CobbleStone Contract Insight® contract management and eProcurement software.

“Through this event, we aim to provide a collaborative learning environment that encourages clients to navigate the complexities of contract management with ease and confidence using CobbleStone Contract Insight.” – Bradford Jones, VP of Sales & Marketing at CobbleStone

Improper or outdated contract management methods make operations difficult – and contract managers are feeling the heat. According to a World Commerce & Contracting survey of its members, 84 percent experience pressure for contract simplification (1). Thankfully, a strong contract management software solution that also supports continued learning and mastery can foster contract automation and a more straightforward process.

Such is the purpose of CobbleStone’s 2025 Roadshow for client training: to go above and beyond just providing an award-winning contract management solution and continue equipping contract managers with its widely praised learning and practice resources.

CobbleStone clients are encouraged to sign up for this can’t-miss CLM event with the following locations and dates:

> Orlando, Florida on April 25th

> Chicago, Illinois on May 16th

> Los Angeles, California on September 26th

> Dallas, Texas on October 24th

Click here to learn more and/or register for the event!

“Our 2025 Roadshow reflects our commitment to fostering client empowerment and equipping our users with the tools and knowledge needed to succeed,” says Bradford Jones, VP of Sales and Marketing at CobbleStone Software.

Contact CobbleStone Software for a free demo.

For more information, email Sales@CobbleStoneSoftware.com or call 866-330-0056.

About CobbleStone Software:

CobbleStone Software is a celebrated leader in contract management software solutions whose flagship CLM software solution – CobbleStone Contract Insight – expedites contract management, vendor management, eProcurement, and eSourcing processes while offering seamless integrations, ease-of-use, and high scalability. CobbleStone’s contract lifecycle management solutions provide simplified contract and vendor tracking, highly configurable email alerts, user-friendly calendar notifications, intelligent contract workflow automation, highly robust security options, streamlined authoring of contract templates with dynamic clauses, centralized revenue/cost management, detailed text indexing and searching, future-minded vendor/client ratings, robust document version control, custom contract management reports, speedy IntelliSign® electronic signatures, more intelligent contracts with VISDOM® artificial intelligence and machine learning, and more.

Follow CobbleStone Software on social media:
> LinkedIn
> X
> Facebook
> YouTube

To stay up to date on contract lifecycle management industry trends and news, subscribe to CobbleStone’s Contract Insights blog.

Media Contact

Sean Heck, CobbleStone Software, 866-330-0056, Marketing@CobbleStoneSoftware.com, https://www.cobblestonesoftware.com/

Twitter

View original content to download multimedia:https://www.prweb.com/releases/cobblestone-software-announces-2025-roadshow-for-client-clm-training-302352144.html

SOURCE CobbleStone Software