Technology

OwlTing Teams Up With Visa to Streamline Cross-border Payments

Published

7 hours ago

October 1, 2024

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/owlting-teams-up-with-visa-to-streamline-cross-border-payments-302262559.html

SOURCE OwlTing Group

Technology

Hygenco Green Energies launches one of India’s Largest Renewable Energy Tender for Green Ammonia Project

Published

59 mins ago

October 1, 2024

GURUGRAM, India, Oct. 1, 2024 /PRNewswire/ — Hygenco Green Energies Pvt Ltd, a pioneer in producing low-cost green hydrogen, has invited bids for over 1125 Megawatt (MW)/ 1.1 Gigawatt (GW) of renewable energy, to support its upcoming Green Ammonia Project. This is the largest tender for procuring renewable power for a green ammonia project in India, reinforcing Hygenco’s continued commitment to sustainability.

Hygenco aims to procure 625 MW from Solar PV projects and 500 MW through wind power. The tender offers favourable terms to minimize risk for developers and ensures a transparent procurement process, attracting a broad range of participants in the renewable energy sector.

Amit Bansal, Co-Founder and CEO of Hygenco, said, “As one of the very few, pure-play Green Hydrogen companies with operational assets, Hygenco is rapidly moving towards its mission of facilitating India’s energy security and achieve climate goals. This large tender of over 1 GW is amongst the many firsts achieved by us and demonstrates both our ambition and action in scaling up India’s Green Hydrogen and Green Ammonia market.”

Green ammonia, produced using renewable energy, is considered a crucial solution in energy transition. Globally, the green ammonia market is projected to grow to $17.9 billion by 2030, as industries shift away from fossil fuels.

The large-scale procurement will also contribute to India’s transition toward a low-carbon economy. It also gives a significant fillip to the National Green Hydrogen Mission, which is aiming to make India a Green Hydrogen Hub by 2030.

Bidders can evaluate the tender on Hygenco’s official website. https://www.hygenco.in/

About Hygenco:

Headquartered in Gurgaon, India, Hygenco develops and deploys scaled-up commercially attractive green hydrogen and green ammonia assets. Hygenco, which has deep capabilities in designing, building, and operating Green Hydrogen projects, has commissioned India’s first Green Hydrogen project in Hisar, which was inaugurated by Union Minister of Civil Aviation and Steel earlier this year. Hygenco is looking to invest $2.5 billion over 3 years to set up Green Hydrogen projects in India.

For more information on Hygenco, please visit https://www.hygenco.in/

Logo: https://mma.prnewswire.com/media/2406450/Hygenco_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/hygenco-green-energies-launches-one-of-indias-largest-renewable-energy-tender-for-green-ammonia-project-302263554.html

Technology

Getac’s Essentials Suite Enhances Operational Efficiency and Device Management Capabilities Across the Industries

Published

59 mins ago

October 1, 2024

News in brief:

Essentials Suite combines Getac’s range of powerful digital tools and utilities into a suite of software solutions that help organisations solve challenges and empower workers.It consists of three core elements – Essential Control, Essential Apps, and Essential Utilities – each focusing on a different aspect of rugged IT operations.

TAIPEI, Oct. 1, 2024 /PRNewswire/ — Getac today announced the launch of its Essentials Suite, a comprehensive collection of powerful software solutions designed to help organisations overcome operational challenges and enhance field worker efficiency across the industries.

Organisations today face a multitude of complex challenges relating to the successful deployment and management of their rugged device fleets. Key tasks like the enrolment and configuration of new devices, remote rollout of firmware updates, and collection of system logs are all essential for maintaining operational efficiency and avoiding unplanned device downtime. However, without the right tools in place it’s incredibly difficult to perform these tasks effectively, particularly across workforces that are spread out over large geographical areas.

Getac Essentials Suite is designed to solve these issues. It consists of three core elements – Essential Control, Essential Apps, and Essential Utilities – each delivering transformative, industry-specific tools that helps users administer, manage, and maintain every stage of their rugged devices’ lifecycle.

Essential Control – Bringing order to complexity

Essential Control is engineered to meet the precise demands of IT managers, containing a series of innovative software solutions that empower users to efficiently manage large numbers of rugged devices simultaneously.

Monitoring: Enables users to monitor all deployed Getac devices from a central, cloud-based dashboard, helping to spot potential issues before they impact on field-based personnel.

Management: Lets users enrol, configure, and manage their Getac Android devices over-the-air, mitigating the risk of costly security breaches and unplanned downtime.

OEMConfig: Unlocks access to proprietary settings for Getac Android devices controlled via EMM and/or MDM platforms, for streamlined deployment from a single location.

Essential Apps – Optimise productivity and worker safety

Essential Apps contains Getac’s most innovative and user-friendly software solutions, designed to optimise everyday tasks, improve productivity and enhance worker safety. These include KeyWedge, which empowers field workers with an intuitive software-based barcode scanning solution; Driving Safety, which protects vehicle-based workers from distractions with screen-blanking technology; and Virtual-GPS, which replicates GPS data to multiple virtual COM ports, greatly extending the compatibility of legacy applications.

Essential Utilities – Useability and functionality amplified

Essential Utilities is a collection of advanced applications designed to amplify the usability, functionality, and productivity of Getac devices. It combines popular Getac apps such as G-Utility, G-Camera, and Barcode Manager, with three new software solutions – SmartUpdate, Diagnostic and Log Tool – designed to streamline Getac device management.

“Organisations across the rugged industries face a multitude of challenges when it comes to the successful deployment and efficient management of their devices,” says James Hwang, President of Getac Technology Corporation. “Getac Essentials Suite simplifies this challenge, combining powerful software solutions and apps into a suite of comprehensive offerings to help navigate today’s rapidly evolving digital landscape and provide workers with the tools needed to get the job done.”

Getac Essentials Suite is available now.

About Getac

Getac Technology Corporation is a global leader in rugged mobile technology and intelligent video solutions, including laptops, tablets, software, body-worn cameras, in-car video systems, digital evidence management and enterprise video analytics solutions. Getac’s solutions and services are designed to enable extraordinary experiences for frontline workers in challenging environments. Today, Getac serves customers in over 100 countries spanning defence, public safety, ambulance, fire & rescue, utilities, automotive, natural resources, manufacturing, transport, and logistics. For more information, visit: http://www.getac.com. Participate in the Getac Industry blog or follow the company on LinkedIn and YouTube.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/getacs-essentials-suite-enhances-operational-efficiency-and-device-management-capabilities-across-the-industries-302263558.html

SOURCE Getac

Technology

Breaking barriers in Operational Technology: Meet Treon Connect

Published

59 mins ago

October 1, 2024

TAMPERE, Finland, Oct. 1, 2024 /PRNewswire/ — Treon, a leader in IoT technology launches Treon Connect, a platform designed to tackle challenges in operational technology (OT). Founded by innovators with a background in ‘connecting people,’ Treon has evolved to focus on connecting operations, leveraging its expertise in IoT and data acquisition.

Despite industrial digitalization progress, physical operations still face significant challenges. Treon Connect is built to overcome these obstacles, offering businesses the tools to enhance operational efficiency and sustainability.

“Siloed vertical solutions hinder scalability, increase costs and enforce manual workflows” said Joni Korppi, CEO of Treon. “At Treon, we developed Treon Connect to address these challenges, drawing on our experience in delivering IoT solutions for large-scale deployments with 150+ customers, including 50 global leaders.”

Treon Connect works alongside customers’ existing systems, enabling data-driven automation, and helping organizations improve operations by:

Enhancing efficiency: Reducing operational costs and extending asset lifespan through increased uptime and optimal use.Prioritizing worker safety: Reducing downtime and providing safer, more controlled environments.Seamless integration: Integrates with existing IT and OT systems.Minimizing environmental impact: Sustainable products that cut emissions, boost energy efficiency, and reduce waste.

As part of Treon Connect, Treon launches:

Treon Apex applications for Condition Monitoring, Fleet Management, Network & Device Management, and Events for workflow automation.Treon Aito, the middleware that securely bridges applications, databases, and systems, is now available on cloud or on-premise, expanding support to third-party devices.Treon Industrial Node X, Treon’s latest wireless vibration sensor, offering market-leading capabilities, such as support for variable-speed machinery and a replaceable battery for sustainabilityTreon Gateway 2, a powerful edge computer, has been updated with cellular coverage for the USA, and telematics support for heavy equipment.

Treon will launch Treon Connect at SMRP Annual Conference, October 7-10, 2024, in Orlando, FL, where they will showcase their latest innovations and continue introducing new use cases to enhance operations at a rapid pace together with ecosystem partners.

Visit treon.fi/treon-connect

About Treon

Treon is a leading technology company with a mission to help businesses improve productivity, enhance operational visibility, and sustainability. Its platform, Treon Connect, boosts operational efficiency by utilizing data-driven automation to extend machine lifespan, monitor assets, increase productivity, and ensure safety across industries. Treon is trusted by global leaders to provide secure, customized products that integrate seamlessly into existing business solutions.

Press inquiries

Samah Zain, Senior Growth Manager
samah.zain@treon.fi
+358-505507331

Photo – https://mma.prnewswire.com/media/2519329/Treon_Connect.jpg
Logo – https://mma.prnewswire.com/media/2519328/Treon_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/breaking-barriers-in-operational-technology-meet-treon-connect-302262739.html