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JCB and Nuvei expand global partnership in APAC

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Businesses in Singapore and Hong Kong can now accept payments by JCB credit and debit cards through their existing single integration with Nuvei

TOKYO and MONTREAL, Oct. 7, 2024 /CNW/ — JCB International Co., Ltd. (“JCB”), Japan’s only international payment brand, today announced that it has expanded its global partnership with Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, to include Singapore and Hong Kong. This expansion builds upon Nuvei’s existing relationship with JCB in Europe, further strengthening Nuvei’s position in the rapidly growing Asia-Pacific (APAC) eCommerce market.

Through this enhanced partnership, Nuvei now offers JCB acceptance to its global merchant ecosystem, enabling JCB’s community of more than 158 million cardmembers to pay directly to online businesses integrated with Nuvei. This development is particularly significant for Nuvei’s customers in the APAC region, including leading eCommerce brands such as Charles & Keith1.

Philip Fayer, Nuvei’s Chair and CEO, commented on the announcement: “Extending our partnership with JCB to Singapore and Hong Kong enhances our service offering for businesses in strategic APAC markets and demonstrates our commitment to providing comprehensive payment solutions that drive growth for our clients globally.”

The expansion of the JCB partnership aligns with Nuvei’s ongoing strategic investments in the APAC region. Nuvei is a fully licensed direct local acquirer in Singapore and Hong Kong, and recently obtained a Major Payment Institution (MPI) license in Singapore2.

Nuvei’s modular payments platform enables clients to securely connect with customers in over 200 markets worldwide through a single integration, accepting 716 alternative payment methods and offering acquiring in over 50 markets. This extensive reach and flexibility are particularly valuable in the context of the rapidly expanding eCommerce markets in Singapore and Hong Kong.

Singapore’s eCommerce market is predicted to grow at a Compound Annual Growth Rate (CAGR) of nearly 10%, with gross merchandise value expected to reach US$23.5 billion by 20273. Hong Kong’s eCommerce market is projected to grow at a similar CAGR of nearly 9%, with revenues expected to exceed US$7 billion by 20294.

Hiroko Michishita, Managing Director, JCB International Asia Pacific Pte. Ltd., said, “Between 2021 and 2022, JCB has almost doubled the volume of ecommerce transactions in Singapore. While East Asia is our traditional stronghold, we have seen substantial growth in our ASEAN card base of 132% from 2018 to 2023. Nuvei’s latest expansion into Singapore and Hong Kong complements JCB’s long-term growth strategy. We are confident that Nuvei’s presence in Asia will enable both companies to work closer together and quickly achieve substantial sales volumes.”

About Nuvei 

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei’s modular, flexible and scalable technology allows leading companies to accept next-gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 50 markets, 150 currencies and 716 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com

NVEI-IR

Contact: 
Public Relations
alex.hammond@nuvei.com

Investor Relations 
IR@nuvei.com

About JCB

JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 49 million merchants around the world. JCB Cards are now issued mainly in Asian countries and territories, with more than 158 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/

Contact
Kosuke Ochiai
Corporate Communications
Tel: +81-3-5778-8353
Email: jcb-pr@info.jcb.co.jp

1 https://investors.nuvei.com/news-releases/news-release-details/charles-keith-selects-nuvei-boost-international-expansion
2 https://www.nuvei.com/posts/nuvei-secures-mpi-license-in-singapore-to-accelerate-apac-expansion
3 https://finance.yahoo.com/news/singapore-ecommerce-market-databook-2023-171900419.html
4 https://www.statista.com/outlook/emo/ecommerce/hong-kong

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SOURCE Nuvei

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Score $4 Teen Burgers in Ontario every Toronto Maple Leafs game day

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Exclusively for Ontarians, score a $4 Teen Burger® deal on every Maple Leafs game day on the A&W mobile app, available for a limited time

TORONTO, Oct. 8, 2024 /CNW/ – In celebration of the start of the Toronto Maple Leafs regular season , A&W is introducing a delicious deal exclusively for Ontarians.

Starting Wednesday, October 9th, on every Maple Leafs game day, fans can order A&W’s iconic Teen Burger for only $4 from participating locations in Ontario. The offer is available only by ordering through the A&W mobile app. So, whether it’s a home or away game, guests can enjoy a delicious Teen Burger while cheering on the Toronto Maple Leafs.

This hot game day offer celebrates A&W Canada’s multi-year partnership with the Toronto Maple Leafs, making the Canadian QSR the ‘Official Burger of the Toronto Maple Leafs’.

“Our guests loved our Toronto Maple Leafs Game Day Deal last season so we’re excited to fuel the fandom again with a hot offer on our most beloved Teen Burger! It’s the perfect burger and deal to celebrate every game!” said Karina Lukianenko, Manager of Offers and Ontario Promotions.

Download the A&W app and create an account to get access to all the latest offers, like the Maple Leafs Game Day Deal that kicks off on October 9th. See app for details.

About A&W Canada

A&W is proud to be 100% Canadian-owned and operated, and Canada’s original burger chain. Home of the Burger Family, we are known for delicious classics like the Teen Burger, hand-battered onion rings and A&W Root Beer®. You can enjoy our craveworthy burgers, breakfasts and beverages at one of our 1,000+ restaurants across the country. For more information, please visit aw.ca.

SOURCE A&W Food Services of Canada Inc.

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ST Engineering iDirect makes Intuition available for Customer Testing and Adoption Planning

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Release integrates cloud-native capabilities and ST Engineering iDirect’s proven mobility, waveform, and bandwidth management technologies

HERNDON, Va., Oct. 8, 2024 /PRNewswire/ — ST Engineering iDirect, a global leader in satellite communications, today announced the availability of Intuition, its next-generation, cloud-native, software-defined ground system designed for multi-orbit environments, for customer testing and adoption.

Intuition is engineered to revolutionize how satellite networks are deployed, how connectivity services are delivered, and how satellite operators and service providers can drive revenue while streamlining operations. This powerful platform combines the best of ST Engineering iDirect’s trusted technologies with future-focused cloud-based, standards-based, multi-orbit solutions, enabling customers to scale effortlessly while maintaining exceptional service quality.

This initial release marks a critical step toward the general availability release in 2025, allowing customers early integration and testing of Intuition in their own network ecosystems.  This hands-on experience helps to accelerate the adoption of new high-performance features alongside ST Engineering iDirect’s renowned innovations in mobility and bandwidth management.

With this release, customers can begin to plan for the advanced capabilities of Intuition, including:

Cloud Migration: Customers can familiarize themselves with Intuition’s hub compute rack (DCR) infrastructure within a private cloud environment for network processing – enhancing operational flexibility.Standards-based, Cloud-native Network Management System (NMS): Built on a microservices architecture with standards-based APIs, Intuition’s NMS is capable of supporting hundreds of thousands of terminals and provides a comprehensive view of network health, performance and usage, giving customers the power to make data-driven decisions instantly – all in a single view.Increased Mobility and Multi-Orbit Functionality: Industry-leading mobility applications are further improved with even faster beam mapping for optimized beam selection. The introduction of domain-based automatic beam switching (D-ABS) ensures seamless, flexible network changes, while a new unified satellite tracking solution enhances multi-orbit operations.Best-in-class Technologies: Intuition integrates ST Engineering iDirect’s trusted innovations including Global Bandwidth Management (GBWM), enabling customers to differentiate their service offerings with optimized service level agreements – a key feature for global operators.Investment Protection: Customers can leverage journey-enabled infrastructure and modems to evaluate the lifecycle of their current technology, making informed decisions about adoption strategies and assuring future success.

“No two customers will use Intuition the same way,” said Don Claussen, CEO at ST Engineering iDirect. “This initial release is a critical first step that empowers our customers to plan more effectively and rapidly integrate Intuition within their unique network environments. We’re committed to working  with our customers to develop tailored strategies that maximize the return on their investments, ensuring long-term growth in today’s competitive landscape.”

As part of its phased release strategy, ST Engineering iDirect will continue to collaborate closely with customers, offering comprehensive support as they prepare for Intuition’s full general availability in 2025.

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications (satcom) providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their satcom networks. With over 40 years of delivering innovation focused on solving satellite’s most critical economic and technology challenges we are committed to shaping the future of how the world connects. The product portfolio, branded iDirect, represents the highest standards in performance, efficiency and reliability, making it possible for its customers to deliver the best satcom connectivity experience anywhere in the world. ST Engineering iDirect is a leader in key industries including mobility, broadcast and military/government. In 2007, iDirect Government was formed to better serve the U.S. government and defense communities. For more information visit www.idirect.net.

View original content:https://www.prnewswire.co.uk/news-releases/st-engineering-idirect-makes-intuition-available-for-customer-testing-and-adoption-planning-302269879.html

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Buildots Announces Integration with Autodesk BIM 360 to Automate Field Management Issues Creation

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TEL AVIV, Israel, Oct. 8, 2024 /PRNewswire/ — Buildots, an award-winning leader in AI-based automated progress tracking, today announced a new integration with Autodesk® BIM 360®, a project management solution and part of Autodesk Construction Cloud®, bringing valuable advancements to the construction sector. This new integration is further enhancing long-standing integrations between Buildots and Autodesk.

Buildots, known for harnessing the power of artificial intelligence and computer vision, is enhancing efficiencies in the construction industry by enabling performance-driven construction management. The technology captures comprehensive imaging of ongoing projects and employs AI models to translate this data into precise, actionable insights. It monitors construction progress against the plans and schedule, generating a gap analysis and predictive analytics that can alert project managers that corrective action is needed. This process facilitates continuous improvement in performance and adapts to changing realities on the ground, reducing construction delays.

The new integration between Buildots’ AI technology and BIM 360 allows project teams to log deviations detected with visual information in Buildots, such as incorrect installations, by automatically creating Issues in BIM 360. Construction managers can minimize delays and avoid cost overruns by continuing to manage those Issues within BIM 360.

“The integration between Buildots and BIM 360 is a win for the construction industry,” said Aviv Leibovici, co-founder and CPO of Buildots. “It promises to bring new levels of efficiency and precision to construction. Together, we aim to enhance how building projects are planned and executed, making it easier for professionals to contribute to better construction outcomes.”

About Buildots

Buildots is an award-winning global technology leader leveraging the power of AI and computer vision to automate on-site progress tracking on construction projects. The system provides construction teams with accurate data and previously unavailable performance metrics empowering them to make data-driven decisions in a time-sensitive environment. Buildots platform improves project visibility and efficiency leading to reduced delays, enhanced error detection and successful project delivery on time and within budget.

Autodesk, Autodesk Construction Cloud, and BIM 360 are registered trademarks or trademarks of Autodesk, Inc., in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders.

Media Contact
buildots@concrete.media

 

 

View original content:https://www.prnewswire.com/news-releases/buildots-announces-integration-with-autodesk-bim-360-to-automate-field-management-issues-creation-302269790.html

SOURCE Buildots

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