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EBANX takes the lead and prepares the integration of global companies ahead of Pix Automático’s launch

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The recurring payments capability of Pix is expected to be launched in mid 2025 by the Central Bank of Brazil, and EBANX is the first player in cross-border payments already making the documentation available for its global merchants to start the integration

CURITIBA, Brazil, Oct. 15, 2024 /PRNewswire/ — The second most used instant payment method in the world, Brazil’s Pix will have a recurring transaction capability, Pix Automático (Automatic Pix in free translation), set to be launched by the Central Bank of Brazil next year, on June 16th. EBANX, a global tech company specializing in payment services in rising markets in Latin America, Africa, and Asia, is taking the lead and is prepared to start integrating global merchants with this new Pix feature.

From this month, merchants of EBANX can access the technical documentation needed to integrate EBANX’s API for Pix Automático. EBANX’s partners will be able to start backend development, and will also have access to a simulated environment allowing them to thoroughly test their integrations and ensure readiness by June next year, when the Central Bank will release Pix Automático. “By partnering with EBANX, merchants can secure their competitive edge in the market, being ready to offer Pix Automático from day one,” says Fabio Scopeta, Chief Product and Technology Officer (CPTO) at EBANX.

The new Pix capability will greatly improve recurring payments in Brazil, positively impacting Latin America’s largest digital commerce market: “This solution streamlines billing processes and subscription payments, reduces friction, and enhances payment efficiency, for users and businesses,” Scopeta highlights. Pix Automático may improve customer satisfaction by providing more control and flexibility, leading to higher retention rates and fewer missed payments, since these will be scheduled.

From June 2025, Pix users will be able to establish Pix Automático for future transactions without additional interaction by scanning a QR code or providing their banking details. Another option is to pay a bill via QR code and then activate Pix Automático to simplify recurring transactions. After the payer authorization, the amounts will be debited from their account at the frequency specified in the payment instruction.

For merchants, this presents an opportunity to increase revenue and attract more clients. According to internal information from EBANX, which has been operating with Pix since its launch in 2020, companies accepting the instant payment method in digital commerce experience a 16% increase in revenue and a 25% growth in the number of clients. “We remain attentive to how Pix Automático will impact the market and consumers, especially since one in five people who use Pix has already done so with EBANX,” points out the CPTO.

The future of Pix

With no fees for the payer, Pix Automático is a new step in the process of financial and digital inclusion promoted by the instant payment method, which integrated 71.5 million users into the financial system in the first two years of operation, according to the Central Bank of Brazil. Pix has also helped connect these consumers with global and local companies. In the past two years, P2B (person-to-business) transactions have nearly doubled their share of monthly Pix transactions, increasing from 22% to 40%

This landscape may change even more in 2025. In addition to bill payments such as electricity, water, and rent, it is expected that Brazilians will also use Pix Automático for recurring payments in digital subscription-based business models, which may increase the number of P2B transactions. “We are witnessing a boom in recurring payments in segments such as streaming services, SaaS, and digital media across the world, and in Brazil, these verticals may benefit from the launch of Pix Automático,” analyzes the CPTO at EBANX. 

Other innovations in Pix are expected to further enhance the success of the system, including payments via mobile proximity, with installment payments, for foreign accounts, and made with the consumer being offline. According to EBANX, 95% of people who made their first purchase at one of the fintech’s partner online stores paid it with Pix. “Our commitment is to always be aligned with pioneering efforts in the sector and in leadership in Brazil’s payments landscape, to offer the best solutions for our merchants and their clients,” says Scopeta.

About EBANX

EBANX is the leading payment platform connecting global companies with customers from the fastest-growing digital markets in the world. The company was founded in 2012 in Brazil with the mission of giving people access to buy in international digital commerce. With powerful proprietary technology and infrastructure, combined with in-depth knowledge of the markets where it operates, EBANX enables global businesses to connect with hundreds of payment methods in different countries in Latin America, Africa, and Asia. EBANX goes beyond payments, increasing sales, and fostering seamless purchase experiences for businesses and clients.

For further information, please visit:
Website: https://www.ebanx.com/en/
LinkedIn: https://www.linkedin.com/company/ebanx

Media Contact: Shan Huang, shan.huang@ahgstrategies.com

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SOURCE EBANX PTE. Ltd.

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DBN Group Invites Global Agricultural Biotech Companies to Co-create a Leading Innovation Ecosystem at DBN Phoenix International Innovation Park

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BEIJING, Oct. 15, 2024 /PRNewswire/ — DBN Group, a leading high-tech agricultural enterprise, has opened its Phoenix International Innovation Park for global applications from high-quality agricultural biotech companies. This initiative seeks to establish an open innovation and entrepreneurship ecosystem by harnessing cutting-edge technologies and international collaboration, positioning the park as a key player in advancing agricultural technology globally.

DBN Phoenix International Innovation Park, located in the North District of ZGC Science City in Beijing, spans 13.65 acres and offers 160,000 m2 of research and office space. Designed to foster innovation in key areas such as biotechnology, bio-manufacturing, medicine and healthcare, food technology and artificial intelligence, the park aims to become a world-class agricultural technology hub. DBN’s vision for the park is to accelerate innovation through an open platform that supports startups and established companies alike.

The park’s “Industry leader + Research + Investment” model leverages DBN’s strengths in technological innovation to build a shared, collaborative ecosystem. By capitalizing on its leadership in technological innovation, focusing on industrial applications, and relying on a strong foundation in R&D, the park brings together top-tier agricultural biotech projects to drive collective growth. The park offers innovative R&D facilities and access to top-tier innovation platforms, positioning itself as a key player in the rapidly evolving agricultural technology landscape.

As part of its ongoing efforts, DBN Group is developing the ZGC BioIntelligent Manufacturing Innovation Center, focusing on synthetic biology, gene editing, proteomics, AI protein design, healthcare, and artificial intelligence. The center will partner with leading global scientists and industry players to create an innovation ecosystem.

Current partners include unicorns like Bluepha, MEGAROBO, and BioMap, as well as rising stars like Microcyto, PhaBuilder, DPTechnology and MoleculeMind. The park is also collaborating with innovative companies such as BioGeometry, Oxsyns, Biocretech, Nobel Prize commercialization projects like Molefuture and IPO-bound firms like Tsingke Biotechnology. Major listed companies like Genliduo Bio-tech, Angel Yeast, and Huaheng Biotechnology have also joined. DBN is actively seeking global AI-driven life sciences projects to build a biomanufacturing industry cluster.

The area hosts over 10,000 national high-tech enterprises, 50 unicorns, 270 listed companies, and 200 national-level research institutes, creating a first-class R&D environment. The park offers comprehensive services across various sectors, including financial technology, innovation, international exchange, talent management, and infrastructure services, creating a one-stop platform that supports the full lifecycle of agricultural biotech innovation projects.

“DBN has been constantly committed to driving global agricultural advancement through technological innovation,” said Vivian Liu, Director of International Cooperation Platform of DBN. “DBN Phoenix International Innovation Park is a key step in our future development, and we look forward to collaborating with innovators and companies worldwide to build a new frontier in agricultural science and drive industry transformation.”

For more information, please visit the LinkedInFacebook(Meta)Instagram, YouTube, and Twitter pages of DBN.

Please click here to check the original video: https://youtu.be/f-8zvE3rwPQ

DBN Website: https://www.dbn.com.cn/en/home

CONTACT: od@dbn.com.cn 

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SOURCE DBN Group

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SGS HOSTS COMPREHENSIVE WORKSHOP ON GLOBALG.A.P. V6.0 AND BRCGS – FOOD SAFETY ISSUE 9 IN NASHIK

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NASHIK, India, Oct. 15, 2024 /PRNewswire/ — SGS is proud to organize an exclusive, high-impact workshop focusing on two of the most critical international standards in the sector: GlobalG.A.P. V6.0 and BRCGS – Food Safety Issue 9. This workshop aims to equip food industry professionals with the latest updates, best practices and practical insights to enhance their food safety management systems and maintain compliance with global regulatory standards.

Conducted by seasoned industry experts from SGS, the workshop offers an in-depth exploration of the recent updates to both standards and practical strategies for their successful implementation. Attendees will benefit from actionable guidance that will help streamline operations, boost product safety, and enhance overall supply chain transparency.

The event was presided over by Mr. Amit Thakkar, Managing Director of SGS India and Mr. Nilesh Jadhav, Director – Business Assurance, SGS India. In his address, Mr. Thakkar discussed the progress of our Strategy 2027, which prioritises the expansion of our service offerings and footprint in strategically selected cities across India, including Tier 2 and Tier 3 cities. This initiative is aligned with our ambitious growth plans and underscores our commitment to delivering superior quality services and customised solutions that drive sustainable growth across the industry.

“This workshop is an invaluable opportunity for food businesses to stay ahead of regulatory changes and continuously improve their food safety systems,” said Nilesh Jadhav, Director– Business Assurance at SGS India. “By participating in this session, companies can strengthen their market competitiveness and demonstrate their commitment to food safety, quality and meet regulatory compliance.”

The workshop will delve into details, which include:

Detailed updates on GlobalG.A.P. V6.0 and BRCGS – Food Safety Issue 9Expert-led sessions on audit scope, key focus areas, and risk management strategiesPractical advice on enhancing food safety protocols and ensuring supply chain transparency

The event concluded with Mr. Amit Thakkar presenting certificates to the participants, recognising their commitment to advancing food safety standards.

ABOUT SGS

We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world.

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World’s first biodegradable plastic produced from CO2 emissions in Finland

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ESPOO, Finland, Oct. 15, 2024 /PRNewswire/ — Fortum Recycling & Waste, a leading waste management and circular solutions company from Finland, has succeeded in producing biodegradable plastic from carbon dioxide (CO2) emissions from waste incineration at its plant in Riihimäki, Finland. This breakthrough, based on carbon capture and utilization (CCU), is a significant step towards reducing and utilizing industrial carbon dioxide emissions. 

According to Tony Rehn, Head of the Carbon2x program, the production of CO2-based plastic provides a new, sustainable raw material for the plastics industry. 

“I am very proud that our team is the first in the world to successfully produce biodegradable plastic entirely from carbon dioxide emissions. This breakthrough is a significant step towards more sustainable plastic production. This kind of development work helps to reduce dependence on fossil-based raw materials and can create new circular economy-based business,” Rehn explains. 

Similar carbon capture development projects are underway in several industrial sectors in Finland and globally, but the majority of them focus on the production of synthetic fuels and carbon capture and storage (CCS). 

“Captured carbon dioxide should be utilized as a new raw material instead of storing it underground or releasing it into the atmosphere when using fuel. Utilizing captured CO2 is a much more sustainable option in terms of tackling resource scarcity in the future. Whereas carbon capture and storage is a linear solution that does not address the growing material shortage, carbon capture and utilization promotes circular economy,” says Rehn. 

Fortum Recycling & Waste’s Carbon2x program piloted carbon capture and utilization in 2022. The program aims to capture carbon dioxide emissions from the incineration of non-recyclable waste and use them to produce sustainable products, such as biodegradable plastic. 

Plastic is a superior material due to its versatility 

Every year, Europe generates nearly 100 million tons of non-recyclable waste that is incinerated and utilized in energy production. According to Rehn, the wider implementation of the Carbon2x program’s innovation would mean that up to 90% of the CO2 emissions released into the atmosphere from waste incineration could be captured and bound into products. 

Lightweight, durable, and easily modifiable, plastic today is an indispensable material in, for example, food packaging and consumer product manufacturing. According to Rehn, new sustainable solutions are needed for plastic production to complement recycled and bio-based plastics. Biodegradable, CO2-based plastic offers a significant alternative to the market because it has the same qualitative properties as traditional, fossil-based virgin plastics. 

“We want to promote the circulation of materials comprehensively. We believe that a whole new category of sustainable plastics is emerging from products such as ours, even though the mechanical recycling of plastics is still needed,” Rehn clarifies. 

Biodegradable, CO2-based plastic can be recycled just like many other plastics, closing the carbon cycle. An additional advantage of biodegradable plastic is that even if it would end up in nature by accident, it decomposes and does not leave harmful microplastics in the environment. 

According to Rehn, the Carbon2x program’s innovation is hoped to provide solutions not only for material production for food and cosmetics packaging, but also for other sectors such as toys and home electronics. 

Rehn estimates that at this rate of development, the industrial production of biodegradable plastic made from waste incineration’s CO2 emissions could start as early as the end of the decade. The new “plastics born from CO2” brand will be introduced to the European market in November 2024. 

Background Information 

Carbon Capture. Carbon capture (CCS and CCU) refers to technologies that remove carbon dioxide from industrial flue gases. Using capture technologies, the carbon dioxide generated in processes is captured before it is released with the exhaust gases. Currently, various research and development organizations have most commonly presented options for storing captured carbon dioxide, for example, under the seabed. However, the Carbon2x program believes that a more environmentally friendly and, in terms of resource scarcity, a better solution is to utilize captured carbon dioxide as new materials instead of storing it. This can reduce the use of fossil raw materials and return carbon to the material cycle. 

Carbon Capture (CC) refers to the separation of captured carbon dioxide from the flue and exhaust gases of power plants or industrial processes, or alternatively directly from the atmosphere. 

Carbon Capture and Storage (CCS) refers to the long-term storage of captured and separated carbon dioxide underground or under the seabed. 

Carbon Capture and Utilization (CCU), on the other hand, aims to convert captured carbon dioxide into various end products, such as fuels, chemicals, or materials. 

Biodegradable plastics are materials that completely decompose into carbon dioxide and water in nature through the action of naturally occurring microorganisms, such as bacteria, fungi, or algae. 

Tony Rehn, Head of the Carbon2x program 
Email: tony.rehn@fortum.com
Tel: +358 40 4855 857 

Heli Poikonen, Communications and Marketing Director
Email: heli.poikonen@fortum.com
Tel: +358 50 3794 119 

More information about the Carbon2x project: https://fortum.com/carbon2x

More information on CO2-based plastics: https://plasticsbornfromco2.com/

Carbon2x. The goal of Fortum Recycling & Waste’s Carbon2x concept, launched in April 2022, is to recycle otherwise non-recyclable waste by capturing the carbon dioxide emissions generated from its incineration and returning the carbon dioxide to the material cycle as high-quality plastics. The pilot project utilizing carbon dioxide generated from waste incineration is the first of its kind in the world. The pilot is being implemented at Fortum’s plant in Riihimäki, Finland. The first products of the Carbon2x program are expected to reach the market within this decade. 

Fortum Recycling & Waste  
Fortum Recycling & Waste is Rethinking Recycling and leading the way towards revolution of materials. Solving problems is in our DNA and our mission is to transform waste streams back to essential raw materials. Our role is to find solutions for our customers’ environmental and waste challenges to enable circularity of materials.  

Fortum Recycling & Waste operates in the Nordics, offering environmentally friendly waste management and hazardous waste treatment. Additionally, we provide recycling services for materials – including solutions for plastics, metals, as well as ash and slag residues. We employ approximately 900 people. 

Fortum Recycling & Waste has recently been acquired by Summa Equity through its portfolio company NG Group. The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2024.  

Read more on Fortum Recycling & Waste in here: Fortum Recycling & Waste | Fortum

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

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Press Release 15 Oct 2024 World’s first biodegradable plastic produced from CO2 emissions in Finland

https://news.cision.com/fortum/i/biodegradable-plastic-sample,c3342155

Biodegradable plastic sample

 

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