The Addition of Andrew White and Dustin Young Strengthens LISNR’s Strategic Vision Across Retail, Fintech, and Investment Leadership

CINCINNATI, Oct. 21, 2024 /PRNewswire-PRWeb/ — LISNR®, the global leader in ultrasonic data-over-sound technology, is proud to announce the latest additions to its advisory board, welcoming Dustin Young and Andrew White. These new appointments will further enhance the strategic capabilities of LISNR® as the company builds upon its record-breaking 6x growth and is fast becoming recognized as the new data modality standard for proximity verification, transaction, and marketing solutions.

New advisor board member Dustin Young, a retired Senior Vice President at Visa, has spent 35 years in payments, bridging corporate and startup environments. His vast knowledge of financial services and his hands-on approach to payment innovation on-prem and online will play a pivotal role in helping LISNR® further refine its offerings for financial technology solutions.

Joining Young, Andrew White is the founder of Sweat Equity Partners, bringing over three decades of investment experience and guiding startups and established companies to new heights. His deep expertise in strategic investment aligns with LISNR’s continued expansion and growth in new markets.

Eric Allen, CEO of LISNR®, expressed enthusiasm about the new appointments, “We’re thrilled to welcome Andrew and Dustin to the LISNR® advisory board. Their combined experience in financial technology and investment adds critical depth to our leadership, complementing our focus on driving further value in the retail and financial sectors.”

Dustin Young highlighted the importance of LISNR’s technology in the evolving fintech space, “LISNR’s innovative approach to proximity and transaction verification stands at the forefront of what’s next in fintech. I’m excited to help the company advance its technology and reach new milestones.”

Andrew White echoed his sentiment, adding, “I’m honored to join LISNR’s advisory board and support its mission to drive sustainable innovation through collaboration. LISNR’s disruptive data-over-sound technology has immense potential to deliver lasting value across numerous global industries.”

White and Young will join a distinguished board that includes retail technology leader Kirk Ball and seasoned fintech expert Paul Bartholomew-Keen. The LISNR® advisory board now consists of a diverse mix of leaders across key sectors:

Kirk Ball, former EVP & CIO at Giant Eagle and former CTO at Kroger, brings decades of retail innovation to LISNR’s strategic planning.Paul Bartholomew-Keen, a seasoned financial services leader at companies like Travelex, Elavon, and Mastercard will continue to drive LISNR’s focus on fintech and payments innovation.Dustin Young, with his extensive knowledge of payments and corporate strategy, complements LISNR’s forward-thinking approach in the fintech arena.Andrew White, with a deep background in investment and entrepreneurship, adds a unique perspective to the board’s strategic outlook.

With this exceptional group of leaders, LISNR® is well-positioned to continue innovating its Radius® SDK for proximity verification, transaction verification, and proximity marketing to deliver seamless experiences in mobility, retail, fintech, hospitality, and beyond.

Media Contact

Julie Chadbourne, LISNR, 1 (513) 322-8400, julie.chadbourne@lisnr.com , https://Lisnr.com 

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SOURCE LISNR

SHENZHEN, China, Oct. 22, 2024 /PRNewswire/ — TerraPay, a global leader in cross-border money movement, has announced a strategic partnership with Tenpay Global, Tencent’s cross-border payment platform renowned for its innovative financial services through the Weixin ecosystem. This collaboration will enable international transfers directly to Weixin Pay users in China, reinforcing TerraPay’s commitment to delivering seamless, secure, and efficient remittance solutions.

Global remittances are projected to reach $913 billion by 2025, according to the World Bank, with a significant portion directed towards developing nations. As one of the largest recipients of remittances globally, China has received an estimated $53 billion in recent years. This presents a vast opportunity for TerraPay and Tenpay Global to tap into the inbound remittance flows within the Weixin Pay ecosystem.

For many individuals with family and friends in China, sending money home can be fraught with challenges such as, lengthy processing times, and limited access to digital payment options. TerraPay’s partnership with Tenpay Global seeks to address these challenges, providing a fast, secure, user-friendly solution for millions of global users looking to connect with their loved ones in one of the world’s most advance digital payment ecosystems.

This integration will allow TerraPay’s customers to enable their users to send money directly to over one billion Weixin and WeChat users in China, enjoying faster, more reliable cross-border transactions. The partnership enhances the convenience of digital payments, ensuring a seamless experience for users. According to our research, with around 82% of China’s population using digital wallets for everyday transactions, TerraPay’s strategic move aligns perfectly with the growing adoption of mobile wallets.

To capture this opportunity, TerraPay has also collaborated with 5 leading wallet operators to form an Interoperability Council. This is to enable participating wallets to interconnect and interoperate for multiple cross-border transaction types, including remittances and merchant payments.

“Partnering with Tenpay Global is a thrilling milestone for us in China, one of the world’s most vibrant digital payment markets,” said Ambar Sur, Founder & CEO of TerraPay. “This collaboration enables us to offer our users a direct, efficient way to send money home, fostering deeper connections across borders and expanding our wallet reach to more than 3.7 billion wallets. Furthermore, this partnership comes at an exciting time for wallet providers, as we have recently launched the Wallet Interoperability Council to drive interoperability for multiple cross-border transaction types, including remittances and merchant payments using wallets.”

Wenhui Yang, CEO of Tenpay Global (SG), added, “Our commitment to fostering open collaborations with global partners is the key to create a digital payment network across borders. By offering efficient, seamless remittance solutions, we are enhancing global connectivity and empowering individuals to stay connected with their loved ones, no matter where they are.”

The remittance corridors into China are robust, with key routes including the US-China, Canada–China, and Southeast Asia–China corridors. These corridors, driven by expatriates and overseas workers sending money back to their families, represent a crucial market segment for both TerraPay and Tenpay Global.

As China’s digital payment landscape continues to evolve, this collaboration positions TerraPay to leverage its strong presence in Southeast Asia, further enhancing the speed and convenience of payments into China. Together, TerraPay and Tenpay Global are set to make sending money home not just a transaction, but a bridge connecting families and communities across borders.

About TerraPay

TerraPay simplifies global money movement, providing a single connection to one of the most expansive cross-border payment networks regulated in over 30 global markets. The platform enables payments to 144+ receiving countries, 210+ sending countries, over 3.7 billion mobile wallets, 7.5 billion bank accounts, and more than 12 billion cards. TerraPay is on a mission to create a borderless financial world, making money transfers instant, reliable, transparent, and fully compliant. Founded in 2014, TerraPay operates in over 12 countries and has built the global digital wallet interoperable network, driving financial inclusion even in the most remote markets. TerraPay is headquartered in London, with offices in cities like Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, and Singapore. Backed by leading investors including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa, TerraPay continues its rapid global expansion.

About Tenpay Global

Tenpay Global, the cross-border payment platform of Tencent, is your gateway to seamless cross-border payment solutions for businesses and individuals. We offer scenario-based services for different customer groups, including cross-border consumption, cross-border remittances, and cross-border commerce scenarios. Together with global partners, we are committed to bridging the world’s payment networks with Weixin’s ecosystem in China.

Media Contact: 
Juveria Samrin,
juveria.n@terrapay.com 

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SHENZHEN, China, Oct. 21, 2024 /PRNewswire/ — On October 15, the 136th China Import and Export Fair (Canton Fair) opened grandly at the Canton Fair Complex in Guangzhou. As a regular participant and a leading player in the industry, SKYWORTH made a remarkable appearance once again, showcasing its latest advancements in consumer electronics and demonstrating its exceptional innovation, continuously rewriting the history of the home appliance industry.

SKYWORTH’s booth featured a spectacular 3D dragon display on the “Dragon Column” LED screen, combined with stunning audiovisual effects, attracting numerous international buyers to stop by. At this year’s fair, SKYWORTH’s differentiated TV products stood out with their high-end, ultra-stylish designs. From seamless Frame+ TV series, the world’s first AI karaoke Google TV series, and portable TVs, all these models shone brightly at the exhibition.

The flagship of the Frame+ TV series, the 110-inch Q9E, features outstanding picture quality and audio, with an ultra-black wide-angle screen and a 50 million:1 dynamic contrast ratio, plus 4.2.2 surround sound for an immersive experience. The 138-inch LED super commercial TV, using advanced coating and lamination, offers high brightness and clarity, ideal for commercial settings like meetings and exhibitions.

SKYWORTH Group sees innovation as a key growth driver, continually investing in R&D to achieve technological breakthroughs. In AI, SKYWORTH utilizes deep learning and natural language processing to develop a smart interaction system with voice control and intelligent recommendations, enhancing the viewing experience. In manufacturing, SKYWORTH integrates “5G + Industrial Internet” technology, improving efficiency and product quality to maintain its global leadership in TV production.

As of September 2024, SKYWORTH’s global shipments of Google TV and other Android TV OS devices have exceeded 38 million units. The company has established a global footprint with 11 R&D centers, 18 manufacturing centers, and 28 overseas subsidiaries, distributing products to over 120 countries and regions.

The Canton Fair is a platform for “connecting the world and creating mutual benefits.” SKYWORTH showcased its technological and product innovations, connecting global buyers and highlighting its position. Moving forward, SKYWORTH remains committed to innovation, quality, and openness, aiming to deliver high-quality growth and provide consumers worldwide with intelligent and convenient products.

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SOURCE SKYWORTH Group