JAPAN NATIONAL TOURISM ORGANIZATION’S NEW INSIDER GUIDE FEATURES WELLCATION CONCEPT

Photo by Universal Studios Japan (C) Nintendo (Graphic: Business Wire)

KUALA LUMPUR, May 31 (Bernama) -- The Japan National Tourism Organization (JNTO) has launched a new insider guide to Japan, categorised into seven themes that will motivate tourists.

The themes are Nature, Outdoors, Tradition, Cuisine, Relaxation, Art and Cities, linking to a concept of Wellcation (well being and vacation) which help visitors relieve stress and anxiety arising from ‘new norms’.

According to a statement, the contents also cover various Japanese attractions from culture and cuisine, to up-to-date events, newly-established sightseeing spots and recent travel trends.

One example is travel by luxury train in the Kyushu area. The train itself is a jewel box on wheels and is serviced by white gloved-staff providing guests with delicious cuisines ranging from Japanese to Italian-style dishes prepared by local restaurants using select local foods.

There are also stops along the way to allow guests to visit tourist sites and shops for local artisanal products.

Visiting Super Nintendo World at Universal Studios Japan in Osaka Prefecture may be another way to unwind from the hustle and bustle of daily life.

Nintendo’s first foray into the world of theme parks is designed as an interactive game with visitors able to purchase a smartphone-linked Power Up Band upon entry, enabling them to collect virtual coins and play against enemy characters.

For those who need spiritual relaxation, the sacred route, ‘a modern pilgrimage in Shikoku’, may be the perfect thing to do.

The sacred route, which spans a 1,200-kilometre loop, cuts a picturesque path through the natural landscape of Shikoku and takes in rugged mountains, forests and villages along the way.

More details at web: https://www.japan.travel/en/

-- BERNAMA

REGTECH PROVIDER NAPIER STRENGTHENS FOOTHOLD IN APAC

LONDON, May 28 (Bernama-BUSINESS WIRE) -- Napier, provider of next-generation anti-financial crime compliance solutions, has continued its aggressive global expansion by opening a second APAC office within 10 months.

Adding a Kuala Lumpur presence to the Singapore base established last year, the London-headquartered company also announces senior leadership appointments to further strengthen its foothold in APAC. Wall Street and Silicon Valley alumni Robin Lee takes over as Head of APAC while Hwee Kun Ho, formerly of Salesforce, Refinitiv and Dow Jones, steps in as APAC Head of Sales.

Napier, which works with financial organisations worldwide to provide an AI-led platform for intelligent AML & trade compliance, doubled its annual revenue in 2020 adding a significant number of new clients to its platform globally. It continues to grow an impressive roster of clients in APAC, recently announcing significant deals with Australia Post and a number of other major financial institutions.

Napier was also recently recognised with a prestigious award win for Best AML/CTF Solution in the Regulation Asia Awards for Excellence 2020.

Greg Watson, Chief Operating Officer at Napier, said: “Financial criminals are sophisticated and the fight is a global one, so we’re constantly looking at ways to evolve as a business. This means leading the way in terms of offering the most advanced technology, and also having a presence in global financial hubs around the world to be as close to the action as possible.

“Increasing our footprint in APAC is part of this global strategy to enable us to better serve our customers that operate locally and across international markets.”

Napier also has presence in the UK, USA, Australia and Dubai. It aims to continue its growth in 2021 and recently appointed former HSBC Group COO and BCG Global Banking Chair, Andy Maguire, to its Advisory Board. Andy will use his vast industry experience to provide strategic direction as the business continues its rapid global expansion.

Robin Lee, Head of APAC at Napier, said: “I’m delighted to take on the role of Head of APAC as we accelerate our growth here. The financial sector is increasingly seeing the benefit of technologies such as AI and machine learning when it comes to tracking suspicious activity. We’re able to combine tools such as transaction monitoring and client screening into a single integrated platform to make KYC-AML data easily accessible by compliance teams.”

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PATHWAY CLOSES ON US$400 MILLION CUSTOM FOF FOR ASIA-BASED INVESTOR

KUALA LUMPUR, May 28 (Bernama) -- Pathway, a private market portfolio solutions provider has closed on a US$400 million customised fund of funds for an Asia-based institutional investor. (US$1 = RM4.14)

In a statement, the company said the fund would seek to build a diversified portfolio of primary fund investments and co-investments in both the small and middle markets globally.

The fund represents a continuation of Pathway’s successful 30-year history of investing in private markets, which totals more than US$95 billion in commitments. 

To date, Pathway has developed more than 95 customised solutions for clients across private equity, private credit, and infrastructure mandates.

Formed in 1991, Pathway creates and manages single and multi-investor programmes for institutional investors worldwide, investing in various private market strategies via primaries, secondaries, co-investments, and direct credit investments.

-- BERNAMA

COLCORONA STUDY RESULTS PUBLISHED IN THE LANCET RESPIRATORY MEDICINE

KUALA LUMPUR, May 28 (Bernama) -- The Montreal Heart Institute (MHI) has announced that the COLCORONA study results have been published in The Lancet Respiratory Medicine. 

The article is entitled, Colchicine for community-treated patients with COVID-19 (COLCORONA): a phase 3, randomised, double-blinded, adaptive, placebo-controlled, multicentre trial.

Based on a statement, Colchicine is an inexpensive and readily available anti-inflammatory drug. Orally administered, it is currently prescribed to treat gout, Familial Mediterranean Fever and pericarditis.

It has concluded that, given the lack of oral therapies available to prevent COVID-19 complications among non-hospitalised patients and the observed benefit of colchicine in patients with a PCR-confirmed diagnosis of COVID-19, this anti-inflammatory drug could be considered as a treatment for those at risk of complications.

“Our study showed that colchicine could be used to reduce the risk of complications for some patients with COVID-19,” said Director of the MHI Research Centre, Dr Jean-Claude Tardif, who is also Professor at the Faculty of Medicine of the Université de Montréal and Principal Investigator of COLCORONA.

COLCORONA (NCT04322682) is a randomised, double-blinded, placebo-controlled, home-based clinical trial, conducted in Canada, the United States, Europe, South America and South Africa. 

The study included 4,488 non-hospitalised patients over 40 years of age with COVID-19 at the time of inclusion, with at least one identified risk factor for COVID-19 complications.

Patients were randomised to receive colchicine (0.5 mg twice daily for three days and once daily after) or placebo for 30 days.

-- BERNAMA

SEA ELECTRIC EXTENDS WORLDWIDE PRESENCE WITH INCREASED GLOBAL MANAGEMENT TEAM AND STRONG SHOWING AT BRISBANE TRUCK SHOW

First Public Viewing of Full Range of SEA Electric-branded Trucks Sets Framework for Company’s Growth in Global Electrification

LOS ANGELES, May 27 (Bernama-GLOBE NEWSWIRE) -- The recent Brisbane Truck Show (May 13-16, Brisbane Convention & Exhibition Centre, South Brisbane, Australia) held a significant presence for global automotive technology company SEA Electric, showcasing the first-ever public appearance of a full range of operational-ready electric trucks utilizing proprietary SEA-Drive® power systems, new SEA Electric branding, and the announcement of senior global leadership taking the company’s helm throughout the Asia Pacific region.

The appointment of Bill Gillespie, president of Asia Pacific, and promotion of Glen Walker to vice president of Asia Pacific, bring a wealth of international transport industry and electric vehicle expertise to the region during a time of growth for SEA Electric worldwide. Following a recent US $42 million investment, SEA Electric is bringing electrification solutions and opportunities to nearly every corner of the globe, and in the United States it has added further assembly capacity, creating the current potential for approximately 60,000 units per annum. Further U.S. assembly, including in the area of batteries, is expected in the near future.



http://mrem.bernama.com/viewsm.php?idm=40129

MONDE NISSIN COMPLETES DOMESTIC AND INTERNATIONAL BOOK BUILDS AND ANNOUNCES IPO SHARES WERE MULTIPLE TIMES OVERSUBSCRIBED

 NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN AND AUSTRALIA:

Overwhelming Demand from International and Domestic Investors Further Reflects the Attractive Long-Term Growth Opportunities for the Quorn and APAC Businesses


MAKATI CITY, Phillippines, May 28 (Bernama-BUSINESS WIRE) -- Monde Nissin Corporation (“Monde Nissin” or the “Company”) today announced that it completed the offering period for its proposed initial public offering (“IPO”) of 3,600,000,000 Common Shares (the “Offering”) at a price of Php13.50 per share, with an overallotment option of a further 540,000,000 Common Shares granted by the Selling Shareholder.

The Offering received overwhelming interest from global institutional investors and long-only funds, as well as strong demand from Philippines-based investors, resulting in an international and domestic book building process that was multiple times oversubscribed.

The IPO is the largest ever on the Philippines Stock Exchange (“PSE”) and the largest food and beverage IPO in Southeast Asia. It raises Php48.6 billion for Monde Nissin, excluding underwriting commissions and other offering expenses payable by the Company. The new international and domestic investors join the previously announced 11 renowned, global long-term cornerstone investors in making up Monde Nissin’s initial shareholder base.

“The extraordinary level of interest that we received from a broad range of international and domestic investors is a testament to the world-class company that we have built and the significant growth opportunities that lie ahead,” said Henry Soesanto, Chief Executive Officer of Monde Nissin Corporation.

Mr. Soesanto added, “Our Quorn and Asia-Pacific Branded Food and Beverage businesses are a powerful combination to advance our mission of food safety and food security. Quorn is a leading player in the fast-growing global meat alternatives segment with a loyal customer following and a defining set of healthy sustainable products. Our Asia-Pacific Branded Food and Beverage business is widely recognized for its leadership positions across each of its core segments. We intend to stay ahead of consumer demands through innovation and investment in technology to provide healthier and more delicious food.”

Mr. Soesanto concluded by saying, “The scale and timing of our IPO has only been made possible through the hard work and guidance of the dedicated teams at the Philippine Securities and Exchange Commission and the PSE, to whom I extend my sincere gratitude and thanks.”

Monde Nissin expects to commence trading on the PSE under the ticker symbol “MONDE” on June 1, 2021. Mr. Soesanto and guests plan to ring the opening bell.

As previously announced, the Company intends to use the net proceeds from the primary offer to fund capital expenditures, redeem the Arran Convertible Note and repay loans to commercial banks. A copy of Monde Nissin’s final prospectus is available on the Company’s website at https://mondenissin.com/company-prospectus/.

UBS AG Singapore Branch, Citigroup Global Markets Limited and J.P. Morgan Securities plc served as Joint Global Coordinators and Joint Bookrunners for the offering. BDO Capital & Investment Corporation, BPI Capital Corporation and First Metro Investment Corporation were the Local Lead Underwriters and Joint Bookrunners. Credit Suisse (Singapore) Limited served as the Joint International Bookrunner. Macquarie Capital Securities (Singapore) Pte. Limited and Jefferies Singapore Limited served as the International Co-Bookrunners. China Bank Capital Corporation, PNB Capital and Investment Corporation and SB Capital Investment Corp. were the Domestic Co-Lead Underwriters.

This communication is not for distribution, directly or indirectly, in or into the United States (including is territories and possessions, any State of the United States and the District of Columbia). This communication is not an offer and does not form a part of any offer of securities for sale in the United States or elsewhere. The securities referenced herein have not been and will not be registered under the United States Securities Act of 1933 (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. No money, securities or other consideration is being solicited by this communication or the information contained herein and, if sent in response to this communication or the information contained herein, will not be accepted.

About Monde Nissin

Monde Nissin Corporation is a global food and beverages company headquartered in the Philippines, with a portfolio of iconic and market leading brands across fast-growing categories, including Lucky Me! noodles, SkyFlakes crackers, Fita crackers, Monde baked goods and Quorn meat alternative products. The Company aspires to improve the well-being of people and the planet, and create sustainable solutions for food security. That aspiration is reflected in our commitment to continuously improve our products to make them more delicious, nutritious, and better for the planet. For more information, please visit www.mondenissin.com.

About Quorn

Quorn Foods is a global market leader in healthy, sustainable protein. Headquartered in Stokesley, North Yorkshire in the United Kingdom, the company offers a wide range of great-tasting products to appeal to the rapidly expanding group of people wanting to reduce their meat consumption. The company employs around 900 people and exports to 15 countries around the world, including Australia, Singapore and the United States. Quorn® is one of the United Kingdom’s top 40 FMCG brands. Quorn Foods Ltd is the reporting group which includes a main trading company, Marlow Foods Ltd. Quorn Foods Ltd encompasses all international operations of Quorn® and Cauldron®. For more information, please visit www.quorn.com.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210525006050/en/

Contact

Media:
Philippines Media
Monde Nissin
Mark Tiangco
corp.comm@mondenissin.com

International Media
Sard Verbinnen & Co
Ron Low, Jay Qin and Eve Young
MondeNissin-SVC@sardverb.com

Source : Monde Nissin Corporation

KANFER, TAIZHOU MAKE A SPLASH, SIGNING SHIPBUILDING CONTRACT

 

KUALA LUMPUR, May 28 (Bernama) -- Kanfer Shipping AS (Kanfer), the Norway-based shipping company, has signed a shipbuilding contract with China-based Taizhou Wuzhou Shipbuilding Industry Co Ltd (Taizhou).

It is for the construction of its first two small-scale LNG bunker and distribution ships with 6,000 cbm tank capacity each. 

According to a statement, Kanfer had signed an LOI with Taizhou in January earlier this year.

The vessels are scheduled for delivery by second half 2023, with the option to build additional vessels.

“Taizhou has deep experience in building small-scale LNG carriers and Kanfer’s technological partner, CGR Arctic Marine AS, has worked closely for years with the yard,” said Founder and CEO Stig Hagen of Kanfer Shipping.

“This relationship and their competitiveness have made Taizhou an ideal choice for construction of Kanfer’s 6,000 cbm capacity small-scale vessels.”

CGR’s concept design for these two LNG bunker and distribution ships including their specialised cargo and gas process plants, addresses the immediate industry need for more cost-efficient and environmentally friendly LNG bunkering.

Key features include mono-tank design, with simple arrangement and minimal boil-off; pure gas electric power production combined with hybrid battery technology and lowest possible environmental footprint.

It also has extreme manoeuvrability with Azipull thrusters and bow thruster combined with joystick operation as well as 500 cbm MDO cargo tank.

All the technical features allow for both capex and opex savings. These savings result in lower day-rates for customers while at the same time offering excellent functionality and clear environmental benefits.

More details at http://kanfershipping.com/home/ 

-- BERNAMA

NIPPON EXPRESS GLOBAL WEBSITE AVAILABLE IN 14 LANGUAGES NEXT MONTH

KUALA LUMPUR, May 27 (Bernama) -- Nippon Express Co Ltd has been multilingualising its global website, accommodating 14 languages by next month.

As of March, the website is capable of accommodating 12 languages - English, Chinese (simplified), Arabic, Italian, Indonesian, Dutch, Spanish, Thai, Vietnamese, Bengali, Portuguese and Malay.

According to a statement, by next month, German and French language will be added.

Nippon Express is striving to achieve the long-term vision of becoming a logistics company with a strong presence in the global market stipulated in the ‘Nippon Express Group Business Plan 2023 -- Dynamic Growth’. 

Its global website has heretofore only been available in English, but multilingualisation efforts are underway to make the website more convenient for non-English-speaking users and to allow for better communication with a broader range of global customers.

The company will continue enhancing its website and other owned media to make them more convenient for users even as it works to further expand its services.

More details at https://www.nipponexpress.com 

-- BERNAMA

3-DAY INTERNATIONAL BIG DATA EXPO ENDS IN GUIYANG, CHINA

 

KUALA LUMPUR, May 28 (Bernama) -- The 2021 China International Big Data Industry Expo, the country's leading big data expo, recently kicked off in Guiyang, capital city of southwest China's Guizhou Province.

Based on a statement, the expo which was founded has become an international and professional platform for the development of big data as well as an industrial bellwether.

The three-day event, ending today, is jointly held by the local government as well as the country's top economic planner, industrial and information watchdogs. 

With support from China's commerce ministry, the expo features domestic, global, industrial and business perspectives.

Themed ‘Embrace digital intelligence, Deliver new development’, the event includes conferences, exhibitions, new product launches, contests and other activities.

This year's expo is conducted both online and offline, seeking open cooperation and joint development of different stakeholders. 

The online expo offers services like online communication, online exhibition, business negotiation, online forum and guest promotion, presenting a variety of exhibition functions.

The activities of the expo includes exhibitions to display new technologies, products, schemes and applications in big data as well as meetings and exchanges, talent introductions, night talks, salons and dialogues.

Guiyang City and Gui'an New District, as the core areas of the national big data (Guizhou) integrated pilot zone, have always been pioneers in big data development, posting leapfrogging progresses in industrial growth. 

-- BERNAMA

TELEDYNE IMAGING'S NEW 2K AND 4K LINE SCAN CAMERAS DELIVER INDUSTRY-LEADING PERFORMANCE IN A COMPACT PACKAGE

 

New Linea Lite series line scan cameras more accessible than ever


WATERLOO, Ontario, May 27 (Bernama-GLOBE NEWSWIRE) -- Teledyne Imaging, a Teledyne Technologies [NYSE: TDY] company and global leader in machine vision, launches the Linea™ Lite family of line scan cameras built for a wide range of machine vision applications. The new Linea Lite cameras feature a 45% smaller footprint than the original Linea. Based on a new proprietary CMOS image sensor from Teledyne Imaging, it expands on the success of the original series of low-cost, high-value Linea line scan cameras.

Designed to suit many applications, the Linea Lite offers customers a choice between high full well mode or high responsivity mode, via easy to configure gain settings. The cameras are available in 2k and 4k resolutions, in monochrome and bilinear color. Linea Lite has all the essential line scan features, including multiple regions of interest, programmable coefficient sets, precision time protocol (PTP), and TurboDrive™. With GigE interface and power over Ethernet (PoE), Linea Lite is an excellent fit for applications such as secondary battery inspection, optical sorting, printed materials inspection, packaging inspection, and many more.

“We are thrilled to launch the new Linea Lite series of line scan cameras,” commented Mike Grodzki, Product Manager for Linea Lite. “This new family combines everything we’ve learned about machine vision over the years into a powerful and low-cost package.”

Key Features:

• 7µm or 14µm pixels
• 2k and 4k resolutions
• Configurable full well
• Precision time protocol
• Selectable 8 or 12-bit output

Notes to Editors:

Teledyne Imaging is a group of leading-edge companies aligned under the Teledyne umbrella. Teledyne Imaging forms an unrivalled collective of expertise across the spectrum with decades of experience. Individually, each company offers best-in-class solutions. Together, they combine and leverage each other’s strengths to provide the deepest, widest imaging and related technology portfolio in the world. From aerospace through industrial inspection, scientific research, spectroscopy, radiography and radiotherapy, geospatial surveying, and advanced MEMS and semiconductor solutions, Teledyne Imaging offers world-wide customer support and the technical expertise to handle the toughest tasks. Their tools, technologies, and vision solutions are built to deliver to their customers a unique and competitive advantage.

For more information, visit www.teledyneimaging.com

For media enquiries, please contact:
Geralyn Miller
Senior Manager, Global Media Relations 
Tel: +1-519-886-6001 ext. 2187
Email: geralyn.miller@teledyne.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/da9f0699-625d-46d7-ac4c-0a74694056d8 

SOURCE : Teledyne DALSA

ANAQUA ACQUIRES ACTIO IP TO OFFER INTEGRATED TECH-ENABLED FOREIGN FILING SOLUTIONS

Acquisition expands Anaqua’s offerings with easy-to-use platform, supported by exceptional customer service, to help IP practitioners streamline their global filings process

BOSTON, May 25 (Bernama-GLOBE NEWSWIRE) -- Anaqua, the leading innovation and intellectual property (IP) management technology provider, today announced that it has acquired tech-enabled IP services company Actio IP from Acapo AS. The transaction further strengthens Anaqua’s strategic line of IP management solutions, offering corporations and law firms an intuitive, transparent, and efficient experience in managing the Patent Cooperation Treaty (PCT) National Phase and European Patent (EP) Validation filing processes.

Anaqua will continue to enhance Actio IP’s tech-enabled foreign filing services platform, ACTIO Portal, while significantly investing in the integration of the services with Anaqua’s IP management software and payment services. Actio IP, which also offers IP renewals, will add incremental volume to Anaqua’s existing payments business.

“Both companies share a deep commitment to leveraging technology to optimize the IP workflow process,” said Christine Jennings, President of Anaqua Services, who will lead the new business unit. “We believe this combination will enhance the customer experience by pairing our existing payments business with another high-quality service that can be seamlessly-integrated with our software platforms and other offerings.”

All Actio IP employees will join Anaqua as part of the acquisition, as the business expands its current operations in Bergen, Norway under the management of Actio IP executives Spencer Vold-Burgess and Anders Osa-Svanberg, who will both report to Christine Jennings.

“The combination of the two companies will serve to address the growing demand for increased efficiency in global filings,” said Spencer Vold-Burgess, who will join Anaqua as Director, Client Services. “Since our initial interactions with Anaqua, it has been clear that we share the same goals in providing unparalleled IP solutions and customer service to help our clients streamline IP management processes. Our team has been impressed with Anaqua’s global scale and client base, and look forward to joining the Anaqua team and innovating to better serve this evolving industry.”

“Anaqua will be a great partner for Actio IP going forward,” said Hilde Vold-Burgess, Managing Partner of Acapo. “This acquisition will strengthen Actio IP’s capacity to pursue strategic growth initiatives and continue delivering innovative solutions to the IP industry. We wish Actio IP and the team all the best under the Anaqua umbrella, and look forward to continuing using their services as they enter this next phase of scaling.”

Latham & Watkins LLP and Wikborg Rein Advokatfirma AS served as legal counsel to Anaqua.

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services. Anaqua’s AQX platform combines best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators in large and medium-sized companies use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

About Actio IP
Actio IP AS was founded in 2009 with the goal of developing Intellectual Property (IP) solutions to reduce costs and administration. Based in Norway, Actio IP is a team of patent and trademark professionals who understand the needs and complex demands of the IP industry, what is involved in developing and managing complex portfolios, and the importance of creating strong international relationships. The company provides administrative services for IP professionals via the ACTIO Portal. Through the portal, users access a one-stop global platform for streamlining global filings, validations and renewals. The portal provides a gateway to international top-tier IP firms, giving flexibility and providing cost and time savings. The ACTIO Portal is an advanced and automated platform. Combined with an experienced IP administration team, this simplifies customers’ global IP filings, validations and renewals to free up time for higher-value tasks. For more information, visit actio.no, or on LinkedIn.

About Acapo
Acapo is one of the leading Intellectual Property consultancy firms in Norway with offices in Oslo, Bergen, Trondheim and Fredrikstad. The firm’s services include advisory services within all fields of IPR. Filing and prosecution of applications for European and Norwegian patents is within Acapo’s core field of business and their lawyers attend to litigation of cases pertaining to i.e. patents, trademarks and marketing law. The highly skilled staff of Acapo also handle filing of applications for Norwegian and European trademark and design registrations. As a full-service IPR-firm, Acapo also attend to maintenance of patents, and design and trademark registrations. For more information, visit acapo.no, or on LinkedIn.

Company Contact:
Amanda Hollis
Associate Director, Communications
Anaqua
617-375-2626
ahollis@Anaqua.com

SOURCE: Anaqua Inc

--BERNAMA

PAYMYTUITION SUPPORTS STRATEGIC EXPANSION IN CHINA WITH SELECTION OF FISERV TO ENABLE LOCAL PAYMENT METHODS FOR OVERSEAS SERVICES

 PayMyTuition and Fiserv will enable students to pay overseas tuition fees using preferred payment methods such as Alipay and WeChat Pay

Education institutions and enterprises outside China will benefit from payment settlement in their local currency


SHANGHAI, May 25 (Bernama-BUSINESS WIRE) -- PayMyTuition, a leading provider of technology-driven global payment processing solutions for tuition payments, is supporting a strategic expansion in China with the selection of Fiserv to facilitate tuition payments for Chinese students attending colleges and universities overseas. Fiserv will enable PayMyTuition to accept payments using locally preferred methods and then settle the payment with the recipient institution in another currency.

PayMyTuition integrates directly into educational institutions’ student information and accounts payable (AP) systems. As a result, students pay for their tuition without additional fees, while colleges and universities save time, human resources, and money.

Local digital payment methods such as Alipay, WeChat Pay and China UnionPay ExpressPay are preferred payment methods for students and consumers based in China. The solution provided by Fiserv enables these familiar payment methods for consumers and students, with settlement in another currency to the service provider based outside of China. These include Australian dollars, Canadian dollars, Singapore dollars, U.S. dollars and more.

Chinese students will no longer be limited by unfamiliar or less convenient payment options when it comes to paying for their tuition for colleges or universities overseas.

“We are excited to partner with Fiserv to expand upon our current offering of providing local payment methods and a seamless payment experience to Chinese students paying international tuition fees. Colleges and universities overseas serving Chinese students will benefit from payment settlement in U.S. dollars or their preferred currency, improving operating efficiency and saving in fees,” said Arif Hariji, Director, Chief Market Strategy at MTFX Group. “We plan to roll out the solution with Fiserv to our education partners around the world, starting from Australia and Singapore, to support tuition fee payment from students from China.”

Fiserv pioneered domestic e-commerce acquiring to support multinational companies based around the world who need to offer a familiar payment solution to Chinese consumers whilst receiving settlement in Yuan or another chosen currency.

“We are proud to support PayMyTuition’s expansion in the market and their goal to simplify the payment of students’ tuition and fees,” said Sarah Wu, General Manager of Fiserv in Greater China. “Whether providing services or online shopping to Chinese consumers, it is always preferred to offer familiar payment methods, streamlining the payments experience and reducing shopping cart abandonment.”

In a world moving faster than ever before, Fiserv helps clients deliver digital payment solutions in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.

About PayMyTuition by MTFX

PayMyTuition is part of the MTFX Group of Companies, a foreign exchange and global payments solution provider with a track record of 25 years, facilitating payments for over 8,000 corporate and institutional clients across North America. MTFX has built its reputation on amazing people and great technology. Using a blend of “high-tech” and “high-touch” solutions, MTFX has grown to become a leader in online foreign exchange and global payment services across North America. In addition to offering incredibly competitive currency exchange rates, MTFX’s “high-touch” 24/7 multilingual customer support ensures that every transaction not only meets but exceeds the level of service our customers expect from us. MTFX is headquartered in Toronto, Canada with its US headquarters in Jersey City, NJ.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover^® cloud-based point-of-sale solution. Fiserv is a member of the S&P 500^® Index and the FORTUNE^® 500 and is among the FORTUNE Magazine World’s Most Admired Companies^®. Visit fiserv.com and follow on social media for more information and the latest company news.

FISV-G

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210524005794/en/

Contact

Media Relations:
Joanne England
APAC Marketing & Communications
Fiserv, Inc.
+852 9309 2213
Joanne.England@Fiserv.com

Source : Fiserv, Inc.