- The payment platform will allow businesses in Hong Kong to make payments with credit cards in instances where the recipients do not accept card payments.
- CardUp’s solution will help Hong Kong-based businesses maximise and digitise their cash flow, access flexible and competitively-priced capital during the current economic climate, whilst equipping businesses with the tools to automate their payables processes
- CardUp is a registered Visa Business Payment Solution Provider (BPSP); this partnership enables customised pricing for Visa Commercial card holders at competitive rates
HONG KONG SAR – Media OutReach – 2 December 2020 – CardUp, the digital credit card enablement platform, has launched a new solution that enables businesses to instantly access credit on international payments at competitive rates. While the global remittance market is dominated by bank to bank transfers — CardUp enables these payment to be made via credit cards to overseas suppliers who do not accept card payments. This means businesses can make use of their available credit limit to delay the outflow of that expense for up to two months, on payments to over 100 countries. CardUp’s solution leverages the company’s status as a registered Visa Business Payment Solution Provider (BPSP) to help more businesses in Hong Kong tap onto their underutilised credit limits. To do so, CardUp charges a processing fee per transaction, but the company’s status as a registered Visa BPSP means customised rates can be offered to businesses, helping companies maximise their cash flow at a competitive price.
“We are delighted to expand our services to businesses in Hong Kong, many of whom grappled both with cash flow problems and challenges digitising payables and receivables whilst finance teams work digitally in the new post-pandemic world. We saw an opportunity to help them with a more flexible digital business payment facility to enable their business continuity,” said Nicki Ramsay, CEO of CardUp. “By launching our platform in Hong Kong, we enable businesses here to tap onto existing credit card lines more easily to help them tide their cash flow during this uncertain time. Our collaboration with Visa allows us to double-down on this flexibility as our BPSP facility is competitively-priced, more convenient than using conventional credit lines and quicker as there is no need for applications or waiting times.”
A survey by the Hong Kong General Chamber of Commerce (HKGCC) found that 42 percent of small- and medium-sized enterprises (SMEs) and 24 percent of large corporations were concerned about their survivability amid the ongoing COVID-19 pandemic. During this time, these businesses were particularly exposed to reduced short-term cash flow due to revenue losses. CardUp believes that its new B2B facility and its status as a registered Visa BPSP will help the businesses benefit from more flexible payment options to keep their businesses afloat during uncertain economic periods.
“Many businesses often think of a credit card as nothing more than a payment method. However, a business credit card can also double up as a planning and budgeting tool. Based on our research, Visa recognised that cash flow optimisation is one of the top pain points of Hong Kong SMEs,” said Maaike Steinebach, Visa General Manager, Hong Kong and Macau. “Our partnership with CardUp helps businesses extend their days of payable outstanding and optimise their working capital with their commercial cards, crucial under current business climate.”
As a registered Visa BPSP, CardUp provides the following payment facilities for both businesses and banking partners.
- Enable B2B payments on credit cards . CardUp allows businesses to use their credit cards to pay business expenses to non-card accepting recipients, which includes payroll, supplier invoices, rent and more.
- Improve cash flow . Businesses can improve their cash flow by using CardUp’s platform to obtain up to almost two months of interest-free credit and early settlement discounts. This solution, coupled with competitive rates presented by their status as a Visa BPSP, presents an extremely cost-effective way for companies to access working capital. It is also much easier for them to obtain these funds, without any lengthy and cumbersome applications or heavy documentation required for loans.
- Digitise processes . CardUp provides businesses a digital interface where they can schedule recurring payments and monitor payment statuses all from one dashboard — allowing them to easily leverage data to track and reconcile payments. CardUp’s platform also equips businesses with invoice automation tools to digitise payables and receivables processes, helping finance teams work digitally and thrive in the new normal.
- Cost and time savings. Businesses enjoy additional cost savings through card rewards earned on these business expenses, as well as time and cost savings through the automation and consolidation of domestic and international payments on one platform.
For banking partners
- Obtain more customers and business growth prospects . Banks and payment networks can benefit from increased coverage, capturing incremental spend in non-card accepting sectors, as well as advance digitisation efforts. With over US$1 trillion still being spent by cheque in Hong Kong, this opens up opportunities in the cards sector as businesses are able to use their heavily underutilised credit limits for large business expenses previously not possible by card.
CardUp’s technology connects to accounting and ERP platforms, to provide businesses with seamless data flow and reporting. This provides a solution that enables any payment made by bank transfer or cheque to be shifted to cards — regardless of whether the end-recipient accepts card payments.
CardUp already collaborates with all major banks in the region such as Citi, DBS and UOB. Outside of Hong Kong, the company has already made its digital platform available in Singapore (where it first launched) and Malaysia and has managed hundreds of millions of dollars in payments today to vendors globally. The company is currently seeking opportunities to expand its digital platform across the region to give more businesses in the region and alternative, digital payment facility to better manage their cash flow.
CardUp is a credit card enablement platform that brings value to both individuals and businesses by improving the way they pay and get paid, access credit and manage payments.
The company started by allowing any big expense previously made by bank transfer, cheque or cash to be shifted to card, even where cards are not accepted. Examples include rent to a landlord, insurance premiums, payroll, supplier invoices and more. CardUp has since gone on to launch merchant card solutions, card enablement APIs and payment automation tools that help SMEs save time and automate their finance processes.
CardUp manages hundreds of millions of dollars in payment volume in the region today. The company continues to innovate in technology across business financing, payment automation, data insights and card rewards, to deliver their vision to unlock the benefits of card payments for everyone. As of 2020, CardUp operates in Singapore, Hong Kong and Malaysia.
For more information, please visit: www.cardup.hk
HKGSEO Provides Free Website SEO Analysis and Consulting Services
HONG KONG SAR – Media OutReach – 5 January 2021 – The COVID-19 epidemic has lasted for nearly a year. The sharp fall in the street traffic has been affecting core shopping districts everywhere. In addition, under the “Anti-epidemic Fund”, the Innovation and Technology Commission (ITC) launched the ” Distance Business (D-Biz) Programme subsidy. Increasing number of large and medium-sized enterprises have turned to the online market, setting up websites and opening online shops, in an effort to open up online sales channels to recover some of their businesses during the epidemic.
As many companies are not familiar with website technology, website optimization and SEO promotion are often ignored. In fact, SEO is one of the highest ROI of many online marketing channels and it is worthy of a long-term investment.
HKGSEO has performed SEO for more than 500 enterprises, with the SEO process bringing considerable traffic and sales to the companies. Leveraging on their years of experience, they now provide free website analysis (worth HK$2,000) for all content types. Here are some website analysis projects HKGSEO has engaged in:
CMS Web Content Management System
We recommend using the most popular CMS in the market to build a website. Well-known CMS such as WordPress, Wix, Shopline, and Shopify will make it easier to manage web content and make the website easier to crawl and index by search engines.
HKGSEO hence cautions against web design companies that use their own CMS. Generally speaking, these websites are not SEO friendly. For example, they might have undesirable attributes such as duplicate page titles, dynamic URLs, or category pages that cannot update new content, etc. These attributes are disadvantageous to implementing SEO plans, which ultimately leads to the redesigning of the entire website, resulting in a much higher cost.
SSL Website Security Certificate
If your website does not have an SSL certificate (HTTPS) installed, it will be marked as an insecure website by the browser, which will adversely affect the credibility and conversion rate. SSL should be installed immediately to protect customer information, especially for e-commerce websites. There are some free SSLs available on the market, such as Let’s Encrypt, with paid premium certificates recommendation by online shops.
Mobile Version of The Website
The latest personal computer and Internet penetration survey published by the Census and Statistics Department shows that more than 5.97 million people in Hong Kong have mobile phones, and 99.7% of the users access the Internet on smartphones, higher than those connected to computers or other devices. Besides, Google has launched the Mobile-First Indexing mobile version of content priority indexing. If your website does not have a mobile version, the ranking will be poor and a lot of traffic will be lost.
Website Loading Speed
According to research, more than 68% of viewers will leave a website when it takes more than 3 seconds to open. The main reason for the slow loading is the use of shared hosting or non-local hosting. Switching to local hosting, SSD or CDN can effectively improve the loading speed.
Is the website content of high quality? Does it answer the questions of potential consumers? To build up the content, some corporate websites have piled up keywords, and some have published blog articles regularly. However the content of the articles is sometimes plagiarized from news media. Plagiarism makes search engines recognize the overall website quality as low, which will in turn affect the ranking.
Websites and online shops are platforms that promote businesses. An optimized website will reward twice the results with half the effort of both online and offline marketing campaigns combined.
Please log onto www.hkgseo.com, fill in the website, email and contact number, and our network promotion experts will reply within one working day and arrange a free SEO analysis and consultation.
HKGSEO focuses on website SEO services. It is founded and operated by former Google employees. The company is based in Hong Kong and has branches in Shenzhen, Singapore and Australia. It is committed to providing affordable, one-stop digital marketing solutions for small and medium-sized enterprises. Digital marketing solutions include: SEO, SEM, social media promotion and web design, etc.
NEFIN in Partnership with Hong Kong Baptist Theological Seminary (HKBTS) Embrace Carbon Neutrality for a Green Campus
316 Solar Panels Built on 6 Rooftops of HKBTS Campus Buildings
HONG KONG SAR – Media OutReach – 5 January 2021 – NEFIN, a leading solar developer and investor in carbon neutrality solutions in Asia, is pleased to announce the implementation of four holistic solar PV systems in the main campus of Hong Kong Baptist Theological Seminary (HKBTS), one of the established seminaries in Hong Kong. The four solar PV systems cover six rooftops in the campus.
“It is our pleasure and honour to work with HKBTS to transform their extensive building rooftops into highly-effective solar energy generating fields. Despite social unrest and the outbreak of COVID-19, the project was brought seamlessly to completion. The NEFIN-HKBTS partnership is exemplary of the flexibility, expertise and operational skills of NEFIN as well as the trust that HKBTS has in us.We are proud to share this piece of positive news to kick off 2021.” said Clara Kwan, COO of NEFIN Group.
The 316 solar PV panels installed can generate approximately 152,559 kWh annually, offsetting 78 tons CO2 emission per year. The scale of this installation would be equivalent to planting 1,297 trees for the earth.
“A Green and Glossy Gospel: God’s creative love is extended to all God’s creations, calling God’s followers to bear the responsibilities for nature and to testify to the reconciliation and peace of the universe.” commented by President Cho of HKBTS.
“NEFIN has successfully completed several projects around Asia in 2020, amidst the challenges of the pandemic. One of the NEFIN’s beliefs is that the effort to achieve carbon neutrality should not be halted as a result of current temporary setbacks. With another challenging year ahead, enterprises should be prepared for future climate challenges, which may be sooner or least expected, like the COVID19 pandemic,” commented Mr. Glenn Lim, CEO of NEFIN.
Established in 1951, the HKBTS was founded on Baptist heritage. The objective of the Seminary is to cultivate servant leadership in those called by God to serve the churches in face of social and global challenges. In addition to the Ministerial Preparation Program and Graduate School, the Seminary offers Distance Education Program, Lay Leadership Training Program, Pastoral Continuing Education Program, and Music and Art Education Program. For further information, visit www.hkbts.edu.hk.
About NEFIN Group
NEFIN Group is a regional renowned solar developer with bespoke experience in solar system deployment and a committed partner to organisations that aim to achieve carbon neutrality. Founded by a core management team of DuPont Solar Business, legal experts, and investment bankers, NEFIN Group has collectively delivered over 300MW of utility-scale, commercial, and industrial rooftop solar systems regionally. The group offers consulting services such as due diligence, feasibility studies, and lender-technical advice on top of project development, system design, engineering, and asset management. NEFIN Group also offers flexible financing options to partners who opt for zero investment. Please refer to NEFIN’s website www.nefinco.com for more information.
Cisco Appoints New President and Chairman for Asia Pacific, Japan & Greater China
SINGAPORE – Media OutReach – 8 January 2021 – Cisco, the worldwide technology leader, today announced the appointment of Dave West as the new President, and Irving Tan as Chairman for its Asia Pacific, Japan and Greater China business.
Dave is taking over from Miyuki Suzuki who has decided to retire after an illustrious career spanning nearly four decades. Dave has been with Cisco for 20 years and held various leadership roles during that period. Most recently, he was the Head of Cisco Japan, where he launched the Japan Country Digitization initiative, built important strategic alliances with key Japanese companies, and drove sustained growth in one of the most strategic markets in the region.
Prior to that, Dave held global leadership roles in Cisco, including leading worldwide Enterprise Networking and Security sales. He has also led Cisco’s technology business in Asia-Pacific and Japan and served as the Chief Technology Officer for the region. Dave has spearheaded various key initiatives, designed and implemented innovative go-to-market models, and led multi-year digital transformations for customers.
Irving is moving back to Singapore after spending three years in the US where he was the Executive Vice President and Chief of Operations. During his time running Operations, Irving led an incredible transformation and managed effectively and gracefully through several global challenges — most recently leading many of Cisco’s pandemic response efforts.
Before moving to the US, Irving held multiple leadership roles in Asia Pacific, Japan and Greater China, including leading the region. He grew the business consistently during his four-year tenure and advanced Cisco’s position as one of the most trusted IT partner for companies. Irving will partner with Dave and his leadership team on special projects to drive growth across the region.
Commenting on his appointment, Dave West said: “We are witnessing a major shift in the way businesses operate with technology driving the change. Home to some of the fastest growing and diverse economies in the world, Asia is leading the charge on this front. As a global leader in networking, collaboration, and cybersecurity, we are committed to working with our customers and partners to accelerate their digital transformation so they are ready for the future and can fully leverage the growth opportunities that are opening up. I am delighted to be given the opportunity to lead our business in this dynamic region and am looking forward to building on our success”.
“During his 20 years at Cisco, most recently as the head of Japan, Dave has demonstrated a strong understanding of the region, a great talent for recognizing and maximizing market trends and transitions, and the ability to motivate teams and drive growth. He’s the right leader at the right time. I am delighted that Irving is taking on the role of Chairman for APJC. His experience on the Executive Leadership Team, and as a former leader of APJC, will be invaluable to our efforts to drive sustained growth in the region.” said Gerri Elliott, Executive Vice President and Chief Sales and Marketing Officer at Cisco. “I also want to thank Miyuki for her immeasurable contributions to our customers, partners, and teams, and to me personally. She’s a tremendous leader, leaves a great legacy behind, and I’m looking forward to partnering with Dave to build on that great foundation.”
Currently based in Tokyo, Dave will relocate to Cisco’s Asia Pacific, Japan and Greater China headquarters in Singapore.
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Network and follow us on Twitter at [View Image]@Cisco.
HKGSEO Provides Free Website SEO Analysis and Consulting Services
HONG KONG SAR – Media OutReach – 5 January 2021 – The COVID-19 epidemic has lasted for nearly a year. The sharp fall in...
Joinland Group Anticipates Better 2021
New Agricultural Projects Expected To Contribute To Group Revenues KUALA LUMPUR, MALAYSIA – Media OutReach – 12 January 2021 –...
TÜV Rheinland Hong Kong launches China Compulsory Certification (CCC) services for electrical and electronic products
HONG KONG SAR – Media OutReach – 12 January 2021 – In cooperation with the China Quality Certification Center (CQC), TÜV Rheinland Hong...
Plus Renewables and 424 Capital Enter into a Merger Agreement for Asset Management Businesses in North America
HONG KONG SAR – Media OutReach – 12 January 2021 – Plus Renewable Technologies Limited (“Plus Renewable“) today announced that its subsidiary, SP Energy...
DHL Global Forwarding promotes two executives to key leadership roles in Asia Pacific
Niki Frank will expand his remit from managing the business in India to the sub-region of South Asia Yvonne Lee,...
AOC Masters Tournament Peaks on A High Note With Indonesia’s Alter Ego Reigns Supreme
TAIPEI, TAIWAN – Media OutReach – 12 January 2021 – The AOC Masters Tournament ended with a bang as Indonesia’s...
Shopmatic Set to Turn Cash Positive in 2021
Achieves revenues of over $7M in 9 months (Apr-Dec 2020) while being EBITDA positive in line with its aim to...
Influential Brands Recognises Leading Asian Businesses That Demonstrates Outstanding Resilience During the COVID-19 Pandemic
SINGAPORE – Media OutReach – 11 January 2021 – In a year where the shock of pandemic has caused small enterprises and prominent...
Treetop International School adopts Upper Air UVC to ensure safe indoor air
Heightened hygiene standards to prepare for school re-opening in 2021 First education institution in Malaysia to install Upper Air...
Prudential Launches New Research that Underscores Critical Role of Technology in Improving Healthcare in Asia
81% of respondents say technology has improved their access to health services 71% believe that in the future they will...