DUBAI, UAE, May 7, 2024 /PRNewswire/ — TerraPay, a leading global money movement company, has joined forces with Multipass, a bank challenger in the financial technology sector, to redefine cross-border payment solutions for corporate customers. This strategic collaboration aims to offer unparalleled reliability, efficiency, and cost optimisation to businesses operating in the UK, Europe, and beyond.

Through this partnership, Multipass gains access to TerraPay’s extensive global payments network, expanding its reach to new jurisdictions and local payouts in multiple currencies, ensuring efficient cross-border payment solutions to its clients. Both organizations offer 24/7 customer support and dedicated personal account managers, emphasising the importance of human interaction alongside technological advancement.

Sudhesh Giriyan, President – Cross-Border Payments at TerraPay, expressed enthusiasm about the partnership, stating, “TerraPay is thrilled to collaborate with Multipass to revolutionize cross-border payments for their corporate customers. This partnership underscores our dedication to providing innovative solutions that drive efficiency, reliability, and cost optimisation.”

Rami Chedid, CEO of Multipass for the UAE and the Middle East, commented, “Our partnership with TerraPay represents a significant step forward in our commitment to deliver secure and fast payment solutions to medium-sized entrepreneurs trading internationally. All while prioritizing security and efficiency in speed and costs. As we continue to work on our expansion plans in the UAE, this trusted partnership gives a new level of importance, offering our clients practically a global payment reach.”

He continued to state that Multipass has initiated the application process for a financial services license in UAE to be regulated by The Dubai Financial Services Authority (DFSA), and having received the in-principal approval, the company will launch operations very soon. “This operational expansion will broaden the global payment reach for UAE-based businesses from the very first day, providing them with a competitive edge and opportunities for business growth”, he explains.

About TerraPay:

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent, and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa, and Visa.

About Multipass:

Multipass a part of Dyninno Group of Companies, is a bank challenger that provides modern financial solutions for businesses with cross-border activity. It offers a multi-currency business account with an instant FX desk and a corporate card that allows international companies to manage their bank transfers in foreign markets in a simple way. Multipass’s customer offering includes local UK, US, and EU (European Union) accounts, as well as a single multi-currency IBAN supporting over 70 currencies and 200 global payment destinations. The company was founded in 2017 and is led by Dmitry Tsymber.

Media Contact:
[email protected]

Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/new-opportunities-for-international-businesses-terrapay-partners-with-multipass-302135467.html

SINGAPORE, May 7, 2024 /PRNewswire/ — On 30 April, the Hong Kong Stock Exchange officially listed the first batch of spot virtual asset ETF products issued by Bosera Asset Management, China Asset Management, and Harvest Global Investment. CapBridge, a digital wealth management platform under the FOMO Group, announced its selection as the international partner for Hong Kong virtual asset ETFs, aiming to provide compliant, secure, and reliable digital asset investment access for corporate and institutional investors.

Johnson Chen, Founder and CEO of CapBridge, congratulated Bosera Asset Management, China Asset Management, and Harvest Global Investment on the successful listing of the virtual asset spot ETFs. He said, “As a Singapore-based financial institution with a global perspective, CapBridge has always been closely attentive to Hong Kong’s strategic development in the digital asset field. We are honored to deepen our collaboration with various industry partners, working hand in hand to build a robust virtual asset investment ecosystem and drive innovation in the Asia digital asset market.”

In April 2024, CapBridge partnered with Moomoo Singapore, allowing CapBridge’s clients to directly invest in stocks, ETFs, and funds offered by Moomoo via the CapBridge platform, including US virtual asset ETFs and other global virtual asset ETFs. The new Hong Kong virtual asset ETFs would offer investors further access and choices. CapBridge is committed to providing investors with a one-stop investment service platform, meeting clients’ diverse asset allocation needs while upholding regulatory and compliance standards.

CapBridge has remained steadfast in driving developments and fostering innovation in asset markets. Looking ahead, CapBridge will continue to collaborate with global industry partners to bridge both traditional and digital assets for investors, laying the foundation for a more inclusive and dynamic financial future.

About CapBridge

CapBridge, a member of FOMO Group, is a leading digital wealth management platform headquartered in Singapore. As a Capital Markets Services licensee, CapBridge is regulated by the Monetary Authority of Singapore (MAS) to deal in capital markets products, including securities and collective investment schemes, and provide custodial services. It is also an exempt financial adviser licensed to issue or promulgate analyses and reports on investment products.

CapBridge enables HNWIs and institutional clients to invest in traditional and digital assets via its one-stop digital investment platform, providing highly curated, top-quality, and institutional-grade opportunities to meet clients’ diverse asset allocation needs.

For more information, please visit www.capbridge.sg. For media inquiries, please contact [email protected]. 

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Logo – https://mma.prnewswire.com/media/2405472/Capbridge_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/singapores-capbridge-selected-as-international-partner-for-hong-kong-virtual-asset-etfs-302137017.html

• Participating in the International Conference on Robotics and Automation (ICRA 2024) from the 13^th to the 16^th
• AI expert research platform, Bimanual Mobile Manipulator RB-Y1 pre-order begins

DAEJEON, South Korea, May 7, 2024 /PRNewswire/ — Rainbow Robotics (CEO Jungho Lee), a robot platform specialized company, will participate as a bronze sponsor at the IEEE International Conference on Robotics and Automation (ICRA 2024), which will be held at Pacifico Yokohama, Japan on May 13.

During this exhibition, Rainbow Robotics will demonstrate its Bimanual Mobile Manipulator ‘RB-Y1’. RB-Y1 is a humanoid-shaped research platform equipped with two arms with 7 degrees of freedom per arm, a single leg with 6 degrees of freedom, and a wheel-type mobile platform.

In particular, in line with the recent trend of the AI era, Rainbow Robotics plans to provide various APIs and options so that SW developers can easily utilize them for research purposes.

Throughout the exhibition period, various demonstrations will be shown of RB-Y1 with real-time remote operation technology, which links the data arm and simulation system. Additionally, Rainbow Robotics plans to exhibit the small-sized high-precision collaborative robot RB3-730 and the quadruped robot RBQ-10.

ICRA (International Conference on Robotics and Automation) is an event hosted by IEEE (Institute of Electrical and Electronics Engineers) and is the world’s largest robotics conference held annually.

Meanwhile, Rainbow Robotics will begin pre-orders for its Bimanual Mobile Manipulator RB-Y1 from May 8. Customers who purchase during the pre-order period will receive free after-sales service for one year, and products are scheduled to be delivered sequentially starting in October. The research platform is sold for US $ 80,000 and the commercial platform is sold for USD $120,000 (VAT excluded). If you would like to pre-order RB-Y1, please contact us through enquiry page or email us at [email protected].

Photo – https://mma.prnewswire.com/media/2405117/Caption__Rainbow_Robotics_participates_in_ICRA_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/rainbow-robotics-participates-in-icra-2024-in-yokohama-japan-bimanual-mobile-manipulator-rb-y1-debuts-overseas-302136589.html