Fintech PR
Xiaohongshu Street Life Festival Kicks Off in Shanghai
SHANGHAI, Aug. 23, 2024 /PRNewswire/ — Xiaohongshu, a leading lifestyle platform in China, is hosting the second annual Xiaohongshu Street Life Festival in Shanghai, bridging online and offline lifestyle experiences. On August 23rd, the festival’s mascot, “Duck on the Street,” made its debut along the Huangpu River. This 20-meter-tall giant installation, symbolizing happiness and creativity, draws its name from the Chinese phrase for ‘strolling the streets’ and is inspired from the Citywalk trend that originated in Shanghai in 2023 and quickly became popular across the country. Adding a unique pop of color to the iconic city skyline, the installation attracted numerous tourists eager to take photos, marking the official start of the second Xiaohongshu Street Life Festival.
As one of the seven landmark events of “Shanghai Summer,” the second Xiaohongshu Street Life Festival will take place from August 23rd to September 1st, featuring a central market overlooking the river and five curated streets newly decorated for the occasion. Over 200 themed activities will be staged across the lively streets of Shanghai, ranging from cultural events like the Sunset Concert and the Look Up Art Exhibition to leisure and entertainment activities such as fashion shows, the Breezy Market, and the Street Food and Fun Tour. These vibrant and diverse events offer a glimpse into Shanghai’s rich and open urban culture, bringing joy to visitors far and wide.
Xiaohongshu’s Marketing Director, Bai Ban, shared that more than 500 creators from both domestic and international backgrounds have been invited to participate in the festival, extending the event’s appeal to an even wider audience. “We hope the Street Life Festival will further boost consumption, uplift the vibrancy of youth culture, and showcase the positive and aspirational spirit of young Chinese. This will add more value to the Xiaohongshu community, our users, the city, and society, and help Shanghai establish a new urban brand.”
Last year, the inaugural Street Life Festival attracted over 200,000 participants to its offline events. By creating joyful and engaging offline experiences, it brought significant foot traffic to the participating businesses and brands. Whether local residents or visitors from afar, everyone is invited experience the charm and warmth of Shanghai through this grand event, enjoying a summer festival that seamlessly blends culture, art, and commerce.
Photo – https://mma.prnewswire.com/media/2488375/duck_on_the_street_photo_ID_b971831d71ed.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xiaohongshu-street-life-festival-kicks-off-in-shanghai-302229373.html
Fintech PR
Nium Expands Across Australia and New Zealand, Driven by Increased Adoption from Financial Institutions and Spend Management Platforms
Spend management platform, RedOwl, joins as latest partner;
Nium has seen monthly payment volume grow by 3X over the last twelve months, in the Oceania region
SYDNEY, Sept. 17, 2024 /PRNewswire/ — Nium, the global leader in real-time cross-border payments, today announced that its monthly payment volume grew by 3X in Oceania, over the last year. This growth has been driven by a surge in adoption from financial institutions and spend management platforms, with AI platform, RedOwl, being the latest partner to join the Nium network. RedOwl’s immediate goal is to bring AI to corporate cards, joining spend management category leaders Weel and Budgetly, who have turned to Nium for white-label card issuing and cross-border payouts.
RedOwl is bringing the power of AI into payment rails, championing intelligence and real-time decision making when it comes to card related payments. “We chose Nium because of their unparalleled infrastructure and expertise in powering modern payments. Their solutions allow us to enter the market faster and deliver greater value to our customers,” said Jitto Arulampalam, Co-founder and CEO at RedOwl.
Budgetly has been a Nium customer since 2020. The company tapped Nium to provide more convenience and control to its SME clientele through the provision of pre-paid cards for expense management processes. “Partnering with Nium has been a game-changer for Budgetly,” said Simon Lenoir, CEO and Founding Director at Budgetly. “Through Nium, we recently launched our international bill payment solution, offering our customers the ability to make payments effortlessly via one portal. This partnership has allowed us to scale rapidly and offer seamless experiences for our customers.”
“The spend management industry is booming in Australia, with businesses increasingly turning to Nium for its white-label card issuing and cross-border payment solutions,” said Anupam Pahuja, EVP and GM for APAC, Middle East, and Africa at Nium. “Our platform solves complex payment problems across a wide range of verticals, including travel, payroll, insurance, and e-commerce. Our card issuance solution has already issued over 75 million cards globally, supporting major global brands. This, along with Nium’s extensive geographical coverage and B2B infrastructure focus, positions the company as a critical enabler for businesses looking to scale in Australia, New Zealand, and beyond.”
In addition to its success in Australia, Nium recently achieved another critical milestone by registering as a Financial Service Provider in New Zealand. This pivotal step marks the company’s entry into the dynamic financial landscape of New Zealand, allowing it to extend its comprehensive suite of financial solutions to local businesses. Nium expects that its offerings will range from virtual accounts and global payouts to debit and prepaid cards, enabling businesses to streamline operations and improve their financial efficiency.
“Becoming a registered Financial Service Provider in New Zealand reaffirms our commitment to delivering innovative financial solutions globally,” continued Pahuja. “Our presence in New Zealand, alongside our established operations in Australia, positions us as a key player in the region’s financial ecosystem, empowering businesses to thrive through our technology.”
Since its founding ten years ago, Nium has raised over $300 million USD (up to Series E). In October 2023, Nium celebrated its Centaur status, reaching $100 million USD in aggregate net revenue — a milestone achieved by only 1% of startups globally. This achievement underscores Niums rapid growth and leadership in enabling seamless global financial services for businesses.
About Nium
Nium, the global leader in real-time, cross-border payments, was founded on the mission to deliver the global payments infrastructure of tomorrow, today. With the onset of the global economy, its payments infrastructure is shaping how banks, fintechs, and businesses everywhere collect, convert, and disburse funds instantly across borders. Its payout network supports 100 currencies and spans 220+ markets, 100 of which in real-time. Funds can be disbursed to accounts, wallets, and cards and collected locally in 40 markets. Nium’s growing card issuance business is already available in 34 countries. Nium holds regulatory licenses and authorizations in more than 40 countries, enabling seamless onboarding, rapid integration, and compliance – independent of geography. The company is co-headquartered in San Francisco and Singapore.
Media contacts:
Anjali DMello,
+6591812542,
[email protected]
Logo – https://mma.prnewswire.com/media/1678669/4916279/Nium_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/nium-expands-across-australia-and-new-zealand-driven-by-increased-adoption-from-financial-institutions-and-spend-management-platforms-302250573.html
Fintech PR
Gold and Fractal EMS Announce a Partnership for an American BMS
ANAHEIM, Calif., Sept. 17, 2024 /PRNewswire/ — Fractal EMS Inc. (“Fractal”), a leading provider of advanced solar and storage controls, has announced a groundbreaking partnership with Gold Electronic Equipment Inc. (“Gold”), a leading high-tech company specializing in R&D, active balancing technology and manufacturing of the battery management system (BMS). A signing ceremony and celebration was held on September 9th at the RE+ clean energy conference in Anaheim, California. The new partnership will provide a cybersecure American BMS to customers worldwide (“Fractal BMS”).
The Fractal BMS provides a 3-level BMS architecture (module, rack and system). The design of the Fractal BMS has been finalized, featuring an American-sourced chip, printed circuit board assembly (PCBA), and cybersecurity, ensuring compliance with U.S. policies for sourcing and critical infrastructure protection. The Fractal BMS has the option to provide active cell balancing to maximize each battery cell’s useful capacity and life.
“Other companies proposing an American BMS have not addressed the cybersecurity concerns of the BMS. Some companies are licensing a foreign BMS or only providing a top-level device, neither of which cure cybersecurity threats and vulnerabilities. We are thrilled to collaborate with Gold to bring this advanced American BMS to the market. This partnership underscores our commitment to innovation, security, and supporting American technology,” said Daniel Crotzer, CEO at Fractal EMS.
Fractal BMS is scheduled for UL testing in late October 2024 and aims to become the gold standard for BESS deployments to mitigate risks associated with Foreign Entities of Concern (FEOC) and known cyber vulnerabilities in programmable devices. The American BMS will be available to battery manufacturers globally, offering a reliable and secure solution for battery management needs.
Logo – https://mma.prnewswire.com/media/2507751/fractal_ems_Logo.jpg
Photo – https://mma.prnewswire.com/media/2507752/Fractal_EMS_Inc.jpg
View original content:https://www.prnewswire.co.uk/news-releases/gold-and-fractal-ems-announce-a-partnership-for-an-american-bms-302250787.html
Fintech PR
Ascenda partners with Uber for first-of-a-kind points redemption for consumers worldwide
NEW YORK, Sept. 17, 2024 /PRNewswire/ — Ascenda, the global premium rewards network, today announced it has expanded its rewards network in order to enable fintech and banking clients’ customers to redeem their reward points in partnership with Uber. These credits will appear in users’ Uber wallets, and can be applied towards the cost of any of their products.
Uber is available in over 70 countries and powers over 30 million rideshares each day. With a global presence, the ability for millions of customers to earn Uber credits aims to deliver more engagement across Uber Rides, Uber Eats, and any other Uber offering in respective local markets.
“We’re committed to adding value for our users, with ease and flexibility at the forefront of our customer experience,” said Jenna Brown, Head of Uber for Business UK. “Our partnership with Ascenda will help us deliver this value to Uber users worldwide.”
“We’re building the most comprehensive consumer engagement ecosystem in the market,” said Josh Berwitz, CCO of Ascenda. “This exciting partnership with Uber enables us to bring tangible rewards and redemption experiences at scale, delivering compelling value and stronger relationships between our financial service clients, our rewards partners, and consumers.”
About Ascenda
Ascenda powers the growth of financial service brands and merchants globally with premium rewards propositions that accelerate customer acquisition, increase usage, and drive retention. Its best-in-class customer engagement platform is simple to deploy and powered by a unique global network of premium content that unlocks exceptional end-user value.
For more information, please visit ascenda.com.
About Uber
Uber’s mission is to create opportunity through movement. We started in 2010 to solve a simple problem: how do you get access to a ride at the touch of a button? More than 49 billion trips later, we’re building products to get people closer to where they want to be. By changing how people, food, and things move through cities, Uber is a platform that opens up the world to new possibilities.
Photo – https://mma.prnewswire.com/media/2507669/202409_Ascenda_Uber_2.jpg
Logo – https://mma.prnewswire.com/media/1948326/Ascenda_Blue_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ascenda-partners-with-uber-for-first-of-a-kind-points-redemption-for-consumers-worldwide-302250605.html
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