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ACE Money Transfer and Bank Alfalah Partner to Facilitate Overseas Pakistanis with Seamless Remittance Solutions

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MANCHESTER, England, Sept. 1, 2023 /PRNewswire/ — ACE Money Transfer, a leading fintech company based out of Manchester, United Kingdom, strengthens its longstanding partnership with Bank Alfalah, one of the leading commercial banks in Pakistan, to enable overseas Pakistanis to remit money back home seamlessly.

ACE Money Transfer and Bank Alfalah have proudly announced their collaboration with Babar Azam, Captain of the Pakistan National Cricket Team, who has joined them as a distinguished brand ambassador. This strategic partnership aims to significantly enhance overseas Pakistanis’ awareness of utilising legal channels for remittance transactions.

As an icon of national pride, his endorsement of ACE Money Transfer and Bank Alfalah’s initiative to promote remittance through official avenues will captivate the attention of overseas Pakistanis. By choosing to send remittances via legitimate pathways, overseas Pakistanis contribute to their homeland’s economic prosperity while ensuring that their hard-earned money reaches their families securely and efficiently.

ACE Money Transfer is a global leader in remittances, allowing expatriates to send money from 28 countries, such as Europe, North America, and Australia, to 106 countries worldwide with 375,000 pay-out locations. This expansive network has garnered a diverse customer base of over 1.4 million individuals who rely on ACE Money Transfer’s services to connect with their loved ones and support their financial needs.

ACE Money Transfer anticipates facilitating over $1.25 billion in remittances globally in 2023. For Pakistan, the projected remittance share is set to surpass $800 million, reaffirming the platform’s critical role in supporting the nation’s economic growth through inflows from overseas.

One of the most notable aspects of ACE Money Transfer’s partnership with Bank Alfalah is its market share in the remittance sector. They boast an impressive 10% share of remittances and customers for all remittances flowing into Pakistan from Europe. Specifically, ACE Money Transfer captures over 50% of the market share in Ireland, Norway and the Netherlands of all remittances destined for Pakistan. On the recipient side, Bank Alfalah branches nationwide have been equipped to process remittance transactions.

Bank Alfalah and ACE Money Transfer have expanded their offerings beyond remittances. Overseas Pakistanis can now use ACE Money Transfer’s mobile app to pay utility bills, enhancing convenience and accessibility for their customers. 

About ACE Money Transfer:

ACE Money Transfer (registered name “Aftab Currency Exchange Limited”), based out of Manchester, the UK, is a Fintech providing remittance services. It offers impeccable online money transfer services to millions of expatriates with an extensive network of 375,000+ locations spread across 100+ countries worldwide.

About Bank Alfalah:

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Bank Alfalah is a leading commercial bank in Pakistan, boasting over 900 branches across 200 cities and an international presence in the UAE, Bangladesh, Bahrain, and Afghanistan. The bank offers various products and services, including corporate and investment banking, consumer banking, securities brokerage, commercial, small, and medium enterprises, agricultural, Islamic, and asset financing to private-sector institutions and governments.

In 2018, Bank Alfalah launched its digital banking group, setting a high standard for the industry to follow with its Alfa app, a revolutionary new application that brings together an unprecedented range of services and features all in one convenient platform. In 2022, the bank was awarded the best ‘Digital Bank’ and ‘Housing Finance’ across Pakistan, highlighting its commitment to simplifying and improving the financial capabilities of its customers.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/ace-money-transfer-and-bank-alfalah-partner-to-facilitate-overseas-pakistanis-with-seamless-remittance-solutions-301915942.html

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Fintech PR

CE-LINK Unveils Next-Gen Solid-State Battery Power Bank, Leading a New Era of Mobile Charging

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HONG KONG, April 9, 2025 /PRNewswire/ — CE LINK LIMITED (“CE-LINK”), a leading manufacturer of consumer electronics, is thrilled to introduce its latest generation of power banks, featuring revolutionary solid-state battery technology, redefining safety and performance. From April 11-14, visit booth 3A-02, Hall 3 at AsiaWorld–Experience this game-changer at the upcoming Global Sources Electronic Show in Hong Kong.

Advancing Safety and Performance with Solid-State Technology

CE-LINK’s next-gen power banks replace liquid lithium-ion batteries with advanced solid-state lithium-ion polymer batteries for superior benefits:

  • Superior Safety: The non-flammable solid electrolyte eliminates fire and explosion risks of traditional liquid batteries. Tested under extreme conditions—steel needle puncture, extrusion, drop, overcharge, and overdischarge—these power banks ensure unmatched safety.
  • Extended Lifespan: Solid-state batteries far exceed the life cycle of traditional lithium batteries, making them a more sustainable choice. These power banks retain over 80% of their original capacity even after 500 charge cycles.
  • Wider Operating Temperature: Supports 0°C to 45°C for charging and -20°C to 60°C for discharging. They maintain stable performance in both hot and cold environments, making them ideal for outdoor exploration and polar scientific research scenarios.

Versatile Power Bank Series to Meet Diversified Needs

CE-LINK’s new power bank lineup caters to diverse user scenarios with multiple models:

  • PD Slim Power Bank (5000mAh & 10000mAh): Ultra-thin 10.8mm design fits easily in pockets and bags. The storable USB-C lanyard cable makes it perfect for commuting and short trips.
  • Built-in Retractable Cable Power Bank (5000mAh/10000mAh): Features a patented 75cm USB-C retractable cable, tested for 10,000 uses. With a gentle pull, the cable retracts smoothly from any length—ideal for frequent travelers.
  • USB-C Power Bank (5000mAh): A push-slip design extends and stows the USB-C port for charging and protection. Rigorously plugging and pulling tested 10,000+ times, ensuring durability. Built-in zinc alloy bracket adds usage flexibility.
  • 67W 2-in-1 Power Bank (10000mAh): Combines a GaN charger and power bank, with a foldable AC pin supporting global voltage. The intelligent LCD screen shows real-time output power of each port, and 67W output charges laptops, tablets, and phones simultaneously—ideal for business professionals.

CE-LINK remains dedicated to pioneering cutting-edge charging solutions that enhance user experience. “Solid-state battery technology is the future of power banks,” said Erica, Product Manager at CE-LINK. “This launch not only brings unparalleled safety and performance to users but also drives the industry towards more efficient and reliable power solutions.”

About CE-LINK

Founded in 2004, CE-LINK is a leading OEM and ODM company dedicated to developing cutting-edge consumer electronics solutions. With over 20 years of precision manufacturing expertise, CE-LINK leads innovation, focusing on research, development, and sustainability to deliver next-gen technologies that meet the evolving needs of global consumers and businesses.

For more information on CE-LINK, please visit www.ce-link.com.

Or following them on:
LinkedIn: www.linkedin.com/company/ce-link
Facebook: www.facebook.com/CELINK.ELECTRONICS
Media Contact:
market@ce-link.com

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Hex Trust Partners with IDA to Provide Institutional-grade Custody for Stablecoin Products

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HONG KONG, April 9, 2025 /PRNewswire/ — Hex Trust, a leading digital assets financial institution specializing in custody, staking, and markets services has partnered with IDA, a premier HK-based fintech company. Through this collaboration, Hex Trust will provide licensed, institutional-grade custody services for IDA’s stablecoin products, enabling compliant and seamless cross-border commerce and digital payments.  

With its multi-jurisdictional licenses, and deep institutional expertise, Hex Trust will ensure secure and compliant custody solutions that uphold regulatory standards and enhance security for all transactions with IDA. Furthermore, IDA and Hex Trust will collaborate to explore real-world use cases for cross-border trade, aiming to enhance payment efficiency while ensuring regulatory requirements.

“The stablecoin initiative will strengthen Hong Kong’s competitive edge as a global financial hub,” said Giorgia Pellizzari, Managing Director and Head of Custody of Hex Trust. “Our role as an institutional-grade custodian reflects our commitment to fostering a secure and compliant financial ecosystem for digital assets. We’re excited to partner with IDA to propel the success of this innovative product.”

Sean Lee, Co-Founder and CSO of IDA, stated, “This marks just the beginning of our partnership. Beyond custody, we are exploring new opportunities to unlock global trade and commerce, enabling smoother transactions in collaboration with Hex Trust.”

In addition to the stablecoin solution, IDA is developing a comprehensive financial infrastructure to bridge stablecoin operations with enhanced connectivity between blockchain networks and traditional financial systems. Hex Trust and IDA are also exploring deeper collaborations, including FX features, on this robust platform to foster a thriving stablecoin ecosystem.

About Hex Trust

Established in 2018, Hex Trust offers regulated institutional digital asset custody, staking, and markets services to builders, investors, and service providers. Get access to our comprehensive, secure, and regulated suite of services built on our proprietary and fully integrated infrastructure. For more information, visit Hextrust.com or follow Hex Trust on LinkedIn, X, and Telegram.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.   

IDA will launch a stablecoin product which is designed to drive enhanced connectivity of digital currency for seamless commerce and payments between Hong Kong and global markets, 24/7/365.  To maintain the highest level of security and stability, all circulating stablecoins will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.  

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More information can be found at idafi.xyz / LinkedIn / X

Disclaimer:

This post is for informational purposes only and is not financial, investment or other advice, nor a recommendation, endorsement, offer, solicitation or sale of any kind in any jurisdiction.  As always, users should do their own research and are urged to seek independent financial, investment and other advice before taking any initiative in connection with the information contained herein. The information contained in this article is intended to be current at the time of publication, but may not remain so indefinitely.  Products or services mentioned in this material are subject to legal and regulatory requirements in applicable jurisdictions and may not be available in all jurisdictions nor to all persons.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/hex-trust-partners-with-ida-to-provide-institutional-grade-custody-for-stablecoin-products-302423239.html

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OCI Global Announces Agreement with Bondholders

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AMSTERDAM, April 8, 2025 /PRNewswire/ — OCI Global (Euronext: OCI) a leading global producer and distributor of hydrogen products today announced that it has reached a support agreement (the “Support Agreement”) with a group of holders (the “Bondholder Group”) of its U.S.$ 600,000,000 6.700 per cent Notes due 2033 (the “Bonds”), relating to the treatment of the Bonds following the completion of the announced sale of OCI’s Global Methanol Business to Methanex Corporation (the “MetCo Transaction”).  The Bondholder Group includes members holding Bonds with a principal amount in excess of 60% of the total outstanding principal amount of the Bonds.   

Under the terms of the Support Agreement:

  • OCI agrees that it will launch a tender offer for the Bonds within 5 business days of the successful closing of the MetCo Transaction, and each member of the Bondholder Group agrees to support and tender into any such tender offer.  The tender offer will be on customary terms and offer a price of 110.75% of par, plus accrued and unpaid interest; and
  • Each member of the Bondholder Group agrees that it will support any amendment to the Bonds proposed by OCI, which amends the documentation governing the Bonds to (1) insert a right of OCI to redeem the Bonds on or after the closing of the MetCo Transaction at a price of 110.75% of par, plus accrued and unpaid interest,  and (2) waiving any alleged defaults or events of default that may be outstanding under the documentation governing the Bonds.

Hassan Badrawi, CEO of OCI commented: “We are delighted to have reached agreement with a large group of our bondholders, with a view to an orderly pay down of our capital structure upon the closing of the MetCo Transaction.  OCI has a long and positive history in the bond markets and values its relationship with its investors, so we are pleased to have structured a deal that allows everyone to participate and rewards bondholders fairly for their faith in OCI over all these years.”

This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

ABOUT OCI GLOBAL

Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.

CONTACT

Sarah Rajani CFA
Global Vice President, Investor Relations & Communications
Email: sarah.rajani@oci-global.com

View original content:https://www.prnewswire.co.uk/news-releases/oci-global-announces-agreement-with-bondholders-302423892.html

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