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QOEG Marketing Strategy Outpaces Competition in Developing Communities

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Innovative Small Cap on Track for Worldwide Expansion

New York, New York–(Newsfile Corp. – July 13, 2021) – PCG Digital — When it comes to online education, China’s Tier 1 cities are saturated. According to Alvin Chau, founder of Quality Online Education Group (OTC: PINK QOEG), “80% of the online education market is located in Tier 2 and Tier 3 cities across the nation.” A focus on serving and marketing to less-developed communities in China now leads the education group’s robust expansion strategy.

In China, a Tier 2 city is one where the real estate market is developing but has not yet reached its full potential. A Tier 3 city is a more rural environment, where real estate is cheap, and development will continue into the future. In China, that development includes higher learning institutions and secondary schools.

“Most of our competitors are focused on Tier 1 cities in China,” Mr. Chau said in a recent interview. “The market is saturated there and it’s not where the greatest need for online education can be found. Developing and rural communities have fewer educational resources and residents need to reach out beyond their geographical area for advanced learning.”

QOEG: Education Has the Power to Change Someone’s Future

Mr. Chau, a senior IT professional for over 25 years, has always believed that education changes lives, potentially influencing the course of people’s futures. He has volunteered as a teacher and coached at summer camps in Canada, China, Venezuela, London, and Amsterdam.

“A couple of years back I was watching one of our videos of a girl learning English online,” Mr. Chau shared. “She was sitting on a rooftop, in a relatively remote countryside in China, listening to our tutor with a look of pure joy on her face. Those resources did not exist in that city before. Through us, she can learn the best from the world.”

Headquartered in Toronto, Canada, QOEG has multiple centers in China supported by a Philippines operations center that handles sales, marketing, and customer support. Course content and training are developed in Canada and tutors are available in North America and the Philippines, but the company’s first market is China.

Last year, QOEG began using a unique and successful selling model called “Mommy Influencer” to expand its operations in China. “Mommy Influencer selling model is, in essence, fission marketing,” Chau explained. “Through Word of Mouth Marketing and online social group management with combing the online camps and demo and offline meet-up, the key opinion leader (KOL) becomes our online course consultants.” The company’s Tianjin office doubled in size and relocated to a much larger space in Dalian. Operations in the Philippines and Canada are also expanding.

“The model works, and our entire team is behind it.” Says Mr. Chau

Combining Education and Entertainment for Better Results

QOEG uses an innovative teaching approach that combines education and entertainment, making each learning experience an enjoyable one for students. That doesn’t take away from efficiency though. Each lesson is targeted to achieve a specific goal and students have the resources they need if they struggle with any of the learning. Lessons are available on PC or mobile.

“Our product line is a complete package,” Mr. Chau says. “We provide the best quality tutors and custom-made course content during the real-time session, along with pre and post class exercises powered by our AI system to ensure the student goals will be reached. We provide a dedicated teaching assistant to support each student along the way.”

Recent accolades show that the approach is working. QOEG has received prestigious awards including “Most influential Online Education Brand in China”, “30 most reputable companies of the year 2021”, “Most outstanding Online e-learning platform in Canada in 2021” and “10 Best Innovative Companies to Watch in 2021.”

Growth and Expansion Projections for 2021

With a successful proven business model that is already working in a number of communities, QOEG has plans to expand and replicate the model in up to 300 additional cities in China in these 2 years. The company expects there will be significant organic growth from its “Mommy Influencer” strategy in each of those new markets.

International expansion is also an important part of QOEG’s growth strategy. The organization views the need for English learning in Southeast Asia and South America as an “essential” service that it is in a position to provide. Plans are already underway to expand to these areas in the near future, possibly by the end of 2021.

From the B2B side, the company will be leveraging its core strengths – quality tutors and customized content to partners in the public-school sector, after school tutoring centers, book-clubs, and other online education companies. QOEG recently signed a partnership agreement with a platform to provide one-stop educational service.

QOEG is well-positioned for strong growth in 2021 and beyond. The organization’s strategic focus on under-served Tier 2 and 3 markets in China, and significant planned expansion in different countries, strategic mergers and acquisition plan, paired with its unique approach to learning success, makes QOEG a compelling investment opportunity to watch. To find out more, visit www.qualityonline.education.

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Fintech

Central banks and the FinTech sector unite to change global payments space

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The BIS, along with seven leading central banks and a cohort of private financial firms, has embarked on an ambitious venture known as Project Agorá.

Named after the Greek word for “marketplace,” this initiative stands at the forefront of exploring the potential of tokenisation to significantly enhance the operational efficiency of the monetary system worldwide.

Central to this pioneering project are the Bank of France (on behalf of the Eurosystem), the Bank of Japan, the Bank of Korea, the Bank of Mexico, the Swiss National Bank, the Bank of England, and the Federal Reserve Bank of New York. These institutions have joined forces under the banner of Project Agorá, in partnership with an extensive assembly of private financial entities convened by the Institute of International Finance (IIF).

At the heart of Project Agorá is the pursuit of integrating tokenised commercial bank deposits with tokenised wholesale central bank money within a unified, public-private programmable financial platform. By harnessing the advanced capabilities of smart contracts and programmability, the project aspires to unlock new transactional possibilities that were previously infeasible or impractical, thereby fostering novel opportunities that could benefit businesses and consumers alike.

The collaborative effort seeks to address and surmount a variety of structural inefficiencies that currently plague cross-border payments. These challenges include disparate legal, regulatory, and technical standards; varying operating hours and time zones; and the heightened complexity associated with conducting financial integrity checks (such as anti-money laundering and customer verification procedures), which are often redundantly executed across multiple stages of a single transaction due to the involvement of several intermediaries.

As a beacon of experimental and exploratory projects, the BIS Innovation Hub is committed to delivering public goods to the global central banking community through initiatives like Project Agorá. In line with this mission, the BIS will soon issue a call for expressions of interest from private financial institutions eager to contribute to this ground-breaking project. The IIF will facilitate the involvement of private sector participants, extending an invitation to regulated financial institutions representing each of the seven aforementioned currencies to partake in this transformative endeavour.

Source: fintech.globa

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TD Bank inks multi-year strategic partnership with Google Cloud

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TD Bank has inked a multi-year deal with Google Cloud as it looks to streamline the development and deployment of new products and services.

The deal will see the Canadian banking group integrate the vendor’s cloud services into a wider portion of its technology solutions portfolio, a move which TD expects will enable it “to respond quickly to changing customer expectations by rolling out new features, updates, or entirely new financial products at an accelerated pace”.

This marks an expansion of the already established relationship between TD Bank and Google Cloud after the group previously adopted the vendor’s Google Kubernetes Engine (GKE) for TD Securities Automated Trading (TDSAT), the Chicago-based subsidiary of its investment banking unit, TD Securities.

TDSAT uses GKE for process automation and quantitative modelling across fixed income markets, resulting in the development of a “data-driven research platform” capable of processing large research workloads in trading.

Dan Bosman, SVP and CIO of TD Securities, claims the infrastructure has so far supported TDSAT with “compute-intensive quantitative analysis” while expanding the subsidiary’s “trading volumes and portfolio size”.

TD’s new partnership with Google Cloud will see the group attempt to replicate the same level of success across its entire portfolio.

Source: fintechfutures.com

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MAS launches transformative platform to combat money laundering

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The MAS has unveiled Cosmic, an acronym for Collaborative Sharing of Money Laundering/Terrorism Financing Information and Cases, a new money laundering platform.

According to Business Times, launched on April 1, Cosmic stands out as the first centralised digital platform dedicated to combating money laundering, terrorism financing, and proliferation financing on a worldwide scale. This move follows the enactment of the Financial Services and Markets (Amendment) Act 2023, which, along with its subsidiary legislation, commenced on the same day to provide a solid legal foundation and safeguards for information sharing among financial institutions (FIs).

Cosmic enables participating FIs to exchange customer information when certain “red flags” indicate potential suspicious activities. The platform’s introduction is a testament to MAS’s commitment to ensuring the integrity of the financial sector, mandating participants to establish stringent policies and operational safeguards to maintain the confidentiality of the shared information. This strategic approach allows for the efficient exchange of intelligence on potential criminal activities while protecting legitimate customers.

Significantly, Cosmic was co-developed by MAS and six leading commercial banks in Singapore—OCBC, UOB, DBS, Citibank, HSBC, and Standard Chartered—which will serve as participant FIs during its initial phase. The initiative emphasizes voluntary information sharing focused on addressing key financial crime risks within the commercial banking sector, such as the misuse of legal persons, trade finance, and proliferation financing.

Loo Siew Yee, assistant managing director for policy, payments, and financial crime at MAS, highlighted that Cosmic enhances the existing collaboration between the industry and law enforcement authorities, fortifying Singapore’s reputation as a well-regulated and trusted financial hub. Similarly, Pua Xiao Wei of Citi Singapore and Loretta Yuen of OCBC have expressed their institutions’ support for Cosmic, noting its potential to ramp up anti-money laundering efforts and its significance as a development in the banking sector’s ability to combat financial crimes efficiently. DBS’ Lam Chee Kin also praised Cosmic as a “game changer,” emphasizing the careful balance between combating financial crime and ensuring legitimate customers’ access to financial services.

Source: fintech.global

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