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Tencent Showcases Its Fintech Innovations at Hong Kong Fintech Week 2024

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Tencent Showcases Its Fintech Innovations at Hong Kong Fintech Week 2024
Business

Business

Tencent Showcases Its Fintech Innovations at Hong Kong Fintech Week 2024

2024-10-29 22:11 Last Updated At:22:35

Powering the Future of Fintech – Innovate, Connect, and Amplify with Tencent

HONG KONG, Oct. 29, 2024 /PRNewswire/ -- The 9th Hong Kong Fintech Week 2024 was held from October 28–29, 2024, at the Asia World-Expo in Hong Kong. This marks the first time Tencent has hosted an exhibition at the event, showcasing its fintech innovation capabilities, international businesses, and brands under the theme "Powering the Future of Fintech: Innovate, Connect, and Amplify with Tencent."

On day one, senior government officials and regulatory representatives, including Paul Chan, Financial Secretary of Hong Kong SAR, Christopher Hui, Secretary for Financial Services and the Treasury, and Eddie Yue, Chief Executive of the Hong Kong Monetary Authority, visited Tencent's booth. They experienced Tencent's innovative palm-recognition technology following the introduction by Forest Lin, Vice President of Tencent and Head of Tencent Financial Technology. 

This year's Hong Kong Fintech Week attracted over 30,000 industry leaders from more than 100 economies to discuss the future of fintech in Hong Kong, Asia and around the world. Forest Lin, Vice President of Tencent and Head of Tencent Financial Technology, was invited to share his insights at the main stage. In a panel discussion on "The Practical Impact of Technology Adoption: Enhancing the Customer Experience," he shared that technological innovation, at its core, aims to address issues of fairness. Weixin Pay's innovative practices and solutions in China have significantly reduced merchant transaction costs and ensured user funds are secure through risk control technologies such as AI, which have accelerated the ubiquity and inclusivity of digital payments in China. One of the key missions of Tencent Financial Technology is to leverage technology to make financial services more convenient, secure, affordable, and accessible.

Daniel Hong, Vice President of Tencent Financial Technology, shared Tencent's experience in the interoperability of digital payment and remittance infrastructure. Tencent is committed to building an open, diverse and inclusive new global payment network covering various scenarios such as consumption, remittances, trade and etc. For example, Tencent opened up tens of millions of domestic merchant networks to amplify cross-border consumption and make it more convenient for international travellers and Hong Kong residents. Tenpay Global's cross-border remittance services also enable overseas Chinese and WeChat Pay HK users to easily remit wages and family support to the Chinese mainland.

Wenhui Yang, CEO of Tenpay Global (Singapore), Tencent's cross-border payment platform, explained how digital wallets are reshaping the cross-border remittance experience. By partnering with over 50 global remittance and financial institutions and connecting to the Weixin ecosystem in over 100 countries and regions worldwide, remittances are now as simple as sending a message.

In addition to cross-border remittance, Tenpay Global also empowers businesses to expand globally by offering account management, global payment and collection, and foreign exchange services for e-commerce marketplaces, import and export businesses, standalone websites, and B2B trade sectors. Through innovative solutions, it ensures a seamless experience while staying compliant and secure.

Tencent is at the forefront of driving digital innovation, particularly in the field of artificial intelligence. Over the past six years, Tencent has invested US$42 billion in R&D and now holds over 5,000 AI-related patents. Based on Tencent's proprietary foundation model Hunyuan, its Hunyuan Financial LLM is applied to its own financial scenarios, driving innovation that creates value for both businesses and users.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Tencent Showcases Its Fintech Innovations at Hong Kong Fintech Week 2024

Tencent Showcases Its Fintech Innovations at Hong Kong Fintech Week 2024

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Coda Partners with EA SPORTS FC™ to Launch FC Mobile Webstore

2024-10-30 11:00 Last Updated At:11:15

SINGAPORE, Oct. 30, 2024 /PRNewswire/ -- Coda, a pioneer in out-of-app content monetization solutions, has partnered with Electronic Arts (EA), a global leader in interactive entertainment, to launch the EA SPORTS FCâ„¢ Mobile Webstore ("the Webstore") in 60 markets.

EA SPORTS FCâ„¢ Mobile Webstore is built on Coda and EA's shared commitment to delivering the best value and richest experiences to gamers worldwide. Leveraging Coda's expertise in creating successful digital marketplaces and EA's deep understanding of its dedicated EA SPORTS FCâ„¢ Mobile fanbase, the Webstore offers a localized, user-friendly platform where players can access free daily rewards, high-value product offerings, and enjoy special bonuses or discounts.

Since its launch, EA SPORTS FCâ„¢ Mobile has enjoyed widespread success, quickly becoming a fan favorite in the mobile gaming community. The game's seamless blend of engaging gameplay, real-world team and player integration, and regular content updates has earned it a strong and growing player base. The launch of the Webstore adds to this momentum by providing fans with an even more convenient way to enhance their gaming experience.

"Working hand-in-hand with the EA team, we've built a space that is more than just a marketplace. The EA SPORTS FCâ„¢ Mobile Webstore is built on the solid foundation of Codashop's decade of success. This isn't just a new launch; it's a necessary evolution in how gamers want to buy and interact with in-game content," said Mike Feldkamp, Chief Technology Officer at Coda.

Following successful launches in Malaysia, Australia, Canada, and Colombia on 15th October 2024, the EA SPORTS FCâ„¢ Mobile Webstore is now available globally in Argentina, Australia, Austria, Bahrain, Bangladesh, Belgium, Bolivia, Brazil, Cambodia, Canada, Chile, Colombia, Czech Republic, Denmark, Ecuador, Egypt, France, Germany, Hong Kong SAR, Hungary, Indonesia, Iraq, Italy, Kazakhstan, Kenya, Kuwait, Laos, Malaysia, Mexico, Mongolia, Morocco, Myanmar, Nepal, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Saudi Arabia, Singapore, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan region, Thailand, Timor Leste, Turkey, United Arab Emirates, United Kingdom, United States, and Uruguay.

Visit the Webstore at: store.fcm.ea.com 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Coda Partners with EA SPORTS FC™ to Launch FC Mobile Webstore

Coda Partners with EA SPORTS FC™ to Launch FC Mobile Webstore

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