SINGAPORE – Media OutReach Newswire – 30 December 2024 – Gene Solutions, a pioneering biotech company in Asia, announced that Bui Que Tran Nguyen, a young scientist from its cancer vaccines R&D team, received the prestigious Best Poster Award in the Precision Medicine category at the European Society of Medical Oncology (ESMO) Asia Congress 2024. This recognition underscores the potential of Gene Solutions’ innovative research to significantly impact cancer treatment advancements.
Nguyen presented the abstract titled “Fusion-Derived Neoantigens: Expanding the Potential for Personalized Cancer Immunotherapy,” showcasing the latest work in discovering novel antigens derived from gene fusions. These neoantigens could lead to more effective cancer vaccines, potentially triggering stronger immune responses and offering hope for personalized cancer therapies.
Clinical Milestones
The cancer vaccine landscape in the APAC region is projected to evolve significantly in the near future, driven by rising cancer incidence and the latest advancements in personalized immunotherapy. Dr. Tran Le Son, Head of the Research Team at Gene Solutions, shared further clinical milestones: “Neoantigen is a core topic in cancer research with the potential to accelerate cancer vaccine development. We are excited that our preliminary findings have been recognized by esteemed experts at ESMO Asia. Our team will expand clinical studies on patients diagnosed with colorectal and lung cancers in early 2025, aiming to utilize our genomics and AI strengths to contribute to the development of new cancer vaccines targeting these common cancer types.”
Image: Gene Solutions’ Neoantigen Research Workflow
Strategic Implications for Gene Solutions
Gene Solutions’ proprietary research and CAP-accredited laboratories in Singapore and Vietnam set it apart from other players in the Asia-Pacific region. The company’s focus on multi-dimensional genomics and AI-driven solutions ensures a competitive edge in the oncology market.
With recent funding rounds and strategic partnerships, Gene Solutions aims to expand its market presence and enhance its product pipeline. This includes not only its renowned early cancer detection and monitoring tests but also collaborations with biopharma leaders to co-develop novel cancer therapeutics, as seen in this neoantigen research.
Gene Solutions at ESMO ASIA 2024
ESMO Asia is an annual conference focused on advances in cancer research and new treatment methods. Gene Solutions joined the conference as an industry partner, while its R&D teams presented nine posters and one oral session. In addition to Nguyen’s Best Poster Award, three medical doctors and scientists from Gene Solutions, MD. Dang L. Nguyen, BSc. Hanh T. Nguyen, and MSc. Nam H. Tran also received Merit Travel Awards for their reports on early cancer detection and homogeneous deficiency testing.
These honors reaffirm the company’s commitment to advancing personalized cancer care through innovative research and its long-term vision to make a substantial impact on patients’ health.
Elevating Urban Living with Holistic Wellness and Timeless Elegance: Proud Real Estate Redefines Luxury with Romm Convent, Bangkok’s Premier Wellness Residence in the Heart of Convent-Sathorn
BANGKOK, THAILAND – Media OutReach Newswire – 30 December 2024 – In the bustling heart of Bangkok’s prestigious Convent-Sathorn area, Proud Real Estate Plc. introduces Romm Convent, a beacon of luxury wellness living designed for the discerning urbanite. Amidst a thriving residential market buoyed by global-above-average yields, Romm Convent emerges as a rare gem, offering an exclusive investment opportunity in one of the city’s most desirable locations.
ROMM CONVENT LUXURY WELLNESS RESIDENCES
Ms. Proudputh Liptapanlop, Executive Director of the SET-listed Proud Real Estate Plc., discusses the vision behind this pioneering project, “Home is redefined as a space for interactions, where luxury transcends traditional craftsmanship to embrace the vital access to urban green space. In today’s era of land scarcity, creating a breathable, healthy environment is paramount.”
A Historical Perspective on Bangkok’s Growth and Urban Trajectory
Bangkok, one of the world’s most densely populated cities, has undergone significant transformations since the 1980s when rural-urban migration spurred by industrialization led to a wave of suburbanization. Yet, despite the outward expansion, the city’s core areas, particularly around Lumpini Park which covers Silom, Sathorn, Chidlom, Langsuan, Rajdamri, and the initial section of Rama IV Roads, have remained vibrant hubs of development. These districts are renowned for their 5-star hotels, upscale shopping malls, foreign embassies, and Grade A office towers.
As Bangkok continues to expand, its super core CBD centered around Lumpini Park remains a focal point of major development. According to data compiled by Proud Real Estate Plc., about 30 projects, primarily mixed-use, have been developed in this area over the past few years, representing a multi-billion-dollar investment. This includes significant megaprojects like the USD 3.2 billion One Bangkok and the USD 1.37 billion Dusit Central Park. These developments not only reinforce Bangkok’s status as a world-class city but also highlight its ongoing transformation and urban sprawl, maintaining the inner city’s pivotal role in the national and regional economic landscape.
Rise of the Super Core CBD
Recent data from Proud Real Estate Plc. indicates a bustling period of development in the super core CBD, with approximately 30 projects developed in the last few years. Noteworthy developments include the USD 3.2 billion One Bangkok, a ‘city within a city’ offering a dynamic mix of retail, hotel, office, and residential spaces, and the USD 1.37 billion Dusit Central Park which has reintroduced the legendary Dusit Thani Hotel alongside new office and retail spaces.
Romm Convent: A Synthesis of Luxury and Wellness Romm Convent distinguishes itself with a ‘biological design’ concept, which enhances natural air circulation and reduces heat, ensuring a refreshing living environment. This design is on track to receive Fitwel certification by Q1/2025, highlighting the project’s commitment to health and wellness. The development features The Sky Retreat, a luxurious three-story area offering a variety of state-of-the-art amenities designed to cater to all lifestyles.
With only 175 units and just eight units per floor, Romm Convent prioritizes privacy and exclusivity. The residences range from 2-bedroom plus Balcony Suit (118 sq.m.) to a 4-bedroom duplex penthouse (470 sq.m.), each offering spacious and versatile living environments with panoramic views of Bangkok’s skyline. These residences are optimally priced, reflecting their exceptional value and anticipated rental yields of 5-6%.
Wellness and Convenience at Your Doorstep Residents of Romm Convent benefit from comprehensive on-site wellness services provided through collaborations with leading health institutions like BEDEE by BDMS and BNH Hospital. This holistic approach to wellness ensures that every aspect of residents’ health and well-being is catered to, from preventive care to health promotion. With VVIP special privileges, they are eligible to access to BNH loyal heritage lounge supervised by A-List medical team and receive up to 20% discount when using services at the country’s first private BNH Hospital in a short walk.
Strategic Location and Investment Potential The Convent-Sathorn area remains a focal point for growth and investment, driven by a tourism boom, Bangkok’s position as a health and wellness destination, and its strategic geopolitical importance. The influx of expatriates and digital nomads has further fueled demand for upscale residential properties in the area.
Despite the general trend towards suburbanization, Bangkok’s CBD continues to be the epicenter of economic activity and urban development. The latest study by Thailand’s Real Estate Information Center reaffirmed the economically-centralized development of Bangkok’s CBD, showing a total of 138 mixed-use projects with a gross floor area of 56 million sqm across greater Bangkok in the first half of 2024 alone, with about 90% located in the inner city. REIC estimates that around 15 million sqm of mixed-use supplies will be added to the market over the next five years.
Ms. Proudputh concludes, “No matter how much Bangkok expands, the city center remains crucial for employment, quality of life, wealth creation, and access to a sustainable urban ecosystem. Romm Convent embodies our philosophy at Proud Real Estate – ALL IS WELL –through an experience-based approach enriched by the unique character of the area.”
Romm Convent is not just a residence; it’s a lifestyle choice for those seeking luxury, privacy, wellness, and a sound investment in Bangkok’s dynamic real estate market.
For more information and to schedule a private viewing, please visit Romm Convent. Hashtag: #ProudRealEstate #ALLISWELL #RommConvent #LuxuryWellnessResidences #CondoSathorn #CondoHighRise #Condo #Bangkok #CBD
The issuer is solely responsible for the content of this announcement.
PROUD REAL ESTATE PUBLIC COMPANY LIMITED
Proud Real Estate is a leading luxury property developer in Thailand and a publicly listed company on the Stock Exchange of Thailand (SET).
Guided by our brand philosophy, “ALL IS WELL,” we are committed to creating residential projects that inspire sustainable well-being for all—our residents, employees, partners, investors, and society as a whole.
SINGAPORE – Media OutReach Newswire – 30 December 2024 – Among the rows of timepiece stores at Far East Plaza, House of Watches has just opened its doors, bringing a fresh take on luxury watch shopping in Singapore. Known for its sincerity and dedication to quality, this licensed and regulated watch dealer introduces a new experience with luxury watches, whether you are a seasoned collector or just starting your journey.
House of Watches offers a contemporary luxury selection, including coveted models like the pre-owned Rolex Submariner. Every watch comes with expert guidance to ensure customers walk away with timepieces that align with their style, investment goals, and appreciation for craftsmanship.
The launch of its physical store is a significant milestone for House of Watches, which allows customers to explore a broader inventory in person. From professional sports models to elegant dress watches, its collection includes luxury brands like Rolex, Patek Philippe, and Audemars Piguet. Positioned prominently within the mall, the store’s sleek and modern design is expected to attract both locals and tourists alike.
Behind this venture is Wayne, a passionate watch collector whose journey began six years ago. It all started during his time in Melbourne, where selling his first Rolex Daytona sparked an idea that grew into a thriving business. What began as a wholesale B2B operation has transformed into one of Singapore’s most trusted names in luxury watch retail that offers customers a trusted destination to sell luxury watches or find their next prized timepiece. Recognising Far East Plaza as a hub for watch enthusiasts, Wayne saw an opportunity to create something different: a store where sincerity, service, and expertise come together seamlessly.
Counterfeit luxury watches are unfortunately widespread, but House of Watches guarantees 100% authenticity for every timepiece sold. At House of Watches, every luxury timepiece undergoes a meticulous authentication process. All key details, such as engraving precision, serial numbers, and movement quality, are thoroughly inspected. Advanced equipment, such as the Witschi timegrapher to test accuracy and timekeeping, as well as magnification scopes to verify intricate details, ensures each timepiece meets the highest standards.
Today, House of Watches is a licensed and regulated luxury watch dealer with a storefront in Singapore and a destination for those who appreciate fine timepieces. With its focus on building lasting relationships and offering only the best, it has established itself as a trusted partner for buying, selling, trading, sourcing, and consigning brand new and secondhand luxury watches, such as brand new Audemars Piguet and pre-owned Rolex watches. Moving forward, the company plans to continue expanding its range of brands and offerings, with a vision to make its mark as a leading watch retailer known for service and sincerity in Singapore.
For more information on House of Watches and its comprehensive range of products, please visit https://houseofwatches.sg/. Hashtag: #HouseOfWatches
HONG KONG SAR – Media OutReach Newswire – 30 December 2024 – AS Watson Group and Al-Futtaim Group jointly announce the opening of Watsons’ new flagship store at City Centre Bahrain Mall, signifying the Watsons’ entry into a new market alongside the United Arab Emirates (UAE), Kingdom of Saudi Arabia (KSA) and Qatar. This also marks the third store opening in three months in Bahrain, strengthening its presence across the Gulf Cooperation Council (GCC).
Strategic Market, Huge Potential Bahrain is one of the six countries of the GCC, presenting a dynamic and potential market with a surging demand for health and beauty products, driven by a predominantly young population – over two-thirds of Bahrainis are under the age of 35 – who are pursuing high-quality products. Increased awareness of beauty trends, influenced by social media and lifestyle shifts, has led customers to greater spending on personal grooming.
As a trusted beauty expert, Watsons is well-positioned to bring world-class brands and products that meet their needs, ensuring a seamless O+O (Offline plus Online) customer experience while celebrating and enhancing Arabic beauty. With a projected market growth of USD38.8 million at a compound annual growth rate of 5% from 2024 to 2029, Bahrain presents an exciting opportunity for Watsons as part of its expansion strategy.
Dr. Malina Ngai, Group CEO of AS Watson Group, expressed her excitement about this milestone, “The expansion of Watsons health and beauty retail experience into Bahrain is an important milestone in our commitment in the GCC region. Just as important, this new flagship store further strengthens our partnership with Al-Futtaim Group to serve customers in this vibrant region where high-quality beauty and health products are increasingly in demand.”
Mr. Simon Naga,Vice President of Al-Futtaim Group, emphasised the strategic importance of this expansion, “The opening of our flagship Watsons store in Bahrain is a testament to our commitment to enhancing customer experiences across the region. As we continue to expand our footprint in the GCC market, we focus on delivering innovative retail solutions that meet the evolving needs of consumers.”
Watsons is “Where Beauty Comes to Shine” The 200-square-meter flagship store leverages Bahrain’s strategic location in the Gulf, showcasing over 200 local and international brands across meticulously designed zones. Key areas include the innovative Derma Zone, which features internationally-renowned products alongside personalised skincare recommendations, and the enticing Skincare Zone, where customers can explore popular K-beauty and J-beauty brands. Additionally, the store includes a chic Makeup Zone and Sustainable Zone, each thoughtfully tailored to meet a diverse range of customer needs.
As Watsons continues to expand, it remains committed to delivering exceptional customer experiences and high-quality products that empower customers to Look Good, Do Good, and Feel Great. Hashtag: #ASWatson
HONG KONG SAR – Media OutReach Newswire – 30 December 2024 – In September 2024, the Federal Reserve initiated a rate-cutting cycle, lowering rates three times over the year by a total of 100 basis points to a range of 4.25%-4.5%. While this trajectory appears stable on the surface, the VT Markets research team highlights that factors like inflation rebounds, new government policies, and optimistic economic forecasts might compel the Fed to adopt a more cautious stance on its easing strategy.
The Federal Reserve’s “defensive” strategy, in this way, can be interpreted as either a “precise” market insight or a precautionary measure. The VT Markets Research Desk proposes the following perspectives for analysis.
Dot Plot Adjustments May Indicate Slower Rate Cuts
First, the Research Desk considers that during the December Federal Open Market Committee (FOMC) meeting, an 11:1 vote resulted in a rate cut to 4.25%-4.5%, aligning with market expectations. However, the updated dot plot projections surprised markets, slashing 2025’s expected rate cuts from four to two.
Although this shift caused short-term market ripples, VT Markets suggests the slower pace reflects economic resilience and labor market strength. The Fed appears focused on avoiding over-stimulation and carefully balancing economic growth against inflation risks.
Strong Economic Data Supports Policy Shift
The Summary of Economic Projections (SEP) reinforces the Fed’s cautious approach, with GDP growth forecasts for 2024 and 2025 revised upward from 2% to 2.5% and 2.1%, respectively. Core Personal Consumption Expenditures (PCE) inflation forecasts also rose from 2.2% to 2.5%.
Fed Chair Jerome Powell highlighted these optimistic trends during the Fed’s press briefing, emphasising that reduced job market risks and declining housing inflation are pivotal in shaping future rate adjustments.
Challenges from Trump Administration Policies and Inflation Balance
As the Trump administration prepares to take office, the potential impact of its economic policies on inflation and rate cuts remains a focal point. Powell acknowledged that Fed officials have considered factors such as increased tariffs and reduced corporate taxes in their projections. Historical data, however, suggests that trade policies have minimal direct influence on inflation. For example, the 2018-2019 trade wars did not significantly raise inflation due to the limited share of imports in overall consumption.
The Research Desk believes that oil prices remain the primary determinant of inflation trends. The Trump administration’s low-oil-price strategy could suppress inflation further, providing more flexibility for the Fed to maintain accommodative policies through 2025.
USD Rebound and Market Outlook
Driven by shifting Fed policies and robust economic data, the U.S. Dollar Index rebounded in Q4 2024, achieving three consecutive months of gains and reaching a two-year high in late November. However, VT Markets anticipates that as 2025 progresses, these expectations may begin to materialise. If inflation rebounds less than anticipated, the Fed could adopt a more dovish stance, potentially capping the Dollar Index’s upward trajectory.
Based on these insights, the VT Markets Research Desk advises investors to proceed cautiously, avoid aggressive long positions in the Dollar Index, and remain vigilant for range-bound risks. Monitoring inflation data and policy changes will be key to navigating the market in the coming year.
Hashtag: #VTMarkets #CFDs #CFDsbrokers #USD #USDX
The issuer is solely responsible for the content of this announcement.
SHAH ALAM, MALAYSIA – Media OutReach Newswire – 30 December 2024 – BEST Inc. Malaysia, a trailblazer in the logistics and supply chain industry, celebrates its incredible journey from its inception in 2020 to stepping into 2025 as a powerhouse of innovation and growth.
In just five years, BEST Inc Malaysia has expanded its operations into five thriving business verticals, establishing itself as a cornerstone of efficiency and excellence in Malaysia’s logistics ecosystem.
In just five years, the company has expanded its operations into five thriving business verticals, establishing itself as a cornerstone of efficiency and excellence in Malaysia’s logistics ecosystem.
A Remarkable Growth Story
Launched in 2020, BEST Inc. Malaysia entered the market with a vision to redefine logistics through technology-driven solutions. By 2024, the company has achieved remarkable milestones, handling 500,000 parcels daily, operating 10 strategically located hubs, and overseeing 300 stations nationwide with a dedicated fleet of 1,500 riders.
Now, as BEST Inc. Malaysia enters 2025, its operations span five dynamic business verticals:
BEST Express: Fast, reliable, and customer-centric parcel delivery services.
BEST Cargo: Less-than-truckload (LTL) and full-truckload cargo services.
BEST Supply Chain: Intelligent, end-to-end warehouse and distribution management.
BEST Global: Cross-border supply chain solutions, Southeast Asia express/cargo networks, and overseas warehousing and distribution.
BEST Software: Integrated SaaS solutions for new retail and e-commerce sectors.
2024: A Year of Milestones
In 2024, BEST Inc. Malaysia marked a significant achievement by hosting the Deputy Minister of Communications YB Teo Nie Ching during her official visit. She expressed her amazement at the company’s ground breaking technology and innovations, urging the logistics industry to move beyond traditional standards and embrace the future.
Additionally, BEST Inc. Malaysia launched its cutting-edge DWS (Dimensioning, Weighing, and Scanning) technology, further streamlining logistics operations and enhancing accuracy and efficiency. This innovation underscores the company’s commitment to staying at the forefront of industry advancements.
BEST Inc. remains committed to continuing its investments in Malaysia, further strengthening its infrastructure, expanding its capabilities, and supporting the nation’s economic growth.
Committed to Continue Invest In Malaysia
As BEST Inc. Malaysia looks toward the future, the company is aggressively seeking new business partners to join its journey of transformation. By fostering strategic collaborations, BEST Inc. aims to empower businesses, enhance customer experiences, and drive sustainable growth in the logistics industry.
“Our story is one of relentless dedication and innovation,” said Gavin Lu. Chief Executive Officer of BEST Inc Malaysia.
“As we step into 2025, we’re committed to forging partnerships that will shape the future of logistics and beyond. Together, we can build an ecosystem that not only meets today’s demands but also anticipates tomorrow’s opportunities.”
A Vision for the Future
BEST Inc. Malaysia remains steadfast in its mission to revolutionize the logistics landscape by leveraging advanced technologies, empowering local businesses, and creating value for its stakeholders. With its ambitious roadmap for 2025 and beyond, the company is poised to set new benchmarks in service excellence and industry innovation.
The issuer is solely responsible for the content of this announcement.
BEST Inc
BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. Through its proprietary technology platform and extensive networks, BEST offers a comprehensive set of logistics and value-added services, including freight delivery, supply chain management and global logistics services. BEST’s mission is to empower business and enrich life by leveraging technology and business model innovation to create a smarter, more efficient supply chain.
BEST Inc started its business mapping for Southeast Asia market expansion in 2018. The group completed its express delivery network coverage in Thailand, Vietnam, Malaysia, and Singapore in 2020, and opened up the cross-border logistics network between China and Southeast Asia.
Started with express delivery network in Southeast Asia market, BEST Inc has gradually built-up its global warehouses, cross-border networks, and cargo networks.
HONG KONG SAR – Media OutReach Newswire – 30 December 2024 – Generali Hong Kong continues to make meaningful impact in the community by supporting more than 500 underprivileged families and young children through The Human Safety Net, a global initiative powered by the Generali Group. Recently, Generali Hong Kong organized a Family Hiking Day for families living in Sham Shui Po, one of Hong Kong’s most underprivileged districts. The event aimed to provide these families with a much-needed opportunity to connect with nature and take a break from their daily challenges, fostering precious family bonds through nature-based learning and play.
Ms. Ady Law, Chief Distribution and Marketing Officer of Generali Hong Kong, kicked off the Family Hiking Day alongside The Human Safety Net core team members, ambassadors, and volunteers.
Volunteers organized interactive games and activities during the event, providing children with opportunities to explore nature in ways that stimulate sensory and cognitive growth while fostering environmental awareness and creativity. The Family Hiking Day was part of the “Nature Exploration Program”, a series of nature-themed workshops and activities designed to empower families through immersive experiences. Other activities in the program included eco-printing workshops, guided tours of the Tuen Mun Reptile House, and interactive sessions with small animals, offering families a blend of education and entertainment.
The “Nature Experience Program” is one of many initiatives under The Human Safety Net in Hong Kong. This year, through the Global Challenge fundraising event, Generali Hong Kong successfully mobilized nearly 500 employees, agents, business partners, customers, and members of the public. The program is delivered in collaboration with the NGO OneSky, enabling impactful support for vulnerable families.
Generali Hong Kong has been committed to supporting underprivileged families and young children, with every colleague contributing in different ways, which has led to a 100% volunteer participation rate, including staff and agents. Looking ahead, The Human Safety Net will continue to expand its reach to more districts across Hong Kong, helping even more families in need.
Hashtag: #GeneraliHongKong
The issuer is solely responsible for the content of this announcement.
Generali Hong Kong
In 1981, Assicurazioni Generali S.p.A. was first registered as an authorised insurer in Hong Kong, with the business extending into the life insurance sector in 2016 with Generali Life (Hong Kong) Limited. With a combination of local knowledge and Generali Group’s global expertise, we develop unique and innovative life insurance, general insurance, specialty insurance, and employee benefits solutions to meet the needs of our customers.
Generali Group
Generali is one of the largest global insurance and asset management providers. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 82.5 billion in 2023. With around 82,000 employees serving 70 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 30 December 2024 – Visa, the global leader in digital payments, reveals a surge in contactless payments across the Asia-Pacific (AP) region, with Vietnam leading the charge based on a recent survey commissioned by Visa done by YouGov[1]. VisaNet data analyzed by the Visa Consulting & Analytics (VCA) shows a significant shift in payment behavior, with nearly one in five transactions processed on the Visa network being contactless in September 2024.
Survey results reveal that in the AP region, in-app mobile wallets (69%) and tap-to-pay (68%) are the preferred payment methods. In Vietnam, mobile wallets are favored payment method by 80% of consumers surveyed, while 68% utilize tap-to-pay. Additionally, 39% of Vietnamese consumers trust smartphones for high-value transactions, demonstrating their confidence in mobile payment security and comfort with mobile-first solutions.
At the end of November 2024, contactless payments have become universal in Vietnam, with over 75%1 of face-to-face transactions on Visa cards being contactless. The introduction of mobile wallets such as Apple Pay, Garmin Pay, Google Pay, and Samsung Pay has significantly driven this trend, reflecting growing consumer confidence and a rising demand for SMBs to offer these seamless payment options. Visa is actively collaborating with banks and merchants to develop a comprehensive contactless ecosystem through the “Small Business, Big Future” initiative and an online toolkit supporting SMBs in their digital transformation journey.
Ms. Dung Dang, Visa Country Manager for Vietnam and Laos, said: “We envision a future where digital payments are seamless, secure, and accessible to all Vietnamese businesses. By collaborating with partners across the payment ecosystem, we strive to help SMBs unlock new opportunities for growth and efficiency, ultimately contributing to Vietnam’s economic progress.”
While contactless payments offer unparalleled convenience, transaction security is crucial for establishing consumer trust and promoting widespread adoption. With 51% of respondents across AP expressing confidence in tapping their card as a secure payment method, the AP digital economy experienced an uplift of more than USD 2 billion with the implementation of the Visa Token Service (VTS). This underscores the importance of promoting secure, contactless payment solutions throughout the region.
Additionally, by collaborating with QR payment providers in Asia Pacific, Visa facilitates seamless cross-border transactions, opening new opportunities for Vietnamese businesses in international commerce. This is further reinforced by the growing preference for QR code payments in Vietnam, with 98% of mobile payment users scanning QR codes at point-of-sale (POS) for their convenience, wider acceptance, reliability, and security[2].
[1] VisaNet data, all other data unless otherwise stated is from AP Consumer Payment Preferences Survey commissioned by Visa done by YouGov – Total sample size was 16,308 respondents (14 markets in total) and fieldwork was undertaken between 30th August – 6th September 2024 with 1,038 respondents in Vietnam.
[2] The Visa AP Mobile Research was conducted online with 9,000 consumers across 5 Asia Pacific countries including Australia, India, Singapore, Vietnam (1,500 respondents) and Japan, aged 18-60 years (IN, SG, VN) / 18-70 years (AU, JP), in Nov 2024.
The issuer is solely responsible for the content of this announcement.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.