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GC Biopharma Receives MFDS Approval for World’s First Recombinant Anthrax Vaccine

YONGIN, South Korea, April 9, 2025 /PRNewswire/ — GC Biopharma announced 09. Apr. 2025 that the Korean Ministry of Food and Drug Safety (MFDS) has approved its anthrax vaccine, BARYTHRAX, jointly developed by GC Biopharma and the Korea Disease Control and Prevention Agency (KDCA).

With the approval by MFDS, BARYTHRAX has become Korea’s 39th novel drug. Following the application on 31 Oct. 2023, GC Biopharma and KDCA successfully received the product approval from MFDS on 8th this month.

Anthrax, caused by Bacillus anthracis, is class-1 infectious disease capable of surviving extreme conditions and spreading easily through airborne transmission. If untreated, its fatality rate can reach up to 97%, making it a significant threat as a potential biological weapon.

BARYTHRAX utilizes protective antigen (PA) proteins produced through genetic recombination techniques. In anthrax infections, PA acts as a gateway for 2 Bacillus anthracis toxins, lethal factor (LF) and edema factor (EF), to enter host cells. By utilizing PA proteins, the vaccination can train and stimulate an immune response to neutralize anthrax.

Traditional vaccines are made by attenuating Bacillus anthracis or culturing non-pathogenic Bacillus anthracis, which may contain residual toxin components. BARYTHRAX, being the world’s first recombinant protein anthrax vaccine, removed this risk and improved vaccine safety. 

BARYTHRAX has also improved vaccine stability by overcoming a key limitation of recombinant protein vaccines, which is “the reduction in immunogenicity within the shelf life”. In the Phase II clinical trial, healthy adult subjects, who received the vaccination generated sufficient antibodies to neutralize anthrax toxins, while reporting no acute or severe adverse events.

Bacillus anthracis is highly lethal, making it unethical to carry out phase 3 human clinical trials. In such cases, under the “Animal Rule” of The Special Act for Promotion of the Development and Emergency Supply of Medical Products in Response to Public Health Crisis of Korea, animal trials can be conducted as a substitute for phase 3 clinical studies. In the animal efficacy study, the vaccinated subjects maintained high levels of neutralizing antibodies even after 6 months following the 4th dose of the vaccine, with a high survival rate against the Bacillus anthracis spore challenge.

The MFDS’s approval, supported by GC Biopharma’s production capacity, will pave the way for the company to supply Korea’s essential anthrax vaccine reserve.

Eun-chul Huh, President and CEO of GC Biopharma, said, “This achievement underscores our commitment to localizing critical medicines for public health and national security. GC Biopharma will continue leading efforts to ensure stable supplies of essential medical products, as we have been doing with other vaccines and blood products since our founding.

About GC Biopharma

GC Biopharma (formerly known as Green Cross Corporation) is a biopharmaceutical company headquartered in Yong-in, South Korea. The company has over half a century of experience in the development and manufacturing of plasma derivatives and vaccines, and is expanding its global presence with successful US market entry of Alyglo™(intravenous immunoglobulin G) in 2024. In line with its mission to meet the demands of future healthcare, GC Biopharma continues to drive innovation by leveraging its core R&D capabilities in engineering of proteins, mRNAs, and lipid nanoparticle (LNP) drug delivery platform to develop therapeutics for the field of rare disease as well as I&I (Immunology & Inflammation).
To learn more about the company, visit https://www.gcbiopharma.com/eng/

This press release may contain biopharmaceuticals in forward-looking statements, which express the current beliefs and expectations of GC Biopharma’s management. Such statements do not represent any guarantee by GC Biopharma or its management of future performance and involve known and unknown risks, uncertainties, and other factors. GC Biopharma undertakes no obligation to update or revise any forward-looking statement contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule.

GC Biopharma Contacts (Media)

Sohee Kim
shkim20@gccorp.com

Yelin Jun
yelin@gccorp.com

Yoonjae Na
yjy6520@gccorp.com

Kearney’s 2025 FDI Confidence Index® highlights APAC’s innovation-driven growth amid mounting global headwinds

  • Japan and South Korea leap in ranking due to technological innovation capabilities and improving economic performance.
  • Rising commodity prices, regulatory challenges, and geopolitical tensions temper optimism.
  • Southeast Asia’s emerging markets showcase strong talent and investment appeal.
  • New U.S. tariffs add urgency to scenario planning and highlight sector vulnerabilities, particularly in manufacturing and automotive.

SINGAPORE – Media OutReach Newswire – 9 April 2025 – Kearney’s Global Business Policy Council today released its 2025 Foreign Direct Investment (FDI) Confidence Index (FDICI), a survey capturing investor sentiment on FDI flows over the next three years. With 30 percent of respondents based in Asia Pacific (APAC), the survey results show a mixed outlook for APAC markets.

Eight markets from APAC make the top 25 this year, the same representation as last year. This includes Japan (4th), China (including Hong Kong) (6th), Australia (10th), South Korea (14th), Singapore (15th), New Zealand (16th), Taiwan (China) (23rd) and India (24th).

Investors highly value the technological and economic performance of some APAC markets, while the challenges from a complex global geopolitical environment have negatively impacted investors’ views on others.

Though there have been profound developments since the survey was in the field in January, including the announcement of new U.S. tariffs in April, key findings remain illuminating — particularly the value that investors place on efficiency of legal and regulatory processes, domestic economic performance, and technological and innovation capabilities.

Technology and Economic Strength Propel APAC Markets

Investor confidence in APAC remains underpinned by notable advancements in technology and solid economic fundamentals. Japan’s ascent from 7th to 4th place is a prime example, as market participants point to its leading technology innovation and strong economic performance, bolstered by a tight labor market and record wage growth.

Likewise, South Korea makes its strongest-ever showing by leaping from 20th to 14th. 41 percent of investors cite its dynamic technology sector as a key driver of renewed confidence. Significant government investments in semiconductors are potential influencing factors behind this change.

82 percent of APAC-based investors plan to increase FDI in the next three years. 50 percent are more optimistic than a year ago about the APAC economy.

“The impressive strides in technology and economic performance across APAC are reshaping our investment landscape. Japan’s leap and South Korea’s record performance demonstrate the power of innovation and strong market fundamentals, even as recent U.S. tariff measures add complexities to global trade dynamics,” said Shigeru Sekinada, Region Chair, Asia Pacific, Kearney.

These trends reinforce that strategic and forward-looking investments in innovation will drive sustainable and regenerative growth in our region in the face of evolving global dynamics.

Nonetheless, businesses should also conduct scenario planning as they navigate tariffs and prepare for emerging risks. Sectors like automotive and manufacturing are expected to be hard-hit on top of existing cost and regulatory challenges.”

Regional Headwinds Temper Optimism

Investor sentiment is also affected by rising uncertainties.

Roughly 43 percent of APAC investors surveyed see a rise in commodity prices as the most likely development over the next year, up a striking 14 percent from last year. The uptick is perhaps explained by investor fears of increased global conflict and subsequent supply chain disruptions that could drive commodity prices up.

Ranked second as a likely development in 2025 for APAC investors is a more restrictive business regulatory environment in developed markets (36 percent), up two percent from last year. Tied for third are a rise in geopolitical tensions and a more restrictive business regulatory environment in emerging markets (28 percent).

China slipped from 3rd to 6th place, reflecting ongoing economic challenges including a persistent property crisis and heightened US–China trade tensions. Nevertheless, the nation’s tech innovation continues to be a draw, as evidenced by the recent launch of DeepSeek AI.

Furthermore, Singapore’s drop from 12th to 15th and India’s decline from 18th to 24th underscore growing concerns over trade-related risks and regulatory complexity, respectively.

Shigeru Sekinada added: “While our region continues to showcase significant strengths, we also recognize the challenges in a shifting global landscape. For instance, the new U.S. tariffs have impacted Southeast Asian nations and traditional China +1 beneficiaries.

Despite these challenges, APAC markets retain their core appeal, offering strong fundamentals that investors value deeply – tech-driven innovation, talent, and a strong business-friendly environment. With proactive policies and strategic investments, we are confident that the region is well-equipped to unlock long-term value amidst a volatile global environment.”

ASEAN Shines Among Emerging Markets

Southeast Asia continues to excel in the FDICI’s Emerging Market Index, launched in 2023 to highlight attractive emerging markets for FDI over the next three years. Three ASEAN-6 nations (Thailand, Malaysia, and Indonesia) have secured spots in the top 15. Investors cite the talent and skills of the workforce as the top reason for investing in Thailand (34 percent), Malaysia (30 percent), and Indonesia (32 percent).

Notably, investor optimism remains high in Thailand, leading ASEAN nations, only behind Singapore.

About the 2025 Kearney FDI Confidence Index®

The Kearney FDI Confidence Index® is an annual survey of global business executives that ranks markets that are likely to attract the most investment in the next three years. In contrast to other backward-looking data on FDI flows, the FDICI provides unique forward-looking analysis of the markets that investors intend to target for FDI in the coming years. Since the FDICI’s inception in 1998, the markets ranked on the Index have tracked closely with the top destinations for actual FDI flows in subsequent years.

The 2025 Kearney FDI Confidence Index® is constructed using primary data from a proprietary survey of 536 senior executives of the world’s leading corporations. The survey was conducted in January 2025. Respondents include C-level executives and regional and business leaders. All participating companies have annual revenues of $500 million or more. The companies are headquartered in 30 countries and span all sectors. Service-sector firms account for 53 percent of respondents, industrial firms for 35 percent, and IT firms for 12 percent.

The Index is calculated as a weighted average of the number of high, medium, and low responses to questions on the likelihood of making a direct investment in a select market over the next three years. Together, the markets presented to respondents in the survey received 97 percent of the world’s inward FDI flows in 2023, according to UNCTAD data.

Index values are based on responses only from companies headquartered in foreign markets. For example, the Index value for the United States was calculated without responses from US-headquartered investors. Higher Index values indicate more attractive investment targets.

All economic growth figures presented in the report are the latest estimates and forecasts available from Oxford Economics unless otherwise noted. Other secondary sources include investment promotion agencies, central banks, ministries of finance and trade, relevant news media, and other major data sources.
Hashtag: #Kearney


The issuer is solely responsible for the content of this announcement.

About Kearney

Since 1926, Kearney has been a leading management consulting firm and trusted partner to three-quarters of the Fortune Global 500 and governments around the world. With a presence across more than 40 countries, our people make us who we are. We work impact first, tackling your toughest challenges with original thinking and a commitment to making change happen together. By your side, we deliver—value, results, impact.

To learn more about Kearney, please visit .

For past editions of the FDI Confidence Index, please go to:
.

For more information, contact the Global Business Policy Council ().

Hejaz Secures €100 Million Funding Facility from UAE Private Wealth Group to Drive Growth in Australian Islamic Finance Market

MELBOURNE, Australia, April 9, 2025 /PRNewswire/ — Hejaz, Australia’s leading Islamic financial services provider, has secured a €100 million funding facility from a UAE-based private wealth group. This strategic funding milestone will enable Hejaz to expand its Sharia-compliant financing solutions, catering to the growing demand across property, auto, SME, commercial, and development finance in the Australian market.

This facility marks a significant leap forward for Islamic finance in Australia, ensuring that the country’s expanding Muslim communities have greater access to financial solutions that align with their values. As the first of its kind at this scale, this investment underscores international confidence in Australia’s Islamic finance sector and positions Hejaz as the leading gateway for global Sharia-compliant capital into the region.

“The demand for Sharia-compliant financial products in Australia has surged, driven by a growing population seeking alternatives to conventional finance,” said Hakan Ozyon, CEO of Hejaz. “This funding facility allows us to meet this demand at scale, supporting home buyers, business owners, and developers while ensuring access to responsible finance solutions.”

The ripple effect of this capital injection will be felt across multiple sectors, particularly in real estate and SME lending, where access to Sharia-compliant funding has historically been limited. Hejaz’s expanded capacity to deploy this capital will not only benefit the Muslim community but also contribute to broader economic activity, job creation, and infrastructure development across Australia.

This partnership with global investors highlights the increasing recognition of Australia as an emerging hub for Islamic financial services and reinforces Hejaz’s leadership in this growing sector.

Hejaz Group offers a comprehensive suite of products and services ranging from Pension funds and ETFs to Real Estate financing and personal asset management. Established in 2014 in Melbourne, Australia, the Hejaz Group was formed to offer a holistic financial services solution to Muslims around the world. The Hejaz Group has demonstrated robust growth and resilience, navigating through various economic cycles, and emerging as a market leader in the region. The company has earned numerous accolades and recognitions for its contributions to the financial industry and its commitment to innovation and financial inclusivity.

Trinasolar launches the Shield extreme climate solution in Asia Pacific, safeguarding PV power plant assets

Unveiling its latest climate resilient solution for the first time in the Asia Pacific region at Sydney’s Smart Energy Conference

SYDNEY, April 9, 2025 /PRNewswire/ — As Australia faces increasingly unpredictable and extreme weather patterns, Trinasolar, a global leader in smart PV and energy storage solutions, has launched a first-to-market solution that helps solar developers protect their assets and safeguard performance — no matter what the forecast holds.

Unveiled at this year’s Smart Energy Conference in Sydney, held from 9-10 April, the Shield Extreme Climate Solution delivers next-generation protection for utility-scale PV plants, offering a powerful combination of high-strength structural modules and intelligent weather-responsive tracking.

Trinasolar’s Shield extreme climate solution on display at the 15th Clean Energy Expo China in Beijing.
Trinasolar’s Shield extreme climate solution on display at the 15th Clean Energy Expo China in Beijing.

This innovative development was specifically designed and tested for the Australian market. The solution was tested in Queensland, Australia.

Technical specifications include:

  • The Shield Extreme Climate Module’s (NED19RC.20) glass is 25% thicker than that of conventional modules and its resistance to energy impact 2.5 times greater. The innovative frame design increases the module’s load-bearing capacity, thereby further improving stability and reliability. In severe hailstorms, the Shield solution can withstand 55mm hail at 0° and 75mm at 60°. The short-term severe hail climate forecast automatically issues commands for the tracker to adopt a protective angle.
  • Equipped with self-developed Tracker Control unit (TCU) and Network Control Unit (NCU,) the TrinaTracker smart control system is integrated with a variety of extreme climate protection strategies. Harnessing real-time monitoring data from the smart cloud platform, the system can implement intelligent protective measures for PV power plants, thereby ensuring safe and stable operation of the system. In a setting in which tracking mounting is used, the smart cloud platform monitors real-time wind speed, automatically adjusting to the stow position when certain wind speeds are detected. A tiered stow strategy assigns different protection angles based on wind speed levels, balancing risk mitigation with maximised power generation. The structure includes an innovative module design that increases mechanical load capacity to +3600/-3000Pa.
  • In heavy snow, the Shield solution withstands 2.2m of uneven snow load in a fixed mounting system installation setting. In a tracking mounting installation setting, the TrinaTracker smart cloud platform provides real-time monitoring of snow thickness. O&M personnel can initiate snow removal with just one click, effectively mitigating the potential threats of snow load to the modules and mounting systems. This not only improves the efficiency of O&M operations but also prevents power generation losses caused by snow accumulation, thereby ensuring the system’s stable operation.
  • In strong winds, the Shield solution withstands wind pressure up to +8000Pa/-6000Pa in a fixed mounting system installation setting, thanks to innovative dual fastening and triple-beam installation design.

The Shield solution safeguards PV assets while significantly lowering BOS cost and LCOE, maximising project returns. Based on the Queensland testbed, the solution set-up achieved an overall customer value increase by the equivalent of 0.0364 AUD $/W and reduction of LCOE by 2.84%. With the high efficiency, high power, excellent low light performance, high reliability and high bi-faciality of Trinasolar’s i-TOPCon Ultra, power plants generate more electricity, especially during early mornings, late evenings and overcast days. In addition, TrinaTracker SuperTrack intelligent algorithm leverages AI, big data and self-developed algorithms to enhance power generation efficiency.

Besides its state-of-the-art modules, Trinasolar also recently launched the Elementa 2 Pro 5MWh battery energy storage solution for the Australian market. The Elementa 2 Pro builds on the success of Elementa 2, offering even greater efficiency, flexibility, and safety. The Elementa 2 Pro features Trina’s self-developed 314Ah high-performance Trina Cell, supporting 15,000 cycles (up from 12,000 cycles offered in Elementa 2) to significantly extend system lifespan and reduce lifecycle costs, ensuring a higher return on investment for users. It offers enhanced advanced cooling technology, incorporating an intelligent hybrid air-liquid cooling system.

As the only provider in the industry offering an integrated suite of solar solutions, modules, battery energy storage systems (BESS), and trackers, Trinasolar is uniquely positioned to deliver a complete, high-performance energy ecosystem. Trinasolar empowers developers to build more resilient, efficient, and future-ready solar projects, ensuring stable and reliable energy generation in Australia’s challenging weather climate.

For more information on Trinasolar’s innovative solutions, please visit: https://www.trinasolar.com/au/

Swoop partners with STL to upgrade fibre connectivity in Western Australia

MUMBAI, India and SYDNEY, April 9, 2025 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, has partnered with Swoop Holdings Limited to upgrade ~1,000 homes in Western Australia with high-speed Fibre-to-the-Home (FTTH) connectivity. Under this partnership, STL will supply Swoop Infrastructure with state-of-the-art optical networking and connectivity solutions, further strengthening digital infrastructure in the region.

The collaboration builds on Swoop’s acquisition of conduit and fibre assets in Seacrest Estate near Geraldton, Western Australia. It marks a significant step in Swoop’s commitment to expanding its fibre broadband network. This project is led by Swoop’s Head of Infrastructure, Anthony Camilleri, as part of the company’s broader Fibre Broadband strategy for both retail and wholesale services.

STL has a strong track record of enabling network operators to deploy and scale fibre networks with sustainable, high-performance optical solutions. Manufactured at STL’s “Zero Waste to Landfill” certified facilities, these solutions set new industry standards for durability and environmental responsibility.

Through this partnership, STL will support Swoop’s network upgrade with robust Layer-1 optical solutions tailored for brownfield deployments. These include:

  • OptoHaul – A versatile, single-fibre Plug & Play solution for underground, aerial, or direct-buried installations
  • Micro Cables – Slim, high-density fibre cables engineered for underground air-blown installation in microducts. Ideal for last-mile FTTH and access networks, with options for termite-resistant jackets and enhanced tensile strength.
  • Optical Closures – Compact and pre-configured closures (MAX and MicrOTP) designed to streamline installation and minimise space requirements
  • Optical Termination – Rack-mounted splicing and patching shelves (nPTD) with pre-installed splitters and a pivoting tray for ease of installation at Point-of-Presence (PoP) sites

Anthony Camilleri, Head of Infrastructure at Swoop, said: “We’re excited to partner with STL to deliver high-speed, ultra-reliable fibre connectivity to homes in Western Australia. Our goal is to make Swoop Infrastructure, as part of Swoop Holdings, the preferred choice for developers by offering top-tier service and value. With STL’s cutting-edge optical technology, we’re confident in delivering a future ready network that enhances the digital experience for our customers.”

Rahul Puri, CEO of Optical Networking Business at STL, added: “We are thrilled to be working with Swoop, one of Australia’s leading challenger telecom brands, to bring ultra-fast broadband to regional communities. With our comprehensive portfolio of advanced optical solutions, we are enabling Swoop to build a high-performance, reliable network that delivers next-generation connectivity. This project reinforces Swoop’s ongoing investment in regional broadband infrastructure, ensuring communities have access to world-class internet speeds and service quality.”

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks.
Read more | Contact us | stl.tech | Twitter | LinkedIn | YouTube

For more information, contact:

Media Contact
Shaily Rai Sinha
shaily.sinha@stl.tech 

Investor Relations
Vijay Agashe 
investor@stl.tech 

United States, China Clash as Trump Set to Unleash More Tariffs

United States, China Clash as Trump Set to Unleash More Tariffs
TOPSHOT - This photo illustration shows Chinese 100 yuan notes (red) and US 100 dollar notes, in Beijing on April 8, 2025. China vowed on April 8 to "fight to the end" against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets. (Photo by Jade GAO / AFP)

Wondershare Filmora Partners with AMA to Empower Future Marketers Through Creative Video Storytelling

VANCOUVER, BC, April 9, 2025 /PRNewswire/ — As storytelling becomes an essential skill for marketing professionals, Wondershare Filmora, a leading video creativity software, is dedicated to providing easy-to-use yet powerful video editing tools for marketers creating content for various initiatives. As part of Filmora’s Education Supports program, the company has announced its sponsorship of the Instagram Reel Contest at the American Marketing Association’s (AMA) International Collegiate Conference, aiming to inspire students and young marketing professionals to bring their creative video ideas to life.

Wondershare Filmora has announced its sponsorship of the Instagram Reel Contest at the American Marketing Association’s (AMA) International Collegiate Conference.
Wondershare Filmora has announced its sponsorship of the Instagram Reel Contest at the American Marketing Association’s (AMA) International Collegiate Conference.

“The Filmora Education Program is dedicated to amplifying the voices of educators and students,” said Envy, Head of Brand Communications Center at Wondershare. “We’re thrilled to partner with AMA for the International Collegiate Conference. As AI and emerging technologies reshape the industry, this year’s theme, ‘Evolve,’ perfectly reflects the transformation we expect in the coming years.”

Taking place in New Orleans, LA, from April 3–5, 2025, the AMA International Collegiate Conference is a premier event for marketing students, offering expert-led sessions, competitions, and career development opportunities. Centered around the theme “Evolve,” the 2025 conference highlights industry transformation and personal growth, equipping students with the skills and insights needed to thrive in an ever-evolving marketing landscape.

Through its sponsorship of the AMA Instagram Highlight Reel Competition, Filmora encourages attendees to edit and share their conference experiences in engaging video formats. Participants can showcase key insights, learning moments, and networking highlights through creative short-form videos. Exceptional submissions will be awarded a $100 gift card following the event.

Filmora believes that compelling storytelling and visual creativity are crucial for effective marketing. With this in mind, Wondershare Filmora is committed to equipping student marketers with the tools to develop these essential skills. By supporting events like the AMA International Collegiate Conference, Filmora empowers students to turn ideas into captivating visual narratives, giving them a competitive edge in today’s ever-evolving marketing landscape.

About Wondershare Filmora

Launched in 2015, Wondershare Filmora is designed with its user in mind, featuring smoother performance and an intuitive user interface, and has attracted a cumulative global user base of nearly 300 million across 150+ countries and regions.With advanced AI features boosting content generation and editing, over 2.3 million creative assets, commercially available music, 3D LUTs, effects, and pre-set templates, Filmora stands out as a leader in video editing software. Consistently introducing innovative tools, it enhances video creation and makes the process more efficient and accessible for all skill levels.

About Wondershare Technology

Wondershare is a globally recognized software company founded in 2003, known for its innovative solutions in creativity and productivity. Driven by the mission “Creativity Simplified”, Wondershare offers a range of tools, including Filmora, Virbo, and DemoCreator for video editing; PDFelement for document management; EdrawMax, EdrawMind for diagramming; and SelfyzAI, Pixpic, FaceHub for image recovery and editing. With over 1.5 billion users across 200+ countries and regions, Wondershare empowers the next generation of creators with intuitive software and trendy creative resources, continually expanding the possibilities of creativity worldwide.

PayPal’s Xoom partners with Tenpay Global to offer cross-border remittances to Weixin

New collaboration enables convenient and secure remittances to Weixin Pay users in China

SINGAPORE, April 9, 2025 /PRNewswire/ — Starting today, Weixin Pay users can now receive cross-border transfers from Xoom, a PayPal service and a pioneer in digital remittances. This new partnership between Tenpay Global, Tencent’s cross-border payment platform, and Xoom allows Weixin Pay users to receive money directly into their Weixin Pay Wallet Balance or bank accounts linked to Weixin Pay through Xoom or PayPal’s mobile app and website.


Xoom and PayPal users in United States, Canada and Europe can now access reliable and affordable cross-border money transfers to their own or family members’ Weixin Pay accounts, with additional countries to come in the future. Weixin Pay users can receive the funds frictionlessly, typically in as fast as a few minutes, for flexible use within the Weixin app for transfers, top-ups and shopping.

“Xoom has long been known as a fast, easy, inexpensive way to send money to friends and family across borders – and now, being able to send funds to Weixin Pay users from the US, Canada and Europe, we’re continuing to connect users wherever they might be and for what they might need funds for,” said Paul Bances, Vice President of Market Development for Xoom.

“This partnership reaffirms Tenpay Global’s commitment to not only bridging the Weixin ecosystem with the global markets but also enhancing user value through streamlined and secure cross-border remittances. By addressing everyday needs—from family support to daily expenses—we aim to create meaningful value in our users’ lives beyond mere transactions,” said Wenhui Yang, CEO of Tenpay Global (Singapore).

The service is now live and available through the Xoom and PayPal mobile app. Users may also visit Xoom.com or PayPal.com to start the remittance experience.

Xoom or PayPal users in the United States, Canada, and Europe can easily send remittances to Weixin in just a few simple steps.
Xoom or PayPal users in the United States, Canada, and Europe can easily send remittances to Weixin in just a few simple steps.

About Xoom

A pioneer in digital remittances, Xoom is a fast and easy way to send money, pay bills and reload phones for friends and family in approximately 160 countries globally. With Xoom, customers can access a fast and reliable way to send money, by simply downloading the Xoom or PayPal mobile app, or visiting Xoom.com or PayPal.com.

About Tenpay Global

Tenpay Global, the cross-border payment platform of Tencent, is the gateway to seamless cross-border payment solutions for businesses and individuals. Tenpay Global offers scenario-based services for different customer groups, including cross-border consumption, cross-border remittances, and cross-border commerce scenarios. Together with global partners, Tenpay Global is committed to bridging the world’s payment networks with Weixin’s ecosystem in China.