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CPA Australia: Malaysian Small Businesses Urged To Adopt Productivity-enhancing Technologies For Sustained Growth

  • Young business owners drive small businesses in Malaysia
  • Technology adoption remains concentrated in front-end activities
  • Improved access to finance needed for deeper digital transformation

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 7 April 2026 – Innovation, technology and young entrepreneurs continue to power growth among Malaysian small business, but this has yet to translate into sustained improvements in business performance, according to CPA Australia’s Asia-Pacific Small Business Survey findings.

While half of Malaysian small businesses report improved profitability from their technology investments over the past two years, the proportion generating more than 10 per cent of revenue from online sales declined from 74 per cent in 2024 to 62 per cent in 2025.

Digital payment usage has also declined in 2025 with 74 per cent of small businesses receiving more than 10 per cent of their sales through digital payment platforms such as GrabPay, Touch ‘n Go and Boost, compared to 78 per cent in 2024.

Priya Terumalay, CPA Australia’s Regional Head for Southeast Asia, said while government initiatives have helped support technology adoption, these efforts have yet to drive significant uptake of deeper productivity-enhancing technologies, such as artificial intelligence, process automation, data analytics and systems integration.

“Technology investment remains concentrated in computer hardware and customer-facing functions like mobile apps and payments, while structural constraints continue to limit more transformative approaches,” Priya said.

“With cost pressures remaining a persistent challenge compressing margins, policy priorities should focus on addressing structural constraints such as re-orienting digital support towards automation, systems integration, and data use along with support for productivity-enhancing responses rather than short-term relief.”

Businesses making technology investments must include adequate protection measures to minimise cyber risk exposure as 35 per cent of small businesses lost time or money due to a cyber-attack in 2025.

Only 39 per cent reviewed their cybersecurity protections over a six-month period, the second lowest result among the 11 markets surveyed.

Despite the challenges, business sentiment on the Malaysian economy remains positive with 75 percent of small businesses expecting the economy to grow in 2026.

A strong 77 per cent also anticipate business growth this year, although improved access to effective finance, especially for investment will be important to enable deeper digital transformation and build resilience.

“This is particularly crucial for outward-oriented small businesses navigating global supply chain pressures and trade policy uncertainty that could weigh on growth, especially firms integrated into regional supply chains.” Priya said.

About the survey

CPA Australia’s 17th annual Asia-Pacific Small Business Survey was conducted among small business owners/senior managers during November and December 2025 to identify the characteristics of successful small businesses across the region. The findings for the survey come from 4,166 small businesses in 11 markets. From the commencement of the survey in 2009, we have surveyed over 50,000 small businesses across the region. These include Australia, Mainland China, Hong Kong, India, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Taiwan and Vietnam.
Hashtag: #SmallBusiness #CPAAustralia #MalaysiaBusinesses





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

About CPA Australia

CPA Australia is one of the world’s largest professional accounting bodies, with more than 175,000 members in over 100 countries and regions, including more than 21,000 members in Southeast Asia. As we mark our 140th anniversary, we also celebrate 70 years of presence in Malaysia. With offices in Malaysia, Singapore, Indonesia and Vietnam, we are the largest Australian accounting body in the region providing education, training, technical support and advocacy. CPA Australia provides thought leadership on issues affecting the accounting profession and the public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. A CPA is a Certified Practising Accountant. More at

RETOPIA SALON, Founded by Former HYBE Executives Behind BTS’s Global Success, to Hold K-POP Auditions in Sydney, Melbourne, and Brisbane This May, “Searching for Members to Debut in 2027”

SYDNEY, April 7, 2026 /PRNewswire/ — RETOPIA SALON, an entertainment company founded by key former executives from HYBE who played a pivotal role in BTS’s global success, is launching a search for the next generation of K-pop talent in Australia.

RETOPIA SALON, Founded by Former HYBE Executives Behind BTS’s Global Success,  to Hold K-POP Auditions in Sydney, Melbourne, and Brisbane This May,  “Searching for Members to Debut in 2027”
RETOPIA SALON, Founded by Former HYBE Executives Behind BTS’s Global Success, to Hold K-POP Auditions in Sydney, Melbourne, and Brisbane This May, “Searching for Members to Debut in 2027”

The company will host the “2026 RETOPIA SALON GLOBAL AUDITION: AUSTRALIA” across Sydney, Melbourne, and Brisbane this May. The audition schedule is as follows:

  • May 13 – Sydney, IX Dance Studio
  • May 17 – Melbourne, X-Dance Station and O2 KPOP ACADEMY
  • May 19 – Brisbane, XPACE STUDIO BRISBANE
  • May 20 – Gold Coast, YJ DANCE SCHOOL GOLD COAST

Applicants born between 2008 and 2014 are eligible to participate regardless of gender or nationality. Participants may choose one category to audition in: vocal, rap, dance, or acting.

“We aim not only to select the final members of our first boy group set to debut in 2027, but also to discover hidden talent for future girl group projects,” said RETOPIA SALON. “We look forward to passionate applicants from around the world who dream of becoming global stars.”

Beyond Australia, RETOPIA SALON plans to conduct a large-scale global audition tour across 18 cities worldwide, including Japan (Sendai, Okinawa, Osaka, Kyoto, Tokyo, Chiba, Fukuoka), Indonesia (Jakarta, Bandung), Thailand (Bangkok, Chiang Mai), the United States (Los Angeles, Orange County, Honolulu), and Canada (Toronto).

Further details about the auditions can be found via RETOPIA SALON’s official social media channels and local partner academies:
https://www.instagram.com/retopia.salon/

About RETOPIA SALON

RETOPIA SALON is an entertainment company founded by industry leaders who were instrumental in driving BTS’s global success during their time at HYBE. The founding team includes CEO Bang Woo Jung (former Creative Studio Leader at HYBE Media Studio), CCO Kim Serene (former VP of HYBE LABELS JAPAN), and COO Park Jun Soo (former SP at HYBE Original Content Studio).

Leveraging their extensive industry experience and expertise, the company is engaged in artist management and content production. RETOPIA SALON is currently preparing to debut its first boy group in 2027.

The team has also contributed to a range of high-profile content projects, including BTS Jin’s YouTube variety show Run Jin and the Disney+ original series Are You Sure?! Season 2 featuring Jimin and Jung Kook, drawing significant attention both within and beyond the industry.

AZZO Acquires Qubits Energy to Deliver Scalable Energy & Power Management for Data Centers and Other Mission-Critical Facilities

Enhances scalable EPMS capabilities, strengthens hyperscale data center offering, and establishes a strategic foundation for Latin American growth.

  • The deal expands AZZO’s ability to deliver standardized EPMS across multi-site, mission-critical portfolios
  • Qubits Energy brings proven expertise in deploying energy systems for hyperscale data centers and colocation providers
  • Integration with AZZO’s EnergyX® platform creates a unified solution for monitoring, control, and energy optimization
  • The acquisition enhances automation capabilities through AI-enabled engineering and deployment
  • AZZO gains an immediate operational footprint in Latin America via Qubits Energy’s Colombia presence
  • The combined business is positioned to support rapid global growth in data center and digital infrastructure markets
  • The transaction strengthens AZZO’s position in mission-critical infrastructure, where reliability and scalability are essential

NASHVILLE, Tenn., April 6, 2026 /PRNewswire/ — AZZO, a leading energy technology and services company, today announced the acquisition of Qubits Energy, a specialist in Electrical Power Management Systems (EPMS), advanced automation, and energy management solutions for data centers and other mission-critical facilities.

The acquisition expands AZZO’s ability to deliver standardized, high-performance energy management systems across global data center and critical infrastructure portfolios, while establishing a strategic foothold in Latin America.

Qubits Energy, headquartered in Nashville, Tennessee, has built a strong reputation for delivering EPMS across large, distributed environments. Its engineering-led approach enables rapid deployment, consistency across sites, and high operational reliability.

By integrating Qubits Energy’s capabilities into its EnergyX® platform, AZZO will deliver a unified architecture for monitoring, automation, and control across complex energy environments. This integration enhances AZZO’s ability to support customers operating at scale specifically in high-growth sectors such as data centers.

Qubits Energy brings established relationships with hyperscale data center owners and major colocation providers, supporting environments where uptime, scalability, and speed of deployment are critical. These capabilities complement AZZO’s EnergyX® platform and lifecycle services, positioning the combined organization to deliver consistent energy management systems across global portfolios, support rapid expansion of data center infrastructure in North America, and improve operational efficiency and reliability at scale.

The acquisition also provides AZZO with an established operational presence in Colombia, creating a foundation for growth across Latin America, a region experiencing increasing demand for digital infrastructure and energy resilience. This presence enables local engineering and delivery capabilities, supports global customers expanding into LATAM markets, and allows for scalable deployment of EnergyX® solutions across emerging data center hubs.

James DiLiberto, CEO of AZZO, said:

“Data center growth is accelerating globally, driving demand for standardized, scalable energy management solutions. Qubits Energy has demonstrated the ability to deliver these systems across complex, multi-site environments. By combining their expertise with AZZO’s EnergyX® platform and lifecycle services, we can offer a unified solution to support the next generation of mission-critical infrastructure.”

Ivan Ospina, CEO of Qubits Energy, added:

“Joining AZZO enables us to expand our reach and deliver our EPMS and automation capabilities on a global scale. Together, we are well positioned to provide intelligent, standardized energy systems to some of the world’s most demanding data center environments.”

Qubits Energy’s team and solutions will be integrated into AZZO immediately. AZZO plans to accelerate investment in AI-driven automation and mission-critical services within its EnergyX® platform.

About AZZO

AZZO is an energy technology and services company that helps customers manage complex energy ecosystems. With over 20 years of experience, AZZO specializes in microgrids and energy management for critical infrastructure. Its EnergyX® platform provides real-time visibility, control, and analytics to deliver energy resilience, improved economics, and operational flexibility. For more information, please visit www.azzo.com.

About Qubits Energy

Qubits Energy delivers standardized Electrical Power Management Systems (EPMS) for mission-critical facilities, with a focus on multi-site data center environments. Its engineering-led approach and automation capabilities enable consistent, high-performance implementations across global portfolios. For more information, please visit www.qubitsenergy.com.

 

AZZO Acquires Qubits Energy to Deliver Scalable Energy & Power Management for Data Centers and Other Mission-Critical Facilities

Enhances scalable EPMS capabilities, strengthens hyperscale data center offering, and establishes a strategic foundation for Latin American growth.

  • The deal expands AZZO’s ability to deliver standardized EPMS across multi-site, mission-critical portfolios
  • Qubits Energy brings proven expertise in deploying energy systems for hyperscale data centers and colocation providers
  • Integration with AZZO’s EnergyX® platform creates a unified solution for monitoring, control, and energy optimization
  • The acquisition enhances automation capabilities through AI-enabled engineering and deployment
  • AZZO gains an immediate operational footprint in Latin America via Qubits Energy’s Colombia presence
  • The combined business is positioned to support rapid global growth in data center and digital infrastructure markets
  • The transaction strengthens AZZO’s position in mission-critical infrastructure, where reliability and scalability are essential

NASHVILLE, Tenn., April 6, 2026 /PRNewswire/ — AZZO, a leading energy technology and services company, today announced the acquisition of Qubits Energy, a specialist in Electrical Power Management Systems (EPMS), advanced automation, and energy management solutions for data centers and other mission-critical facilities.

The acquisition expands AZZO’s ability to deliver standardized, high-performance energy management systems across global data center and critical infrastructure portfolios, while establishing a strategic foothold in Latin America.

Qubits Energy, headquartered in Nashville, Tennessee, has built a strong reputation for delivering EPMS across large, distributed environments. Its engineering-led approach enables rapid deployment, consistency across sites, and high operational reliability.

By integrating Qubits Energy’s capabilities into its EnergyX® platform, AZZO will deliver a unified architecture for monitoring, automation, and control across complex energy environments. This integration enhances AZZO’s ability to support customers operating at scale specifically in high-growth sectors such as data centers.

Qubits Energy brings established relationships with hyperscale data center owners and major colocation providers, supporting environments where uptime, scalability, and speed of deployment are critical. These capabilities complement AZZO’s EnergyX® platform and lifecycle services, positioning the combined organization to deliver consistent energy management systems across global portfolios, support rapid expansion of data center infrastructure in North America, and improve operational efficiency and reliability at scale.

The acquisition also provides AZZO with an established operational presence in Colombia, creating a foundation for growth across Latin America, a region experiencing increasing demand for digital infrastructure and energy resilience. This presence enables local engineering and delivery capabilities, supports global customers expanding into LATAM markets, and allows for scalable deployment of EnergyX® solutions across emerging data center hubs.

James DiLiberto, CEO of AZZO, said:

“Data center growth is accelerating globally, driving demand for standardized, scalable energy management solutions. Qubits Energy has demonstrated the ability to deliver these systems across complex, multi-site environments. By combining their expertise with AZZO’s EnergyX® platform and lifecycle services, we can offer a unified solution to support the next generation of mission-critical infrastructure.”

Ivan Ospina, CEO of Qubits Energy, added:

“Joining AZZO enables us to expand our reach and deliver our EPMS and automation capabilities on a global scale. Together, we are well positioned to provide intelligent, standardized energy systems to some of the world’s most demanding data center environments.”

Qubits Energy’s team and solutions will be integrated into AZZO immediately. AZZO plans to accelerate investment in AI-driven automation and mission-critical services within its EnergyX® platform.

About AZZO

AZZO is an energy technology and services company that helps customers manage complex energy ecosystems. With over 20 years of experience, AZZO specializes in microgrids and energy management for critical infrastructure. Its EnergyX® platform provides real-time visibility, control, and analytics to deliver energy resilience, improved economics, and operational flexibility. For more information, please visit www.azzo.com.

About Qubits Energy

Qubits Energy delivers standardized Electrical Power Management Systems (EPMS) for mission-critical facilities, with a focus on multi-site data center environments. Its engineering-led approach and automation capabilities enable consistent, high-performance implementations across global portfolios. For more information, please visit www.qubitsenergy.com.

 

Mesabi Metallics Secures $150 Million from Macquarie Group

Latest financing builds on recent capital momentum for structurally important American iron ore project

NASHWAUK, Minn., April 6, 2026 /PRNewswire/ — Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, today announced that it has secured $150 million of financing from Macquarie Group, supporting the Q3 2026 startup of its world-scale Direct Reduction (DR) grade iron ore mine and pellet plant in Nashwauk, Minnesota.

Mesabi Metallics concentrator building
Mesabi Metallics concentrator building

The financing follows Mesabi’s recently announced $520 million senior secured credit facility with Breakwall Capital, further reinforcing the strong momentum behind the project.

Mesabi has also recently received support from the U.S. Export-Import Bank (EXIM), reflecting the project’s growing strategic importance to U.S. manufacturing, infrastructure, automotive, shipbuilding and defense.

Mesabi Metallics is building a strategically important new American source of DR-grade iron ore at a time when the United States is working to strengthen industrial supply chains and reduce reliance on imported raw materials.

Located on more than 16,000 acres in Northern Minnesota, Mesabi Metallics is completing a $2.5 billion world-scale merchant DR-grade iron ore mine and pellet plant that will supply the next generation electric arc furnaces of American steelmaking- the cleanest and most energy efficient way of making high quality steel.

With more than 800 construction workers currently on site, the project is one of the largest private-sector industrial investments in Minnesota’s history. Essar Group has already invested more than $2 billion of equity into the project.

“This financing from Macquarie marks another major step forward for Mesabi Metallics and builds on the strong momentum we have established with our recently announced financial partnerships,” said Joe Broking, President and CEO of Mesabi Metallics. “Together, these transactions reflect growing confidence in the quality, scale and strategic importance of our project as we build a new American source of DR-grade iron ore to strengthen domestic steel supply chains and reduce dependence on imports.”

“Macquarie has enjoyed a longstanding financing relationship with Essar Group, and we are pleased to extend that relationship to their metals and mining investments in the US,” said Mike Burns, Senior Managing Director in Macquarie Group’s Commodities and Global Markets business. “Mesabi is developing a high-quality and strategically important project for the U.S. steel sector, and we look forward to supporting the company over the long term.”

About Mesabi Metallics Company LLC 

Mesabi Metallics Company LLC, an Essar Group company, is constructing a state-of-the-art mine and Direct Reduction (DR) grade iron ore pellet plant to produce premium DR grade pellets on over 16,000 acres in Nashwauk, Minnesota. Once completed, it will be the first new mine and pellet plant in Minnesota in almost 50 years. Mesabi’s DR grade iron ore pellets will be strategically positioned to meet the demand of the Electric Arc Furnace market, ensuring supply chain security for DR grade iron pellets in the United States and replacing foreign imported pellets. The endeavor is one of the largest private sector investments in Minnesota. Mesabi Metallics has already invested over $2.2 billion into the project.

 

A New Era of Sports Broadcasting: Galaxy S26 Ultra Unlocks New Perspectives, Bringing Cameras Inside the Action

Capturing new angles like never before, Galaxy S26 Ultra’s broadcast-ready capture transforms how skateboarding is filmed, experienced and delivered in real time

LOS ANGELES, April 6, 2026 /PRNewswire/ — Samsung Electronics Co., Ltd., a global partner of Street League Skateboarding (SLS) today announced that Galaxy S26 Ultra was used to film live Street League Skateboarding (SLS) competition for the first time when it captured the SLS DTLA Takeover on April 4. Galaxy S26 Ultra’s pro-grade camera redefines the role of mobile devices in sports, delivering a fresh visual experience of skateboarding that reflects the intensity of the sport itself.

Samsung Galaxy S26 Ultra POV captures new perspectives at SLS DTLA Takeover on April 4, 2026 (Photo courtesy of Getty Images / Samsung).
Samsung Galaxy S26 Ultra POV captures new perspectives at SLS DTLA Takeover on April 4, 2026 (Photo courtesy of Getty Images / Samsung).

Sports broadcasting is evolving, bringing fans closer to the experience by moving cameras closer to the action. Samsung is driving this shift with the Galaxy camera system and its ability to operate at broadcast-level performance through the pairing of connectivity and mobility. Earlier this year, Galaxy flagship device was used to stream Opening Ceremony of the Olympic Winter Games Milano Cortina 2026, where Samsung worked alongside Olympic Broadcasting Services (OBS) to embed Galaxy devices throughout the venue at one of the world’s largest sports stages. The result was a new layer of visual storytelling, capturing dynamic perspectives that complemented traditional broadcast coverage. These capabilities extended to the Galaxy Unpacked 2026, showcasing its ability to deliver professional-grade video capture and transmission.

Now, Samsung is helping lead this transformation within skateboarding competitions by embedding Galaxy S26 Ultra directly into key course features — including rails, ledges and gaps — across the entire SLS 2026 season, fully scaling the Galaxy POV first introduced at the 2026 SLS Sydney stop.

“Mobile innovation is opening new possibilities for how sports are captured and experienced,” said Joshua Cho, Executive Vice President and Head of the Visual Solution Team, Mobile eXperience (MX) Business at Samsung Electronics. “At Milano Cortina we demonstrated how Galaxy technology can complement traditional broadcast systems. With Street League Skateboarding, we’re bringing that same approach directly into the course with our newest, most advanced device camera, and using mobile POV to capture skateboarding from entirely new perspectives.”

Embedded throughout the course, the devices provide skater-level perspectives, offering angles that traditional broadcast systems often cannot capture. This footage feeds directly into the live production workflow, enabling near-instant replay and offering viewers a fresh visual experience that reflects the intensity of the sport itself.

From speed to the precision of every landing, skateboarding is defined by details that are often lost from a distance. With mobile cameras placed directly inside the course, Samsung is reimagining how the sport is experienced, bringing fans closer to each mid-air movement, board flip and landing. These new perspectives offer deeper insight into technique, timing and control, while strengthening the connection between fans, the sport and the athlete.

Featuring Samsung’s most advanced mobile imaging system to date, Galaxy S26 Ultra is designed to perform in fast-moving, unpredictable environments, much like the athletes themselves. It delivers professional-grade camera performance and high-quality footage across a wide range of shooting conditions with enhanced stabilization, intelligent processing and the ability to maintain clarity in low-light or high-speed conditions. This allows it to operate alongside conventional cameras while maintaining clarity, stability and detail within spaces traditional broadcast cameras cannot easily access.

The placement of Galaxy S26 Ultra devices follows the rhythm and flow of each run, revealing the style, speed and precision of each trick from within the course itself. Galaxy features also extend the creative possibilities of production. Features such as Super Steady with horizontal lock stabilization help maintain smooth, level footage even during high-speed motion, while Instant Slow-Mo enables detailed replay of tricks as they happen. Together, these capabilities allow production teams to capture skateboarding with greater clarity, stability and proximity — showcasing the precision, style and technical skill behind every movement.

“Skateboarding is reaching more people than ever before, especially as the sport continues to grow on the global stage,” said Brett Clarke, Chief Revenue Officer at Thrill Sports, the parent company of Street League Skateboarding. “Collaborations like the one we have with Samsung help us evolve how the sport is shared with fans while staying true to the creativity and culture that define skateboarding.”

The debut of Galaxy S26 Ultra POV integration at the SLS DTLA Takeover signals where sports broadcasting is heading next. As the SLS Championship Tour continues, Samsung will continue exploring how mobile technology can evolve into versatile broadcast tools. Looking ahead to major global sporting events and the road to Los Angeles 2028, this shift suggests a future in which the boundary between smartphone camera and broadcast camera continues to disappear, bringing fans closer to the action.

About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, digital signage, smartphones, wearables, tablets, home appliances and network systems, as well as memory, system LSI and foundry. Samsung is also advancing medical imaging technologies, HVAC solutions and robotics, while creating innovative automotive and audio products through Harman. With its SmartThings ecosystem, open collaboration with partners, and integration of AI across its portfolio, Samsung delivers a seamless and intelligent connected experience. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

About Street League Skateboarding
Since its inception in 2010, Street League Skateboarding (SLS) has propelled street skateboarding from a collection of independent standalone events to a renowned global series. As pioneers of street skateboarding’s premium qualification system and competition format, SLS offers an amateur-to-professional pathway and creates thrilling live events across the globe. The SLS Championship Tour is recognized as the world’s premier professional street skateboarding competition. Events take place on custom-built, one-of-a-kind, SLS-certified plazas in major cities around the world, with the best in the sport competing for the highest stakes. For more information, visit StreetLeague.com.

Samsung Galaxy S26 Ultra POV captures new perspectives at SLS DTLA Takeover on April 4, 2026 (Photo courtesy of Getty Images / Samsung).
Samsung Galaxy S26 Ultra POV captures new perspectives at SLS DTLA Takeover on April 4, 2026 (Photo courtesy of Getty Images / Samsung).

 

Men's top three finishers, including Jagger Eaton (L), take a Victory Selfie with the Samsung Galaxy S26 Ultra after competing at the SLS DTLA Takeover on April 4, 2026 (Photo courtesy of Getty Images / Samsung).
Men’s top three finishers, including Jagger Eaton (L), take a Victory Selfie with the Samsung Galaxy S26 Ultra after competing at the SLS DTLA Takeover on April 4, 2026 (Photo courtesy of Getty Images / Samsung).

 

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NYSE Content Update: Join Us and 6,500+ Attendees at Marquee AI Event HumanX

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, April 6, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

AI event HumanX kicks off today in San Francisco.

Kristen Scholer delivers the pre-market update on April 6th

  • Equities rise Monday morning after a report indicates a push towards a ceasefire with Iran.
  • The NYSE is partnering with leading AI conference HumanX at the Moscone Center in San Francisco this week and will have Ashley Mastronardi on the ground speaking to those transforming the space.
  • James Foster, Chairman, President, and CEO of Charles River Laboratories (NYSE: CRL) will join NYSE Live to speak about his legacy of transformation.
  • Three-time Olympic gold medalist Mikaela Shiffrin had an NYSE Bell moment on Thursday, ringing the Closing Bell to wrap up her most successful season yet.  

Opening Bell
Charles River Laboratories (NYSE: CRL) celebrates Jim Foster’s 50-year career

Closing Bell
Wichita State University commemorates its 100th year.

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

Alpine skiing phenom Mikaela Shiffrin rang the NYSE bell.
Alpine skiing phenom Mikaela Shiffrin rang the NYSE bell.

 

 

Crypto Rails, Fiat Familiarity: Bybit Launches “Send Money” Feature to Simplify Global Transfers

DUBAI, UAE, April 6, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today unveiled Send Money, a revolutionary payment solution for Bybit’s global users. The new feature enables users to send money with the speed and efficiency of blockchain technology, while recipients receive funds in their local fiat currency with the certainty and convenience they expect.

Better Infrastructure, Better Experience

By leveraging crypto rails in the background while maintaining a fiat-forward user experience, Bybit’s Send Money feature delivers transfers that typically complete within minutes to a few hours.

Currently supporting USD, ARS, and select crypto transfers for eligible users in Argentina, users can use Bybit Pay to send fiat and crypto across the supported network. The feature addresses a critical gap in remittance experience, offering rapid money transfers at zero or low cost:

  • Zero transaction fees for ARS: Recipients receive the full amount.
  • Competitive rates for USD transfers: USD remittance is also supported at low costs.
  • Seamless off-ramp: Money arrives instantly in users’ Bybit Funding Accounts, enabling simple off-ramp experiences through spending or withdrawals.

“We believe financial technology should work for everyone, not just cryptocurrency enthusiasts. In many scenarios, remittance and payments remain unnecessarily complex, expensive, and slow for millions of people worldwide,” said Sophie Chen, Head of Marketing, Payment Business Unit at Bybit. “Send Money essentially moves crypto and fiat assets on-chain with instant finality, without compromising on traditional currency familiarity.”

How to Use Bybit Send Fiat

The feature streamlines near-instant transfers into four quick steps:

  1. Choosing a recipient: Sender enters recipient details in Bybit Pay.
  2. Entering the amount: Specifying the transfer amount in supported fiat or crypto currencies.
  3. Confirmation: Complete pricing information is displayed before sender confirmation.
  4. Simple off-ramp: Recipients can pay ARS directly from Bybit Pay with QR codes at supported merchants, or withdraw ARS to their local bank accounts.

Bybit Send Money makes blockchain-powered transfers accessible to mainstream audiences, with no digital asset know-how required.

Financial Inclusion on the Fast Track

Send Money underscores Bybit’s continued commitment to democratizing access to efficient financial services and refining user experience. Through innovation and upgrades designed to enhance the digital asset journey, Bybit continues to bridge the gap between traditional financial services and blockchain innovation.

Terms and conditions apply. Eligible transfers will be facilitated at zero fees, but foreign exchange spreads may still apply. For additional information about Send Money, including detailed fee structures, eligibility, and participation requirements, users may visit: Introducing Bybit Send Money: Send crypto, get ARS instantly

#Bybit / #TheCryptoArk / #IMakeIt

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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