Digital finance – UK Digitala http://ukdigitala.com/ Fri, 27 Aug 2021 08:03:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ukdigitala.com/wp-content/uploads/2021/06/icon-2021-06-29T121704.452-150x150.png Digital finance – UK Digitala http://ukdigitala.com/ 32 32 Wesfarmers sees online sales jump 57% after digital push https://ukdigitala.com/wesfarmers-sees-online-sales-jump-57-after-digital-push/ https://ukdigitala.com/wesfarmers-sees-online-sales-jump-57-after-digital-push/#respond Fri, 27 Aug 2021 07:33:00 +0000 https://ukdigitala.com/wesfarmers-sees-online-sales-jump-57-after-digital-push/ The brands owned by Wesfarmers Bunnings, Kmart Group, Officeworks and Catch.com.au delivered strong results during the year, totaling $ 3.3 billion in online sales alone. In the company’s 2021 annual results, CEO Rob Scott said Wesfarmers saw a 57% increase in online sales as it bolstered its “digital capabilities.” “We continue to view our digital […]]]>

The brands owned by Wesfarmers Bunnings, Kmart Group, Officeworks and Catch.com.au delivered strong results during the year, totaling $ 3.3 billion in online sales alone.

In the company’s 2021 annual results, CEO Rob Scott said Wesfarmers saw a 57% increase in online sales as it bolstered its “digital capabilities.”

“We continue to view our digital operations as complementary to our in-store offering, with many customers benefiting from this omnichannel experience,” he said on Friday.

As part of this digital push, the retail giant is accelerating the development of a “data and digital ecosystem” to “deliver more transparent and personal experiences” to customers.

She recently appointed Australia Post Executive Managing Director Nicole Sheffield to lead the initiative in the newly created role of Managing Director of Digital and Digital Development.

“To support this initiative, we plan to invest in operating expenses of approximately $ 100 million over the next 12 months,” Scott said.

He added that “the wider investment around [the digital] ecosystem concerns in particular interfaces and customer data flows ”.

“Some of the additional features and improvements we are thinking of [of investing in] are going to be important for the future, ”he said.

Bunnings chief executive Michael Schneider said the brand has also taken “huge steps, not only in terms of technology and infrastructure, but also in terms of the quality of the technology.”

He highlighted projects such as the Bunnings Orientation App and the PowerPass App that have been launched over the past year.

Schneider also said its “click-and-deliver” service was under “a certain degree of pressure due to demand” after drivers were ordered to quit under Covid-19 restrictions.

However, he remains confident in Bunnings’ online competence to switch operations to a full digital experience if needed.

“In the Victoria regional area last week we got two hours’ notice to go from full open to 100% online for retail and the team did an amazing job so I think the models have been well established, that’s understood, “he said.

All of Sydney’s major stores have gone 100% online for retail this week to help ‘reduce movement’ during Covid-19.

Kmart Group, including Marketplace Catch, has been the primary contributor to Wesfarmers’ e-commerce success, with total online sales reaching $ 1.9 billion during the year.

Almost 50% of Kmart and Target’s online sales were made through “click and collect” features.

Wesfarmers CFO Anthony Gianott told investors that “continued investments in data and digital initiatives across the group” have helped push the company’s total capital expenditure to $ 896 million in the year. in fiscal year 21, an increase of 3.3% over the previous year.

“For fiscal 2022, we expect the group’s net capital spending to be between $ 1 billion and $ 1.25 billion,” he said.

Wesfarmers reported statutory after-tax net income of $ 2.38 billion and total group revenue of $ 33.9 billion, up 10% from the same period last year.

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Visa buys CryptoPunk NFT as it tests digital commerce space https://ukdigitala.com/visa-buys-cryptopunk-nft-as-it-tests-digital-commerce-space/ https://ukdigitala.com/visa-buys-cryptopunk-nft-as-it-tests-digital-commerce-space/#respond Tue, 24 Aug 2021 04:22:45 +0000 https://ukdigitala.com/visa-buys-cryptopunk-nft-as-it-tests-digital-commerce-space/ Visa has announced that it has purchased the CryptoPunk 7610 NFT as it marks its first foray into the NFT space in what it sees as a test of this industry and its entry into digital commerce. For those who haven’t been exposed to the crypto ecosystem, this might come as a big surprise as […]]]>

Visa has announced that it has purchased the CryptoPunk 7610 NFT as it marks its first foray into the NFT space in what it sees as a test of this industry and its entry into digital commerce.

Visa

For those who haven’t been exposed to the crypto ecosystem, this might come as a big surprise as it’s hard to see why Visa, a company mainly dealing in cards, would want to buy an NFT which is essentially considered a collectible. digital. But for Visa chief crypto Cuy Sheffield, it seems a natural progression as he believes NFTs would shape the future of retail, social media and e-commerce. But for speculators, it is one more in the list of instruments that they will be able to inflate in the months to come.

Visa has finalized the purchase of the NFT to understand the infrastructure and other requirements for the secure purchase and storage of NFTs and would look for ways to leverage NFTs and also consider how the company can integrate in such a way. seamless NFT shopping experience for its customers in the future.

Cuy said the company facilitates commerce and anything that leads to business transactions would be of interest to Visa. With NFTs gaining traction in recent months, with sales exceeding $ 1 billion last month, it is clear that the future will bring much more transaction volume to the NFT space and Visa would like to be a part of. this commitment and ensuring smooth operation and reliable transactions also occur in the NFT space.

Cuy issued a note of caution and said he was not sure NFT would become mainstream and that it was more of a business decision for the company to see how the entire NFT cycle works so that it can be ready for transactions. in this space as it grows. It is indeed a bit surprising that the NFT space has garnered so much attention in such a short time, but it could also be risky as more and more businesses are entering this space and some of them may not. not have a clear understanding of the industry. Already, there have been reports of companies issuing NFTs without following required security protocols, which could result in losses for retail traders who would be drawn into this space outside of FOMO. There is no regulation or oversight on NFTs from any company yet and it could be dangerous in the coming months, especially for retail traders.

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Paytm, HDFC Bank in the context of payments https://ukdigitala.com/paytm-hdfc-bank-in-the-context-of-payments/ https://ukdigitala.com/paytm-hdfc-bank-in-the-context-of-payments/#respond Sun, 22 Aug 2021 17:40:21 +0000 https://ukdigitala.com/paytm-hdfc-bank-in-the-context-of-payments/ Major Fintech Paytm and the country’s largest private bank HDFC Bank Ltd have entered into a strategic partnership to provide financial solutions to end consumers and merchants across India. Merger of HDFC Bank’s credit reporting network, products and capabilities and Patym’s technology platform will accelerate digital transformation in semi-urban and rural India, while attracting more […]]]>

Major Fintech Paytm and the country’s largest private bank HDFC Bank Ltd have entered into a strategic partnership to provide financial solutions to end consumers and merchants across India.

Merger of HDFC Bank’s credit reporting network, products and capabilities and Patym’s technology platform will accelerate digital transformation in semi-urban and rural India, while attracting more people to the channels formal banking, the two companies said.

The strategic partnership with the country’s largest private bank precedes Paytm’s proposed initial public offering (IPO), through which the company plans to increase ??16,600 crore before the end of the calendar year.

The strategic partnership will see the two institutions launch innovative products in digital payments, loans and point-of-sale (POS) solutions.

Paytm and HDFC Bank will build complete solutions for payment gateways, point-of-sale machines and credit products, including Paytm Postpaid, which is a Buy Now Pay Later (BNPL) solution, Eazy EMI and Flexi Pay, have declared the companies.

The first stage of the partnership will include a payment gateway and point of sale solutions for Indian merchant partners. HDFC Bank will be the payment partner, while Paytm will be the distribution and software partner.

HDFC Bank will foster partnerships with merchants across India, to whom Paytm will offer its existing line of Android POS devices. HDFC Bank vendors will start selling Paytm payment solutions in the marketplace.

Paytm and HDFC Bank will also jointly launch a co-branded point-of-sale product in the retail segment, which Paytm will have the opportunity to offer to its own customers.

“Together, we aim to provide innovative digital lending and payment solutions to consumers and merchants. This partnership will strengthen the financial services ecosystem by bringing together our technology and digital solutions and the retail and credit prowess of HDFC Bank, ”said Bhavesh Gupta, CEO of Paytm Lending.

Paytm has more than 333 million users and 21 million merchants on its platform. HDFC Bank has over 50 million credit and debit card customers.

“Through this partnership, we will also jointly deliver improved SmartHub solutions. We think this is the start of a great partnership, ”said Parag Rao, Group Head, Payments, Consumer Credit, Digital and IT Banking, HDFC Bank.

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The yuan will play the role of “anchor” of the world currency: a Chinese financial expert https://ukdigitala.com/the-yuan-will-play-the-role-of-anchor-of-the-world-currency-a-chinese-financial-expert/ https://ukdigitala.com/the-yuan-will-play-the-role-of-anchor-of-the-world-currency-a-chinese-financial-expert/#respond Wed, 11 Aug 2021 06:00:00 +0000 https://ukdigitala.com/the-yuan-will-play-the-role-of-anchor-of-the-world-currency-a-chinese-financial-expert/

BEIJING – China is expected to overtake the United States as the world’s largest economy as early as 2030 and is striving to raise the international stature of its currency to a level worthy of the country’s economic strength. As part of its efforts, China is stepping up its promotion of central bank digital currencies.

Sun Lijian, professor of finance at China’s Fudan University, argues that the dollar is losing its ability to serve as an anchor for other currencies due to its volatility in the currency market. In a recent interview with the Nikkei, Sun said, “If the dollar alone cannot act as an anchor, the renminbi (yuan), as well as the Japanese yen, can also take responsibility as a factor. stabilization of the international monetary system. “But he also stressed that he didn’t think the yuan would replace the dollar as the predominant world currency.

Sun predicts that cross-border yuan transactions will grow thanks to China’s free trade zones and the Belt and Road Initiative, a massive international infrastructure-building campaign led by Beijing. He also argues that promoting the digital economy will help raise the international status of the yuan.

Edited excerpts from the interview follow.

Q: The COVID-19 pandemic has brought about sweeping changes in the global economic landscape, including those related to the currency market. What are the implications of these changes?

A: The pandemic has again raised an old problem. Since the value of the dollar, the dominant international currency, fluctuates greatly, the value of foreign exchange reserves of creditor countries like China and Japan also fluctuates greatly.

In the past, the dollar was a global public good with the ability to stabilize the values ​​of various currencies just like gold. But the United States let its currency cease to play this role and began to prioritize domestic policy challenges. Changes in the value of the dollar could harm the interests of other countries. China wants to avoid such damage to its national interests.

Q: Transactions denominated in yuan have increased in recent years, especially in Asia and Africa. What is fueling this growth?

A: Sudden changes in the value of the dollar increase the costs of trade and investment. This could threaten the stability of financial systems in emerging countries. It is necessary to establish a new anchor to stabilize the value of currencies.

Let me stress this: we do not believe at all that the renminbi will ever replace the dollar as the predominant world currency. If the dollar on its own cannot act as an anchor, the renminbi, along with the Japanese yen, can also do the job, acting as a stabilizing factor for the international monetary system.

Q: How do you see the future of the yuan? Will it become a major international currency?

A: The internationalization of the renminbi will depend on how China promotes market economy principles through the reform and liberalization of its financial markets. Cross-border renminbi transactions will increase thanks to national free trade zones and the Belt and Road initiative.

Japan has tried to internationalize the yen in the past, but mainly through the government’s official development assistance program. Its aid to other countries was not sufficient to internationalize the currency. Even Japanese global companies for the most part continued to use the dollar for their international transactions, as they realized that the internationalization of the yen had reached its limits. Progress in the internationalization of the renminbi will depend on the growth of its use in international market transactions.

Q: This would force China to further ease, if not eliminate, restrictions on foreigners’ access to its financial markets. Is Beijing ready to do it?

A: The opening of Chinese financial markets to foreign capital must be consistent with efforts to stabilize the currency. One of the main concerns is the possibility that rapid liberalization of [China’s] financial markets could lead to a situation where US interest rate hikes trigger rapid outflows of foreign funds from the Chinese government bond market and cause serious turmoil in the country’s financial system.

Q: Will the spread of digital payments boost the use of the yuan around the world?

A: It is a tall order to challenge the dollar for global hegemony in existing financial networks. This is why China is aiming for the growth potential of the digital economy. It will be a boon to China’s efforts to raise the international status of the renminbi.

The digital economy has greatly reduced transaction costs. This means that low income people can buy more goods and services with the same income. There is a strong latent demand for goods and services among low-income people in developing countries. This is why China is promoting the use of QR codes for renminbi payments as part of its Digital Silk Road initiative. China is also benefiting from its massive investments in the distribution network that underpins the digital economy as part of its policy response to the economic slowdown following the bankruptcy of Lehman Brothers (in 2008).

Q: Will the digital renminbi give China a head start in its pursuit of leadership in global payments networks?

A: Leadership is not something you can get by pursuing it. It will require constant efforts to promote market principles, including reform and liberalization of financial markets. This is also true with the dollar, the predominant currency today. The strong economic growth of the United States and the high liquidity of US government bonds increased the dollar’s share in international payments, and as a result, the United States became the leader of the international financial system. It didn’t happen because the United States wanted it to.

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APOLLO Insurance partners with RATESDOTCA to offer their clients access to integrated digital insurance https://ukdigitala.com/apollo-insurance-partners-with-ratesdotca-to-offer-their-clients-access-to-integrated-digital-insurance/ https://ukdigitala.com/apollo-insurance-partners-with-ratesdotca-to-offer-their-clients-access-to-integrated-digital-insurance/#respond Tue, 10 Aug 2021 18:00:00 +0000 https://ukdigitala.com/apollo-insurance-partners-with-ratesdotca-to-offer-their-clients-access-to-integrated-digital-insurance/ VANCOUVER, British Columbia, August 10, 2021– (BUSINESS WIRE) – APOLLO Insurance Solutions Ltd. (“APOLLO Insurance”), Canada’s leading online insurance provider, has partnered with RATESDOTCA to deliver immediate digital insurance products, specially tailored to the millions of Canadians who use their website each year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210810005754/en/ APOLLO […]]]>

VANCOUVER, British Columbia, August 10, 2021– (BUSINESS WIRE) – APOLLO Insurance Solutions Ltd. (“APOLLO Insurance”), Canada’s leading online insurance provider, has partnered with RATESDOTCA to deliver immediate digital insurance products, specially tailored to the millions of Canadians who use their website each year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210810005754/en/

APOLLO Insurance and RATESDOTCA partnership (Graphic: Business Wire)

Launched in 2019, APOLLO Insurance now offers the largest selection of online insurance in Canada, through brokers and integrated partnerships like this one. With APOLLO, consumers can get a quote and purchase insurance in five minutes, from any device, 24/7. RATESDOTCA has become the first fare comparison website in Canada that offers a fast and easy digital experience.

“RATESDOTCA offers its clients a wide selection of insurance products, ensuring they have access to the best rates,” said Josh Pillsbury, vice president of partnerships at APOLLO. “With this partnership, APOLLO and RATESDOTCA will offer users a fully digital experience, while providing the hyper personalized service that every user deserves.”

Launched in 1999, RATESDOTCA offers a simple and fast digital experience to compare the widest selection of insurance and monetary products on the market. Over 8 million Canadians rely on RATESDOTCA each year for better rates on cars, homes, travel insurance, mortgages and credit cards. Customers saved an average of $ 676 on auto insurance by choosing RATESDOTCA. RATESDOTCA is all about helping Canadians make better insurance and money decisions so they can save time and money to spend on what really matters to them.

“We’re committed to helping Canadians make better insurance decisions, saving them time and money. That’s why we’re thrilled to partner with APOLLO to provide consumers with a seamless, fully digital shopping experience, ”said Sara Kesheh, Vice President, Finance and Corporate Partnerships. .

APOLLO’s proprietary technology platform, APOLLO Exchange, processes insurance business in real time and leverages extensive data and sophisticated algorithms to build quotes, collect payments, create and deliver policies. Thousands of types of small businesses and individuals can buy online without human intervention.

About APOLLO Assurance

APOLLO is the leading online insurance provider in Canada. Our proprietary platform, APOLLO Exchange, enables insurance agents and their clients to purchase their policy immediately, from anywhere, on any device, 24/7.

Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to establish quotes, collect payments, and issue policies for thousands of types of small businesses and individuals without human intervention.

Through traditional agents and integrated financial partnerships, APOLLO redefines insurance distribution. For more information visit: https://apollocover.com/

About RATESDOTCA

RATESDOTCA was launched in 1999 and has grown to become the first rate comparison website in Canada that offers a fast and simple digital experience to compare the widest selection of insurance and money market products on the market. In the last quarter of 2020, RATESDOTCA was rebranded, giving it a fresh, modern and Canadian identity while combining family comparison sites, including Kanetix.ca and RateSupermarket.ca, into one brand. This move has centralized the best comparison products in the insurance and money product lines.

Each year, more than 8 million Canadians rely on RATESDOTCA for better rates on auto, home and travel insurance, mortgages and credit cards. RATESDOTCA is all about helping Canadians make better insurance and money decisions so they can save time and money to spend on what really matters to them. For more information visit: https://rates.ca/

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210810005754/en/

Contacts

David Dyck, Vice President of Marketing and Public Relations
APOLLO insurance
(778) 917-9667
david@apollocover.com

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Digital asset banking startup Greengage raises £ 2.5million https://ukdigitala.com/digital-asset-banking-startup-greengage-raises-2-5million/ https://ukdigitala.com/digital-asset-banking-startup-greengage-raises-2-5million/#respond Mon, 09 Aug 2021 08:00:52 +0000 https://ukdigitala.com/digital-asset-banking-startup-greengage-raises-2-5million/ Greengage, which plans to become the premier digital asset investment bank, today announced the addition of its first institutional investment receiving a £ 2.5million commitment from the Gibraltar-based holding company, IOVlabs. This latest investment will support Greengage’s continued expansion, technological developments and team growth, including the hiring of a new CFO, Operations Manager, Compliance Officer […]]]>

Greengage, which plans to become the premier digital asset investment bank, today announced the addition of its first institutional investment receiving a £ 2.5million commitment from the Gibraltar-based holding company, IOVlabs.

This latest investment will support Greengage’s continued expansion, technological developments and team growth, including the hiring of a new CFO, Operations Manager, Compliance Officer and Head of Money Laundering Reporting. ‘silver.

As a long-standing digital finance investor and builder, IOVlabs is an ideal partner for Gibraltar-based company Greengage. IOVlabs’ vision of creating socially responsible and inclusive financial technology tools aligns closely with Greengage’s own mission, including its goal of supporting the expansion of B2B lending to underserved markets such as SMEs. Greengage will support RSK Blockchain’s smart contract platform and RSK Infrastructure Framework (RIF), which provides the building blocks of a fully decentralized economy.

Commenting on the investment, Sean Kiernan, CEO of Greengage, said: “IOVlabs has long been recognized in Gibraltar – and the world – as one of the leading pioneers in the world of digital finance. Their team combines deep technological expertise with a vision to build a valuable Internet that offers greater financial freedom and is open to all ”. He continued, “We are delighted to have an institutional investor of this caliber and to explore together the future possibilities of cryptocurrencies, digital identity and clean and decentralized finance developed on top of the major platforms- RSK blockchain and RSK Infrastructure Framework forms. We look forward to leveraging this investment to bring innovative new financial services solutions to market. ”

Diego Gutierrez Zaldivar, CEO of IOVlabs, said: “We are delighted to partner with Greengage and join them in making a key contribution to building a more equitable and decentralized financial system. We are excited to be a part of the growth of their strong digital banking platform, which uses cutting-edge technologies to facilitate profitable transactions for underserved SMEs in the traditional currency and crypto-asset markets ”.

Greengage is currently in the regulatory approval process with the GFSC to receive a banking license in Gibraltar.

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UK’s Standard Chartered to Offer Crypto Brokerage Services in Ireland – Finance Bitcoin News https://ukdigitala.com/uks-standard-chartered-to-offer-crypto-brokerage-services-in-ireland-finance-bitcoin-news/ https://ukdigitala.com/uks-standard-chartered-to-offer-crypto-brokerage-services-in-ireland-finance-bitcoin-news/#respond Sun, 08 Aug 2021 16:05:02 +0000 https://ukdigitala.com/uks-standard-chartered-to-offer-crypto-brokerage-services-in-ireland-finance-bitcoin-news/ Zodia Custody, the crypto brokerage firm of Standard Chartered Bank, plans to offer its services to institutional investors in Ireland, Irish daily Independent reported on Sunday. The company operates as an exchange and brokerage for cryptocurrencies and other digital assets. Standard Chartered to provide crypto custody to institutions in Ireland The joint venture specializes in […]]]>

Zodia Custody, the crypto brokerage firm of Standard Chartered Bank, plans to offer its services to institutional investors in Ireland, Irish daily Independent reported on Sunday. The company operates as an exchange and brokerage for cryptocurrencies and other digital assets. Standard Chartered to provide crypto custody to institutions in Ireland

The joint venture specializes in managing investments in digital and crypto assets for financial institutions. It has already onboarded a number of pilot clients since its launch in December 2020. The new entity has applied for registration with the UK’s Financial Conduct Authority (FCA).

The crypto custodian platform was formed late last year by UK bank subsidiary SC Ventures and US wealth and asset management firm Northern Trust. Both parent companies have already invested heavily in blockchain services in recent years, the newspaper noted.

According to a statement released at the time, Zodia will provide custody services for a number of cryptocurrencies such as bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ripple (XRP). ) and litecoin (LTC). Standard Chartered motivated its decision to create the platform with growing institutional interest in digital currencies while noting that institutions only accounted for 9% of crypto investments.

In June of this year, the British banking giant announced that its branch SC Ventures was setting up a cryptocurrency exchange and brokerage service in partnership with BC Technology Group, an investment firm specializing in digital assets, which operates out of Hong Kong. The aim is to provide institutional and corporate clients with access to cryptocurrencies such as bitcoin (BTC) and ethereum (ETH).

Thanks to its friendly business climate, the Republic of Ireland has become a European base for financial institutions and fintech companies. These include Bank of New York Mellon, which launched a “digital innovation hub” in Dublin in May, and financial technology firm Blockdaemon, backed by Goldman Sachs, which has an office in Galway.

The country, which is an EU Member State, offers unhindered access to the Union’s common market. A number of companies in the cryptocurrency industry, including well-known names such as the Kraken digital asset exchange, have established a presence there as well.

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Do you think Ireland is becoming a European crypto hub? Tell us in the comments section below.

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UNIASSELVI, a subsidiary of Vitru, receives authorization to offer digital undergraduate nursing education https://ukdigitala.com/uniasselvi-a-subsidiary-of-vitru-receives-authorization-to-offer-digital-undergraduate-nursing-education/ https://ukdigitala.com/uniasselvi-a-subsidiary-of-vitru-receives-authorization-to-offer-digital-undergraduate-nursing-education/#respond Fri, 06 Aug 2021 20:16:00 +0000 https://ukdigitala.com/uniasselvi-a-subsidiary-of-vitru-receives-authorization-to-offer-digital-undergraduate-nursing-education/ FLORIANÓPOLIS, Brazil, August 06, 2021 (GLOBE NEWSWIRE) – Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that the Brazilian Secretariat for the Regulation and Supervision of Higher Education (Secretaria de Regulação and Supervisão do Ensino Superior) issued Ordinance number 802 on August 5, 2021, relating to the completion of legal and regulatory procedures of the […]]]>

FLORIANÓPOLIS, Brazil, August 06, 2021 (GLOBE NEWSWIRE) – Vitru Limited, or Vitru (Nasdaq: VTRU), today announced that the Brazilian Secretariat for the Regulation and Supervision of Higher Education (Secretaria de Regulação and Supervisão do Ensino Superior) issued Ordinance number 802 on August 5, 2021, relating to the completion of legal and regulatory procedures of the Brazilian Ministry of Education (Ministry of Education) to authorize Uniasselvi to offer a digital undergraduate nursing course.

Uniasselvi obtained the highest possible mark (concept 5) in the authorization process and is therefore authorized to offer the course to 11,100 students per year.

The latest data released by the MEC on undergraduate nursing showed that in 2019, 252,000 students were enrolled in private nursing courses on campus, or about 6% of all private undergraduate students on campus. the campus.

Through its invested companies, Vitru is committed to continuing to provide innovative and quality solutions to its students and is delighted to provide another opportunity with a better education solution.

About Vitru

Vitru is the leading pure distance education group in the post-secondary distance education market in Brazil. Through its invested companies, Vitru provides a comprehensive educational ecosystem focused on a hybrid distance learning experience for undergraduates and continuing education students.

Vitru’s mission is to democratize access to education in Brazil through a digital ecosystem and to empower each student to create their own success story.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of US federal securities laws. Statements contained herein that are not clearly historical in nature are forward-looking, and the words “anticipate”, “believe”, “continue”, “expect”, “estimate”, “intend” , “Project” and similar expressions and future or conditional verbs such as “will”, “would”, “should”, “could”, “could”, “can”, “may” or similar expressions are generally intended to identify forward-looking statements. These forward-looking statements speak only as of the date hereof and are based on Vitru’s current plans, estimates of future events, expectations and trends that affect or may affect our business, financial condition, results of operations, cash flow, liquidity, prospects and the price of Vitru’s common shares, and are subject to several known and unknown risks and uncertainties, many of which are beyond Vitru’s control. Accordingly, current plans, planned actions and future financial condition and results of operations may differ materially from those expressed in the forward-looking statements in this press release. You are cautioned not to place undue reliance on these forward-looking statements when evaluating the information presented. Vitru assumes no obligation to publicly update or revise any forward-looking statements after the issuance of this press release due to new information, future events or other factors.

CONTACT: Contact: Maria Carolina F. Gonçalves, IRO e-mail: ir@vitru.com.br website: https://investors.vitru.com.br/
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CoinPayments Reports Continued Growth Ambitions in Pakistan with Key Business Development Venue https://ukdigitala.com/coinpayments-reports-continued-growth-ambitions-in-pakistan-with-key-business-development-venue/ https://ukdigitala.com/coinpayments-reports-continued-growth-ambitions-in-pakistan-with-key-business-development-venue/#respond Fri, 06 Aug 2021 11:00:00 +0000 https://ukdigitala.com/coinpayments-reports-continued-growth-ambitions-in-pakistan-with-key-business-development-venue/ VANCOUVER, BC, August 6, 2021 / CNW / – CoinPayments, the world’s leading cryptocurrency payment processor, today announced the appointment of an industry veteran Fahad Chahab as business development manager for Pakistan. Mr. Shahab will bring his extensive digital payments and financial services experience to CoinPayments’ global business development and partnership team, helping to strengthen […]]]>

VANCOUVER, BC, August 6, 2021 / CNW / – CoinPayments, the world’s leading cryptocurrency payment processor, today announced the appointment of an industry veteran Fahad Chahab as business development manager for Pakistan. Mr. Shahab will bring his extensive digital payments and financial services experience to CoinPayments’ global business development and partnership team, helping to strengthen the brand’s presence in Pakistani emerging crypto ecosystem.

As the adoption of cryptocurrency continues to increase around the world, analysts are finding that developing countries are setting the tone for crypto implementation and development. The widely used Global Crypto Adoption Index published by Chainalysis ranks Pakistan 15th globally and estimates that the country has received around $ 1.5 billion in cryptocurrency in 2019-20.

“The potential of crypto in Pakistan and other emerging markets is clear, “said Jason boucher, CEO of CoinPayments. “We believe CoinPayments is uniquely positioned to help bring cryptocurrency to the masses, especially the underbanked communities who are looking for alternative ways to protect their personal wealth. We are delighted to welcome Fahad to help us strengthen our presence in Pakistan, and we are looking forward to developing new products and services with its expert input. “

Founding member of 1LINK (National Payment Switch) of Pakistan with nearly 20 years of experience in the payments industry, Mr. Shahab was the first person to Pakistan to obtain the Certified Digital Finance Practitioner (CDFP) qualification from Fletcher School Tufts University and DFI (Digital Frontiers Institute), and has a solid knowledge of the field of payment systems, both from a technical and commercial point of view. His considerable industry experience includes working with multinational banks, financial service providers and global payment brands to build the infrastructure of a digital ecosystem in Pakistan.

“I am delighted to be part of the CoinPayments team and to continue to design the new digital economy in Pakistan“Shahab said.” My work is motivated by the potential of humanity to create more inclusive economic systems that promote equality and progress for all. I believe that digital money can unlock this positive future and that CoinPayments can help make it a reality, ”he added.

“For emerging markets like Pakistan, financial and gender inclusion are important challenges that we must tackle together as a society. In my role at CoinPayments, I believe we can work with the region’s banks, carriers, fintechs and merchants to help them meet these challenges; offering inclusive and accessible solutions to make crypto payments easy. “

Mr. Shahab’s appointment is effective immediately.

About CoinPayments
CoinPayments is the easiest, fastest and most secure way for traders around the world to transact in cryptocurrency. It is the first and largest cryptocurrency payment processor with more than US 10 billion dollars in total transactions to date, while supporting over 2,000 coins, and is the preferred cryptocurrency payment solution for merchants and e-commerce platform providers around the world. Founded in 2013, CoinPayments is dedicated to providing customers with fast, secure and user-friendly crypto payment APIs, shopping cart plugins, digital wallets, cryptocurrency custody and a host of other solutions that support cryptocurrency payment applications. Learn more at: https://www.coinpayments.net/.

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View original content: https://www.prnewswire.com/news-releases/coinpayments-signals-continued-growth-ambitions-in-pakistan-with-key-business-development-appointment-301349967.html

SOURCE CoinPayments

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See original content: http://www.newswire.ca/en/releases/archive/August2021/06/c7975.html

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NBHC expands into auctions and digital transactions https://ukdigitala.com/nbhc-expands-into-auctions-and-digital-transactions/ https://ukdigitala.com/nbhc-expands-into-auctions-and-digital-transactions/#respond Thu, 05 Aug 2021 07:39:47 +0000 https://ukdigitala.com/nbhc-expands-into-auctions-and-digital-transactions/ Bombay (Maharashtra) [India], Aug 5 (ANI / NewsView): The National Bulk Handling Corporation (NBHC) today announced the launch of the “Krishi Setu” electronic app, a unique solution in the post-harvest agricultural value chain. Execution through an end-to-end digitized process. NBHC has developed this advanced electronic marketplace for agricultural products. It is the result of our […]]]>

Bombay (Maharashtra) [India], Aug 5 (ANI / NewsView): The National Bulk Handling Corporation (NBHC) today announced the launch of the “Krishi Setu” electronic app, a unique solution in the post-harvest agricultural value chain. Execution through an end-to-end digitized process.

NBHC has developed this advanced electronic marketplace for agricultural products. It is the result of our commitment to carry on the legacy of technology-driven innovation with the goal of providing all variations of digital auction trading.

With a mission to empower the Farmer Community Farmer Producer Organization (FPO), Krishi Setu is committed to providing knowledge-driven services to increase the efficiency of product auctions / transactions, even with remote access.

It connects buyers and sellers across the country directly electronically, facilitating hassle-free transactions only through intermediaries. In addition, by leveraging market connections to connect market players: farmers, FPOs, government agencies, businesses, traders and processors. Krishi Setu enables an efficient and transparent pricing mechanism.

Ramesh Doraiswami, Managing Director and CEO of NBHC, said: As an innovation-driven company, NBHC makes informed decisions about agricultural marketing by making Krishi Setu an Amazon-like electronic marketplace platform for consumers. agricultural products, further improving the lives of FPO farmers and bringing them to market. My goal is to be able to do without it. Access, transparency and post-harvest value-added services. CSNB Senior Vice President Deepak Kumar Singh said: Digitization. The platform offers tailor-made solutions for effective process-based risk assessment mitigation, in combination with digital finance options. Through KrishiSetu, we are expanding our on-farm supply services through farm-to-customer mediation by leveraging technology-based operational capabilities. We are committed to empowering farmers by opening a gateway to lucrative transactions, characterized by fair prices, transparency and no compromise on quality. A wide range of products in various locations including grains, pulses, grains, oil seeds and spices. You can access this innovative platform from Google Play Store, QR code scanning and websites.

National Bulk Handling Corporation Pvt. Ltd. (NBHC) is a leading provider of integrated services to the Indian agricultural ecosystem, including warehouse storage services, warranty management services, supply chain management services, as well as analytics and quality certifications, pest control and auditing, surveillance control, etc. We provide other related services. ..

Guided by its impressive track record of over a decade, the advantages of a strong and experienced management team and the positive drive of its ownership (Private Equity Major True North), NBHC is a full guarantee. And are poised to emerge as a major player altogether. Product management solution.

Website: This story is provided by NewsView. ANI is not responsible for the content of this article. (ANI / NewsView)

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