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Yeahka Continues to Empower Commercial Digitalized Ecosystem as A Constituent of The Hang Seng China Metaverse Index

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2 years ago

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On 23 May 2022, in response to recent emerging trends, Hang Seng Indexes Company launched the Hang Seng China Metaverse Index to track the performance of Shanghai, Shenzhen, and Hong Kong-listed companies which has businesses related to the development of the metaverse. The index is aimed at helping investors capture innovative and transformative thematic investment opportunities that may emerge in the Mainland and Hong Kong stock markets. Yeahka continues to explore the metaverse to empower its commercial digitalized ecosystem and is selected as one of the 30 constituents, among other major constituents such as Tencent, NetEase, and Kuaishou.

According to public information, Yeahka had previously launched a coupon cloud platform based on blockchain technology and was included in the fourth batch of national domestic blockchain information services in October 2020. The platform provides merchant solutions for store management, customer acquisition, and traffic attraction, with the blockchain technology-driven advantage of being a tamper-proof traffic attraction mechanism, allowing transparency in customer acquisition paths. In October 2021, Yeahka formally ventured into the metaverse through Yeahka Gaming, empowering the company’s ecosystem with metaverse games and exploring the integration of virtual and reality.

The metaverse incorporates a series of cutting-edge technologies such as virtual reality (VR), augmented reality (AR), and artificial intelligence (AI). Users are exposed to a deeper degree of Internet virtualization and a stronger sense of experience and novelty: the communication and interaction in the virtual Internet world of the metaverse closely approximate the real world, and whatever obtained within the metaverse can also be recognized in the real world, blurring the boundaries between online and offline. The development and popularity of Web 3.0 would also support the open and decentralized nature of the metaverse.

Compared with the “read-only” model of Web 1.0 and the model of user-led production and sharing of contents in Web 2.0, the public’s vision of Web 3.0 is of a brand-new Internet world that is relatively decentralized, automated, and intelligent. On the premise that personal digital identities, digital assets, and data are completely personal for users, users can truly own their data and their transactions are protected by encryption technology. Therefore, Web 3.0 is considered to have tremendous potential in the future integration of online and offline, and metaverse is a virtual formation that can thrive under Web 3.0.

As a payment-based technology platform, Yeahka has gradually expanded its business from one-stop payment services to merchant solutions and in-store e-commerce services over a period of 10+ years. It has served 7.5 million offline small and medium-sized merchants and reached over 900 million consumers. After the Pandemic, small and medium-sized offline merchants gradually realized the value of digitalization of their operations, and Yeahka has strategically seized this opportunity, launching QR Code ordering, integrated takeaway, and in-store e-commerce services under the “social + recommendation + selective” model, to solve merchants’ pain points with smart operations, helping them to revitalize consumers and attract customers.

On the consumer end, Yeahka enables the promotion of merchant brands through private domain and social recommendation marketing, promoting merchants’ local lifestyle packages and inspiring consumers’ desire to consume in-store. The interaction between merchants and consumers is not restricted to the real world, the combination of the virtual and the real world allows for more diversified interactions between merchants and consumers.

Yeahka believes that, with the rapid development of Web 3.0, the combination of the virtual and the real world is a perfect area for Yeahka to involve in. Its social recommendation properties and the interactive nature between the virtual and the reality can empower the business ecosystem of Yeahka, adding more possibilities for the in-store e-commerce business and merchant solutions.

Based on this, Yeahka Gaming launched the Year of the Tiger AR game during the Chinese New Year of the Tiger, and the game eventually had an exposure of more than 40 million times in the WeChat ecosystem, and the daily average WeChat index of related keywords was over 10,000, with the peak value exceeding 50,000. The community feedback on the game was also positive with the participation rate through sharing reaching over 26.6%, and the new customer acquisition rate through sharing was 50.1%.

This further proves that the path of empowering merchants and consumers through the metaverse is viable and that Yeahka will continue to explore how to use “meta-universe + Web 3.0” to empower its business ecosystem.

It is said that Yeahka will next launch a 3D store operation simulation game for consumers, in which players can build their own islands and operate stores related to real merchants on the islands; players can also visit each other and interact with businesses on the islands, breaking the barriers between the virtual and the reality through in-store incentives to achieve social media recommendation marketing and traffic attraction for the in-store e-commerce business of Yeahka.

SOURCE Yeahka Limited

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Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

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Artificial Intelligence

TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

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5 hours ago

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May 15, 2024

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DUBAI, UAE, May 14, 2024 /PRNewswire/ — TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. TerraPay’s global payment solutions for local payout needs integrated with Al Ansari Exchange’s extensive network expands both organisations scope of operations and improves their capabilities to serve a broader customer base with efficient, secure, and seamless transactions.

With its strong portfolio of financial services and customer-centric approach, Al Ansari Exchange provides its clientele with flexible and reliable remittance options. The latest partnership will allow TerraPay to capitalise on this expertise and expand its presence in the UAE, in line with the company’s strategic objectives of expanding its global footprint and enhancing its offerings.
Ani Sane, Co-founder & Chief Business Officer at TerraPay, commented, “We are thrilled to partner with Al Ansari Exchange, a respected name with a rich heritage in the UAE. This partnership allows us to leverage combined strengths and capabilities. Together, we are prepared to extend our services and better serve customers, making cross-border transactions more seamless and accessible.”
Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, “We are delighted to enter into this strategic partnership with TerraPay, a leading force in global money transfer. This collaboration signifies our commitment to providing our customers with flexible and reliable remittance options. TerraPay’s global network and innovative technology complements our expertise, allowing us to offer a wider range of services.”
The strategic collaboration was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the companies promise to empower clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.
About TerraPay:
TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 141 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
About Al Ansari Exchange:
Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest outward personal remittance and foreign exchange company in the UAE.
Al Ansari Exchange, established in 1966 and licensed by the Central Bank of the UAE, is the UAE’s first exchange company that grown to be the largest outward personal remittance and foreign exchange company in the country with over 256 branches across the Emirates (as of December 2023). With over 4500 multilingual employees, the Company conducts 134 thousand transactions per day (as of December 2023). Al Ansari Exchange has contributed about 40% of the core operating income of exchange houses in the country and constituted 74% of the consolidated net profit for the exchange houses. In terms of contribution to the foreign exchange business, Al Ansari Exchange made up 32% of the income generated by exchange houses as well as 46% of income in the remittance business. Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021, according to a report by Edgar, Dunn and Company.
For more information visit: www.alansari.ae
For media inquiries, please contact:
Juveria Samrin [email protected] 
Dana KhalafCorporate Communications and Investor RelationsAl Ansari Financial ServicesTel: (971 4) [email protected]
Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

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Artificial Intelligence

UST to Train Over 25,000 Employees in Generative AI Technologies

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9 hours ago

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May 14, 2024

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Pioneering program will augment the abilities of UST’s workforce while equipping them with cutting-edge skills and knowledge
MELBOURNE, Australia, May 15, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has launched a groundbreaking new initiative to train over 25,000 of its employees globally in Generative AI (GenAI) and provide opportunities for career advancement. This ambitious program builds on UST’s long history in artificial intelligence (AI). It underscores its commitment to comprehensive workforce training and upskilling, keeping its talented personnel future-ready and always at the cutting edge of technological innovation.

The AI training program exemplifies UST’s commitment to leveraging its considerable knowledge and expertise to maintain its leadership position in this rapidly evolving field. The program comes just months after the unveiling of UST AlphaAI, which consolidates the company’s AI offerings to enhance business agility, streamline operations, and accelerate digital transformation journeys.
UST will offer a range of GenAI training programs that are specifically tailored to its employees and their different roles and responsibilities, improving efficiency while helping each employee reach their own unique potential. The comprehensive training program will build upon insights gained through UST’s rich history of collaboration and partnership with distinguished AI researchers from renowned academic institutions such as the MIT Computer Science & Artificial Intelligence Laboratory and the Stanford Artificial Intelligence Laboratory. This legacy of close collaboration with leading researchers will help UST expand on its culture of continuous learning by bringing the latest academic breakthroughs to its workforce.
“Our comprehensive GenAI training initiative will set a new industry standard and bring over 25,000 employees up to speed on everything from foundational GenAI concepts to cutting-edge applications. Adaptable and customizable for each participant, the flexible training program provides hands-on experience with industry-leading tools and platforms like GitHub Copilot, setting our employees up for future success by ensuring that they can apply GenAI capabilities across diverse domains,” said Sunil Balakrishnan, Chief Values Officer and Global Head – Development Centre Operations, UST.
“At UST, we recognize that the key to staying competitive in today’s fast-paced digital landscape lies in the continuous upskilling of our workforce. As GenAI continues to revolutionize industries and transform business operations, we remain dedicated to equipping our employees with the tools and knowledge they need to leverage these cutting-edge technologies effectively,” said Dr. Adnan Masood, Chief AI Architect, UST.
This pioneering GenAI training initiative exemplifies UST’s commitment to fostering a dynamic, future-ready workforce that remains at the forefront of GenAI advancements. By further augmenting the talents of UST employees, the training program will drive innovation and create a meaningful impact for clients and partners alike.
About UST
For more than 24 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.
Media Contacts, UST:Tinu Cherian Abraham+1 (949) 415-9857
Merrick Laravea+1 (949) 416-6212
Neha Misri+91-9284726602
Roshni Das K+91 [email protected]
Media Contacts, India:Adfactors [email protected]
Media Contacts, U.S.:S&C [email protected]
[email protected]
Media Contacts, U.K.:FTI [email protected]
Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg
 

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Artificial Intelligence

Wondershare showcases its Enterprise Solution Excellence at VivaTech 2024 in Paris

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9 hours ago

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May 14, 2024

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VANCOUVER, BC, May 14, 2024 /PRNewswire/ — Wondershare, a leading developer of creative and productivity software solutions, today announced its participation in VivaTech 2024, Europe’s biggest technology and startup event,. Wondershare is set to demonstrate its unwavering dedication to small and medium-sized businesses (SMBs) and corporate clients at VivaTech 2024. The event will take place from May 22nd to 25th, 2024, at Hall One-M14, Paris Expo Porte de Versailles.

Under the theme “Get Work Done Fast and Unleash Furious Creativity” Wondershare will unveil the latest version of its flagship creative and productivity suite, featuring Filmora, PDFelement, and Edraw.
Wondershare’s commitment to excellence is further underscored by the recent accolades received by PDFelement and HiPDF, with 58 G2 Awards, including the prestigious Leaders award and Highest Users Adoption recognition.
Meanwhile, Filmora has launched a new desktop update, enhancing user experience with key UI/UX improvements and intelligent color grading options. This update includes hundreds of filters and LUTs, catering to marketers, educators, and creators of all levels. By integrating Microsoft AI by adding the personal speech feature in, Filmora will continuously bring in surprises to the esteemed users.
Additionally, Wondershare Edraw continues to uphold its reputation by introducing EdrawMax’s new AI-native page for instant diagram creation. Users can input text and receive a diagram in 10 seconds that can be downloaded and edited for customization. Meanwhile, EdrawMax has expanded to include 24 AI diagram types, such as flowcharts, mind maps, timelines, and more.
“As VivaTech 2024 approaches, we eagerly anticipate showcasing our latest innovations. We extend a warm welcome to our prestigious clients and users to visit our booth. It’s a prime opportunity to experience firsthand how our products can revolutionize workflows and unleash your full potential.” – Iris L, PR Director at Wondershare.
For media inquiries, please contact [email protected].
For more information about Wondershare, please visit Wondershare.
About Wondershare
As a renowned global leader in creativity and productivity solutions, Wondershare is dedicated to making cutting-edge technology accessible to everyone, fostering increased efficiency and creativity. Our commitment to excellence has been recognized through prestigious accolades from organizations like The Shorty Awards, G2, and GetApp. With a user base spanning over 100 million individuals across 150 countries, we offer diverse software solutions encompassing video editing, PDF manipulation, data recovery, diagram creation, graphic design, and more.
Photo – https://mma.prnewswire.com/media/2411932/WONDERSHARE.jpg
Logo – https://mma.prnewswire.com/media/1274391/wondershare_LOGO.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wondershare-showcases-its-enterprise-solution-excellence-at-vivatech-2024-in-paris-302145532.html

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