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    Business Wire IndiaBrickwork Ratings is pleased to announce the appointment of Shri S Santhanam as the Chairman of their Rating Criteria Committee.
     
    Shri Santhanam is a versatile and experienced Banker, having substantial exposure to Treasury, Forex, International Operations and Credit (Retail & Corporate) during his long tenure at Canara Bank  He has handled large credit portfolio at sanctioning & monitoring levels at two major operation areas of the Bank viz. Kolkata & Bangalore. He has also expertise in international banking and finance and has worked with international and domestic regulators in compliance and legal matters relating to the Bank. Considering  Sh. Santhanam’s rich experience, he was assigned the job of handling and heading treasury operations on a secondment for three years at another Public Sector Bank. He retired as General Manager-International Operations & Secretary to the Board from Canara Bank and subsequently worked as Advisor to the Bank.
     
    Mr. Vivek Kulkarni, IAS (Retd.), Managing Director of Brickwork Ratings said, “We envisage Shri Santhanam’s engagement with Brickwork Ratings’ Criteria Committee would further strengthen our organization.”
     
    Shri Santhanam said “Seasoned bankers have been the backbone of Brickwork Ratings. Brickwork has earned a good reputation in a short time and I am happy to be associated with it.”
     
    About Brickwork Ratings

    Brickwork Ratings has been registered as a credit rating agency with the Securities and Exchange Board of India as well as the Reserve Bank of IndiaNational Small Industries Corporation has approved BWR for rating MSME units. NABARD has also empaneled Brickwork for MFI and NGO grading.  

    BWR has rated over 10,000 issues amounting to Rs. 870,000 crores in Non-convertible debentures (NCD), Basel II and III Bank Loan ratings, for working capital, term loan and project finance. BWR also rates commercial paper and PPMLD- principal protected market linked debentures and other structured products.

    BWR has rated a number of major public sector organizations and private players in the market. The company has also rated a large number of MSMEs as well as completed grading of IPOs, NGOs, Educational Institutions, MNREs, Tourism & Real Estate projects of number of entities.

    Brickwork Ratings has Canara Bank, a Nationalized Bank with total business of over Rs. 8.23 lakh crore, as its promoter and strategic partner.

    Brickwork has its Corporate Office in Bengaluru and branch offices at Mumbai, New Delhi, Chennai, Hyderabad, Kolkata, Ahmedabad and Guwahati, besides having representatives in 70 other cities in India.

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    Business Wire IndiaMax Life Insurance, one of India’s leading non-bank promoted private life insurers, a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance Co. Ltd, has been conferred with the prestigious Celent Model Insurer Asia Award 2016 in the category of 'IT Management Best Practices'. The award was received by Mr. R Krishnakumar, CVP and Head - Business Performance Analytics, Max Life Insurance, at an award ceremony held in Singapore.
     

    Max Life Insurance was presented the award for successfully implementing actionable Business Intelligence and Analytics Insights which the sales force can use anytime, anywhere, across any network and through any device. The Company was declared as the winner post-rigorous evaluation on the basis of its excellent performance in three core areas – technological initiatives that have delivered demonstrable business benefits after going live; the degree of innovation relative to the industry; and the quality of the technology or implementation excellence.
     
    Acknowledging the award, Mr. Rajesh Sud - Executive Vice Chairman and Managing Director, Max Life Insurance, said, “We are extremely delighted and proud to have been conferred with Celent Model Insurer Asia Award 2016 for 'IT Management Best Practices'. At Max Life Insurance we are dedicated to innovation and are constantly exploring latest technologies to support our business. The successful implementation of BI and analytics insights has enabled early risk identification and thus helped in improving the quality of our book. This is a testimony to our relentless efforts in creating seamless business process through technological innovation.”
     
    According to Wenli Yuan, Senior Analyst at Celent’s Asian Financial Services group, “The Model Insurer Asia Awards recognize how insurers are using technology to change the face of insurance. These insurers should serve as an inspiration to others looking for strong examples of best practice implementation that will have a truly meaningful impact on business results and the industry overall. The entry from Max Life Insurance clearly demonstrated this.”
     
    About Max Life Insurance Co. Ltd. (www.maxlifeinsurance.com)
     
    Max Life Insurance, the leading non-bank promoted private life insurer, is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the leading insurers in the world. Max Life Insurance offers comprehensive long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 15 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision 'To be the most admired life insurance company by securing the financial future of our customers'. The company has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.

    Photo Caption: Mr. R Krishnakumar, CVP and Head - Business Performance Analytics, Max Life Insurance receiving award at a ceremony held in Singapore.

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    Business Wire India

    • Partners with NPCI to launch its Platinum Debit Card on the RuPay platform, for NRO customers
    • Offers insurance cover of Rs 2,00,000
    • Access to lounges at 31 airports across India
     
    Axis Bank, India’s third largest private sector bank announced the launch of its RuPay Platinum debit card, in partnership with National Payments Corporation of India (NPCI). Cardholders can avail additional premium features like insurance cover of Rs. 2,00,000, access to lounge facilities across 31 airports in India along with cash back on IRCTC bookings and fuel surcharge waivers.

    Speaking on the occasion, Mr. Rajiv Anand, Group Executive & Head – Retail Banking, Axis Bank said, “We are currently the fifth largest issuer of debit cards in the country. The launch of the RuPay Platinum card further reinforces our commitment to improving customer experience by offering innovative products that provide added convenience and security”.

    The bank has launched two variants of the RuPay card - RuPay Classic and Rupay Platinum for its NRO segment.  

    Mr. Dilip Asbe, Chief Operating Officer, NPCI said “We are happy to introduce India’s own RuPay Platinum Debit card which comes with several premium features and value added services for Axis Bank customers. One can perform seamless transactions across all channels like ATM, PoS and ecommerce through RuPay cards.”
                                                                                                                                   
    About Axis Bank:

    Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

    With its 2,904 domestic branches (including extension counters) and 12,743 ATMs across the country, as on 31st March 2016, the network of Axis Bank spreads across 1,855 cities and towns, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Bank also has nine overseas offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Shanghai and Colombo; representative offices at Dubai, Abu Dhabi and Dhaka and an overseas subsidiary at London, UK.

    The Bank’s website www.axisbank.com offers comprehensive details about its products and services.

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    Business Wire India

    The Valence Group has advised Evonik Industries AG on its recently announced acquisition of the Performance Materials business of Air Products & Chemicals, Inc. for an enterprise value of $3.8bn.

     

    The Performance Materials business, part of Air Products’ Materials Technologies division, is a global leader in specialty and coatings additives, such as epoxy curing agents, amine-based polyurethane additives and specialty wetting agents. The combination strengthens and complements Evonik’s product portfolio in terms of end markets, technologies and geographic footprint, and is expected to generate synergies of at least $80m per annum, with incremental tax benefits worth in excess of $500m.

     

    Air Products Performance Materials generated revenue of $1.08bn in 2015 with a corresponding EBITDA of $242m, representing a margin of over 22%. Headquartered in Allentown, PA, the business employs 1,100 globally (of which >20% in R&D), with 50% of its sales in the Americas, 26% in Asia and 24% in Europe, supported by a worldwide network of 11 manufacturing plants and 8 R&D centers. By focusing on high end niche applications, customer specific solutions and truly innovative products, the business has maintained consistently high margins with low capital intensity and strong cash generation.

     

    About Evonik

     

    Evonik, the creative industrial group from Germany, is one of the world leaders in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik’s corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms. Evonik is active in over 100 countries around the world. In fiscal 2015 more than 33,500 employees generated sales of around €13.5 billion and an operating profit (adjusted EBITDA) of about €2.47 billion.

     

    About The Valence Group

     

    The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.

     

     

     

     

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    Business Wire India

    Global general purpose cards carrying Visa, UnionPay, MasterCard, JCB, Diners Club/Discover, and American Express brands generated 227.08 billion purchase transactions at merchants in 2015, an increase of 16.1% over 2014, according to The Nilson Report, the top trade newsletter covering the card and mobile payment industries. Purchase transactions included all commercial and consumer credit, debit, and prepaid cards.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160509005108/en/

     
    Results for global credit, debit and prepaid cards 2015 (Graphic: Business Wire)

    Results for global credit, debit and prepaid cards 2015 (Graphic: Business Wire)

    Visa cards, which include both Visa Inc. and Visa Europe, accounted for 55.52% of all purchase transactions worldwide. Debit cards with the Visa brand continued to account for the most purchase transactions with a share of 35.50%, followed by Visa credit cards with 20.02%, MasterCard credit cards with 13.14%, MasterCard debit cards with 13.13%, UnionPay credit cards with 6.79%, UnionPay debit cards with 6.00%, and American Express cards with 3.21%. JCB cards with 1.23% overtook Diners Club/Discover cards with 0.98%. Commenting on the results, David Robertson, Publisher of The Nilson Report said, "When consumers worldwide reach into their wallets for a payment card, more than half of the time, they use a Visa card."

     

    UnionPay continued to have the highest percentage increase in purchase transactions. Last year UnionPay credit and debit card purchase transactions at merchants grew by 47.0%. Its year-over-year growth of 9.28 billion transactions topped the 8.09 billion increase for MasterCard but trailed an increase of 13.16 billion for Visa.

     

    Debit and prepaid cards accounted for 54.63% of purchase transactions, up from 54.05% in 2014. Visa purchase transactions were 63.95% debit, up from 63.71%. MasterCard purchase transactions were 49.98% debit, up from 47.86%. UnionPay purchase transactions were 46.90% debit, up from 46.00%.

     

    Purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards, grew by 18.0% or $3.110 trillion in 2015. UnionPay debit cards were the most popular payment product based on purchase volume, followed by Visa credit cards, which overtook Visa debit cards. The fourth largest was UnionPay credit cards, followed by MasterCard credit cards, MasterCard debit cards, and American Express credit cards.

     

    Credit, debit, and prepaid cards in circulation totaled 10.25 billion at the end of 2015, up 8.2% over year-end 2014. UnionPay accounted for 53.07% of global brand cards in circulation, up from 52.09%, followed by Visa with 28.95%, down from 30.23%, MasterCard with 15.35%, up from 14.96%, American Express with 1.15%, down from 1.18%, JCB with 0.91%, down from 0.93%, and Diners Club/Discover with 0.56%, down from 0.60%.

     

    Of the total cards in circulation, 75.94% were debit, up from 74.61%. Debit cards in circulation grew by 716.3 million compared to a 61.4 million increase for credit cards.

     

    About The Nilson Report

     

    The Nilson Report is the most respected source of news and analysis of the global card and mobile payment industries. The by-subscription-only newsletter provides brand, issuer, acquirer, and vendor statistics not found in any other trade journal, as well as concise vendor, personnel, and product updates. The Nilson Report does not accept paid advertising of any kind. There are no advertisements, no articles written by vendors, no sponsored content. Contact Lori Fulmer at lfulmer@nilsonreport.com for a complete copy of Global Cards 2015, or download it now. The report mentioned here appears in the April 29, 2016 issue of the newsletter.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20160509005108/en/

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    Business Wire India

    The Valence Group has advised INEOS Group AG on its sale of INEOS Styrenics, a producer of high quality expandable polystyrene for the building, construction and packaging industries, to Synthos S.A., one of the largest chemical companies in Poland and the CEE region.

     

    Completion of the transaction is likely to occur in the second half of 2016, subject to customary regulatory approvals.

     

    About INEOS

     

    INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its production network spans 51 manufacturing facilities in 11 countries throughout the world. INEOS products make a significant contribution to saving life, improving health and enhancing standards of living for people around the world. Its businesses produce the raw materials that are essential in the manufacture of a wide variety of goods: from paints to plastics, textiles to technology, medicines to mobile phones - chemicals manufactured by INEOS enhance almost every aspect of modern life.

     

    About The Valence Group

     

    The Valence Group is a specialist investment bank offering M&A advisory services exclusively to companies and investors in the chemicals, materials and related sectors. The Valence Group team includes a unique combination of professionals with backgrounds in investment banking and strategic consulting within the chemicals and materials industries, all focused exclusively on providing M&A advisory services to the chemicals and materials sector. The firm’s offices are located in New York and London.

     

     

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    Business Wire India

    Madison Realty Capital (MRC), a vertically-integrated real estate private equity firm focused on real estate equity and debt investments in the U.S. middle markets, announced the final closing of Madison Realty Capital Debt Fund III LP (“MRC Debt Fund III”), the firm’s third institutional real estate debt investment vehicle.

     

    Adam Tantleff, Managing Principal of MRC, made the announcement.

     

    The discretionary private equity fund raised a total of $695 million in capital commitments, substantially exceeding its original goal of $600 million. MRC sourced capital for the fund from a diverse group of investors, including public pension funds, corporate pension funds, foundations and endowments, family offices, and wealth managers.

     

    “MRC is pleased to announce the final closing of our third fund at a level surpassing our initial target by a considerable margin,” Mr. Tantleff said. “We appreciate the tremendous support which we received from both new and existing investors in the institutional community over the course of this raise. As our firm assets now approach $3 billion we continue to find and exploit market opportunities which exist in the underserved middle markets across asset classes. Our vertically-integrated platform, encompassing both debt and equity expertise, allows us to take advantage of special situation lending opportunities which others may not have the capabilities to act on.”

     

    MRC Debt Fund III originates commercial mortgage loans, mezzanine loans and preferred equity interests, and acquires non-performing mortgages. With the ability to leverage and recycle capital, the fund has more than $2.5 billion of transaction capabilities. MRC’s previous debt vehicle, Sullivan Debt Fund, launched in 2012 and raised $350.4 million of equity commitments, also exceeding its $300 million goal. In 2005, MRC launched its initial debt fund which raised in excess of $300 million.

     

    About Madison Realty Capital (MRC)

     

    MRC is a New York-based real estate investment firm that pursues real estate equity and debt investments in the middle market and has $2.7 billion in firm assets. Founded in 2004, MRC has invested in excess of $4.5 billion of transactions in the multifamily, retail, office, industrial and hotel sectors. MRC’s staff of more than 50 professionals encompasses expertise in originations, acquisitions, underwriting, structuring, closing, servicing, asset management, property management, construction, capital markets, syndications and administration.

     

     

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    Business Wire India

    Sodali Inc. and Morrow & Co. LLC jointly announced today that Sodali has acquired Morrow & Co., creating Morrow Sodali Global, the largest independent corporate governance, proxy solicitation, investor relations, capital markets and shareholder services firm in the world. Sodali has been a global leader in such services within Europe, Latin America and other emerging markets, and Morrow & Co has been a trusted provider of these services to many of the largest publicly-traded corporations in the United States for more than 40 years.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160511005603/en/

     

    Together, Morrow Sodali will serve more than 600 corporate clients in 30 countries, with aggregate market capitalization in excess of US$5 trillion. The combined company will advise boards of directors and executive management teams on issues related to corporate governance, annual and special shareholder meetings, shareholder activism, strategic communications, initial public offerings and the conduct of multinational equity, debt and merger transactions. Morrow Sodali's clients also include mutual funds and stock exchanges.

     

    “This transaction brings together two great companies with complementary strengths and expertise that will translate into substantial value for our clients," said John Wilcox, Chairman of Morrow Sodali. "Joe Morrow has built a tremendous organization with a reputation for high quality service and loyalty to clients. We look forward to building on his legacy and leveraging our collective experience and resources to serve companies of all types and sizes, wherever they are based or their stock is traded.”

     

    “Our professionals have been working for decades with a singular focus on helping corporations deal with their most complex governance and shareholder challenges,” said Joe Morrow, founder of Morrow & Co. “Sodali, like us, has used a client-first, fully independent approach to become the industry leader in markets outside the U.S. Together, our firms can provide customized solutions for companies dealing with corporate governance, activism and shareholder issues. We are excited to be joining the Sodali team and broadening our offering to new and prospective clients around the world.”

     

    "This transaction is a transformative milestone for both companies and for the industry," said Alvise Recchi, CEO of Morrow Sodali. "Investors are becoming more global and more outspoken and demanding. With our combined reach into all the principal capital markets, Morrow Sodali is positioned to identify, understand and engage with these investors so that we can advise companies on how to address the expectations and interests of all their stakeholders.”

     

    John Wilcox will serve as Chairman of Morrow Sodali. Prior to serving as Chairman of Sodali, Mr. Wilcox served as Senior Vice President and Head of Corporate Governance at TIAA-CREF and was previously Chairman of Georgeson & Company.

     

    Alvise Recchi is the CEO of Morrow Sodali. Mr. Recchi is the founding partner of Sodali. Previously, he was CEO and founding shareholder of GSC Proxitalia where his responsibilities included developing the shareholder service business in Europe and Latin America, together with partner Georgeson Inc.

     

    The current Morrow & Co. management and client services teams will remain in place, providing the exceptional service that Morrow clients have come to expect.

     

    Advisors on the transaction included Baker & McKenzie; Seward & Kissel; Berkeley; Altema Consulting and Alpeggiani & Associati for legal and MC Square Capital LLC and Sperry, Mitchell & Company for financial. Morrow Sodali Global LLC is owned by its managers and financial investors Fidia Holding and MC Square Holding.

     

    About Morrow Sodali Global LLC

     

    Morrow Sodali Global LLC, formed by the acquisition of Morrow & Co by Sodali, Inc., is an integrated, global consultancy specializing in corporate governance, investor relations, shareholder services and capital markets transactions. The firm serves more than 600 corporate clients, including many of the world’s largest companies. Morrow Sodali advises boards of directors and senior management on a wide range of issues related to public ownership, including corporate governance, director evaluation, management succession, executive compensation, shareholder engagement and transparency, investor communication, IPOs, bond holder transactions, social policy and sustainability. It provides advice and proxy solicitation services relating to annual and special stockholder meetings including situations involving cross-border or hostile / contested M&A transactions, and shareholder activism. The firm is headquartered in New York City and London, with offices and representatives in Beijing, Geneva, Johannesburg, Madrid, Mexico City, Paris, Rome, Sao Paulo and Stamford, Connecticut and Tokyo.

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20160511005603/en/

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    Business Wire IndiaMax Ventures & Industries Limited (MVIL), a part of one of India’s leading multi-business conglomerates, the Max Group, today announced its intent to invest in Azure Hospitality Pvt. Ltd., which owns and operates Mamagoto, a mid-scale casual dining restaurant chain and Speedy Chow/Roll Maal, a quick service restaurant (QSR) format for Indian & Chinese street food and an Institutional Catering Service.
     
    This will be the first investment by MVIL, a holding company formed recently through a three way demerger of the erstwhile Max India Ltd, to provide the latter’s investors with specific and undiluted access to diverse lines of businesses, unlock shareholder value and enable sharper focus on each operating business.
     
    Established in 2009 by Kabir Suri and Rahul Khanna, Azure Hospitality is a leading hospitality business chain offering South East Asian cuisine in a differentiated format. This is the second round of funding for the company. MVIL will be co-investing in the second round with Goldman Sachs, the key investor in the first round.
     
    The Indian food industry is estimated at USD 100 Bn. within this, the organised sector is expected to grow at 16% CAGR to USD 28Bn, in the next 5 years.
     
    MVIL’s objective is to address the wider world of business opportunities in India and abroad. Apart from being the holding company for Max Speciality Films, an innovation leader in the Speciality Packaging Films business, the Company also serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’, especially taking cues from the economic and commercial reforms agenda of the present Government and the positive initiatives of the Prime Minister, including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others.
     
    MVIL’s Investment Vertical, a fully owned special purpose vehicle, will facilitate Intellectual & Financial Capital to promising and proven early-stage organizations across identified sunrise sectors. The proposed investment vertical would specifically target strategic growth sectors such as Hospitality, Food & Beverages, Healthcare, Technology-based Financial Services, Education, Real Estate and Senior Living. Its investment model will be a hybrid of accelerators and venture funding, providing both mentoring and growth capital for the organizations it invests in.
     
    Commenting on the focus of MVIL, Analjit Singh, Chairman Emeritus & Founder, Max Group, said, “Max Ventures & Industries was always planned as a fertile place for ideas, new projects and investments. In that sense, MVIL closely resembles the diversified businesses model that Max followed in its early years, and imbibes a similar entrepreneurial spirit as well.”
     
    Highlighting the significance of this investment, Max Group President, Rahul Khosla said, “This investment marks a key milestone for the Group as it directly bears out the strategic intent behind the demerger, of allowing the Group to explore newer avenues through MVIL, while ensuring unwavering focus on our existing businesses through the other two holding companies, Max Financial Services and Max India.”
     
    Mohit Talwar, Vice Chairman, MVIL added, “The Investment vertical under MVIL would specifically target leading growth sectors within India, which also happen to be aligned with the Group’s strategic businesses. We will act not only as a Financial Partner, but also a Mentor to these early growth stage companies. This development comes at an opportune time as we have now obtained FIPB approval for the listing of MVIL and have initiated listing formalities. MVIL is expected to be listed on the stock exchanges by early June.”
     
    Explaining the rationale behind the investment, Sahil Vachani, MD, MVIL, said, “Within the sectors that we are actively considering for investment, we particularly favored Azure Hospitality because of the vision of its founders, their values , the scale they have demonstrated and the potential for profitable growth. We are also pleased to partner the existing investor, Goldman Sachs, who is investing further at this stage. The strong fundamentals of Azure coupled with huge growth prospects within the sector make this an exciting opportunity for MVIL.”   
     
    The intended investment will be subject to due internal and regulatory clearances and approvals.
     
    About Max Ventures & Industries Limited
     
    Max Ventures and Industries, is the holding company for Max Speciality Films, an innovation leader in the Speciality Packaging Films business. In addition to manufacturing, the Company also serves as the Group’s entrepreneurial arm to explore the ‘wider world of business’, especially taking cues from the economic and commercial reforms agenda of the present Government, including ‘Make in India’, ‘Skill India’, ‘Digital India’, among others.
     
    MVIL will be shortly listed on both the Bombay Stock Exchange as well as the National Stock Exchange.

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    Business Wire IndiaBajaj Finance Limited, the lending arm of Bajaj Finserv, has announced a flash sale on Personal Loans with a rate of interest as low as 12.49 per cent on loan amounts of Rs.6 lakh and above. The flash sale will continue till May 15. With their unbelievably low rate of interest on all loan amounts of Rs.6 lakh and above, this has been touted to be a chance you just can’t miss.
     
    The company has been a leading player in the space of personal loans as it offers some unique benefits to its customers. The company offers instant online loan approval with its end-to-end online Personal Loan solutions. By opting for a Personal Loan from Bajaj Finserv you can get instant approval in 5 minutes and disbursal in your bank within 72 hours.
     
    This flash sale on Personal Loans has been attracting customers looking for lucrative and viable finance options to fund their personal needs.
     
    About Bajaj Finance Ltd

    Bajaj Finance Limited, the lending arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 6 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home loans, Credit Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.

    To know more please visit www.bajajfinserv.in/finance       

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    Business Wire IndiaIn yet another move towards strengthening its offline presence, Paytm, India's leading payments company, has partnered with Mother Dairy, a wholly-owned subsidiary of the National Dairy Development Board (NDDB). With this, consumers will now be able to make cashless payments through their Paytm wallets across 100+ Mother Dairy Milk Booths from this month. Paytm wallet has become a default mode of payment for customers for a wide variety of services in the country including taxi rides, food ordering and money transfers etc. The association with Mother Dairy will further help the digital wallet to cement its position as the preferred way to transact across offline and online platforms.
     
    Mr. Vijay Shekhar Sharma, Founder & CEO – Paytm said, “Paytm is focused on creating solutions for everyday payment use cases for Indians. Starting from the morning milk supply to all other everyday necessities, it is our mission to make everyday payments extremely simple. Working with mother dairy we would be able to bring a seamless payment experience to millions. We are very proud that mother dairy has taken a step towards consumer experience and we will be creating an incredible payment solution for their consumers.”
     
    Speaking on the association, Mr. S. Nagarajan, Managing Director, Mother Dairy Fruit & Vegetable Pvt. Ltd. said, “Being a consumer centric organization, Mother Dairy has always been in tune with the evolving lifestyle of our consumers and has strived to offer solutions accordingly. In line with the same strategy, we are now partnering with Paytm to offer modern payment solutions at our retail network. This is in addition to our SmartChange Cards, which exist today. We believe with more and more smartphones being used, such initiatives will help the consumers greatly. This will also help our booth concessionaires in bringing down the physical cash handling.”
     
    In the first month itself, this service will be made available at 100 Mother Dairy milk booths in Delhi NCR & will be extended to all 750+ milk booths in another month. In subsequent phases, 350+ Safal outlets will also be able to accept payment through Paytm.
     
    About Paytm
     
    Paytm is India’s largest mobile payment & commerce platform. With the current user base of more than 125 million, Paytm is on a mission to bring half a billion Indians to main stream of economy using mobile payments, commerce and soon to be launched payment banking services. Consumer brand of India’s leading mobile Internet Company One97 Communications, Paytm is headquartered in New Delhi NCR. The company’s investors include Ant Financials (AliPay), Alibaba Group and SAIF Partners.
     
    About Mother Dairy Fruit & Vegetable Pvt. Ltd.
     
    Mother Dairy was commissioned in 1974 as a wholly owned subsidiary of the National Dairy Development Board (NDDB). It was established under the initiative of Operation Flood, the world's biggest dairy development program launched to make India a milk sufficient nation. Today, Mother Dairy is a leading dairy player which manufactures, markets & sells milk and milk products including cultured products, ice creams, paneer and ghee under the ‘Mother Dairy’ brand. The Company also has a diversified portfolio with products in edible oils under the ‘Dhara’ brand and fresh fruits & vegetables, frozen vegetables, range of unpolished pulses, fruit juices, jams etc. under the ‘Safal’ brand. Mother Dairy through its brands has a national footprint across all major cities in India, offering a delectable range of products to its customers.

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    Business Wire India

    Barclays and Planixs are collaborating in the creation of an improved global intraday liquidity and funding capability. The latest module has gone live and is providing more timely data and enhanced visibility of intraday positions across Barclays’ key locations.

     

    Barclays is using Realiti® across its global operations to: perform intraday liquidity management; optimise funding and forecasting activities, and deliver regulatory compliance with the Basel committee’s BCBS248 intraday monitoring regime.

     

    Commenting on the continued engagement with Planixs, Helmut Mannhardt, Barclays’ Global Head of Funding & Liquidity Management, said “The global nature of the Barclays business means we need to have a holistic view of our intraday activities across many currencies, time zones and legal entities with the ability to measure, project and control the full spectrum of intraday liquidity risk. We are pleased to have implemented the latest release of Realiti® and with the impact it will have on our business and look forward to working with Planixs to introduce enhanced capabilities into our business. We will use Realiti® to support the evolving BCBS248 regulations and deliver significant benefits across our funding, cash and liquidity management functions”.

     

    “After Barclays conducted a rigorous evaluation exercise, we are extremely pleased to be continuing to develop with Barclays and implement a global solution for their liquidity, intraday monitoring and regulatory reporting requirements,” said Neville Roberts, CEO of Planixs. “Barclays requires a robust solution that will consume significant volumes of data in real-time while delivering intraday insight across the business. With deployments ranging from the largest global banks through to smaller firms, Planixs offers an Intraday Liquidity solution for all financial institutions”.

     

    About Planixs

     

    Planixs is a leading provider of Big Data analytical software as a service (SaaS) solutions and has developed products in a number of domains including Financial Services, Strategic Workforce Planning & Optimisation and Retail. Planixs develops analytics solutions based on data science to deliver high value business solutions through non-invasive technology approaches.

     

    Planixs’ patented Realiti® solution is the only commercially available real time Intraday Liquidity solution with live implementations in the industry today. It can be deployed rapidly across any IT infrastructure due to its unique architecture, which reduces complexity and enables rapid speed to value. In real-time, Realiti® consolidates confirmed cash flows from account providers with internally projected activity. This will ensure clients have an accurate, up to date picture of cash balances and end of day projections across complex ranges of settlement accounts and are able to control liquidity usage every minute of every day.

     

     

     

     

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    Business Wire India

    OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions, today announced that it has acquired Xantium Integrated Solutions (Xantium).

     

    Xantium is a renowned South African supplier of cards and personalization services to a wide variety of market segments including Banks, Retailers and Third party payment processors in South Africa and several African countries.

     

    Through this acquisition, OT will grow its footprint in the promising Southern African market and strengthen its base in Johannesburg to address customers across the African continent.

     

    Xantium brings to OT an experienced team which has excelled in providing high levels of service to its broad client base with a focus on quality, speed and flexibility. This has been supported by an innovative approach to card personalization with expertise developed in the fields of card distribution and reporting.

     

    OT’s ambition is to strengthen our leading position in Africa by addressing the growing demand for payment, authentication and related services through providing best in-class expertise and state-of-the-art products that meet our clients’ demands. Xantium has built up an impressive customer base across the continent and through this acquisition, OT pursues its strategy of acquiring, targeted companies which enhance our global footprint through a strong local presence” said Muzaffar Khokhar, Regional President for Russia, Middle-East and Africa at OT.

     

    ABOUT OBERTHUR TECHNOLOGIES

     

    OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay.

     

    OT is strategically positioned in high growth markets and offers embedded security software solutions for “end-point” devices as well as associated remote management solutions to a huge portfolio of international clients, including banks and financial institutions, mobile operators, authorities and governments, as well as manufacturers of connected objects and equipment.

     

    OT employs over 6 500 employees worldwide, including almost 700 R&D people. With a global footprint of 4 regional secure manufacturing hubs and 39 secure service centers, OT’s international network serves clients in 169 countries. For more information: www.oberthur.com

     

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    Business Wire IndiaBajaj Finance Limited, the lending arm of Bajaj Finserv, has announced a promotional offer where customers stand a chance to win an iPad Mini by availing loans above Rs. 50 lakh or a Tanishq voucher worth Rs.15,000, on loans between Rs. 30 lakh & Rs. 49.99 lakh. This offer is valid through the week till May 22, 2016, and is applicable both on a fresh Home Loan and as well as on a home loan balance transfer.
     
    The procedure to apply for a Home Loan at Bajaj Finserv is easy and hassle-free. Once you have all your documents ready, you can apply online for the loan. The entire process is very timely and one can get online approval in almost 5 minutes and with zero prepayment charges. The online customer portal serves to answer any queries that you might have!
     
    Bajaj Finance Limited is hoping to draw the customer’s attention to their Home Loan policies and competitive deals with such exclusive offers.
     
    About Bajaj Finance Limited:
     
    Bajaj Finance Limited, the lending arm of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 6 million customers across the country. Headquartered in Pune, the company’s product offering includes Consumer Durable Loans, Lifestyle Finance, Personal Loans, Loan against Property, Small Business Loans, Home Loans, EMI Cards, Two-wheeler and Three-wheeler Loans, Construction Equipment Loans, Loan against Securities and Rural Finance which includes Gold Loans and Vehicle re-financing Loans. Bajaj Finance Limited prides itself for holding the highest credit rating of FAAA/Stable for any NBFC in the country today.
     
    To know more please visit www.bajajfinserv.in/finance      

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    Business Wire India

    HanesBrands Inc. (NYSE: HBI) announced that its indirect wholly-owned subsidiary, Hanesbrands Finance Luxembourg S.C.A., a corporate partnership limited by shares (société en commandite par actions) under the laws of the Grand Duchy of Luxembourg, has set the pricing of its offering of €500 million aggregate principal amount of 3.5 percent unsecured notes maturing 2024, unless earlier redeemed. The notes will be guaranteed on a senior unsecured basis by Hanesbrands Inc. and certain of its subsidiaries. This offering is expected to close on June 3, 2016, subject to customary closing conditions.

     

    The aggregate principal amount of notes to be issued in the previously announced offering increased from €450 million to €500 million. Net proceeds from the offering are expected to be used, together with cash on hand and future debt financings, to finance the company’s previously announced acquisitions of Champion Europe and Pacific Brands Group.

     

    The notes and the related guarantees will be offered in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in reliance on Regulation S under the Securities Act. The offer and sale of the notes and the related guarantees have not been registered under the Securities Act or the securities laws of any state or other jurisdiction and may not be offered or sold absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable securities laws of any state or other jurisdiction.

     

    This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the notes, nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135(c) under the Securities Act.

     

    Cautionary Statement Concerning Forward-Looking Statements

     

    Statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding the offering of Notes and the anticipated use of proceeds therefrom. These forward-looking statements are made only as of the date of this report and are based on Hanesbrands’ current intent, beliefs, plans and expectations. They involve risks and uncertainties that could cause actual future results, performance or developments to differ materially from those described in or implied by such forward-looking statements. These risks and uncertainties include the risks identified from time to time in Hanesbrands’ most recent Securities and Exchange Commission reports, including the 2015 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q press releases and other communications. Hanesbrands undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, other than as required by law.

     

    HanesBrands

     

    HanesBrands, based in Winston-Salem, N.C., is a socially responsible leading marketer of everyday basic innerwear and activewear apparel in the Americas, Europe and Asia under some of the world’s strongest apparel brands, including Hanes, Champion, Playtex, DIM, Bali, Maidenform, JMS/Just My Size, L’eggs, Wonderbra, Nur Die/Nur Der, Lovable and Gear for Sports. The company sells T-shirts, bras, panties, shapewear, underwear, socks, hosiery, and activewear produced in the company’s low-cost global supply chain.

     

     

     

     

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    Business Wire IndiaMobiKwik, India’s largest independent mobile payments’ network today announced that it has registered 5000% growth on Big Basket, India’s largest online supermarket Bigbasket offers over 20,000 products from over 1000 brands and is present in 25 cities across the country including Bangalore, Hyderabad, Mumbai, Pune, Chennai and Delhi-NCR.

    Upasana Taku, Co-founder, MobiKwik said, “Grocery is an everyday purchase and MobiKwik’s phenomenal growth on Big Basket suggests how entrenched MobiKwik is in our users every day transactions. If there is an online commercial transaction, MobiKwik’s vision is to facilitate it. The e grocery market is a key vertical for us therefore, and is experiencing tremendous growth”.

    Research firm IGD predicts that India’s online grocery market is estimated to be less than $100 million at present and will cross $25 billion by 2020.

    MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino's, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip, Cleartrip, and Yatra.

    “A significant number of our customers are paying online now, using wallets. They finding it more and more convenient to use. The growth of wallets on our site is reflected in our association with partners such as MobiKwik. These partnerships have been extremely rewarding and have also helped us deliver greater value to our customers.” Vipul Parekh, Cofounder & CMO, Big Basket added. 

    About bigbasket.com

    bigbasket.com was founded in December 2011 in Bangalore by a team of five - V.S. Sudhakar, Hari Menon, Vipul Parekh, V.S. Ramesh and Abhinay Choudhari. The team has both offline and online retail experience, as they had earlier set up India's first e-commerce site FabMart.com in 1999, and then established the Fabmall-Trinethra chain of more than 200 grocery supermarket stores in southern India. Bigbasket has grown into India's largest online supermarket with over 20,000 products from over 1000 brands and presence in 25 cities across the country including Bangalore, Hyderabad, Mumbai, Pune, Chennai and Delhi-NCR, with plans to expand to other cities soon. bigbasket's online food store offers a variety of products across various categories: fresh fruits and vegetables, grocery and staples, beverages, bread, dairy and egg products, branded foods, meat, personal care and household products. BigBasket.com is committed to making life simpler and grocery shopping a breeze.
     
    About MobiKwik

    MobiKwik is India's largest independent mobile payments network, connecting 30 million users with 75,000+ retailers. Founded in 2009 by Bipin Preet Singh and Upasana Taku, the company has raised three rounds of funding from Sequoia Capital, American Express,Tree Line Asia, MediaTek, GMO Payment Gateway and Cisco Investments. MobiKwik aspires to be the largest source of digital transactions in India.

    One of the leading digital payments platforms for online and offline merchants, MobiKwik is powering payments for IRCTC, Uber, Meru Cabs, Big Bazaar, OYO Rooms, Zomato, PVR, Archies, WHSmith India, BookMyShow, Grofers, Big Basket, Domino's, Burger King, Pizza Hut, eBay, ShopClues, Myntra, Jabong, Pepperfry, Barista, Food Panda, nearbuy, Van Heusen, Allen Solly, Louis Phillips, GoDaddy, MakeMyTrip, Cleartrip, and Yatra.

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    Business Wire India

    Hundreds of global business leaders dedicated to capability and process improvement gathered in Annapolis, Md., May 10-11, for the annual Capability Counts Conference. The CMMI® Institute, a global leader in the advancement of best practices in people, process, and technology, hosted the conference. Attendees experienced a series of workshops, keynotes, and interactive sessions focused on delivering actionable insights on what it means to be a capable, mature organization.

     

    “It was both exciting and rewarding to see global organizations come together to demonstrate their commitment to capability improvement and creating sustainable competitive advantage,” said Kirk Botula, CEO of CMMI Institute. “We achieved our goal in providing an avenue for professionals at all levels to share their experiences connecting strategy to action and driving high performance and agility.”

     

    Three keynote presentations uncovered the top trends that left attendees buzzing:

     
    1. Building capabilities delivers measurable business results in organizations, no matter the industry, no matter the size
    Andreas Kramvis, vice chairman of Honeywell, noted that building capability by achieving CMMI maturity level 5 globally in the company’s software centers is an essential enabler to Honeywell’s business results. In fact, 77 percent of Honeywell’s growth strategy includes $21 billion in sales of software-enabled products.
     
    2. A capabilities-driven strategy creates sustainable, competitive advantage.
    Kirk Grothe, chief executive officer of Livanta, emphasized that every industry is continually evolving, leading to more competition, more activity, more risk, and more failure. Thus, high capability and maturity are central to responding to market conditions, sustaining a competitive advantage, and differentiating between rivals.

    3. High maturity enables real-time capability and process improvement resulting in predictable performance.
    The continuous integration of CMMI and agile processes helps capture defects, so teams can focus on delivering valuable functionality and productivity. Eric Rongley, chief executive officer of Bleum, outlined the keys to routinely delivering zero-defect systems. It is critical to measure everything in real time, because everything is a task that takes time and has some output.

    “People come to conferences like this to maintain their edge on knowledge and market trends. The only way we can compete is by building capability and staying ahead of the trends. How we work, how we behave, how we develop our products and services—it’s the only thing that matters in a competitive environment,” said Jeff Dalton, program chair and CEO of Broadsword, a software performance improvement company.

     

    The Capability Counts Conference also featured the CMMI Institute’s first-ever Capability Challenge, a webinar-based competition that showcased business success stories. Attendees dubbed AEGIS.net the Capability Challenge Champion for tripling revenue after receiving an organization-wide CMMI maturity level 3 rating and streamlining its project and work management capabilities. As he accepted the award, AEGIS.net President Michael Callihan said, “AEGIS.net uses CMMI as a competitive edge to differentiate ourselves in a crowded marketplace, but more importantly to provide a strong foundation of process to support our clients and our own business growth.”

     

    The 2017 Capability Counts Conference is scheduled to take place May 16-17 in Alexandria, Va. For more information on CMMI Institute conferences, visit http://cmmiinstitute.com/conferences.

     

    About CMMI® Institute

     

    CMMI Institute (CMMIinstitute.com) is the global leader in the advancement of best practices in people, process, and technology. The Institute provides the tools and support for organizations to benchmark their capabilities and build maturity by comparing their operations to best practices and identifying performance gaps. For over 25 years, thousands of high-performing organizations in a variety of industries, including aerospace, finance, healthcare, software, defense, transportation, and telecommunications, have earned a CMMI maturity level rating and proved they are capable business partners and suppliers. To learn more about how CMMI can help your organization elevate performance, visit CMMIinstitute.com.

     

     

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    Business Wire India

    Euronet, India’s leading value added services and payment services company has received in-principle approval from RBI to operate as an operating unit under Bharat Bill Payment System (BBPS).

    Bharat Bill Payment System (BBPS) is an integrated bill payment system which offers interoperable bill payment services to customers, both online as well as through a network of physical agents. The system provides multiple payment modes and instant confirmation of payment.

     

    All existing and proposed entities (both bank and non-bank entities) falling within the scope of BBPS, which include all bill aggregation and/or bill payment services, will have to participate in the system either as a Bharat Bill Payment Operating Unit (BBPOU) or as an entity connected through a BBPOU. ‘In-principle’ approvals to operate as BBPOU are conveyed to the applicants that meet all the eligibility requirements, including existing net worth and requisite billing experience as covered under the present scope of Bharat Bill Payment System. Bill payments is a growing business category in India and BBPS is a key step towards the goal of achieving Digital India, an important campaign launched by the Government of India to ensure the country is more digitally empowered.

    Himanshu Pujara, Regional Managing Director, Euronet, India and South Asia said “The Reserve Bank of India received 62 applications for authorisation from non-bank entities and 80 requests for approval from banks to operate as a BBPOU. Under the in-principle approval from RBI, Euronet is named a BBPOU.” Himanshu added, “Bill payments across categories is a big business for Euronet both in India and globally. We are excited to be part of this unique eco-system, being created by NPCI and leverage our global payments processing and operations experience primarily around reconciliation and customer dispute management and work with billers across categories and contribute meaningfully to this program.”

     

    Euronet has the largest mobile pre-payment network in the world and works closely with over 200 mobile operators. Euronet has been providing digital bill payment services in India for more than a decade and is integrated with all mobile and DTH operators. Additionally, Euronet India has expanded its products and services portfolio from mobile and DTH to facilitation of digital gift vouchers and other differentiated content of key online domestic and overseas merchants.
     
    Being part of Bharat Bill Payment System eco-system; Euronet will have the best advantage of channel and services augmentation in order to emerge as leading contributor to Reserve Bank of India’s vision of having a national bill payment system which will offer bill payment services for recurring payments including utilities (electricity, water, gas), telephone and mobile (pre-paid and post-paid bill payments), DTH, Insurance, education fee payment as well as many other payments.
      
    About Euronet
     
    Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, cash-based and online-initiated consumer-to-consumer and business-to-business money transfer services, and electronic distribution of prepaid mobile phone time and other prepaid products.
     
    Euronet's global payment network is extensive - including 24,761 ATMs, approximately 129,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 50 countries; card software solutions; a prepaid processing network of approximately 658,000 POS terminals at approximately 301,000 retailer locations in 34 countries; and a global money transfer network of approximately 310,000 locations serving 150 countries. With corporate headquarters in Leawood, Kansas, USA, and 58 worldwide offices, Euronet serves clients in approximately 165 countries. For more information, please visit the Company's website at www.euronetworldwide.com


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    Business Wire India

    Taiyo Pacific Partners announced today that it has accumulated in excess of 5% in HITACHI MAXELL, LTD. (6810) to become the 2nd largest shareholder. Hitachi Maxell (the “Company” or “Maxell”) is a global leading provider of micro batteries, camera lens and LED headlamp lens for cars. Taiyo Pacific Partners is a pioneer of friendly engagement investing in Japan and has been proactively working with senior management at its portfolio companies to enhance shareholder value for over 13 years.

     

    Brian K. Heywood, Chief Executive Officer and Founding Partner of Taiyo Pacific Partners, said, “The demise of cassette tapes and CD-ROMs means you probably haven’t heard the name Hitachi Maxell in a while but you might still remember the iconic 1980s advertisement “Blown Away Guy” that depicted the superior quality of their audio tapes. In fact, Hitachi Maxell may be the perfect representative of how investors often view Japan: ‘you used to make cool stuff but what do you do now?’ At Taiyo, we spend a lot of time looking under the hood of potential investments trying to find overlooked companies like Hitachi Maxell that have technology coded in their DNA and that are likely to surprise everyone on the upside. Over the next several years, we fully expect that President Senzai will lead a revamped company with the development of new and exciting products that only Hitachi Maxell can create. We are confident our investors will be well rewarded for our stake in this new holding.”

     

    Michael A. King, Chief Investment Officer and Founding Partner of Taiyo Pacific Partners, said, “Hitachi Maxell has had many successes during its 56-year history, including being the first company to develop alkaline batteries and audio tapes in Japan. Currently, auto-related products such as TPMS battery (micro battery), camera lens unit and LED headlamp lens are the key drivers for growth and profit. We expect the Company to further increase overall profitability and ROE, but the market has not yet appreciated the full potential of Maxell.”

     

    President Yoshihiro Senzai commented, “Hitachi Maxell aims to achieve its vision of ‘Supporting a ‘Smart Life’ and providing ‘Relaxation’ and ‘Enrichment’’. We want to create competitive advantage and achieve long-term growth by focusing on ‘Analogue-Core Technology’, ‘Manufacturing Know-How (‘Monozukuri-ryoku’)’ and ‘Globalization’. We believe we can create value for our customers by developing new products and services that drive growth in our ‘Automotive,’ ‘Home Life & Infrastructure,’ and ‘Health & Beauty Care’ areas. We are pleased to have a long-term investor like Taiyo that deeply understands and supports our core strength in product development as well as our management visions. We very much look forward to our long-term partnership. In this fast-changing world, we are convinced that we can satisfy our customer needs in the future. We will focus on increasing corporate value by maintaining a good relationship with all of our stakeholders.”

     

    Taiyo Pacific Partners is one of the largest engagement funds in Japan investing in publicly-listed Japanese small- and mid-cap companies. The firm has a diverse and synergistic investment team of 20 bi-lingual professionals with over 320 combined years of Asia-related work experience. Since its founding in 2003, Taiyo Pacific Partners has attracted assets from some of the largest and most widely known institutions in the world including public pensions, sovereign wealth funds, and leading endowments in the U.S., Europe, and Japan.

     

     

     

     

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    Business Wire India

    BBPOS has announced the launch of WisePadTM2; advanced technology developed by innovative engineers. The WisePadTM2 can be used in an integrated or semi-integrated POS environment as well as a stand-alone environment connecting to the payment processor or gateway via GPRS, 3G or Wi-Fi.

     

    This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160525005100/en/

     

    WisePadTM2 reads EMV chip card, triple track magnetic stripe card, NFC card and has a secured PIN pad. Compact and lightweight at 3.7oz (105g), it is mobile and flexible. The WisePadTM2 also has standard over-the-air features allowing both firmware updates and key injection that are essential in increasing operational efficiency as well as having a 2G/3G modem to allow direct connectivity to the network.

     

    WisePadTM2 complies with all major industrial security standards including PCI PTS v4.1 with SRED; EMV L1 & L2; EMV Contactless L1; VISA payWave; MasterCard PayPass; AMEX ExpressPay; Discover D-PAS; and MasterCard TQM.

     

    WisePadTM2 will be widely adopted as a mobile solution working with a smart device or as a stand-alone solution. It will also be a good alternative to conventional counter-top POS devices in countries which use Chip and PIN payment systems, such as China and in Europe. The non-NFC versions have been used at a number of key events and by merchants. For example, at the Dubai World Cup, customers had the flexibility and convenience of not waiting in long queues to purchase tickets and, instead, were able to use their debit or credit cards via roaming staff who were using tablets and WisePadTM.

     

    WisePadTM2 is the future of mPOS - delivering a cost effective solution with convenient updating and a wide range of applications. Please visit our website for more details.

     

    BBPOS
    www.bbpos.com

     

    WisePadTM2
    http://bbpos.com/files/bbproducts/11-WP2_A4_Catalogue_20160523.pdf

     

    About BBPOS

     

    Founded in 2008, BBPOS is an mPOS solution provider headquartered in Hong Kong with regional offices in San Jose, Miami, London, Singapore and Shanghai. The business invented the mobile payment audio jack at a time when smart phones were in their infancy. Today, we are respected as a leading innovator, designer, and manufacturer of end-to-end mobile POS solutions, serving key sectors including mobile merchant, retail, hospitality, delivery, transport and government.

     

    Our world-class engineering team has developed a family of innovative POS devices that deliver quality solutions while implementing the highest security standards. Our products are designed with the flexibility to securely manage any transaction, in any environment, anywhere in the world. In March 2016, mPOS tracker ranked BBPOS 6th among 212 global payment industry players with a high score of 70.

     

     

     

     
    MULTIMEDIA AVAILABLE :
    http://www.businesswire.com/news/home/20160525005100/en/

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