Welcome!

Apache Authors: Gil Allouche, Liz McMillan, William Schmarzo, Christopher Harrold, Elizabeth White

News Feed Item

Value Exchange International Limited Secures Multi-Year Software as a Service Agreement With One of Asia's Largest Retail Conglomerates

Value Exchange International Ltd, a Retail Technology Company, Has Signed an Agreement With One of Asia's Largest Retail Companies for the Implementation of Their Proprietary Mobile Loyalty Software Solution

HONG KONG, CHINA -- (Marketwired) -- 06/10/14 -- Value Exchange International Limited (VEI), a leading technology company incorporated in Hong Kong, providing innovative digital technology solutions primarily for the retail industry, is pleased to announce they have signed a multi-year Blanket Purchase Agreement (BPA) with a leading Asian retail conglomerate for the implementation of their flagship Software-as-a-Service (SaaS) based mobile loyalty solution.

The software is expected to service over 1,000 outlets of the leading retailer in the Hong Kong (SAR) region, which are operated and franchised under some of the world's leading international retail brands. This is the first move before eventually expanding to other associated brands and to the Greater China and the Asia-Pacific market.

Under the terms of the BPA, the services will launch in October 2014 and cover a two-year period, with term of renewal for another one year. The current agreement value of US$ 350,000 is expected to exceed US$ 5.6 million in returns if deployed at the aforementioned brand partners.

VEI's proprietary mobile Stored Value Card (mSVC) solution is an omnichannel mobile loyalty solution designed to help merchants tailor their business in countless ways to reinforce their brand image and philosophy, streamline core business processes, and enable customer-friendly policies. Offered through a SaaS architecture, the solution is easy to deploy and maintain. It further allows the integration of point-of-sale data with data gathered from mobile interactions to provide a more enhanced and valuable inventory of data that the VEI expects will be of great interest to clients, advertisers and brands.

This implementation aims to connect the leading retail conglomerate and its partners to its customers. This latest development symbolizes a key milestone for VEI following the earlier announcement of another strategic partnership with US listed payments processing company, Sino Payments Inc. (OTC Pink: SNPY) (PINKSHEETS: SNPY). With these two new developments, VEI is poised to become a worldwide leader in digital technology services among retailers.

SNPY has a strong customer base in the Point-of-Sale (POS) in the region. The merger of SNPY and VEI will add new value to the SNPY Group's retail solution offerings by enhancing the functionality of the overall retail business model. By integrating VEI's expertise in mSVC and digital technology to the SNPY Group's existing portfolio, this merger offers significant potential to harmonize the operations of all related entities. Furthermore, this new contract would not only contribute to the SNPY Group's business revenue but also to its organizational growth in the ever-evolving digital technology industry.

Kenneth Tan, CEO of VEI, proclaimed, "This deal will be a complete game changer for our mobile marketing company and an evolution in the overall checkout process. With mSVC and the use of digital rewards, we help brands and retailers track customer behavior, enabling them to deliver personalized offers to boost traffic and increase sales. We are confident mSVC will revolutionize the way uses mobile marketing and loyalty rewards for their business and act as an integral piece of their customer retention strategy."

VEI's impressive client list includes some of the largest and most well-known Asian retail merchants. These include:

  • Dairy Farm International Holdings Limited (HKSAR) - Dairy Farm is a leading pan-Asian retailer. At 30th June 2013, the Group and its associates and joint ventures operated over 5,700 outlets; employed over 97,000 people and had total annual sales in 2012 exceeding US$11 billion. The Group operates supermarkets, hypermarkets, convenience stores, health and beauty stores and home furnishings stores under well-known brands. The Group has a 50% interest in Maxim's, Hong Kong's leading restaurant chain. Dairy Farm International Holdings Limited is incorporated in Bermuda and has a premium listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. Dairy Farm is a member of the Jardine Matheson Group.

  • Sa Sa International Holdings Limited (HKSAR) - Asia's leading cosmetics company principally engaged in the retailing and wholesaling of cosmetic products, The Company operates in two segments: retail segment, engaged in the operation of cosmetics specialty stores, which offer a variety of products from over 600 beauty brands, covering a wide of products from skin care, fragrance, make-up, body care and hair care to health foods, and brand management segment, engaged in the management of over 100 beauty brands.

  • German Pool Ltd (HKSAR) - Home appliance retail giant specialized in the manufacturing, distribution and marketing of an impressive inventory of high-quality domestic appliances and applications for over 30 years, operating from more than 700 retail outlets and major department stores in Hong Kong with a direct presence in the USA, Canada, UK, Germany and the People's Republic of China.

About Sino Payments Inc., (www.sinopayments.com)
Sino Payments is a US public company and leading provider of customer-centric solutions for the retail industry. By integrating market-leading Point-of-Sales/Point-of-Interaction (POS/POI) and retail solutions, Sino Payments provides retailers with the capability to offer a consistent shopping experience across all channels, all the time, enabling them to easily and effectively manage the customer lifecycle on a one-to-one basis. Sino Payments has registered office in Hong Kong and direct presence in Shenzhen, Guangzhou, Shanghai, Beijing, and Manila with over 200 staff.

About VEI (www.value-exch.com)
Value Exchange International (VEI) is a company that provides system integration, consultancy services and a wide range of IT services and solutions to various organizations, primarily in the retail sector. VEI integrates essential components of shopping into an omnichannel platform to enhance the consumer shopping experience and ensure retail commerce success. VEI helps retailers to truly blur the lines between Web, retail, mobile, catalog, call center and kiosk, taking the best of each channel and making it possible across all channels. VEI is headquartered in Hong Kong and has direct presence in Beijing, Shanghai, Guangzhou, Shenzhen, Jakarta and Manila.

FORWARD-LOOKING STATEMENTS
Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Sino Payments, Inc. or other related entities results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Sino Payments, Inc. or other related entities undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
Large scale deployments present unique planning challenges, system commissioning hurdles between IT and OT and demand careful system hand-off orchestration. In his session at @ThingsExpo, Jeff Smith, Senior Director and a founding member of Incenergy, will discuss some of the key tactics to ensure delivery success based on his experience of the last two years deploying Industrial IoT systems across four continents.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...