Welcome!

Apache Authors: William Schmarzo, Christopher Harrold, Elizabeth White, Talend Inc., Adrian Bridgwater

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
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
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, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
IoT device adoption is growing at staggering rates, and with it comes opportunity for developers to meet consumer demand for an ever more connected world. Wireless communication is the key part of the encompassing components of any IoT device. Wireless connectivity enhances the device utility at the expense of ease of use and deployment challenges. Since connectivity is fundamental for IoT device development, engineers must understand how to overcome the hurdles inherent in incorporating multipl...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry's single source for the cloud. Fusion's advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...