
ShopBack and Mastercard Partner to Deliver Exclusive Cashback Rewards for Hong Kong Online Shoppers
This collaboration between ShopBack and Mastercard reinforces ShopBack's commitment to maximizing financial benefits for users while providing an integrated and hassle-free shopping experience, upholding ShopBack's philosophy: 'If it's not a steal, it's not a ShopBack Deal.' From now until June 30, 2025, eligible Mastercard cardholders in Hong Kong can unlock an additional 5% cashback when shopping at renowned brands such as UNIQLO, FARFETCH, Nike, Selfridges, NET-A-PORTER and more via the ShopBack app. Furthermore, Mastercard cardholders are now automatically enrolled in the 2025 Mastercard Golden Rewards Lucky Draw Campaign [1], earning one entry for every eligible transaction made until June 30, 2025 and stand a chance to win exciting prizes in spending credit. This exclusive promotion is designed to offer users effortless rewards, with no minimum spend and no complex service terms required[2].
Once users complete qualifying purchases, cashback will be automatically credited to their ShopBack accounts upon merchant confirmation, with instant redemption options available through FPS or as cash dollars. Whether booking hotels and flights for their next getaway, ordering their favorite takeout, or shopping online, shoppers can earn cashback effortlessly on all these purchases, maximizing their rewards while enjoying the convenience of streamlined spending.
Mr. Arthur Wan, General Manager of Hong Kong & Taiwan at ShopBack, stated: 'Our partnership with Mastercard marks an exciting milestone for ShopBack as we continue to create innovative ways to reward our users. With this simple and seamless promotion, we're making online shopping even more enjoyable while strengthening our commitment to delivering value to Mastercard cardholders and our customers. We look forward to growing together with Mastercard in the years ahead.'
The strategic collaboration between ShopBack and Mastercard marks a significant milestone in digital rewards innovation, offering shoppers cashback benefits while driving customer engagement, loyalty, and transaction growth. Beyond immediate perks, this partnership establishes a sustainable rewards ecosystem, positioning ShopBack as Asia's leading cashback platform and Mastercard as a preferred payment partner for value-driven shopping experiences. With market expansion, fintech innovation, and future-focused incentives, this alliance paves the way for long-term success in the evolving e-commerce landscape.
[1] Monthly Lucky Draw Trade Promotion Competition Licence: 59819-21; Quarter Lucky Draw Trade Promotion Competition Licence: 59816-8.
Mastercard on ShopBack only for ShopBack app.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Sun
a day ago
- The Sun
Sunlight Real Estate Investment Trust ('Sunlight REIT') Interim Results for the Six Months Ended 30 June 2025
HONG KONG SAR - Media OutReach Newswire - 11 August 2025 - Henderson Sunlight Asset Management Limited (the 'Manager') announces the interim results of Sunlight REIT for the six months ended 30 June 2025 (the 'Reporting Period'). Sunlight REIT recorded a 4.8% year-on-year decline in revenue to HK$391.2 million for the Reporting Period. Net property income was down by 5.4% to HK$307.4 million and the cost-to-income ratio was 21.4%. Distributable income was relatively sturdy with a mild drop of 1.8% to HK$168.6 million, reflecting the positive impact from an approximately 14% savings in cash interest expense to HK$91.5 million. The Board has resolved to declare an interim distribution per unit of HK 9.1 cents, representing a payout ratio of 93.8% and an annualized distribution yield of 8.1% based on the closing price of HK$2.26 on the last trading day of the Reporting Period. At 30 June 2025, the appraised value of Sunlight REIT's real estate portfolio was HK$17,630.5 million. Total assets stood at HK$18,220.2 million, while its net assets attributable to unitholders came in at HK$12,634.1 million, implying a net asset value of HK$7.27 per unit. Operating Highlights The overall occupancy rate of Sunlight REIT's portfolio at 30 June 2025 was 89.2% as compared to 91.3% at 31 December 2024, of which the office occupancy rate dropped to 90.0%, while the retail occupancy rate came in at 87.6%. At 30 June 2025, the passing rent of the office portfolio declined mildly by 1.2% from six months ago to HK$31.7 per sq. ft., while that of the retail portfolio was stable at HK$65.5 per sq. ft. At 30 June 2025, the occupancy rate of Dah Sing Financial Centre was 90.6%, while its passing rent remained steady at HK$36.3 per sq. ft. As for the retail portfolio, Sheung Shui Centre Shopping Arcade recorded a lower occupancy rate of 87.0% at 30 June 2025, but its passing rent registered a slight improvement to HK$105.2 per sq. ft. Meanwhile, due to the departure of an education tenant in the second quarter of 2025, the occupancy rate of Metro City Phase I Property slipped to 87.1%, while its passing rent was HK$53.9 per sq. ft. Mr. Au Siu Kee, Alexander, Chairman of the Manager, said, 'Hong Kong's commercial property market has yet to benefit from a more stable economic setting as the ongoing headwinds remain stiff, and the pressure of negative rental reversion is likely to stay. However, we are delighted to report that the refinancing of borrowings maturing in the next 12 months is progressing smoothly with favourable indicative pricing, underscoring the financial strength of Sunlight REIT. In sum, while it is envisaged that operational hurdles are bound to persist, the possibility of lower funding costs may help alleviate pressure on distributable income.' Remarks: Attached financial highlights of 2025 interim results of Sunlight REIT. Financial Highlights of 2025 Interim Results (in HK$' million, unless otherwise specified) Note: The comparative figures are derived from the condensed interim financial statements for the 12 months ended 30 June 2024. Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.


The Sun
2 days ago
- The Sun
Asian Firms Divided on Insolvency Outlook Amid Ongoing Trade Challenges
HONG KONG SAR - Media OutReach Newswire - 11 August 2025 - The 2025 edition of the Atradius Payment Practices Barometer survey for Asia reveals a nearly even split between businesses expecting stable payment behaviour from their customers and those foreseeing a deterioration in payment risk in the coming months. The survey, conducted in the second half of Q2 2025 across China, Hong Kong, India, Indonesia, Japan, Singapore, Taiwan, and Vietnam, highlights regional resilience amid rising financial vulnerabilities driven by global trade policy uncertainty, liquidity constraints, and worsening B2B payment behavior. Late payments affect 44% of B2B credit sales, with bad debts averaging 5%—a seemingly modest figure that nonetheless significantly impacts profitability. Businesses cite customer liquidity issues, delays in customers' payment processes, invoice disputes and supply chain disruptions as the top reasons for late payments. The survey also found that three in five Asian companies (60%) have expanded trade credit offerings but kept payment terms steady to limit exposure to payment risks while maintaining customer loyalty and encouraging sales. Furthermore, the survey shows, 54% of all B2B sales are transacted on credit with 48-day average payment terms, highlighting the central role credit plays in financing trade across Asia. Bank loans, invoice financing and internal funds have served as the other key sources of funding over the past 12 months. Looking ahead, the survey's findings depict a region also divided on considerations such as inventory turnover and days sales outstanding (DSO) - the time taken to collect payments - but united in acknowledging and anticipating macro challenges, such as the influence of increased trade uncertainties, growing regulatory compliance burdens and the pressures to adopt sustainable practices to address environmental concerns. At the same time, projections of sales and profitability across Asia remain cautiously optimistic as indicated by companies' plans to manage payment risk. In this scenario, balancing the dual needs of liquidity and risk management will be pivotal for success in the months ahead, the survey concludes. 'The latest findings from our Payment Practices Barometer for Asia reveal critical insights into the operational challenges faced by businesses. Issues like increasing bad debts, trade policy uncertainties, compliance pressures, and sustainability initiatives are prominent. However, there is also cautious optimism as companies acknowledge these challenges and explore solutions,' stated Eric den Boogert, Managing Director of Atradius in Asia. 'This includes adapting to market changes and ensuring optimal liquidity while effectively managing risk through strategies like outsourcing credit risk management to enhance traditional internal measures.' The 2025 Atradius Payment Practices Barometer for Asia report can be found here.


The Sun
2 days ago
- The Sun
Schneider Electric reports significant sustainability milestones in Q2 2025
HONG KONG SAR - Media OutReach Newswire - 11 August 2025 - Schneider Electric, the leader in the digital transformation of energy management and automation, today announced its Q2 2025 extra-financial results, marking a pivotal moment as the company enters the final stretch of its 2021–2025 Schneider Sustainability Impact (SSI) program. With six months remaining, Schneider Electric continues to demonstrate its commitment to measurable, inclusive, and transformative progress across its Environmental, Social, and Governance (ESG) goals. The company's SSI score reached 8.06 out of 10 this quarter, reflecting sustained momentum across key sustainability pillars. A quarter marked by global recognition and ground-level impact This quarter, Schneider Electric was honored as the World's Most Sustainable Company by TIME and Statista for the second consecutive year. This recognition follows its recent distinction as Europe's Most Sustainable Corporation by Corporate Knights, reinforcing the company's leadership in sustainability. Beyond accolades, Q2 2025 delivered tangible results. Schneider Electric surpassed its goal of training 1 million people in energy management, a cornerstone of its commitment to inclusive energy transition and youth empowerment. This milestone, aligned with World Youth Skills Day 2025, is driven by the Youth Education & Entrepreneurship Program, active in over 60 countries. The program equips underserved communities with technical and entrepreneurial skills to participate in the energy transition. Recent initiatives highlight the program's global reach and impact: In Cox's Bazar, Bangladesh, digital twin technology is used to train displaced communities in solar repair and e-waste recycling. The Conserve My Planet program engages students in India, Kenya, Vietnam, and Thailand through hands-on sustainability projects. In Brazil, mobile training benches bring renewable energy education to incarcerated youth, supporting reintegration and reducing recidivism. These initiatives share a common thread: when education meets technology and purpose, systemic change becomes possible. Sustained progress across key sustainability pillars Schneider Electric also reported continued progress across several core sustainability indicators: --> 734 million tonnes of CO₂ emissions saved and avoided for customers since 2018, crossing the 700-million-tonne milestone. --> Supply chain decarbonization efforts continue to gain momentum, as operational CO₂ emissions from Schneider Electric's top 1,000 suppliers were reduced now by 48%, just two points away from the year-end target. This reflects the growing impact of the Zero Carbon Project, which combines local solutions, on-site support, renewable energy insights, and targeted training. --> The Decent Work Program reached 79% coverage in Q2 2025, up 39 points year-over-year, reflecting improved working conditions and compliance, particularly in the Middle East and East Asia & Japan. 'As an impact company and the World's Most Sustainable Company, we believe that education is one of the most powerful drivers of long-term transformation. Surpassing 1 million people trained in energy management is a proud moment, and a reminder of what's possible when purpose meets action,' said Esther Finidori, Chief Sustainability Officer. 'With six months left in our 2021-2025 Schneider Sustainability Impact program, our priority is clear: accelerate with determination and deliver lasting impact.' For a detailed view of all indicators and progress, please refer to the full Q2 2025 Schneider Sustainability Impact report, including the latest progress dashboard. Recent recognitions: --> Schneider Electric ranked #1 in the prestigious Gartner Top 25 Supply Chain 2025 after 10 consecutive years on the list --> Schneider Electric is recognized in the 'Impact for Sustainability' category of the inaugural TIME100 Companies Impact awards --> Schneider Electric is awarded 'Best ESG Information' by the Labrador Transparency Awards --> Schneider Electric received the 'Corporate Social Excellence' award from the Rutgers Institute, recognizing 16 years of impact investing --> Schneider Electric is named one of Europe's Best Employers by the Financial Times