SUNRATE Secures Payment Business Licence In China
'This acquisition represents a strategic step in SUNRATE's ongoing commitment to enhancing our global licensing framework and ensuring compliant operations in all jurisdictions, whether through direct licensing or strategic partnerships,' said Paul Meng, co-founder at SUNRATE.
With the addition of this licence, SUNRATE gains greater access to one of the world's most important and dynamic markets. This further complements SUNRATE's regulatory presence in key jurisdictions including Singapore, Hong Kong SAR, the United Kingdom, and Indonesia, with further regulatory milestones in other jurisdictions to be announced in due course.
Hashtag: #SUNRATE
The issuer is solely responsible for the content of this announcement.
About SUNRATE
SUNRATE is a global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.
With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan and is the principal member of both Mastercard and Visa. To learn more about SUNRATE, visit https://www.sunrate.com/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
2 hours ago
- Business Insider
Chinese and Indian automakers race to Africa's richest nation amid US trade barriers
South Africa is rapidly cementing its role as a gateway for international automakers, particularly from China and India, with several major brands preparing to launch or expand operations in the country in the coming months. South Africa is emerging as a strategic hub for international automakers, gaining prominence as an entry point to African markets. Prominent brands like Leapmotor, LDV, and Tata Motors are committing to expanding their presence in South Africa in the near future. These developments highlight South Africa's growing influence within the BRICS trade network and as a leader in the continent's EV market. South Africa has recently witnessed a wave of announcements from carmakers such as Leapmotor, LDV, and Tata Motors, all signaling plans to expand into Africa's richest nation. The flurry of activity reflects growing momentum in the continent's automotive sector, as manufacturers seek to capture new markets amid shifting global trade dynamics. The development comes against the backdrop of South Africa's strained relations with the United States, where recent tariff measures have unsettled trade flows. Pretoria has responded by accelerating efforts to diversify its partnerships, turning to Asian and emerging-market players to reduce reliance on Washington. The moves underscore the country's growing influence in the African auto sector and its strategic role within BRICS trade dynamics. Leapmotor, LDV and Tata Motors eye African expansion Chinese new-energy vehicle (NEV) brand Leapmotor is preparing to enter the South African market in September 2025, marking a significant milestone for the Stellantis-backed company. The company will debut the C10 extended-range electric vehicle (EREV) at select Stellantis NV dealerships, with additional models expected next year. Stellantis, Europe's second-largest automaker, holds a 20% stake in Leapmotor and will provide its established sales infrastructure to support the brand's regional rollout. The C10 follows Leapmotor's successful debut in Mauritius, with the company reporting record-breaking deliveries of 48,006 vehicles in June, marking its second consecutive month of record sales. With its focus on electric vehicles, Leapmotor will cater to South Africa's growing demand for sustainable mobility. Mike Whitfield, managing director of Stellantis South Africa and Sub-Saharan Africa noted, 'South Africa offers the right combination of infrastructure, consumer demand, and regional connectivity to grow EV adoption,' Meanwhile, LDV, a sub-brand of China's SAIC Motor Corporation, is preparing to launch its new Terron 9 bakkie at the Festival of Motoring at the Kyalami Grand Prix Circuit from August 28 to 31, 2025. The large pickup aims to compete in South Africa's premium segment alongside models like the Ford Ranger Wildtrak and GWM P500. Since its South African debut last year, LDV has primarily focused on the T60 midsize bakkie for private households. Bevan Nel, CEO of LDV South Africa, described the Terron 9 as the brand's flagship vehicle for the market, 'Exciting times are near as we prepare to launch the Terron 9 at the end of August, starting off with an exclusive sneak peek, we are excited to bring this powerhouse to the South African market.' He said. India's Tata Motors is also making a strategic return to South Africa's passenger vehicle market, targeting SUVs, crossovers, and hatchbacks. According to CarMag, The automaker had stopped exporting cars to the African market in 2017-18, but has now partnered with Motus Holdings Ltd, South Africa's leading passenger vehicle retailer, to distribute its vehicles. The company plans a launch event on August 19, 2025, highlighting both sales and local value creation, including employment across service, parts distribution, and technician training. 'South Africa is an important market in our global expansion journey, ' Yash Khandelwal, head of International Business at Tata Motors Passenger Vehicles said. ' With our class-leading products and a reputed partner in Motus, we are here to offer our South African customers a choice of vehicles that are safe, stylish, and innovation-driven. ' He added. The convergence of these launches underscores South Africa's growing role as Africa's automotive and EV hub, bolstered by BRICS partnerships with China and India. The country's established dealership networks, manufacturing capabilities, and consumer base make it a launchpad for new-energy and mass-market vehicles across the continent. Analysts suggest that South Africa's influence in automotive trade will only increase as more BRICS-based manufacturers view the country as a gateway to Sub-Saharan markets.
Time Business News
8 hours ago
- Time Business News
Best and Reliable Components And China PCB In Peshawar
China has become a global leader in PCB manufacturing, offering cutting-edge technology and cost-effective solutions. In Peshawar, the demand for high-quality China PCBs is growing due to their reliability and versatility. Here's why they stand out: Cost-Effectiveness : China PCBs are manufactured at scale, reducing production costs while maintaining quality. This makes them ideal for businesses in Peshawar looking to optimize budgets. : China PCBs are manufactured at scale, reducing production costs while maintaining quality. This makes them ideal for businesses in Peshawar looking to optimize budgets. Advanced Technology : Chinese manufacturers use state-of-the-art equipment, ensuring precision and durability in every PCB. : Chinese manufacturers use state-of-the-art equipment, ensuring precision and durability in every PCB. Customization Options : From single-layer to multi-layer boards, China PCB suppliers offer tailored solutions for various applications. : From single-layer to multi-layer boards, China PCB suppliers offer tailored solutions for various applications. Fast Turnaround: With efficient logistics, imported PCBs from China reach Peshawar quickly, minimizing project delays. For the best deals on imported PCBs, visit SunTech Mall, a trusted platform for sourcing high-quality components. While local suppliers in Peshawar offer convenience, they often lack the variety and advanced technology of China PCB suppliers. Local options may have higher costs due to limited production capabilities, whereas China's large-scale manufacturing ensures competitive pricing. However, local suppliers can be ideal for urgent, small-scale orders. Weighing these factors helps you choose the best source for your needs. When sourcing reliable components in Peshawar, quality is non-negotiable. Here's what to prioritize: Single-Layer PCBs : Ideal for simple electronics like calculators or LED lights. : Ideal for simple electronics like calculators or LED lights. Double-Layer PCBs : Suitable for more complex devices like power supplies. : Suitable for more complex devices like power supplies. Multi-Layer PCBs : Perfect for advanced applications like smartphones or medical equipment. : Perfect for advanced applications like smartphones or medical equipment. Flexible PCBs: Used in wearable tech and compact devices. SunTech Mall offers a wide range of these PCB types, ensuring you find the perfect match for your project. To ensure you're getting reliable components, check for: Certifications : Look for ISO 9001 or RoHS compliance to guarantee quality. : Look for ISO 9001 or RoHS compliance to guarantee quality. Material Quality : High-grade copper and fiberglass ensure durability. : High-grade copper and fiberglass ensure durability. Supplier Reputation : Read reviews and ask for samples before bulk orders. : Read reviews and ask for samples before bulk orders. Warranty and Support: Reliable suppliers offer warranties and technical support. Peshawar hosts several suppliers for electronic components, but not all meet the mark for reliability and quality. Here's a closer look: SunTech Mall : A leading platform offering a vast selection of China PCBs and electronic components. Known for competitive pricing and fast delivery. : A leading platform offering a vast selection of China PCBs and electronic components. Known for competitive pricing and fast delivery. Local Electronics Markets : Markets like Qissa Khwani Bazaar offer components but may lack the variety of imported options. : Markets like Qissa Khwani Bazaar offer components but may lack the variety of imported options. Online Marketplaces: Platforms like Daraz occasionally stock PCBs, but quality can vary. For consistent quality and variety, SunTech Mall stands out as the top choice. Many China PCB suppliers have established connections with Pakistani distributors, streamlining imports to Peshawar. These partnerships ensure faster shipping and better pricing. SunTech Mall collaborates with vetted Chinese manufacturers, making it a reliable source for high-quality PCBs. Understanding the PCB manufacturing process helps you make informed sourcing decisions. Here's an overview: Design Submission: Share your PCB design with the supplier, ensuring compatibility with their manufacturing capabilities. Material Selection: Choose materials like FR4 or aluminum based on your project needs. Production: Manufacturers etch, drill, and assemble the PCB. Quality Testing: Reliable suppliers test for functionality and durability. Shipping: Imported PCBs are shipped to Peshawar, typically within 7-14 days. SunTech Mall simplifies this process by offering a seamless ordering experience. Material Costs : High-quality materials increase costs but improve performance. : High-quality materials increase costs but improve performance. Order Volume : Bulk orders often reduce per-unit prices. : Bulk orders often reduce per-unit prices. Shipping Fees : International shipping can add to costs; choose suppliers with efficient logistics. : International shipping can add to costs; choose suppliers with efficient logistics. Customizations: Complex designs or multi-layer PCBs may raise prices. Using high-quality China PCBs in Peshawar offers numerous advantages for electronics projects: Local Startup Success : A Peshawar-based IoT startup used China PCBs from SunTech Mall to develop smart home devices, cutting costs by 30%. : A Peshawar-based IoT startup used China PCBs from SunTech Mall to develop smart home devices, cutting costs by 30%. Educational Projects: Universities in Peshawar sourced reliable components for student projects, improving learning outcomes. Regular Cleaning : Use isopropyl alcohol to remove dust and debris. : Use isopropyl alcohol to remove dust and debris. Proper Storage : Store PCBs in anti-static bags to prevent damage. : Store PCBs in anti-static bags to prevent damage. Routine Inspections: Check for wear or corrosion to extend PCB lifespan. While China PCBs offer many benefits, sourcing them can present challenges. Here's how to address them: Customs Delays : Work with suppliers like SunTech Mall that handle customs paperwork efficiently. : Work with suppliers like SunTech Mall that handle customs paperwork efficiently. Language Barriers : Choose platforms with English-speaking support for seamless communication. : Choose platforms with English-speaking support for seamless communication. Shipping Costs: Opt for bulk orders to reduce per-unit shipping expenses. Request Samples : Test samples before placing large orders. : Test samples before placing large orders. Check Certifications : Ensure suppliers meet international standards like IPC-A-600. : Ensure suppliers meet international standards like IPC-A-600. Read Reviews: Customer feedback on platforms like SunTech Mall helps gauge reliability. The best PCBs in Peshawar are often imported from China due to their quality and affordability. Multi-layer and flexible PCBs are popular for advanced projects. SunTech Mall is a top choice for sourcing these. Search online platforms like SunTech Mall, visit local markets, or check supplier reviews on forums. Prioritize suppliers with certifications and good customer support. Read this post also: 100 Ohm 1W 2512 1% SMD Resistor – Best and Reliable TIME BUSINESS NEWS
Newsweek
11 hours ago
- Newsweek
Miami Housing Market Sees South American Takeover
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Foreign homebuyers are increasing their presence in Miami, even as concerns around the impact of the Trump administration's tariffs on the U.S. economy grow and Florida experiences a deep market correction. Buyers from outside the United States represented nearly half (49 percent) of all buyers of new construction in the Miami metropolitan area in the 18 months ending June 2025, according to a recent report by Miami Realtors. A vast majority of these buyers (86 percent) came from Latin American countries. "The demand from Colombia, Mexico, and Argentina isn't slowing down, it's accelerating," real estate broker Ryan Serhant, founder and CEO of Serhant, said in the report. This increase may have "something to do with global uncertainty, in particular in South America, where there is high inflation and political turmoil," Yuval Golan, founder and CEO of Waltz, told Newsweek. "To combat this, Latin Americans may be seeking to preserve their wealth in USD through U.S. real estate." Why Are So Many Foreigners Buying New Homes in Miami? According to Golan, a combination of convenience and financial incentives is pushing internationals toward buying new builds in the Magic City. "New development buildings often offer amenities like pools, gyms, dog parks, and may even have front doormen. A new build typically has fewer maintenance issues, making it easier to manage from abroad than older inventory," he said. This is particularly true considering the current headwinds hitting the Florida condo market. The state, especially its southwest region, has struggled with a sudden rise in condo inventory in recent months following the implementation of new building safety regulations, threatening higher fees for condo associations and owners. Under the new rules, introduced after the Surfside collapse of June 2021, condo associations in Florida are required to conduct regular inspections on aging buildings and fully fund future repairs. These requirements make newly built condos a safer investment for international buyers than many older condos in poor condition in the city. Another reason making new builds so appealing to international buyers, Golan said, is that some builders are offering hefty discounts to those willing to invest in the condo project before it's completely built. This kind of incentive has become more common among Florida developers in recent months, as sales have slumped and inventory has grown. The Trump administration's policies are also making investing in the American real estate market more interesting for international buyers. "This administration encourages real estate investment with tax incentives such as the Big Beautiful Bill, which offers bonus depreciation on real estate, among other benefits," Golan said. "There are also programs that encourage wealthy individuals around the world to invest in America to obtain a visa." How the So-Called 'Capital of Latin America' Is Keeping Its Nickname Miami already has the largest proportion of Hispanic and Latin American residents in the U.S., accounting for about 70 percent of its population. It's no surprise, then, that the city attracts many real estate investors from Latin America. "For many people living in Latin America, Miami is the bridge between their home country and the United States, where there are many cultural ties. This gives buyers from these places a sense of familiarity with their home country cuisine found in the city, and they can hear their language spoken," Golan said. "It builds trust because these buyers could very well have relatives who live in the U.S. or, at the very least, be able to speak their native language with real estate agents, contractors, property managers, lenders, and other people they would need to interact with to buy a property." Condo buildings in downtown Miami, Florida, as seen on August 1, 2025. Condo buildings in downtown Miami, Florida, as seen on August 1, there is more than just familiarity and an established community. "Miami is a desirable location for a variety of reasons. It has no state income tax, and many businesses are moving to Miami, bringing jobs for new residents who need housing. Miami is also a tourist destination, which brings money into the economy, and with Airbnb becoming increasingly popular as an alternative to hotels, people may buy condos to rent to these tourists," Golan said. International buyers—and those from Latin America, specifically—also seem to believe in the stability of the U.S. economy and the country's housing market "over long-term horizons," Golan said. "The USD has been one of the globally recognized currencies and is more stable than currencies in many parts of the world. In addition, U.S. real estate has shown strong performance over the last half century, so this, combined with preserving foreign-earned money in U.S. currency in the form of an appreciating asset, is appealing."
