Latest news with #Smartpay
National Business Review
29-05-2025
- Business
- National Business Review
Quick Takes of the Week to May 30
Tuesday May 27 Vital cabling. Vital trading halt extended Listed telco infrastructure company Vital extended a trading halt in place since yesterday, following a takeover approach. The company was last year the subject of takeover interest from property developer Simon Herbert's Empire Capital, but the offer was withdrawn last September. A notice to the NZX on Monday said Vital had requested a trading halt after it received communication from "a credible third party ... that it intends to provide a takeover notice for a takeover offer for Vital during trading hours later today". The halt was set to remain in place until the takeover notice is released but, on Tuesday, the company said the third party had encountered an "unexpected technical matter". "The third party has confirmed to Vital that it is in the process of addressing that technical matter and still intends to provide the takeover notice later this week." NZ, Vietnam sign timber deal Forestry and Trade Minister Todd McClay says a new cooperation agreement with Vietnam, which recognises NZ radiata pine under the southeast Asian country's building standards, will boost forestry trade between the two countries. NZ exported $5.75 billion worth of forestry products during the June 2024 year, of which 57% went to China, according to Stats NZ. Australia, at $537.8m in exports, and the US, at $361m, round out the top three markets by export value. About 56%, or $3.2b, of revenues came from logs and poles, with sawn timber and sleepers, wood pulp, and paperboard accounting for the bulk of the remainder. Forestry exports to Vietnam were valued at $91.4m last year, with sawn timber accounting for $37m of that. 'Vietnam's economy has more than doubled in the past decade and is expected to see some of the fastest global income growth over the next. That means more construction, more demand for sustainable products, and more opportunity for New Zealand timber," McClay said. Wednesday May 28 Smartpay sinks to annual loss as it pursues NZ growth plan Dual-listed payment terminal provider Smartpay has reported a $723,000 after-tax loss for the year to the end of March, down from an $8.4 million profit in the prior year. Consolidated revenue was up 8.5% to $104.7m, from $96.5m in FY24, while earnings before interest, tax, depreciation and amortisation dropped from $21.3m to $16.6m due to a $4.9m "pre-investment" in its New Zealand business. The investment is intended to spur future revenue growth, as it continues with a plan to become an "acquirer", allowing it to clip the ticket between the consumer, the bank and the card issuers. The company said the result reflected "ongoing execution and growth in the Australian market in a challenging economic environment ... We have continued with our approach of measured investment in our growth, leveraging operating cash flows and available debt facilities to position the business best to both deliver on short term tactical opportunities and longer-term strategic potential." Rocket Lab enters payload market with US$275m acquisition Rocket Lab has agreed to acquire Arizona-based company Geost for US$275 million in a deal it said marks its formal entry into the satellite payload segment, and strengthens its position as a provider of end-to-end national security space solutions. Geost is an "electro-optical and infrared (EO/IR) payload development and manufacturing company and provider to high-priority national security satellites". It is currently owned by Lightridge Solutions, a portfolio company of ATL Partners. The deal involves a mix of US$125m of cash, US$150m in privately placed Rocket Lab stock and up to US$50m in potential additional cash earnout payments tied to revenue targets. Rocket Lab CEO Sir Peter Beck said the deal would bring advanced EO/IR payloads in-house "to support secure, responsive, and cost-effective systems at scale". He said the tech would enable spacecraft to detect, interpret and respond to threats in real time, and would enhance its role as a trusted provider to the US and its allies. Sue Tindal. New board appointments for KiwiRail Infrastructure Commission deputy chair Sue Tindal has been appointed chair of KiwiRail and the New Zealand Railways Corporation. Port Taranaki chair Jeff Kendrew has been appointed deputy chair of KiwiRail, while Rob Jager, who has been acting chair since last year, remains on the board. Liz Ward has been reappointed to the KiwiRail board, and Nicola Greer has been reappointed to the NZ Railways Corporation board. Rail Minister Winston Peters said the new appointments to KiwiRail brought commercial, freight and rail experience to the board. 'We want railways to be successful for New Zealand and have every expectation that a focus on lower cost, higher reliability, increased volumes, improved safety and better performance will be delivered on,' Peters said. Groser to lead push for 'supercritical' geothermal energy Former Trade Minister and ambassador to the US, Tim Groser, has been appointed chair of a new Supercritical Geothermal Governance Group, as the Government ramps up efforts to tap into New Zealand's deep geothermal resources. Regional Development Minister Shane Jones says exploratory drilling is about a year away, with potential sites in the Taupō Volcanic Zone soon to be finalised. The $60 million initiative, funded from the Regional Infrastructure Fund, aims to drill exploratory wells reaching depths up to 6km — nearly double current geothermal wells — to access energy outputs potentially three times greater than conventional geothermal systems. Alongside Groser, the governance group includes prominent Māori leader Dr Charlotte Severne, former Transpower chairman Keith Turner, and Vector chief financial officer Jason Hollingworth. El Cheapo Cars must compensate hundreds of borrowers El Cheapo Cars has been sentenced in the Porirua District Court for failing to provide key information to borrowers about their loans. The Wellington-based motor vehicle trader and finance lender pleaded guilty to seven charges the Commerce Commission filed under the Credit Contracts and Consumer Finance Act (CCCFA). El Cheapo Cars has now been fined $115,000 and ordered to pay $341,931.46 in compensation to hundreds of affected borrowers. El Cheapo Cars breached its obligations under the CCCFA when providing personal and vehicle finance to borrowers between 2015 and 2021. The commission opened its investigation into El Cheapo in October 2021, following a customer complaint. The ComCom has also filed civil proceedings against Go Car Finance and Second Chance Finance in the High Court, with allegations that both lenders also breached the CCCFA when providing car finance to borrowers. Thursday May 29 Promisia Healthcare result boosted by acquisitions NZX-listed Promisia Healthcare has reported upbeat annual results because of acquisitions, as it targets 'sustainable expansion' in New Zealand. The company's revenue rose 37% to $31 million in the year ended March, compared with the previous year. Net profit was up 318% to $6.8m. Chair Rhonda Sherriff said it was well-positioned for sustainable expansion after building a strong financial and strategic platform. During the year, the company purchased two care facilities and villages in Cromwell, completed the sale of the Eileen Mary facility, and actioned a $4.7m capital raise and share consolidation. It said revenue growth was driven by the Cromwell acquisitions, increased occupancy across several facilities, and growth in deferred management fees from villa and care apartment sales. Net profit growth also reflected improvement in operational earnings and recognition of a $6.6m gain from acquisitions. Gentrack and Amber executives. Gentrack invests another $4.8m in electricity retailer Amber NZX-listed software company Gentrack has agreed to invest another A$4.5 million in Australian electricity retailer Amber, as part of an A$45m funding round. Gentrack announced an A$12m ($12.9m) investment in Amber as part of its A$29m Series C funding round, and a strategic partnership, in February last year. In a short market announcement today, Gentrack said the partnership "positions both businesses to together meet the rising global demand for customer-centric, smart energy services. Amber's strategy includes licensing its technology through Gentrack's global network of utility customers, offering bundled solutions that combine Gentrack's billing and CRM systems with Amber's automation software." Gentrack reported last week that its $7.2m net profit after tax for FY25 included its $1.1m share of a loss from the 10% investment in Amber. Blackpearl's loss widens as it targets $20m ARR within 12 months Blackpearl Group has reported a $9.2 million loss for FY25 – wider than the prior year's $5.4m loss – as its annual recurring revenue rose 70% year-on-year to $12.5m. The NZX-listed lead generation software company reported a 91% rise in subscription revenue, with average revenue per user up 53% since the half-year. Its Pearl Diver product had reached around $10m in ARR, and its new AI-based Bebop offering was ready to scale up, said CEO Nick Lissette. Blackpearl's gross margin dropped from 71% in FY24 to 68% in FY25, reflecting a temporary duplication of data supply contracts, it said. 'As our legacy data provider rolls off in Q1, margin expansion is expected to begin from Q2. Beyond that, Blackpearl will start to see benefits from the new flat fee arrangement, as revenue continues to scale.' The company was targeting $20m ARR within the next seven to 12 months, it said, "with clear visibility toward $50m as Pearl Diver and Bebop both reach critical mass". Ebos' largest shareholder offloading $950m stake The largest shareholder in healthcare and animal care company Ebos Group is looking to sell 13.2% of the company in a block trade worth about $949 million. Sybos Holdings wrote to Ebos yesterday advising the company of its intention. It is understood to have engaged UBS to underwrite the share sale. Sybos will retain a 4.9% stake in the company following the sale and has agreed to an escrow arrangement for that stake for 90 days following the sale. It is Sybos' first sale of Ebos shares since 2020. "Sybos continues to remain supportive of the company's business and announced strategy," the letter said. "Sybos' decision to reduce its ownership in Ebos supports diversification of assets and redeployment of capital to other growth opportunities." Sybos has not had a director representative on the Ebos board for several years and said it did not possess any information that a reasonable person would expect to have a material effect on the price or value of Ebos' shares. Eroad's former suitor sells 18.7% stake on market The Canadian investor that made a takeover offer for NZX- and ASX-listed software company Eroad has sold its entire 18.7% stake for nearly $26 million. Brillian, part of the Volaris group, a wholly owned subsidiary of Toronto Stock Exchange-listed Constellation Software, made a $1.30 per share cash offer for Eroad in June 2023, valuing it at $146.8m. At the time, Brillian initially disclosed a 17.73% stake, and then upped it to 18.7% in July. However, Eroad's board dismissed the offer as materially undervaluing the company, and said it would not proceed to due diligence. Brillian then said it had no intention to increase its offer, despite some media conjecture and shares reaching as high as $1.41. A filing to the NZX this morning said Brillian sold 21,318,415 shares on market, via the ASX, for A$24,089,808, which equates to an average price of A$1.13 per share. Yesterday, Eroad's ASX-listed shares were up 15.7% to A$1.25, and up 17% to $1.35 on the NZX. Precinct to build $290m Auckland University student digs Inner city commercial developer Precinct Properties has appointed Haydn & Rollett as the main build contractor for the construction of its $290 million student accommodation at 22 Stanley Street. The NZX-listed company announced today it would build the purpose-built, 960-unit facility for the University of Auckland at the Carlaw Park student village in Auckland. In tandem, the company had entered into an investment partnership with a Singapore-based institutional investor, it said. Construction is expected to start shortly on the university project, ahead of its announced plans to build a vertical, 32-level, 638-room student residence at 256 Queen Street. That development would likely come at a cost of $180m, the company said. Precinct chief executive Scott Pritchard said the project supported the "execution of Precinct's pipeline of well-located new student accommodation opportunities". Precinct, as developer and property manager, will retain a 20% interest in the partnership. New government fund to boost Māori-led innovation The Government has announced a new consolidated funding initiative, He Ara Whakahihiko, designed to bolster Māori-led research and innovation. Science, Innovation and Technology Minister Dr Shane Reti says the fund will "break down barriers Māori researchers and entrepreneurs face," enhancing Māori representation in the science and technology workforce. He Ara Whakahihiko merges two previously separate funding streams with a total investment of $8.6 million. Of this, approximately $2.1 million will fund projects with immediate commercial and economic impact, while $6.5 million is allocated for longer-term collaborative partnerships. Nearly $2 million will go to the Health Research Council. The fund opens for proposals on August 20. Cooks Coffee annual revenue up more than 40% Annual revenue for Cooks Coffee Company through to the end of March was up 44% from about $4.6 million in the prior year to $6.7m. The dual-listed food and beverage retailer behind coffee brand Esquires in the UK, Ireland, and other international markets, reported earnings before interest, tax, depreciation, and amortisation of $1.4m, up from $336,000 year on year. Profit for FY25 tallied $859,000, up from a net loss of $6.3m the prior year when Cooks closed its Triple Two coffee brand. During the latest year, Cooks and its key regional developer partner in the UK formed a joint venture to acquire the Black Goo brand, which has stores in Hertfordshire and Oxfordshire. Moving into FY26, six new stores were opened in the UK in the first eight weeks of the fiscal year. At the end of May, Cooks had a total of 93 stores open, and aims to reach 300 stores by 2034. Friday May 30 Big Four banks progress open banking standard New Zealand's four-largest Australian-owned banks are progressing another industry standard to enable financial technology providers (fintechs) to offer new flexible payment options to customers. Version 2.3 of the Payment Initiation API standard for open banking, developed by Payments New Zealand's API Centre, is due to be implemented today. That enables payment consent so customers can make repeated payments automatically from their own account through third-party services. Earlier this month, Commerce and Consumer Affairs Minister Scott Simpson said Cabinet had agreed to designate banking as the first sector under the Customer and Product Data Act. 'This sets out the rules for how open banking will work in practice in New Zealand.' 'The Big Four banks – ANZ, ASB, BNZ, and Westpac – will need to make sure their open banking systems meet the new requirements by 1 December. Kiwibank will need to be ready by June 2026," Simpson said.
Yahoo
19-03-2025
- Business
- Yahoo
3 Asian Penny Stocks With Market Caps Larger Than US$100M
In recent weeks, the Asian markets have shown resilience amid global economic uncertainties, with notable movements in Japan and China as investors respond to trade policies and domestic growth strategies. The term 'penny stocks' might feel like a relic of past market eras, but the potential they represent is as real as ever. Typically referring to smaller or relatively new companies, these stocks can provide a mix of affordability and growth potential when paired with strong financials. Name Share Price Market Cap Financial Health Rating Interlink Telecom (SET:ITEL) THB1.46 THB2.03B ★★★★☆☆ Chumporn Palm Oil Industry (SET:CPI) THB2.80 THB1.77B ★★★★★★ Beng Kuang Marine (SGX:BEZ) SGD0.215 SGD42.83M ★★★★★★ Anchun International Holdings (SGX:BTX) SGD0.32 SGD14.99M ★★★★★★ Yangzijiang Shipbuilding (Holdings) (SGX:BS6) SGD2.36 SGD9.32B ★★★★★☆ Jiumaojiu International Holdings (SEHK:9922) HK$3.28 HK$4.58B ★★★★★★ Bosideng International Holdings (SEHK:3998) HK$4.13 HK$47.34B ★★★★★★ Lever Style (SEHK:1346) HK$1.29 HK$818.88M ★★★★★★ China Zheshang Bank (SEHK:2016) HK$2.56 HK$83.02B ★★★★★★ Xiamen Hexing Packaging Printing (SZSE:002228) CN¥3.09 CN¥3.58B ★★★★★★ Click here to see the full list of 1,151 stocks from our Asian Penny Stocks screener. Let's uncover some gems from our specialized screener. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Smartpay Holdings Limited is a merchant service provider operating in New Zealand and Australia, with a market capitalization of NZ$212.91 million. Operations: The company generates revenue of NZ$100.40 million from providing technology solutions through various product lines. Market Cap: NZ$212.91M Smartpay Holdings, with a market capitalization of NZ$212.91 million and revenue of NZ$100.40 million, has demonstrated profitability growth over the past five years, despite recent negative earnings growth. The company's high non-cash earnings and well-covered debt by operating cash flow reflect financial stability, although its return on equity is considered low at 12.5%. Recent volatility in share price contrasts with improved weekly stability over the past year. Notably, Tyro Payments Limited has made a non-binding offer to acquire Smartpay at NZD 1 per share, highlighting potential strategic interest in Smartpay's operations. Dive into the specifics of Smartpay Holdings here with our thorough balance sheet health report. Gain insights into Smartpay Holdings' future direction by reviewing our growth report. Simply Wall St Financial Health Rating: ★★★★★★ Overview: HighTide Therapeutics, Inc., listed under SEHK:2511, is an investment holding company focused on discovering, researching, developing, and commercializing therapies for metabolic and digestive diseases in Mainland China with a market cap of HK$813.34 million. Operations: No revenue segments have been reported for this company. Market Cap: HK$813.34M HighTide Therapeutics, Inc., with a market cap of HK$813.34 million, operates as a pre-revenue entity focused on metabolic and digestive disease therapies. Despite being debt-free and having sufficient cash runway for over a year, its share price has been highly volatile recently. The company's short-term assets significantly exceed both short and long-term liabilities, providing some financial stability. Recent developments include the completion of patient enrollment in their Phase III clinical trial for HTD1801 and a strategic cooperation agreement with Shijiazhuang No. 4 Pharmaceutical to enhance innovation in metabolic chronic diseases globally. Jump into the full analysis health report here for a deeper understanding of HighTide Therapeutics. Review our historical performance report to gain insights into HighTide Therapeutics' track record. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: New JCM Group Co., Ltd operates in the equipment manufacturing sector both within China and internationally, with a market capitalization of CN¥2.65 billion. Operations: New JCM Group Co., Ltd has not reported specific revenue segments. Market Cap: CN¥2.65B New JCM Group Co., Ltd, with a market cap of CN¥2.65 billion, operates in the equipment manufacturing sector and remains pre-revenue. Despite its unprofitability, the company has managed to reduce losses by 35.8% annually over the past five years. Its financial structure is relatively stable with more cash than total debt and a sufficient cash runway exceeding three years, even if free cash flow declines by 14.7% annually. However, short-term liabilities of CN¥1.8 billion surpass its short-term assets of CN¥1.2 billion, posing potential liquidity challenges despite covering long-term obligations comfortably. Click here and access our complete financial health analysis report to understand the dynamics of New JCM GroupLtd. Evaluate New JCM GroupLtd's historical performance by accessing our past performance report. Access the full spectrum of 1,151 Asian Penny Stocks by clicking on this link. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NZSE:SPY SEHK:2511 and SZSE:300157. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
Smartpay Announces Japan's First "Embedded Insurance Service" in BNPL in Partnership with Chubb
~ Launching New Insurance Experience Integrating Payments and Insurance in Summer 2025 TOKYO, March 6, 2025 /PRNewswire/ -- Smartpay Corporation (Headquarters: Minato-ku, Tokyo; Sam Pemberton-Ahmed, CEO and Founder of Smartpay; hereinafter "the Company"), provider of the "Smartpay" Buy Now Pay Later service, announces the launch of embedded insurance products in the Japanese market, following one year of partnership with Chubb Insurance Japan (Headquarters: Shinagawa-ku, Tokyo; President: Edward Kopp; hereinafter "Chubb Japan"), the Japanese subsidiary of Chubb Group, a world leader in insurance. Current Challenges in the Insurance Industry The traditional insurance industry faces challenges in meeting the evolving needs of modern consumers. Insurance contracting still largely relies on paper-based analog processes, leaving significant room for improvement in digitalization, personalization, real-time capabilities, and security. According to the Ministry of Economy, Trade and Industry survey[1], cashless payments now account for approximately 50% of consumer monthly spending, with widespread adoption of diverse payment methods including credit cards and electronic money. The insurance industry has an opportunity to enhance consumer experience by embracing digitalization to capitalize on this trend. Changes in the insurance industry are becoming evident across various sectors. For example, Japan's travel insurance market reached $678 million (approximately ¥101.7 billion) in 2023 and is projected to grow to $1.523 billion (approximately ¥228.5 billion) by 2028[2]. Furthermore, post-pandemic surveys indicate that 47% of Japanese travelers are seeking new ways to purchase travel insurance that differ from traditional methods[3]. Additionally, Generation Z consumers tend to prioritize convenience and speed in payment experiences and dislike complicated procedures[4]. These changes in young consumers' behavior are driving the demand for embedded insurance that can be completed with simple operations. What is Embedded Insurance? Embedded insurance is a mechanism that provides insurance seamlessly integrated into the payment process when consumers purchase products or services. For example, this includes options to purchase travel insurance simultaneously when buying airline tickets online. This method simplifies the insurance application process and enables appropriate coverage to be provided at the optimal timing for consumers. Through its partnership with Chubb Japan, Smartpay is bringing innovation to the insurance industry. By providing solutions at the moment of need, we are transforming the nature of insurance. Our embedded insurance technology is seamlessly integrated into the payment process, providing appropriate coverage instantly when customers need it. Growth Outlook for the Embedded Insurance Market The global embedded insurance market size is projected to grow CAGR of 11.6% from 2024 to 2030, reaching approximately $175.25 billion (about ¥26.3 trillion) by 2030[5]. Another report predicts the embedded insurance market will grow at an annual rate of 4.8% from 2025 to 2032[6]. By region, the Asia-Pacific region is the largest market, accounting for approximately 39% of share. This is followed by Europe at 32% and North America at 21%. By product type, life insurance is the largest segment, accounting for 51% of share. By application, the automotive sector is the largest, accounting for approximately 26% of share. These data suggest that the embedded insurance market will continue to show steady growth. Fusion of Technological Innovation and Customer-Centric Design Embedded insurance goes beyond simply incorporating insurance at the point of payment, achieving comprehensive fintech innovation. It combines the following: Real-time Risk Assessment and Dynamic Pricing - A system that provides optimal coverage and pricing for each customer, often making it possible to keep insurance premiums lower Highly Secure Complex Infrastructure - Integration of Smartpay's payment system and Chubb's insurance infrastructure Seamless Customer Experience - Eliminating complicated procedures, enabling appropriate insurance enrollment at the time of purchase with intuitive and user-friendly experience. Strategic Partnership with Chubb Chubb is a global company with a track record of successful partnerships with major financial institutions worldwide. In 2018, it partnered with Grab, Southeast Asia's largest super app, to provide insurance products to millions of Grab users. Additionally, it has led digital transformation and technological innovation in the insurance industry, such as partnering with Nubank, Brazil's largest digital bank, to provide fully digitalized life insurance. In this context, Chubb's selection of Smartpay as its first embedded insurance business partner in Japan demonstrates strong confidence in our innovative approach, technological capabilities, and market potential. Smartpay to Launch First Embedded Insurance Product in Summer 2025 Smartpay and Chubb Japan plan to provide their first embedded insurance product in BNPL in partnership with Fútbol Opción, a soccer cultural exchange program provider operated by Actif LLC, in summer 2025. While soccer cultural exchange programs represent a significant investment for families, Smartpay's installment payment option makes it possible to realize children's dreams while reducing the burden on household finances. Additionally, having insurance coverage during international travel is a crucial element for parents' peace of mind. Through this partnership, families can now handle both program fee installments and insurance enrollment in one process, making soccer exchange opportunities accessible to more young people. Additionally, Smartpay announced details of this initiative at the "Global Financial Technology Network Forum" held in March 2025. About Smartpay Smartpay is a fintech company that develops and provides smart solutions to help consumers manage their daily expenses and improve their financial well-being. In addition to realizing Japan's first one-click credit card-based BNPL solution, Smartpay was the first in Japan to introduce "Smartpay Bank Direct" enabling immediate withdrawals from bank accounts[8]. Through Smartpay Bank Direct, developed in partnership with the Japan Electronic Payment Promotion Organization (JEPPO), we provide payment services accessible to 90% of the population with bank accounts, partnering with 20 major banks including megabanks and over 200 credit unions in Japan. For more information, please visit In addition, Smartpay is also focusing on unprecedented initiatives, such as being the first BNPL solution in Japan to establish processor agreements with both Adyen and Stripe[9], in order to pursue convenience for both businesses and consumers. About Chubb Japan Chubb Japan provides innovative property and casualty insurance products to both individuals and corporations, based on innovative thinking and Chubb Group's global network. With a history in Japan reaching its 100th anniversary in 2020, it has the longest presence among foreign property and casualty insurance companies. It has received an "AA-" rating for both insurance financial strength and issuer credit rating from U.S. rating agency Standard & Poor's (as of March 2025). About Chubb Group and Chubb Limited Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. 1: Ministry of Economy, Trade and Industry Commerce and Service Group Cashless Promotion Office, "Consumer Survey Analysis Results" 2: Japan Travel Insurance Market (2023-2028) 3: Research shows Japanese travelers desire embedded protection and improved claims experiences in a post-pandemic world 4: Deloitte Tohmatsu Group, "2024 Domestic Generation Z Awareness and Purchase Behavior Survey" 5:Global Embedded Insurance Market Size, Share, and Trend Analysis Research Report 2024-2030 6: Global Embedded Insurance Market Research Report 2024 7,9: As a BNPL service in Japan that utilizes credit card's credit limit (as of November 2021) 8: As a "BNPL service that connects with Bank Pay and allows for immediate withdrawal from bank accounts in Japan" (as of December 2022) View original content to download multimedia: SOURCE Smartpay K.K. Sign in to access your portfolio
