RELOCATION OF AMBANK CURRENCY EXCHANGE SERVICES AT KUALA LUMPUR INTERNATIONAL AIRPORT 2 (KLIA2)1/2/2018 KUALA LUMPUR, Jan 30 (Bernama) -- AmBank has relocated its Currency Exchange Services at KLIA2. The Currency Exchange Services which is conveniently located at lot 3.20, Level 3, gateway@klia2 Mall and started business operations beginning Friday, 26 January 2018.
“With the relocation of this Currency Exchange Services, we are hoping to continue serving local as well as foreign travellers at the airport with enhanced service offerings on currency exchange service for up to 29 currencies, besides operating 24 hours daily,” said Jade Lee, Managing Director, Retail Banking, AmBank (M) Berhad. “The AmBank Currency Exchange Services will be able to cater both departing and arriving passengers. The KLIA2 would continue as a strategic placement for our Currency Exchange Services to serve our potential customers as the airport which recorded a total of 30.3 million passengers in 2017,” added Jade. Details of the Currency Exchange Services location are as follows: AmBank Currency Exchange Services 3-20 Gateway, Level 3 Kuala Lumpur International Airport 2 43900 Sepang Selangor http://mrem.bernama.com/viewsm.php?idm=31069
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http://mrem.bernama.com/viewsm.php?idm=31059 Speeding up further innovation in the payments space and business growth
AMSTERDAM, the Netherlands, Jan 29 (Bernama-GLOBE NEWSWIRE) -- Payvision, a global merchant acquirer and omnichannel payment provider, announced today a strategic partnership with ING, one of the largest European banks, with a strong international network. Payvision has agreed to sell a majority stake of 75%, creating a new synergy that will accelerate its ambitious growth plans within the dynamic payments market, extend its global network and broaden its payment product portfolio. Payvision is valued at €360 million. Founded in 2002, in Amsterdam, Payvision is at the forefront of the payments industry and it has been growing at a very fast pace, registering a robust 66% volume growth in 2017. With the launch of Acapture, a new, scalable, data-driven payment service provider, in 2015, Payvision aims to bolster group’s position as a global merchant acquirer and omnichannel payment provider. The partnership with ING builds on Payvision’s strong foundation in the acquiring space and will support company’s goal to create innovative, tailor-made payments products designed for the fast-paced international retail environment. According to the deal, Payvision’s founding management team will hold a 25% minority stake and will continue to lead the company, backed-up by ING’s global presence and retail market share, its vast experience in financial services and its ability to streamline payment products. Rudolf Booker, founder and CEO of Payvision, said: “It’s with great excitement that we’re announcing the partnership with ING today. Within 15 years of the company’s inception, we feel it’s the right time to make such a strategic step to strengthen the company’s foothold in the payments industry.” “This investment in the payments market, made by one of the world’s most innovative financial and banking services brands, acknowledges our vision to deliver leading payments capabilities to support customers to maximize their revenues,” continued Booker. mrem.bernama.com/viewsm.php?idm=31051 HONG KONG, Jan 29 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Meiji Yasuda Life Insurance Company (Meiji Yasuda) (Japan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Meiji Yasuda’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management. The company’s capital requirements, as measured by Best’s Capital Adequacy Ratio (BCAR), continue to be driven by asset risk, due to its sizeable investment assets relative to its capital and surplus. Also, the company maintains a modest gap between asset and liability durations. Meiji Yasuda’s financial leverage remains adequate for the current ratings. mrem.bernama.com/viewsm.php?idm=31046 SINGAPORE, Jan 29 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of ERGO Insurance Pte. Ltd. (ERGO Insurance) (Singapore).
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