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FreeCoin BASS Platform by E.F.H Co., Ltd. Integrates 8 major industries with blockchain to create billions of business growth and opportunities

Vlad Poptamas

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Freecoin launch ceremony - Source: Every Family Have Co., Ltd
Reading Time: 4 minutes

 

Talking about the most eye-catching innovation trend this year, BLOCKCHAIN is definitely in the top. Many have agreed that 2018 is the first year of commercialization of blockchain. E.F.H Co., Ltd. combines electronic invoice, blockchain and FinTech to create FreeCoin cryptocurrency reward mechanism and FreeCoin BASS (Blockchain As Service), a blockchain-based service platform. With blockchain technoloy as the core, 8 major businesses will be connected as a whole. Another highlight of the FreeCoin ecosystem is the mechanism of double rewards for using e-invoices. In response to the Ministry of Economic Affairs’ “paperless transation” policy, the real application of blockchain will be implemented and matured into a “blockchain economy” blueprint.

High efficiency with low cost, win-win-win situation for consumer, business and government

FreeCoin BASS has three major functions: one is to help businesses with blockchain technology, and optimize from the three aspects of cost, technology and service to achieve low-cost and high-efficiency/adaptability benefits. Second, through the FreeCoin BASS connecting industries to create a blockchain ecosystem. In the end, it will fully integrate online and offline financial transactions, and achieve a win-win-win situation for consumers, businesses and the government. In the FreeCoin blockchain ecosystem, consumers can get different amount of FreeCoin rewards based on various activities such as scanning electronic invoices, participating in activities, sports and fitness, charity and other events. In addition to traditional discount/coupon services, FreeCoin provides cross-platform, cross-enterprise and cross-nation integration of coupon/cryptocurrency conversion.

Consumers holding FreeCoin can enjoy any services in the ecosystem; while the store and the company accept FreeCoin as the transaction standard, replacing the discounts and profit deductions caused by the original loyalty program, bringing new business models for consumers, stores and enterprises. In addition, consumer’s behavior and consumption details can be aggregated into reliable big-data, database, providing companies/enterprises as the basis for R&D, marketing, and CRM operations; The combination of electronic invoice and blockchain is a complete fiscal and taxation control system that realizes the concept of smart taxation and directly enhances national taxation and tax efficiency.

FreeCoin BASS platform greatly enhances corporate value in all directions

The FreeCoin BASS (blockchain as service) platform launched by E.F.H Co., Ltd. provides a total solution and assists enterprises in optimizing products and services from three major aspects: cost, technology and service. It aims to make enterprises embrace the blockchain without groping from scratch, and only needs to focus on improving corporate value and provide better products and services for customers and markets.

FreeCoin BASS provides a complete, documented, open and friendly API service, which is mainly based on the underlying services of the fcBlockchain and its extended services, including fcToken (Payment Service), fcWallet (Account, Transaction and Authorization Services), fcCredit (Credit, Credit Rating, Loan, Insurance Services), fcTax (Full-Automation and Smart Taxation) and fcInsight (Business AI Consultant) modules. FreeCoin BASS has a full-stack platform solution with general blockchain and cloud advantages, eventually bringing all industries to a new era with this new business model and achieving a wonderful smart lifestyle for the society.

Invite all industries to create a win-win situation and join the new age of global blockchain economic

E.F.H Co., Ltd. has launched the FreeCoin BASS platform, inviting major industries to use the innovative core technologies of the blockchain to jointly create a smart ecosystem with great commercial value and to expand the huge international business opportunities of various industries. E.F.H Co., Ltd. currently covers several business units, including blockchain business with FreeCoin, a business model that revolutionizes global consumption, and FreeCoin BASS; FreeCoin BASS platform also optimizes system hardware, construction, smart home, agricultural and fishery production and marketing, leisure sports, entertainment, education, medical care, e-commerce industry and form the E.F.H Co., Ltd. Holdings. Strategy partners include many high-quality enterprises such as entertainment investment platform – Fansdaq Co., Ltd., Beijing Tianfu Cloud Information Science Research Institute, Taiwan Health and Medical Industry Association, Taiwan Agriculture and Fisheries Alliance, China Product Quality Retrospective Policy Association, Global International News Media, etc.

With blockchain technology, it aims to create a world-class smart ecosystem with transparency, trustworthiness. It is also worth mentioning that FreeCoin BASS platform provides a total solution, which enables enterprise to use one-stop service in the application of blockchain and the practice of integrated technology management; it assists in integration and internalization. With the help with blockchain technology, each industry can create a win-win situation and fight for the economic miracle of the new generation.

E.F.H Co., Ltd.dedicates to promote the innovational blockchain-based invoice system, also aims to bring a good applications of blockchain economic services. And everyone is invited to take the lead.

E.F.H Co., Ltd. has deployed services based on FreeCoin BASS platform in Taiwan, mainland China, Southeast Asia and the US market. At the same time, it plans to launch a listing in the US and expects to complete the listing and go public in the next one or two fiscal years. Our sufficient funds will help to promote the various stages of planning including social welfare and charity, and will also establish charity and youth entrepreneurship support programs supported by the FreeCoin blockchain surplus, and it’s honored to have the Queen of Taiwanese dramas — Joanne Lien, to be our charity ambassador.

E.F.H Co., Ltd. expects to continue putting business models that contribute to the market and society in practice in the future, and invites all industries to join to make the future better and brighter, contributing back to the society with the core concept of “welfare, entrepreneurship, sharing, and love” hold by E.F.H Co., Ltd., inviting home and abroad industries to promote shared economic lifestyle.

Editor - With a passion photo photography, webdesign and content, it made sense for me to also integrate news editing and press release publishing. I am also passionate about the car industry, so you will surely find some exciting news reporting from my side about the automotive industry.

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Banking/Financial Services

Caplin Steriles Announces INR 218 Crore Investment by Eight Roads Ventures and F-Prime Capital

Vlad Poptamas

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Reading Time: 2 minutes

 

  • The partnership will accelerate Caplin Steriles’ efforts to cater to the rapidly growing demand for injectable pharmaceutical products in the regulated markets, especially the US and Europe
  • Eight Roads and F-Prime Capital together bring access to a powerful investment platform spanning Asia, Europeand the US

Caplin Point Laboratories Limited (Caplin Point), one of the fastest growing pharmaceutical companies in India, today announced an investment in its injectables subsidiary, Caplin Steriles, by Eight Roads Ventures, the proprietary investment arm of FIL, Fidelity International Limited and its US-based sister fund, F-Prime Capital.

Caplin Point was founded in 1990 by C.C. Paarthipan. Since then, it has grown to become a leading provider of affordable, high-quality pharmaceutical formulations in several emerging markets including Latin America and Africa, with over 2700 product registrations globally.

Caplin Steriles, its subsidiary, will cater to the rapidly growing demand for injectable products in the regulated markets, especially the US and Europe. The $10bn US generic injectables segment continues to be very attractive, driven by high barriers to entry on product development as well as regulatory compliance in manufacturing such sterile products. This has resulted in relatively lower competition and constrained online capacity in this segment. Caplin Steriles has established a 550-person business with state-of-the-art R&D facilities in Chennai and high-quality manufacturing infrastructure that is approved both by the US FDA and European regulatory authorities. The subsidiary has already filed 8 ANDAs on its own and through partners with the US FDA, with 2 approvals.

Commenting on the transaction, C.C. Paarthipan, Chairman, Caplin Point Laboratories Limited, said: “We are at a stage in our regulated markets journey where we believe that the business is now well positioned to evolve and thrive as a separate entity. We are expanding capacities to cater to growing demand from these regulated markets for sterile products, and working on development of complex generic injectable products in-house. Both these efforts will unlock great value in the long run. We are excited to extend our journey from a road less travelled (South America) to a road well-travelled (North America) with Eight Roads Ventures and F-Prime Capital as investment and knowledge partners, given their excellent track record worldwide and particularly in healthcare.”

Dr. Prem Pavoor, Partner at Eight Roads Ventures India, added: “This is a unique opportunity for us to partner with Caplin Point to build a world-class platform in India to develop and manufacture injectable drugs. Over 70% of generic drug shortages in the US continue to be attributable to injectables. Through our combined experience and resources, we aspire to create a leader in this segment, providing affordable, differentiated products for patients.”

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Banking/Financial Services

Wirecard Issues Multi-currency Visa Cards for United Money, Leading Currency Exchange Company in China

Vlad Poptamas

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Photo source: yallacompare.com
Reading Time: 2 minutes

 

– United Money manages around 100 exchange offices in major airports, business districts and upscale communities in China and is serving millions of Chinese consumers with the new solution

Wirecard, the global innovation leader for digital financial technology, has partnered with United Money, one of China’slargest currency exchange companies, to digitize payment processes and offer multi-currency Visa travel cards. The so-called Travel Cashcard is an ideal alternative to traveler’s checks and cash. Wirecard’s solution for United Money targets Chinese nationals who plan to travel abroad and are seeking a widely-accepted and convenient payment method, which can be managed via an online account. Currently, United Money manages close to 100 exchange offices in major airports, business districts and upscale communities nationwide and serves millions of consumers.

Jiang Zhongmo, founder of United Money, said “We are delighted to offer our customers a reliable and secure payment solution, which is backed by trusted industry leaders Wirecard and Visa. As experts in the field of foreign currency exchange, we are confident that Wirecard’s digital payment solution will fulfill the expectations of our customers, whether they are first-time or experienced travelers. We welcome this innovative and forward-thinking solution by Wirecard.”

The digital card supports currencies from the most-visited regions of the world: Australia, Hong Kong, Japan, Singapore, the UK, US and Eurozone. Consumers can load the cards before traveling, locking in exchange rates. United Money, one of the first officially recognized currency exchange companies in China, offers additional services in VAT refund processing and banknotes wholesale.

“As a global company at the forefront of digital financial innovation, we understand the barriers that are faced when paying in a foreign currency,” said Grigoriy Kuznetsov, EVP of Global Financial Services at Wirecard. “This is why we are proud of the collaboration with United Money, a market leader in China in the area of currency exchange. We look forward to developing further innovative solutions for United Money.”

“Multi-currency Visa travel cards are a great option for consumers travelling internationally who want a convenient, secure payment alternative to cash,” said Rajiv Ramanathan, Head of Products, Asia Pacific, Visa. “Visa’s role as a global payments network is about creating the right industry standards for people to pay digitally wherever they choose to travel, and we’re proud to work with United Money and Wirecard on this new solution.”

The multi-currency cards allow users to lock in favorable exchange rates before traveling, presenting an attractive opportunity for millions of Chinese travelers currently fulfilled by cash or traveler’s checks. A study by Coresight Research on Chinese outbound tourists found that foreign exchange rate fluctuations, especially unfavorable ones, will affect frequent travelers’ decisions when choosing a destination. By using the Wirecard-issued multi-currency Visa card, travelers can avoid this problem and take advantage of favorable exchange rates instead.

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Banking/Financial Services

VCB Kenya Goes Live With Corporate Banking Solution Powered by i-exceed’s Appzillon

Vlad Poptamas

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Photo source: i-exceed.com
Reading Time: 2 minutes

 

Victoria Commercial Bank (VCB), Kenya has gone live with an Appzillon-based omni-channel corporate banking solution to cater to the ever dynamic needs of their tech savvy corporate clients. VCB selected i-exceed over several other vendors due to its proven expertise in delivering digital banking solutions globally and strong technical capabilities. The application will be made available on mobile, Internet, SMS, and USSD channels.

VCB Kenya wanted a solution to address everyday needs of their clients while being future ready at the same time. Appzillon Digital Banking is a one-stop solution that makes the best use of technology to create delightful banking experiences. It leverages the technical prowess of Appzillon Digital Experience Platform, an award-winning omni-channel low-code application development platform that featured in Gartner’s Magic Quadrant and Forrester’s Wave reports. Appzillon Digital Banking ranked #2 in IBS Intelligence’s Sales League Table 2018 and 2017 for Digital Banking Solutions.

Dr.Yogesh Pattni, CEO at VCB commented, “Since inception, we have always strived to promote a culture of client servicing through the implementation of smart solutions that have been designed based on a comprehensive understanding of our client’s banking needs. We are confident that the corporate digital banking solution from i-exceed will help us in achieving our goals, expand our client base, and meet client expectations. We have used i-exceed’s Appzillon solution for last four months and have seen considerable benefits in our business with usage of the solution. We are extremely pleased to be associated with i-exceed and pleasingly satisfied with the implementation approach of i-exceed and the technical functionalities of the Appzillon based product.”

Joseph John, Managing Director at i-exceed commented, “This is our first omni-channel solution in Kenya and we expect this to open up further opportunities in the region. We have always dedicated our efforts into constantly evolving our product as a leading-edge digital offering that empowers our clients with future ready solutions and helps them stay ahead of the digital race.”

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