LATEST REGIONAL PROJECT UPDATE
1
CAMBODIA
Canadia Bank , one of the largest commercial banks in Cambodia , is to launch an all-new mobile banking app backed by Tencent Cloud . Canadia currently has 67 branches and more than 400 digital , self-service banking machines across Cambodia . The app is a major commitment by Canadia to serve its customers with best-inclass digital products and services . The Canadia Bank app is a one-stop mobile banking app that aims to make customers ’ online banking experience easier and more personalized . Among the many benefits of the app , customers can now generate KHQR Codes – a universal QR code system created for retail payments in Cambodia As part of its Digital Transformation strategy , Canadia will continue to enhance and provide more user-friendly features and services in the new app in the near future . Howard Lau , CIO , Canadia Bank , said : “ The launch of our new Canadia Bank App is a significant milestone in Canadia Bank ’ s major digital transformation roadmap ”.
2
PAKISTAN
HugoBank , Pakistan ’ s latest digital bank led by a Singapore Consortium , expects to increase Pakistan ’ s bank account penetration rate to over 80 % and to open 34 million new accounts by 2027 . With some 53 % of the country ’ s 220 million population currently financially excluded , the state-of-the-art financial platform will promote financial inclusion and literacy in Pakistan , offering products and services at accessible price points . The consortium aims to help Pakistan to achieve an 85 % bank account penetration within five years , up from the current 16.29 %. Led by Singapore ’ s Atlas Consolidated , which owns and operates the fast-growing Wealthcare and savings app Hugosave , HugoBank is a joint venture formed in partnership with The Getz Group and Muller & Phipps . HugoBank is headed by finance veteran and industry leader Atyab Tahir , who said : “ Our digital bank will catalyse financial inclusion and wellness for the people of Pakistan . I am excited to assemble a team to build a customer-centric bank focused on offering accessible , convenient , and secure digital financial services to underserved individuals and SMEs alike .”
3
AUSTRALIA
Vertiv has Introduced a new single-phase uninterruptible power supply ( UPS ) for distributed IT networks and edge computing applications in Australia and New Zealand . The Vertiv Liebert GXE is an online double-conversion single-phase supply available in 6 and 10 kVA power ratings in tower or rackmount configuration The system is designed to provide reliable power to distributed IT networks and edge computing applications in various industry segments such as enterprise , government , manufacturing , finance , education and retail . The product is globally available for countries and organizations using 230V solutions and is now shipping from stock in Australia and New Zealand . “ Amid drawn out inflation and ongoing cost-of-energy concerns , Australia and New Zealand companies are looking for new ways to lift efficiency in their energy-thirsty data centers , without sacrificing performance ,” said Carlo Quiriconi , Industrial Applications Manager for Australia and New Zealand , Vertiv .
4
INDIA
Nokia has partnered with Netplus to deliver future-proof and world-class broadband services in India . Netplus will deploy Nokia ’ s Multi-Access Gateway BNG , hosted on the Nokia 7750 Service Router ( SR ) and the 7250 Interconnect Router ( IXR )
The solution will enable Netplus to deliver new quad-play broadband services to its subscriber base of one million plus across the state of Punjab . In addition , Netplus will also deploy Nokia ’ s 7750 SR Extended Services Appliance ( ESA ) to scale support of Carrier Grade Network Address Translation ( CGNAT ), helping it solve the challenges faced by increasing demand for connected endpoints .
Arshdeep Singh Mundi , Executive Director , Netplus , said : “ Our partnership with Nokia will help us achieve our goals of a world-class broadband experience for our customers and last-mile broadband expansion with the benefit of added capacity . The expanded coverage will leverage Nokia ’ s state of the art broadband access infrastructure and help Netplus cater to our customers ’ increasing demand – helping drive the Digital India vision .”
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