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Pay8 signs MOU with CEZA

George Miller

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Pay8 signs MOU with CEZA
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Pay8, a Fintech company, represented by its chairman Kirk Arambulo, has signed a Memorandum of Understanding with Secretary Raul Lambino of the Cagayan Economic Zone Authority (CEZA).

Pay8, which specializes in payment solutions, is providing the CEZA Zone with last mile connectivity using their proprietary platform to enable online payments in remote areas.

The project is in line with the programs of the Duterte administration for financial inclusion, giving the 80% of the unbanked population in the Philippines access to the banking network. This will include residents, locators, small businessmen in the Sari Sari stores, fishing operators, and transportation operators.

Pay8 serves as a payment gateway by utilizing a portable point of sale (POS) system, bringing mass transactions online for often isolated communities. It also dovetails with the ecotourism push, allowing hotels and resorts in CEZA to accept and receive tourist payments under bancnet and Visa/MC.

This connectivity will also take advantage of the proximity of the new airport in CEZA to major North Asian cities being a short 45 minute flight from most of the coastal cities of China and Taiwan, and less than two hours from Japan and Korea.

“We are excited to be part of the pivot of CEZA towards being the Fintech leader in Asia. We look forward to working hand in hand with them to provide an effective platform for financial inclusion. This Filipino developed platform is scalable and can be a showcase for other emerging markets in Asia and is aimed at helping CEZA constituents compete in the digital world”, said HatchAsia President, Kirk Arambulo.

Pay8 is a majority owned subsidiary company of HatchAsia Inc., which has filed for its listing by introduction with the Philippine Stock Exchange (PSE).

 

About HatchAsia Inc.

HatchAsia is a gaming and IT services company dedicated to reshaping the digital landscape through innovative technology and business process solutions.
Located in the heart of Bonifacio Global City (BGC) in Taguig City, the company offers customer service and helpdesk support, field technical support, datacenter provision and maintenance, as well as cash management and financial support to its customers.
Its software services delivery unit provides end-to-end solutions covering project management, applications design and development, data management and information processing services.
HatchAsia is headed up by President and CEO, Kirk A. Arambulo.
For more information, visit www.hatchasia.com

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Resorts World Manila to Reopen Casino’s Second Floor Next Month

Niji Narayan

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Resorts World Manila to Reopen Casino’s Second Floor Next Month
Photo Source: wikipedia.org
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Kingson Sian, the CEO of Travellers International Hotel Group, has announced the reopening of Resorts World Manila next month. The venue is owned by a joint venture between Genting Group and Alliance Global Group’s, Travellers International Hotel Group, Inc.

In 2017, a disgruntled, failed gambler attacked the Resorts World Manila in order to rob it, but ultimately decided to set it on fire. The arson resulted in the deaths of 38 people and heavily damaged the casino’s second floor. The resort has not been operational since.

Kingson Sian said that it will be “an entire new floor of gaming space,” and, “As we expand the gaming space, we are attracting not only locals but also foreign players to come, and we can develop new junket relationships.”

Sian further told the investors that, once the venue is completely operational again, it will offer 465 gaming tables and 2300 slot machines. The total number of gaming positions will be greater than what was offered before the attack.

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Cambodia Grants 13 Casinos Licenses in Four Months

Niji Narayan

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Cambodia Grants 13 Casinos Licenses in Four Months
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The authorities in Cambodia have granted 13 casino licences in the first four months of this year. Ros Phearun, an official in the Ministry of Finance in Phnom Penh, said that the authorities had now granted a total of 163 casino licences and 91 of the licences were for casinos in the province of Preah Sihanouk.

“We have granted a lot of licences, but there are actually only 51 casinos in operation. The rest are now being built, while some have halted operations. The rise in the number of casinos reflects the increase in tourists, particularly Chinese,” Mr Phearun said.

He said the government is expecting US$70 million in tax revenue from the gaming industry this year. He also added that the relevant ministries had finished drafting legislation governing gaming, and that the respective bill would be sent to the Council of Ministers soon, with a view to its eventual enactment.

“With this law, we hope that to attract more big casino investors and increase revenue from the industry. I think that, as a result of this law, revenue collected from the industry will double,” Phearun said.

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APE Announces 2019 Summer Internship Program Offering 480 Hours On-the-job Training for Undergraduates

George Miller

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APE Announces 2019 Summer Internship Program Offering 480 Hours On-the-job Training for Undergraduates
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Asia Pioneer Entertainment Holdings Limited is pleased to announce its paid summer internship program joint with University of Macau, has launched recently from June to August.

This is the second year in a row of APE to launch internship program. The Internship this year is a full-time student studying in International Integrated Resort Management, specializes in Gaming Management in University of Macau. The working hours will be 480 hours throughout the program. In this period, the student will be placed in different departments including Sales & Marketing Department, Administration & Human Resource Department , Technical Department, etc. Students who complete the program with outstanding results will have priority received a chance to become APE full-time employees.

The program is targeted at the students from local higher education institutions who are interested in gaming industry especially the electronic gaming equipment (EGEs) area. Feedback from the internship program students and schools last year was encouraging. To continue the success, 2019 summer internship program as part of its effort to nurture and support young people. It provides training on team work, social skills as well as job skills to young people to broaden their perspectives, helping them to navigate a better future.

“It is honored to support this meaningful program again. APE has been investing resources over the years to nurture young people including our junior staff because the sense of accomplishment and self-worth of the younger generation can bring about positive changes. We are proud to join hands with University of Macau and share our experience about EGEs and gaming industry. It is anticipated that the students will come back for being an employee after they graduated. ” said Mr. Herman Ng, Chief Executive Officer and Executive Director of APE.

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