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GXS Bank launches Singapore’s first and only credit card that charges a flat fee in lieu of revolving interest

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The GXS FlexiCard is designed to help new-to-credit consumers spend prudently while building up their credit worthiness      

SINGAPORE, Oct. 8, 2024 /PRNewswire/ — GXS Bank today announced the launch of the GXS FlexiCard, Singapore’s first and only credit card that charges flat fees in lieu of interest on outstanding balances.

The GXS FlexiCard is designed for consumers who are new to credit or who often struggle with access to credit products due to a lack of credit bureau history. These include individuals who are about to embark on or have just started their careers, gig workers and entrepreneurs. To ensure that these consumers have an option to credit while not being overleveraged, the GXS FlexiCard has a limit of S$500.

GXS FlexiCard-holders can choose to settle their credit card bill in full or make the required minimum payment with a S$5 extension fee. The Bank is disrupting the market practice of charging daily interest on outstanding balances after the repayment due date for credit cards, thereby easing hefty interest payments for consumers.

Ms Jenn Ong, Head of Retail at GXS Bank, said, “We are thrilled to introduce the GXS FlexiCard, our latest product that continues to push the boundaries of financial inclusivity. The GXS FlexiCard is available to eligible Singaporeans and permanent residents, including the one in five workers[1] here who earn less than $2,500 a month and do not meet the income requirement for most credit cards in the market. With the GXS FlexiCard, these consumers now have the opportunity to start building their credit history.

“As Singapore’s homegrown digital bank, we are with our customers every step of the way as they build their credit worthiness and thrive financially. The GXS FlexiCard could be their first credit product and that is why we designed it to safeguard them from the burden of snowballing interest repayments while ensuring flexible repayment options, transparent charges, and instant cashback.”

GXS FlexiCard – a stepping stone to credit worthiness

The GXS FlexiCard is open to eligible Singaporeans and permanent residents aged 21 to 55. There is no income requirement to apply for the GXS FlexiCard. Successful applicants will receive a credit limit of S$500.

Similar to the GXS Debit Card, the GXS FlexiCard offers instant cashback for eligible transactions. Additionally, travellers will benefit from no foreign transaction fees on their overseas purchases.

GXS FlexiCard-holders will also enjoy the flexibility for which the GXS Bank experience is known. At the point of application, they are able to choose their preferred repayment date according to what best fits their preferences and ability to pay.

Given that late credit card repayments will impact an individual’s credit rating, GXS FlexiCard customers will receive timely prompts and nudges via the GXS Bank app before their monthly repayment date.  

There may be occasions when customers are unable to repay their outstanding balance in full. To extend their payment, GXS FlexiCard customers simply need to pay the minimum payment amount which can be from as low as S$15[2] and a flat fee of S$5.

At the same time, to encourage good credit discipline and to discourage defaults, customers who missed their repayment or repay less than the minimum payment amount will be charged a late fee of S$50. This is also less than the typical late charge of S$100 in the market today.

A full suite of financial solutions 

With the launch of GXS FlexiCard, GXS Bank now offers a comprehensive range of retail banking products that empower customers to save, spend and borrow better.

This includes the GXS Savings Account that credits interest daily and includes a Boost Pocket feature that boosts the interest rate customers can earn on their savings. GXS Savings Account-holders may also apply for the GXS Debit Card that offers unlimited rewards on eligible transactions and no foreign transaction fees.

For customers looking for help to stretch toward their goals, GXS FlexiLoan offers a flexible revolving line of credit that enables customers to make multiple drawdowns. Interest is calculated on a daily non-compounding basis, allowing customers to save on interest when they repay early. In the first year GXS FlexiLoan was launched, customers were able to cumulatively save S$4million in interest by repaying their loans early. GXS FlexiLoan customers can also choose to take a GXS FlexiLoan Balance Transfer where they enjoy zero per cent interest with a one-time processing fee.

More details on GXS FlexiCard can be found at www.gxs.com.sg/flexicard.

[1] Ministry of Manpower Labour Market Statistics: https://stats.mom.gov.sg/Pages/IncomeTimeSeries.aspx

[2] Typical minimum payment in the market today for credit cards is S$50.

About GXS Bank 

GXS Bank is a digital bank with a relentless focus to make banking better for the everyday consumer and small business. This includes Singapore’s underserved individuals and businesses.

The Bank aims to improve financial inclusion and to drive financial revolution for its customers through the secure and ethical use of technology and data.

GXS Bank holds a banking licence issued by the Monetary Authority of Singapore.

It is owned by a consortium consisting of Grab Holdings Inc. – Southeast Asia’s leading super app, and Singtel – Asia’s leading communications technology group.

View original content:https://www.prnewswire.com/apac/news-releases/gxs-bank-launches-singapores-first-and-only-credit-card-that-charges-a-flat-fee-in-lieu-of-revolving-interest-302269794.html

SOURCE GXS Bank

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Highstar Launches Full-Chain Battery Cell Portfolio for AI Data Centers

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NANTONG, China, July 26, 2026 /PRNewswire/ — Highstar unveiled its full-chain battery cell solution for artificial intelligence data centers (AIDCs) at the 2026 GGII Energy Storage Industry Summit. The portfolio spans three critical power layers: grey-space UPS and high-voltage direct current (HVDC) systems, white-space battery backup units (BBUs), and grid-side energy storage.

Targeted cells for grey-space and white-space challenges

As AI workloads increase rack density and load volatility, data centers require faster response, dependable backup, controlled temperature rise and stronger lifecycle performance. Highstar’s solution centers on two products for the layers closest to computing loads.

For grey space, the 85Ah high-rate lithium iron phosphate cell is designed for UPS and HVDC systems that must deliver high power rapidly and sustain reliable backup under frequent pulse conditions. High-rate discharge, thermal control, safety and durability support compact system design while helping operators balance availability with lifecycle cost. In addition, the 50Ah sodium-ion battery cells are better suited for operation across a wide temperature range of -40°C to 80°C.

For white-space BBUs,  Highstar offers a portfolio of tabless cylindrical cells spanning 18650 and 21700 formats, with both LFP and high-nickel NMC chemistries. Designed for BBU applications, these cells deliver high instantaneous power, low internal resistance, reduced temperature rise and enhanced safety, while accommodating different rack-space, power and cost requirements.

Completing the chain with grid-side storage

The grid-side system uses 314Ah lithium-ion cells and 160Ah sodium-ion cells, balancing long-duration energy storage, cycle life, and rapid power support. Together, the three layers create a coordinated portfolio extending from rack-level protection and system-level backup to upstream energy storage.

The portfolio combines lithium-ion and sodium-ion chemistries with prismatic and cylindrical platforms. Highstar’s technology integrates cathode, anode, electrolyte and separator development with structural approaches including tabless current collection, precision pressure relief and directional venting.

From individual cells to application collaboration

The full-chain architecture is designed to reduce selection and integration complexity for power equipment suppliers, system integrators and data center operators. It also provides a common foundation for joint validation and application-specific development across AIDC power architectures.

During the summit, Highstar also participated in the launch of the “2026 Global AIDC Power Supply Industry Development Blue Book” and was honored as a “Top Benchmark in AIDC Energy Storage,” earning authoritative recognition from the industry.

View original content to download multimedia:https://www.prnewswire.com/news-releases/highstar-launches-full-chain-battery-cell-portfolio-for-ai-data-centers-302834892.html

SOURCE Jiangsu Highstar Battery Manufacturing Co.,Ltd.

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Huawei Unveils Upgraded Xinghe Intelligent Network for Southern Africa

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JOHANNESBURG, July 27, 2026 /PRNewswire/ — At the Huawei Network Summit 2026 held in Johannesburg, Huawei unveiled its upgraded Xinghe Intelligent Network Solution for the Southern African region under the new philosophy of “Secure and Intelligent Connectivity.” This move reaffirms Huawei’s efforts to advance all intelligence across industries together with customers and partners.

With the rapid rise of AI agents, AI is expanding beyond daily office tasks into mission-critical production services. Industry focus has recently pivoted from token consumption to Daily Active Agents (DAA)—signaling the arrival of mass agent adoption, which in turn necessitates fully upgraded next-generation networks.

Leon Wang, President of Huawei’s Data Communication Product Line, said, “As AI moves into core production, networks are shifting from ubiquitous ultra-broadband to AI-centric architecture building on four pillars: lossless compute to unleash computing power; integrated sensing and communications to enable AI perception; full-scope security to address AI-driven threats; and network autonomy to ensure always-on services.”

Powered by a next-generation intelligent network foundation, Southern Africa’s digital and intelligent transformation is embarking on an all-new path.

“Today, AI is becoming a key driver of global innovation, and its adoption in Africa is transitioning from pilot exploration to real-world deployment, accelerating intelligent transformation across sectors such as finance, education, and public services,” said Vincent Chen, Vice President of Enterprise Business, Southern Africa Region, Huawei. “For the Southern African market, Huawei’s goal is to advance all intelligence across industries by collaborating with industry partners to build intelligent, secure, and reliable network infrastructure for the AI era.”

With the explosive growth of AI agents, new scenarios and requirements are emerging rapidly, placing unprecedented technical demands on networks.

“Network infrastructure faces four major challenges on enterprises’ digital and intelligent journeys. These include the ever-widening gap between computing supply and demand; traffic pattern shifts driven by AI agents; surging O&M complexity; and new AI-driven attacks compounding the vulnerabilities of new systems,” said Arthur Wang, Vice President of Huawei’s Data Communication Product Line. “To address these challenges, Huawei has upgraded its Xinghe Intelligent Network Solution under the ‘Secure and Intelligent Connectivity’ philosophy. The first is an intelligence upgrade, expanding AI beyond O&M into the entire network. The second is a security upgrade, advancing from single-point defense to end-to-end protection that deeply converges network and security. Through these two key upgrades, we aspire to build the solid connectivity foundation for every enterprise in the Agentic AI era.”

Huawei also unveiled its upgraded Xinghe Intelligent Network product portfolio and the Xinghe AI CloudCampus SaaS Service Platform for the Southern African region. Shi Lei, Vice President of the NCE Data Communication Domain of Huawei’s Data Communication Product Line, stated, “In the past, intelligent O&M was a luxury exclusive to large enterprises. Now, we have deeply integrated AI into the cloud management service platform, enabling SMEs to easily access these capabilities as a cloud service. This is more than tech inclusion; it is about making AI network services genuinely accessible, affordable, and actionable.”

Also at the summit, Huawei presented honorary awards to 12 long-term customers for their remarkable shared journey in the data communication domain. Furthermore, industry pioneers across finance, healthcare, transportation, electric power, and ISP shared real-world success stories in accelerating digital transformation.

Looking ahead, Huawei will remain committed to its “AI for All, All on Secure IP” vision, continuously upgrading its Xinghe Intelligent Network Solution under the “Secure and Intelligent Connectivity” philosophy to stride into the intelligent era with customers and partners.

Photo – https://mma.prnewswire.com/media/3007749/image1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/huawei-unveils-upgraded-xinghe-intelligent-network-for-southern-africa-302834898.html

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AnX Robotica Launches NaviCONNECT™: Connecting the Future of Capsule Endoscopy

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PLANO, Texas, July 26, 2026 /PRNewswire/ — AnX Robotica, a leader in advanced gastrointestinal diagnostic solutions, today announced the commercial launch of NaviCONNECT™, its next-generation cloud platform designed to streamline capsule endoscopy workflow, simplify practice management, and enhance connectivity across the NaviCam® portfolio of products.

NaviCONNECT provides healthcare providers with secure, cloud-based access to capsule studies and reporting, enabling clinicians to access studies from virtually anywhere. Designed to support the evolving needs of GI practices and health systems, NaviCONNECT delivers a modern, scalable platform that enhances operational efficiency, simplifies software updates, and provides the foundation for future innovations in artificial intelligence and enterprise connectivity.

“NaviCONNECT represents a significant milestone in our vision of delivering a fully connected capsule endoscopy ecosystem,” said Stu Wildhorn, Vice President of Marketing and Product Management at AnX Robotica. “By moving to a secure cloud-based platform, we are providing our customers the option of a simpler, more efficient way to manage capsule studies today while creating the infrastructure to support future AI capabilities, enterprise analytics, and expanded clinical workflow solutions.”

NaviCONNECT seamlessly integrates with the AnX Robotica NaviCam Small Bowel portfolio, including NaviCam SB with ProScan™ and NaviCam XS and is designed for future capsule technologies.

The launch of NaviCONNECT reinforces AnX Robotica’s commitment to advancing capsule endoscopy through innovative technologies that improve workflow, expand clinical capabilities, and enhance the experience for both providers and patients. As the foundation for the company’s digital strategy, NaviCONNECT will continue to evolve with new capabilities designed to support enterprise customers, AI-driven clinical insights, and the future of gastrointestinal diagnostics.

For more information about NaviCONNECT and the complete portfolio of AnX Robotica diagnostic technologies, visit www.anxrobotica.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/anx-robotica-launches-naviconnect-connecting-the-future-of-capsule-endoscopy-302834696.html

SOURCE AnX Robotica

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