Connect with us

Technology

M-DAQ Global Strengthens ASEAN Footprint and Growth with Strategic Expansion into Vietnam

Published

on

A strategic integration with Vietnam’s METech strengthens M-DAQ’s regional cross-border payments infrastructure, advancing its vision of an interconnected Southeast Asian digital economy.

SINGAPORE, July 7, 2026 /CNW/ — M-DAQ Global, a leading Singapore-headquartered fintech group specialising in foreign exchange (FX) and cross-border payment solutions, has signed definitive agreements for a strategic integration with METech, the majority shareholder of PayME, a licensed payments service provider in Vietnam.

This milestone marks a major step in M-DAQ’s ambition to build a unified ASEAN Payments Hub, providing integrated collection, FX conversion, and payout capabilities across the region.  As part of this strategic integration, M-DAQ now has its own regulated payments infrastructure in Vietnam, enabling it to process local collections and payments directly in Vietnamese Dong (VND). This direct access to VND collection and payout rails reduces reliance on third-party partners, giving M-DAQ reliable control of the region’s key cross-border corridors. This enables faster, more efficient flows, reducing friction for businesses operating in and out of the country.

As one of ASEAN’s fastest growing economies, Vietnam represents a critical expansion corridor. METech’s technical and regulatory expertise, coupled with its longstanding banking relationships, provides the essential onshore infrastructure needed to connect Vietnam to M-DAQ’s broader regional platform. With both organisations serving highly complementary customer segments, the move to combine METech’s local expertise with M-DAQ’s regional scale will unlock strong opportunities for both parties.

M-DAQ’s integration of METech marks a further step in its strategy to build a comprehensive, licensed payments footprint across ASEAN’s key trade and economic corridors, building on previous expansions through EasyPay in Malaysia and Wallex in Indonesia. With METech now part of its group, M-DAQ holds five regulated licenses, including across four key ASEAN markets. Together, METech’s local market expertise and M-DAQ’s regional infrastructure create a stronger platform for cross-border payment flows, both within the region and between ASEAN and the rest of the world.

Tan Choon Seng, Group CEO of M-DAQ Global, said, “Vietnam is one of ASEAN’s most dynamic growth markets and a key pillar for the region’s digital transformation. We are proud to mark M-DAQ’s first direct presence in the country through this integration, advancing our ASEAN-focused strategy. The next wave of digital business and innovators, including crypto and Web3 platforms, are increasingly recognising that scaling requires robust, fully compliant financial infrastructure. This milestone positions us well to unlock new opportunities across the region, strengthen connectivity between markets, and drive the next phase of scalable cross-border payments.”

The move comes at a highly opportune time. Vietnam represents a massive business opportunity for cross-border commerce, with its digital economy rapidly accelerating to reach USD 72.1 billion in 2025. This accounts for over 14% of Vietnam’s national GDP, with the government actively working to increase this volume to 30% by 2030. Furthermore, the country’s domestic e-commerce market reached USD 31 billion in 2025, placing Vietnam among the top three digital economies in ASEAN, according to data from the Ministry of Industry and Trade of Vietnam (MoIT). Fueled by this momentum, Vietnam’s cross-border B2C e-commerce market alone is forecast to grow to USD 13.39 billion by 2031, leaving vast untapped potential for regional trade corridors.

Lê Hoàng Gia, Founder of METech, added, “We have established a deeply entrenched presence within Vietnam’s financial ecosystem over the past decade, developing substantial expertise by serving the local business community. With this integration with M-DAQ, we are keen to extend our expertise to businesses beyond Vietnam, combining local infrastructure with regional reach to unlock new growth opportunities across ASEAN. Together, we are setting a new standard for how cross-border payments can be executed with speed, reliability, and transparency.”

— End —

About M-DAQ Global

M-DAQ Global is a pioneering fintech group specialising in foreign exchange (FX) & payment solutions that facilitate seamless cross-border transactions for businesses worldwide. Our proprietary technology empowers both institutional enterprise businesses and small and medium-sized businesses to navigate international trade with FX clarity, certainty, and payment mobility.

Headquartered in Singapore with an expanding presence across 7 countries and territories, M-DAQ Global provides a comprehensive suite of FX, collections, and payment solutions, as well as value-added services such as AI-driven KYB onboarding and enhanced risk management solutions, enabling businesses to transact across borders with ease amidst evolving needs.

For more information, please visit: www.m-daq.com

About METech

METech is an established financial technology group in Vietnam and the majority shareholder of PayME, a prominent licensed payment service provider headquartered in Ho Chi Minh. Through PayME, the group operates a robust domestic payment infrastructure that provides comprehensive digital payment solutions, including online payment gateways, QR code payments, digital wallets, and salary advance services.

For media queries, please contact:

M-DAQ Global Media: media@m-daq.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/m-daq-global-strengthens-asean-footprint-and-growth-with-strategic-expansion-into-vietnam-302819199.html

SOURCE M-DAQ Global

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

X Square Robot showcases the Power of “One Model, Many Applications” at WRC 2026

Published

on

By

Highlighting the breadth of what WALL-B can enable and the depth of performance it can sustain in the physical world.

BEIJING, Aug. 25, 2026 /PRNewswire/ — X Square Robot, a Shenzhen-based embodied AI company, concluded its participation at the 2026 World Robot Conference (WRC) in Beijing, putting its “one model, many applications” approach to practice across multiple robotic platforms and real-world tasks. Powered by WALL-B, the company brought this approach into a range of physical environments, while extending its first logistics livestream on Aug 12 into a five-hour challenge during WRC.

At the conference, X Square showcased its WALL-B technology across several robotic platforms. In a home environment, two wheeled humanoid robots responded to spoken commands. It performed tasks including organizing household items, retrieving and delivering objects, cleaning, watering plants and handling pet-related chores. Using coordinated two-arm manipulation and obstacle avoidance, the robot moved between rooms and carried out the requested tasks.

The exhibition demonstration formed part of X Square’s broader effort to deploy robots in real homes. In March, the company partnered with Chinese local-services platform 58.com to launch a home-cleaning service, with robots working alongside professional cleaners during household visits. In May, X Square began placing robots with participating households for extended in-home service through its “X Family Member Program.”

Elsewhere at the conference, a 22-degree-of-freedom, five-fingered dexterous hand completed a multi-stage fan-unboxing task powered by WALL-B. With its view partially obstructed by the box, the system opened the packaging, removed the fan from a confined space, placed it on a table, turned the fan on and visually verified that it was running. A separate dual-arm system responded to visitors’ natural-language requests by selecting flowers of the specified color and arranging them in a vase. It adjusted its grip and positioning to handle flexible stems and deformable flowers, and replanned its movements when the flower basket or vase was moved during the task.

X Square extended its focus on real-world deployment into logistics. The WALL-B-powered system is already operating on a live parcel-sorting line and is designed to support continuous, round-the-clock operation. The WRC demonstration provided a public test of that capability. During the challenge, the WALL-B-powered system sorted 10,000 parcels in 5 hours, 14 minutes and 1 second, translating into an average throughput of 1,911 parcels an hour, or about 1.88 seconds per parcel.

During the challenge, the robots handled parcels that varied in size, shape, material and position. The system had to repeatedly identify, grasp, orient and sort the items, while correcting unsuccessful actions and responding to changes on the conveyor. Maintaining its throughput over thousands of parcels offered a measure of the consistency and endurance required in commercial logistics operations.

“Embodied AI requires a foundation model built specifically for the physical world, in parallel with the foundation models developed for the digital world. At X Square, our aim is to develop a common intelligence foundation that can operate across different robots, tasks and physical environments, while continuing to improve through real-world deployment,” said Wang Qian, founder and CEO of X Square Robot.

Taken together, the demonstrations reflected X Square’s broader view that embodied intelligence should not be tied to a single robot, task or environment. The company said it will continue integrating models and robotic hardware as it expands into additional home, logistics and industrial applications.

For more information, visit https://x2robot.com/.

About X Square Robot

X Square Robot focuses on developing its own general-purpose embodied AI models and robotic hardware. As a leading Chinese company in the field, it has pioneered the deployment of general-purpose embodied AI in real-world settings such as homes and logistics.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/x-square-robot-showcases-the-power-of-one-model-many-applications-at-wrc-2026-302858862.html

SOURCE X Square Robot

Continue Reading

Technology

European Telcos Push EMEA 5G Mobile Core Revenue to a New High in 2Q 2026, According to Dell’Oro Group

Published

on

By

Sharp IMS Revenue Contraction Brings Down Market

REDWOOD CITY, Calif., Aug. 24, 2026 /PRNewswire/ — According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, 5G Mobile Core Network (MCN) revenue in EMEA grew over 30 percent in 2Q 2026, contributing more revenue to the worldwide 5G MCN market than any other region.

“So far in 2026, eighty percent of the operators to have launched 5G Standalone (SA) networks for consumer services have been in Europe,” stated Siân Morgan, Sr. Director at Dell’Oro Group. “This helped EMEA 5G MCN revenue to reach a high-water mark in 2Q 2026, and we expect this region will keep expanding in the coming quarters.

“The growth in 5G MCN occurred despite an escalation in server prices causing mobile network operators to scrutinize the cost of network projects. On the other hand, IMS revenue contracted for the third quarter in a row, with most regions seeing a drop in Voice core revenue,” continued Morgan.

Additional highlights from the 2Q 2026 Mobile Core Network and Multi-Access Edge Computing Report include:

MCN market dynamics were stable, with Huawei, Ericsson and Nokia growing MCN revenue in alignment with total market expansion.
4G Wireless Packet Core revenue outpaced the market for the third quarter in a row, driven by mobile network operators that have not yet moved to 5G SA.
In nominal terms, revenue from 5G MCN has still not reached the levels achieved by 4G MCN, with the pressure to automate operations and grow ARPU counterbalanced by the rising cost of infrastructure.

About the Report
The Dell’Oro Group Mobile Core Network & Multi-Access Edge Computing Quarterly Report offers complete, in-depth coverage of the market with tables covering manufacturers’ revenue, shipments, and average selling prices for Traditional Packet Core, Evolved Packet Core, 5G Packet Core, Policy, Subscriber Data Management, Signaling, Circuit Switched Core, and IMS Core by geographic regions. To purchase this report, please contact us at dgsales@delloro.com.

About Dell’Oro Group
Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, and data center infrastructure markets. Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions. For more information, contact Dell’Oro Group at +1.650.622.9400 or visit https://www.delloro.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/european-telcos-push-emea-5g-mobile-core-revenue-to-a-new-high-in-2q-2026-according-to-delloro-group-302858820.html

SOURCE Dell’Oro Group

Continue Reading

Technology

YADEA and J&T Express Philippines Sign Strategic Agreement to Advance Electric Last-Mile Delivery

Published

on

By

TAGUIG CITY, Philippines, Aug. 25, 2026 /PRNewswire/ — Yadea Philippines and J&T Express have announced a strategic partnership to accelerate the adoption of electric vehicles in the local logistics sector. Manila will serve as the pilot with 1,000 units rolling out initially, followed by nationwide expansion.

As the global No.1 electric two-wheeler brand for nine consecutive years, Yadea operates over 70 branded sales and service centers, with flagship models like EPOC and CL8. Partnering with J&T Express, a leading Philippine courier, will accelerate Yadea’s entry into the local logistics market. Together, they aim to optimize logistics and drive a greener, low-carbon future for express delivery, reflecting the companies’ shared commitment to sustainable urban mobility and environmental stewardship.

YADEA ST13 is an electric delivery tricycle designed for high-frequency, short-distance commercial delivery scenarios. It integrates energy-efficient transport systems purpose-built for high-frequency urban dispatch. The unit features a weight-reducing mesh cargo box that directly optimizes battery range, paired with premium A+ grade puncture-resistant steel-wire tires designed for continuous delivery operational capability.

Yadea General Manager of the Philippines Wang Chun stated, “This cooperation reflects a deep synergy between product capability and logistics networks, representing a practical response to the country’s demand for green transportation. We hope our locally tailored electric vehicles allow delivery personnel to ride with greater peace of mind and operate more efficiently, injecting tangible momentum into low-carbon urban logistics.”

J&T Express Philippines National Capital Region Key Account Manager Mary Andaya stated, “Through this collaboration, we are actively integrating electric vehicle solutions into our last-mile operations. This initiative optimizes our daily workflow while aligning with our shared direction of collaborating on the large-scale adoption of electric tricycles for deliveries to enhance delivery efficiency within the local logistics sector.”

About YADEA

YADEA is a leading electric mobility brand and has ranked No.1 globally in electric two-wheeler sales for nine consecutive years. Driven by innovation, YADEA provides electric two-wheelers, electric tricycles and other mobility solutions to users around the world through its integrated capabilities in R&D, manufacturing, products channels and services.

About J&T Express Philippines

J&T Express Philippines, a nationwide logistics provider established in 2019, offers express delivery services via land, air, and sea. The company operates automated distribution centers and maintains extensive trucks and delivery services that run 24/7, ensuring that packages are safely delivered across the Philippines.

Contact:
media@yadea.com

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/yadea-and-jt-express-philippines-sign-strategic-agreement-to-advance-electric-last-mile-delivery-302858830.html

SOURCE Yadea Philippines

Continue Reading

Trending