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PhotonPay Officially Opens São Paulo Office, Accelerating Strategic Expansion into Latin America

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New Brazil operations base marks the company’s first local foothold in Latin America, extending a global financial infrastructure spanning 16 key markets

SÃO PAULO, July 16, 2026 /PRNewswire/ — PhotonPay, next-generation financial operating system powered by stablecoin, today announced the official opening of its São Paulo office -the company’s first local operations base in Latin America. The launch follows the company’s earlier market entries in Hong Kong, Dubai, and other key global hubs, and marks a significant step in PhotonPay’s deepening commitment to the region.

Brazil: A Strategic Window into the Region’s Payment Revolution

Brazil is Latin America’s largest economy, ranking 10th globally by GDP at $2.19 trillion, with a population of over 212 million people and one of the world’s fastest-growing digital economies.¹ The country’s Pix instant payment network has become a global benchmark for payment modernization: in 2024 alone, Pix processed approximately 64 billion transactions -a 53% year-over-year increase -with transaction value reaching $4.6 trillion.² By May 2025, Pix had accumulated over 175 million registered users, representing 93% of Brazil’s adult population, with 62% of users citing it as their primary payment method.³

Yet despite this domestic sophistication, Brazilian and Latin American businesses continue to face structural friction when expanding globally. Legacy cross-border infrastructure -characterized by multi-layered correspondent banking, opaque FX pricing, and multi-day settlement cycles -creates a widening gap between the speed of local digital commerce and the reality of international fund movement.

This structural disconnect signals a generational inflection point. Traditional payment systems built on intermediary float models are increasingly misaligned with the pace of modern digital trade. PhotonPay believes the only solution is a new class of payment operating system built around a single core principle: liquidity velocity.

A Dual-Rail Platform Built for Latin America’s Complexity

PhotonPay’s arrival in Brazil is built on a differentiated infrastructure thesis. While most cross-border payment providers operate on a single fiat rail, PhotonPay deploys a Dual-Rail architecture -seamlessly combining local fiat clearing networks such as Pix with on-chain stablecoin liquidity (USDC/USDT) within a single, compliance-first platform.

Through the Photon Wallet, enterprises operating in Brazil and across Latin America can hold, send, receive, and convert both fiat and Tier-1 stablecoins in a single unified environment -eliminating the fragmentation between traditional banking accounts and crypto wallets. The wallet supports 30+ major currencies alongside USDC and USDT, and connects to over 10 local clearing networks globally including ACH, SEPA, Faster Payments, and now Pix.

Fiat-to-Stablecoin Conversion: Execute near-instant swaps between BRL and major stablecoins (USDC/USDT) and 17+ fiat currencies, with transparent market-benchmarked pricing and no hidden spreads -enabling treasury teams to actively manage currency exposure and unlock liquidity across both rails.Stablecoin-Powered Payouts: Route international disbursements via stablecoin rails for supplier settlements, payroll, and B2B transfers -bypassing legacy SWIFT delays and correspondent banking markups for recipients across 230+ countries. Stablecoin payment volumes surpassed $10 trillion annually in 2025, driven not by speculation but by commercial-grade utility including payroll, marketplace settlement, and supply chain payments.⁴AI-Native Risk & Compliance Engine: Institutional-grade AML/CFT monitoring, advanced on-chain analytics, and address screening are embedded into every transaction -across both fiat and stablecoin flows -ensuring compliance with evolving global regulatory standards.

“The digital momentum across Latin America is extraordinary -but behind the headline growth, the complexity of local compliance and cross-border fund movement remains a genuine barrier to expansion. We established our São Paulo office precisely to remove that friction. World-class financial infrastructure cannot be delivered through code alone; it requires a physical commercial presence embedded in the local business fabric. Our goal is straightforward: absorb the hardest layers of payment and compliance complexity so that global businesses can focus on just one thing -growing in Latin America.”

Joey, Vice President of Business, PhotonPay

Building the Financial OS for the Stablecoin Era

PhotonPay operates across 16 core global markets with nearly 20 financial licenses worldwide, serving more than 200,000 businesses. But the company’s defining bet is structural, not geographic: that the global financial system is undergoing a generational shift from float-dependent, intermediary-heavy settlement toward high-velocity, stablecoin-native liquidity -and that the businesses best positioned to win in emerging markets will be those with infrastructure built for that transition, not retrofitted to it.

That is the logic behind the Photon Wallet and PhotonPay’s Dual-Rail architecture: not merely connecting more local payment rails, but building a unified operating layer where fiat and stablecoins move with equal fluency -and where businesses never have to choose between the familiarity of local clearing and the velocity of on-chain settlement.

The São Paulo office is the latest node in that architecture. As PhotonPay deepens its presence across Latin America and other high-growth emerging markets, its mission remains constant: eliminate the structural friction that slows global commerce, and give every business -wherever it operates -access to the liquidity speed the stablecoin era makes possible.

About PhotonPay

PhotonPay is a stablecoin-powered financial operating system built for global infrastructure. Designed for modern enterprises, PhotonPay enables businesses to send, receive, convert, and settle funds across both fiat and stablecoin rails through a single, compliance-first integration, spanning 200+ countries and territories.

For more information, visit [www.photonpay.com].

NOTES & SOURCES

¹ World Bank / Georank.org: Brazil GDP $2.19 trillion (2024), ranked 10th globally; population 212.7 million (Data Commons, 2025).

² Matera Research / Central Bank of Brazil via Matera ‘Pix by the Numbers’ Q4 2024 report; PaymentsJournal (Feb 2025): ~64 billion Pix transactions in 2024, +53% YoY; $4.6 trillion total transaction value.

³ Wikipedia / Central Bank of Brazil (May 2025): Pix has over 175 million registered users; 93% of Brazilian adult population have used Pix; 62% use it as their most frequent payment method.

⁴ Artemis Analytics 2025 Annual On-chain Report; Chainalysis ‘The New Rails: How Digital Assets Are Reshaping Finance’ (2026): stablecoin payment volumes exceeded $10 trillion annually in 2025, driven by cross-border payroll, marketplace settlements, and B2B supply chain payments.

Disclaimer

This material is for general informational purposes only and does not constitute legal, regulatory, tax, accounting, or investment advice, nor an offer or solicitation for any product or service. The availability, features, and regulatory treatment of PhotonPay’s products and services may vary depending on the user’s location, business model, and the laws and regulations that apply. Any descriptions of functionality, performance, efficiency, cost savings, or compliance support (including, without limitation, references to “real‑time”, “24/7”, “high‑efficiency”, or “compliant” solutions) are aspirational or forward‑looking in nature. Actual outcomes may differ due to market conditions, technological constraints, and regulatory developments, and PhotonPay makes no express or implied representation, warranty, or guarantee as to the achievement of any particular result.

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Chandigarh University Uttar Pradesh Signs MoUs with 36 Top Global Universities; to provide global exposure for students

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Students to get an opportunity to study at top ranked Universities across 19 countries

LUCKNOW, India, July 17, 2026 /PRNewswire/ — Chandigarh University Uttar Pradesh, India’s first AI-Augmented Multidisciplinary University, has signed a Memorandums of Understanding (MoUs) with 36 top ranked universities in 19 countries to provide its students global learning through student exchange programs, dual degree programs, internships and joint research opportunities in the institutions abroad.

Divulging details of the MoUs, Jai Inder Singh Sandhu, Managing Director, Chandigarh University Uttar Pradesh said, “The university has built a globally diverse and academically strong network of international partners with global standing for connecting its students to world-class education.”

“The partner universities of Chandigarh University Uttar Pradesh are top ranked in the QS World University Rankings. While one of these 36 universities is ranked among the world’s top 100, seven universities feature in the top 200 globally, 12 are ranked between 201 and 500, and eight are placed among the world’s top 1,000 universities in the QS World University Rankings 2027.”

“The partner network of Chandigarh University Uttar Pradesh spans across the world with 7 universities in USA, 4 in United Kingdom, 3 in Malaysia, 2 each in Canada, Italy, Nepal, and South Africa and one each in Australia, Czech Republic, Germany, Macao SAR, New Zealand, South Korea, Argentina, Brazil, Croatia, Hungary, Indonesia, Malaysia, Mauritius signing MoUs to nurture young minds into global visionaries, enabling them to explore new cultures, expand their academic knowledge, and unlock exciting career growth opportunities,” he added.

Sandhu said, “The prestigious universities, both in the government and private sector, who have forged partnership with the Chandigarh University Uttar Pradesh include Borough of Manhattan Community College of the City University of New York, Northeastern University, Washington Adventist University, Illinois Institute of Technology, American University, Wishington DC, University of Maryland, Baltimore County, and Kent State University in the United States.”

“In the UK, Chandigarh University Uttar Pradesh’s partner universities include De Montfort University, Royal Holloway, University of London, and University of St Andrews from the United Kingdom, along with Queen’s University Belfast from Northern Ireland (UK). Chandigarh University Uttar Pradesh’s partner universities in Australia include RMIT, Western Sydney University and The University of Newcastle. The universities in Canada which have established partnership with Chandigarh University Uttar Pradesh include Brock University and The University of Western Ontario London, Ontario, Canada (Western),” he said.

Jai Inder Singh Sandhu, Managing Director, Chandigarh University Uttar Pradesh said, “Other universities which have signed MoU with Chandigarh University Uttar Pradesh include Universiti Sains Malaysia (School of Industrial Technology), Sunway University, and Asia Pacific University of Technology & Innovation (APU) in Malaysia; Università Cattolica del Sacro Cuore and Sapienza University of Rome in Italy, Pokhara University and Mid-West University, Surkhet in Nepal, University of Cape Town and Vaal University of Technology (VUT) in South Africa.”

“This apart, University of Macau in Macao, University of Zagreb (Faculty of Economics and Business) in Croatia; Palacký University in Czech Republic, Friedrich Schiller University Jena in Germany; University of Szeged in Hungary and Universitas Airlangga in Indonesia, The University of Auckland (Faculty of Education and Social Work) in New Zealand, UNICAMP Universidade Estadual de Campinas in Brazil, Middlesex University in Mauritius and Jeonbuk National University in South Korea,” he added.

Sandhu said, “These MoUs have paved the way for the students of Chandigarh University Uttar Pradesh to get international exposure with the access to top universities in the world’s popular higher education destinations across North America, Europe, Oceania, Asia and Africa, creating a rich educational ecosystem through semester abroad or dual degree programs, student exchange programs and joint research projects.”

“Under these MoUs, Chandigarh University Uttar Pradesh will offer a wide range of student exchange programs with its partner universities around the world on a semestral or academic-year basis. In semester exchange programs to Europe, Asia, South Africa, South America under these MoUs, students of Chandigarh University Uttar Pradesh will get the opportunity to spend a semester in partner universities to make their academic journey international. Chandigarh University Uttar Pradesh students who intend to do a degree from a University abroad with also get the opportunity for the same under these MoUs. Our students will have the distinct advantages to build-up their professional career,” he added.

Sandhu said, “Chandigarh University Uttar Pradesh’s Master Degree programs under these MoUs will help students get into some of the top-ranked Universities to pursue your higher degrees and avail institutional and government scholarships for the same. Chandigarh University Uttar Pradesh’s ‘Short Term Programs’ under the MoUs with the universities across the world will provide its students with a unique opportunity to gain practical international exposure. Through short-term Immersion Programs, Industry Immersion Programs, Profile Building Programs, Summer School Programs and Winter School Programs, Chandigarh University Uttar Pradesh students will engage with diverse communities, broaden their global perspective and develop valuable skills. Such programs are especially useful for students who want international exposure but may not be looking for a full long-term relocation. For many students, these shorter formats can be the first meaningful step into global learning.” 

Jai Inder Singh Sandhu said, “Students of Chandigarh University Uttar Pradesh will get ‘study-abroad’ opportunities under which they will spend a defined period at a partner university and experience an international classroom, new pedagogical methods and a different academic culture.”

“Chandigarh University Uttar Pradesh’s research-linked collaborations will also lead to creation of opportunities for scholarly engagement, academic exchange and knowledge creation. Such academic relationships will shape future projects, faculty interaction and interdisciplinary learning The MoUs with global universities will focus on several key areas in subject-specific key areas including AI and Cybersecurity in order to prepare students for careers in emerging technologies and improve their employability. In a higher education environment where credibility matters as much as visibility, Chandigarh University Uttar Pradesh is standing out for building global opportunities that are measurable, practical and relevant to student success,” he added.

About Chandigarh University Uttar Pradesh (Lucknow)

Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education. Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India’s No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.

https://www.culko.in/

 

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Skanska builds high-tech fabrication facility in Boise, Idaho, USA, for USD 390M, about SEK 3.6 billion

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STOCKHOLM, July 17, 2026 /PRNewswire/ — Skanska has signed a contract with a new confidential high-tech client for the construction of a fabrication facility in Boise, Idaho, USA. The contract is worth USD 390M, about SEK 3.6 billion, which will be included in the US order bookings for the third quarter of 2026.

Work is for a new fabrication facility, a dedicated Central Utility Plant, and associated site infrastructure.

Work has begun and is scheduled for completion in the first quarter of 2028.

For further information please contact:
Daniela Arellano, Communications Director, Skanska USA, tel +1  213 317 4977
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skanska/r/skanska-builds-high-tech-fabrication-facility-in-boise–idaho–usa–for-usd-390m–about-sek-3-6-bill,c4375621

The following files are available for download:

https://mb.cision.com/Main/95/4375621/4197368.pdf

20260717 US high-tech fabrication facility

 

 

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Akko Launches New U1 Switch Series, Debuting with Creamy Yellow U1

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SHENZHEN, China, July 17, 2026 /PRNewswire/ — As Akko approaches its 10th anniversary, the brand introduces U1 Series mechanical keyboard switches. As Akko’s next-generation switch lineup, the U1 Series is built around material innovation, structural refinement, and acoustic tuning, aiming to deliver a polished typing experience.

Across the series, U1 switches feature a newly engineered POM-blend material. While retaining the self-lubricating properties of POM, the material improves smoothness and consistency, bringing a cleaner sound profile and a refined typing feel. A redesigned cylindrical stem and optimized rail structure help each keystroke sound more focused and lower-pitched, with a thocky character, while reducing rail contact area. Paired with an upgraded POM top housing, the design suppresses spring ping and unwanted resonance. Each switch is precision factory-lubed to reduce dry friction out of the box, allowing users to enjoy a smooth, stable feel without manual lubrication.

Creamy Yellow U1 also receives dedicated internal structural upgrades. This U1 version combines the crisp character of the V3 version with the deeper sound of the V5 version, balancing different preferences for switch acoustics. Its optimized structure delivers more stable performance across keyboard configurations, making it suitable for entry-level users exploring custom keyboards while improving compatibility. Through a specially designed light-guiding column for diffusion, the switch reduces light loss and dark areas, creating brighter, more even RGB effects across compatible PCBs. Packaging has also been upgraded to a standard 100-switch box, making it more convenient for switch replacement, spare use, storage, and bulk assembly across mainstream keyboard layouts, while improving efficiency and reducing packaging waste.

More U1 Series upgrades include Creamy Purple U1, which optimizes stem stability and noise control for a clearer tactile feel and purer sound; Piano U1, an upgraded version of the V3 Pro Piano switch with improved smoothness and stability for linear-switch users; and Crystal Silver U1, a new linear switch designed for fast actuation and responsive rebound in gaming scenarios.

According to Akko’s product team, an excellent switch is shaped by materials, structure, sound, and feel working together. Creamy Yellow U1 marks the beginning of the U1 ecosystem. Akko also plans to introduce silent-oriented products and will apply U1 switches to upcoming keyboards, including 5075 V5 and more V5 Series products.

The U1 Series switches are available through Akko’s global sales channels. For more information, please visit akkogear.eu and akkogear.de.

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