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Stock impact report

Payment Asia to Support Digital Transformation in Hong Kong's F&B Industry

Lufax Holding Ltd American Depositary Shares, each representing two (2) Ordinary Shares (LU) 
Company Research Source: PR Newswire
HONG KONG, Oct. 3, 2024 /PRNewswire/ -- Payment Asia is excited to announce a new initiative to empower small and medium-sized enterprises (SMEs) in Food and Beverage (F&B) sector and help them expand their businesses. In the exclusive collaboration with PAO Bank Limited (PAObank), the first virtual bank in Hong Kong specializing in SME banking services, Payment Asia aims to help local restaurants and food businesses enhance cash flow and expedite digital transformation, enabling them to capitalize on emerging opportunities in the rapidly evolving market.Payment Asia offers a comprehensive range of electronic payment solutions for SME enterprises. Through one of its business units, PA Financial, which operates as a licensed financial service provider in Hong Kong, the company facilitates the seamless integration of loan applications with comprehensive digital marketing services, creating a convenient one-stop channel for SMEs looking to expand their businesses and improve liquidity.As Show less Read more
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