Bybit Next Level 2022 — Becoming the ‘Crypto Ark’ of the World

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VICTORIA, Seychelles – Media OutReach – 6 September 2022 – Ben Zhou, co-founder and CEO of Bybit, the third most visited cryptocurrency exchange in the world, celebrated a stream of new products and milestones in his mid-year review. He also shared details of new product arrivals at Bybit including a debit card, and wallet.

Recent Significant Milestones

  • 10 million users in 160 countries. In August 2022, Bybit reached a total of 10 million users, a huge milestone for the fast-growing crypto exchange.
  • Supporting 16 languages. Bybit strode toward becoming a global crypto exchange, and now supports trading in 16 languages, as well as 24/7 customer support available in 13 languages.
  • The Third Most Visited Crypto Exchange. Bybit was the third most visited crypto exchange every month of 2022.
  • Established 12 country-specific teams. Bybit is determined to be the crypto ark for the world and its 12 local market teams saw 5x quarterly growth on average across local markets:
    • 27% growth in Mexico
    • 346% growth in Argentina
    • 109% growth in Vietnam
    • 255% growth in Brazil
  • Deepening partnerships. In 2022, Bybit became the principal crypto partner for the outstanding F1 team Oracle Red Bull Racing. Bybit launched several NFTs with Oracle Red Bull Racing, including the Playseat Auction at the Monaco Grand Prix where the winner won the physical playseat and an NFT playseat.
  • Global sponsorships: Bybit continued its existing sponsorship with top-tier German football club Borussia Dortmund (BVB), and Japanese J League football club Avispa Fukuoka. The crypto exchange also added MIBR, the biggest esports team in Brazil, to its list of esports teams, which include NAVI and Astralis.
  • Giving back: After a record-breaking turnout to Bybit’s annual World Series of Trading competition, Bybit was able to pledge $900,000 in BTC to UNICEF from the WSOT prize pool. The funds will aid digital learning for kids in East Asia and the Pacific, and augment STEAM education for girls in Vietnam.


The Latest on Bybit’s Products & Services

  • Bybit Card. The Bybit debit card is coming soon! It will allow users to pay for goods and services with stablecoins such as USDC. Bybit will partner with a major debit card provider to allow access to crypto payments around the world.
  • Web3 Aggregator and Wallet. The Bybit team is working on a web3 Aggregator, which will show users the hottest projects in DeFi, and contain tutorials to help onboard new users. It will work in conjunction with the Bybit Wallet, another hotly anticipated product coming soon.
  • Options Trading. In 2022, Bybit released the first-in-market USDC Options trading and settlement. The stablecoin-margined options contract allows users to trade BTC, ETH, and SOL crypto options conveniently using USDC.
  • Futures and Perpetuals. Bybit’s flagship product — which includes perpetual and expiration futures — has continued to succeed massively in 2022. On average, there were 200,000 active daily traders on Bybit’s derivatives platform generating an average daily trading volume of over $10 billion.
  • Fiat On-Ramps. Bybit improved access to crypto for users all around the world by supporting crypto purchases with 30 different fiat currencies. Usage of this feature is up nearly 6x since launch, with nearly 24,000 transactions per month.
  • Launchpad and Launchpool. Bybit is an incubator for promising web3 products. In 2022, nearly 850,000 Bybit clients participated in Launchpad token launches.
  • Spot Trading. In 2022, Bybit expanded its spot pair listings and now features 260 trading pairs allowing users to go further in trades and enjoy maximum profitability due to Bybit’s significant market depth and best-in-class liquidity.
  • Grid Trading Bot. Grid trading bots are a brand new edition to Bybit’s line-up with an already available bot for the spot market, and a derivatives trading bot coming very soon.

“We are here so people can take advantage of what the world of web3 can offer,” said Zhou, during the session. “Whether you’re after the financial freedom, whether you’re after the tech innovation, or whether you’re using crypto to hedge a risk either with your local fiat or because of the pandemic. We are here to build adoption-ready products to help our users go into the world of crypto. Our mission is to empower crypto believers to achieve their dreams.”

Hashtag: #Bybit

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For more information please visit:

For updates, please follow Bybit’s social media platforms on









Keeping Up With Level Up Housemates

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Keeping Up With Level Up Housemates

From ‘Double wahala’ in 2018 to ‘Shine ya eye’ in 2021, BBNaija housemates have consistently fed viewers with the best peppered sauce on reality TV.

What typically starts with drama in the house, cooked from failed relationships, betrayal, and a clash of egos, culminates in amazing friendships and long lasting feuds outside the House – all fueled by the highly invested fanbase.

Although still in its early stages, the 2022 ‘Level up’ experience looks to be equally exciting as previous seasons, as housemates continue to surprise fans of Africa’s most popular TV reality show! Check out the highlights from the past month below!

New season, new twists!

This season took on a new twist from prior seasons. A total of 24 housemates were admitted and

@mosvinbami seemed to enjoy all the drama both houses offered.

The “Tail of House” title was also given to the least performing housemate during the Head of House games, which Phyna “won” twice in a row. Impressive!

Love trapeziums and sailing/sinking ‘ships’ 

Among the reasons fans on #TwitterNaija love the reality show are the relationship dynamics that are always at play. Many fans pointed out how quickly housemates fell in love and the lengths they go to protect said love; sometimes to the point of forfeiting the grand prize.

Did you see what Beauty did because of Groovy? Some fans thought it went too far.

 

Meanwhile, other fans thought Groovy was too quick to move on from Beauty with Phyna.

 

So far, the longest ‘ship’ is what Bella and Sheggzy have got going. Well, that ‘ship’ has also been hitting some icebergs recently. Folks on #TwitterNaija believe Sheggzy has been acting up since Bella showed interest in him.

 

Side note: the ‘ship’ that is becoming popular lately is that of Hermes and Allysyn, but let’s see how far this can sail!

The elite fake housemate game!

Ok, BBN introduced more twists this year! This time, fake housemates have been sent on a mission to sink ships! Chizzy, especially, has been a crowd pleaser as he’s mastered the art of deception and seems to derive pleasure in carrying out Biggie’s secret tasks.

In a recent twist, Modella was evicted from the house and left the housemates stunned after they realised she was a fake housemate. What they don’t know is that there are two others who are set to cause even more trouble in the house.

BBN’s earliest disqualification  

Former beauty queen, Beauty got #TwitterNaija in a frenzy over repeated displays of aggressive behaviour which earned her three strikes, leading to an early disqualification. This is the earliest disqualification a housemate has received, with just 14 days in the house.

Remember the ‘situationship’ with Groovy? Fans on Twitter thought that might’ve contributed to Beauty losing focus.

 

When Island meets Trenches

For more drama and plot twists, Big Brother decided to merge the level 1 and 2 housemates into one house. So, we no longer have the housemates divided into ‘island’ and ‘trenches.’ #TwitterNaija was excited as this adds new twists and allows for more drama. Now the real games begin!

 

Surprise eviction 

With six nominations, Amaka became the eighth housemate to be evicted from the game, missing out on a chance to compete for the coveted grand prize of N100 million. This was a surprise twist from Biggie, as he called the housemates for immediate eviction nominations, and Amaka was the victim.

As her eviction was announced she mumbled “I knew it, I knew it,” as though she was expecting it. Well, Daniel Regha has a ‘theory’.

 

Keep up with daily updates, relationship gossip and fights on #TwitterNaija here,

Chuo Spring Leverages Infor ERP to Drive Further Business Efficiencies and Standardization in Overseas Operations

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Duplicates success of standards-based model from early-adopter Indonesia base to reduce build time by three months; improves accuracy of inventory management with Infor CloudSuite Industrial

TOKYO, JAPAN –

Positive Cambodia Retail Outlook: Prince Real Estate Group’s Proactive Moves to Stimulate the Retail Market

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PHNOM PENH, CAMBODIA – Media OutReach – 6 September 2022 – “Cambodia’s retail outlook is looking stronger than ever going into 2023 with regional new players looking to expand into Indochina with Cambodia being one of the most attractive markets,” said Edward Lee, Chief Executive Officer (CEO) of Prince Real Estate Group (Prince Real Estate) during its business matching event with the Malaysia Retail Chain Association (MRCA).

Prince Real Estate hosted MRCA’s trade mission delegations of 60 Malaysian entrepreneurs from over 40 companies led by Dato Vincent Choo, the organizing chairman of the trade mission and vice president of MRCA.

During the event, the Group entered a tripartite Memorandum of Understanding (MoU) with MRCA and the Malaysian Chamber of Cambodia, witnessed by His Excellency Cheuy Vichet, Ambassador of Cambodia to Malaysia.

The MoU promotes investment into the Kingdom, specifically the retail industry, by facilitating Malaysian companies interested in expanding into Cambodia through knowledge sharing and providing data-driven insights.

The business matching event is part of Prince Real Estate’s efforts to strengthen its expansion strategies via inward investments in line with the Group’s vision to transform the retail industry in Cambodia by bringing in more regional brands to complement the local players.

“Cambodia has been an investment-friendly country with three main pull factors: the Cambodian law permits 100% foreign ownership of a business, there is no capital control, and the Kingdom is a dollarized economy,” said Edward.

Prince Real Estate reboots progressive expansion, seeing a return to normality post opening of Cambodia’s economy early this year. The Group launched its first open-concept-inspired street mall, the Prince Times Square, in June this year. Prince Real Estate is also launching its flagship project – the Prince International Plaza, end of Q4 2022.

Last week, Prince Real Estate clinched two top developer awards of the year as the Best Developer and Best Mixed Use Developer at the 7th PropertyGuru Cambodia Property Awards 2022 at a gala event in Sofitel Hotel, Phnom Penh, Cambodia.

Hashtag: #PrinceHoldingGroup #PrinceRealEstateGroup

The issuer is solely responsible for the content of this announcement.

Netflix Creative Equity Fund For West And Central Africa

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Netflix Creative Equity Fund For West And Central Africa

 Netflix has announced the extension of its  Netflix Creative Equity Scholarship Fund (CESF) to film and television students in the West and Central Africa region.

 

Applications are now open for students to apply to study at institutions in Burkina Faso, Bénin, Cape Verde, Côte D’Ivoire, Gambia, Ghana, Guinea, Liberia, Guinea Bissau, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone and Togo.

 

Netflix’s global Netflix Creative Equity Fund, which was launched in 2021 and will be distributed to various initiatives over the next five years with the goal of building a strong, diverse pipeline of creatives around the world, includes a US$1 million scholarship fund for students from Sub-Saharan Africa. The scholarship fund will cover tuition, housing, study materials, and living expenses at selected partner schools in Nigeria where beneficiaries have been accepted to pursue a programme of study in the television and film disciplines in the 2022/2023 academic year.

 

The Netflix CESF is set to launch across the region in the academic year beginning in 2022, and Netflix will partner with Dalberg as an implementation partner and fund administrator in the West and Central Africa region.

 

How it works:

The Netflix CESF is intended to provide financial aid in the form of full scholarships at partner higher educational institutions in Nigeria, Benin, Ghana and Gabon to help ambitious creatives from West and Central African countries obtain official qualifications and training. The following countries in West and Central Africa will be eligible: Benin, Burkina Faso, Cape Verde, Côte D’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Senegal, Sierra Leone, Togo.

 

The fund will be available to students who have obtained admission to study in various film & TV-focused disciplines, for the 2022 academic year, at the following partner institutions:

 

 

Applications are now open via the LINK HERE  until the 9th of September 2022 at 23:59 PM

LEAPAfrica Celebrates Its 20th Anniversary And Showcases Change-Makers Across Africa Lagos, Nigeria.

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LEAPAfrica Celebrates Its 20th Anniversary And Showcases Change-Makers Across Africa Lagos, Nigeria.

LEAP Africa is pleased to announce the tenth edition of its annual Social Innovators Programme & Awards (SIPA) 2022 and its 20th-anniversary celebration set to hold on Thursday, September 8th, 2022, in Lagos.  

 

LEAP Africa has supported about 200 social entrepreneurs in Nigeria, Ghana, Kenya, Sierra Leone, Rwanda, Cameroon, Burundi, Uganda, and Tanzania through the Social Innovators Programme (SIP) in the past ten years. The S.I.P.A provides LEAP Africa with the opportunity to deepen further its engagement with social entrepreneurs and foster sectorial collaboration with the over 200 alumni social innovators on the continent. This year Henry Kaestner, Co-founder and partner, Sovereign’s Capital, will be joined by Vanessa Garrison, Co-founder, GirlTrek; Efosa Ojomo, Lead, Global Prosperity Research Group, Clayton Christensen Institute for Disruptive Innovation and Sangu Delle, CEO, CarePoint will be speaking on the theme; Reawaken, Redesign and Re-emerge – Africa Beyond Potential. This year, S.I.P.A 2022 will welcome dignitaries like Ogochukwu Ekezie-Ekaidem, Head of Corporate Communications and Marketing at Union, Pearl Uzokwe, Head of Sahara Group Foundation, Olusuji Aina, Partner and West Africa Director, Impact Amplifier among others.

Commenting on LEAP’s work with social innovators, the Executive Director of LEAP Africa, Femi Taiwo, expressed his delight to graduate a new set of change-makers from the programme; he says, “Today, I am proud of everyone we have impacted, who are impacting their communities, cities, states and countries. I am privileged to have served these social entrepreneurs doing great things in their various endeavours to contribute positively to their communities”.

To also celebrate two decades of youth leadership development in Africa, LEAP Africa will be celebrating with its partners, funders, Board of Directors and Staff at a Gala Night tagged – LEAP @ 20:Celebrating Impact, Redefining the Future. It will be an evening of reflection on its collective achievements and milestones while sharing insights into the journey for the next two decades.

At the dinner, LEAP Africa is expected to host the State Governors of Lagos, Akwa-Ibom, Ogun, Edo, Taraba, Anambra and the Honourable minister of the Federal Capital Territory. It will also host captains of industries, thought leaders, as well as corporate and private organisation leaders. At the Gala, LEAP will give awards to deserving individuals, organisations and government partners who have contributed to LEAP Africa’s vision over the years.

Udokan Copper and RusHydro sign cooperation agreement on sustainable development

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MOSCOW, RUSSIA – Media OutReach – 6 September 2022 – Udokan Copper, the developer of Russia’s largest copper deposit, and the energy company RusHydro have agreed to cooperate in the area of sustainable development. The agreement was concluded on 6 September 2022, during the seventh Eastern Economic Forum, which is taking place in Vladivostok 5–8 September. Yerkozha Akylbek, Chairman of Udokan Copper’s Board of Directors, signed the agreement on behalf of the Company.

The agreement makes provision for supplying Udokan Copper with low-carbon electricity from RusHydro. In addition, the parties plan to use free bilateral contracts for the purchase and sale of electricity, which will enable Udokan Copper to reduce its indirect emissions of greenhouse gases.

Udokan Copper aims to reduce its carbon footprint in order to help achieve the goals of the UN Framework Convention on Climate Change and the Paris Agreement. In its recently released Sustainability Report, the Company reported that it had invested RUB 764 million (USD 11.5 million) in 2021 in social responsibility projects and programmes in the Zabaikalye region, including for environmental measures.

Udokan Copper developed a climate strategy before beginning production and was the first company in Russia to use a methodology for estimating projected emissions in line with international standards. The Company’s strategy outlines several scenarios for reducing the carbon intensity of production – notably, one option calls for reducing specific emissions by 75% by 2035, which would bring the Company closer to climate neutrality.

Noting that the power supply for the second phase of the Udokan plant would be provided in full by low-carbon electricity generated at the Ust-Ilimsk hydroelectric power station, Mr Akylbek said, “This measure will be a key instrument for reducing our carbon footprint in addition to the measures taken as part of our Climate Strategy.”

Hashtag: #UdokanCopper

The issuer is solely responsible for the content of this announcement.

About Udokan Copper

Established in 2008, Udokan Copper is part of the diversified USM holding company. With copper resources exceeding 26 million tons, Udokan is Russia’s largest copper deposit and one of the biggest in the world. The copper grade in accordance with the JORC Code is 1.05%.

The project will commission a mining and metallurgical plant that will produce 135,000 tons of copper per year. The Company aims to ensure that its products meet top quality and sustainability standards throughout their life cycle.

Local Bourse Starts Week Negative

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Local Bourse Starts Week Negative

At the end of yesterday’s trading session, the Nigerian All Share Index closed in the red, falling by 0.11% to close at 49,991.41 points.

 

The performance was due to selling pressures in large-cap stocks such as WAPCO (-4.20%) and ZENITHBANK (-2.33%). Consequently, the YTD return decreased to 17.03% as market capitalisation fell by ₦29.12 billion to close at ₦26.96 trillion.

The sectoral performance weakened as three of the five indices under coverage declined while the Oil & Gas index closed flat. The Banking index, the biggest loser, fell by 0.91% on ZENITHBANK (-2.33%). The Industrial and Insurance indices followed suit, declining by 0.35% and 0.07% on WAPCO (-4.20%) and CORNERST (-1.47%) respectively. Conversely, the Consumer Goods index, the only gainer, improved by 0.38% on NB (+3.72%).

Investors’ sentiment weakened as the market breadth decreased to 0.75x from 2.30x. This was illustrated by the advance of 12 stocks, led by CHAMS (+7.69%) and FLOURMILL (+4.46%) and the decline of 16 stocks, led by ABCTRANS (-9.68%) and JAPAULGOLD (-9.09%). Activity level weakened as the total volume and value declined by 16.29% and 45.99%, as investors exchanged about 200.92mn units of shares worth over ₦1.45bn.

 

We expect positive sentiment to return in the next trading session as the equities market still presents decent opportunities for investors chasing positive real returns on investments.

 Fixed Income

There was mixed sentiment across the bond yield curve as two of the four bond yields under coverage compressed, the yield on the the FGN-APR-2023 paper advanced by 291bps while the FGN-JUL-2030 bond yield closed flat. The yields on the FGN-MAR-2024 and FGN-JAN-2026 bond papers compressed by 1bp and 15bps respectively.

The Treasury bill yields for the 91 and 182-day papers compressed by 2bps and 1bp  to close at 11.53% and 6.49% respectively while the 364-day paper closed flat at 6.78%.

We expect market activity to be influenced by the liquidity levels in the financial system.

MARKET SNAPSHOT

  • Local Bourse Starts the Week Negative, NGX ASI Sheds 11bps
  • Mixed Sentiment across the Bond Yield Curve
  • Negative Performance in Global Stocks
  • Commodities Market Closes in Green
  • Positive Performance in African Stocks

OxPay Partners with Pi Pay to Explore International Payments Alliance

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  • OxPay and Pi Pay Plc. (“Pi Pay”) to synergise their respective platforms not only to offer convenient wallet-to-wallet payments, remittances and other services, but also to develop new solutions that are not of payment nature.
  • Partnership with Pi Pay presents a sizeable opportunity for OxPay to tap into Pi Pay’s merchant network and expand its customer base.
  • The partnership is in line with the Group’s strategic direction to increase its presence in the Asia-Pacific (“APAC”) region.

    SINGAPORE – Media OutReach – 6 September 2022 – OxPay Financial Limited (SGX: TVV) (“OxPay” or the “Company“, and together with its subsidiaries, the “Group“) is pleased to announce that its wholly-owned subsidiary, OxPay SG Pte. Ltd., has entered into a memorandum of understanding (the “MOU“) with Pi Pay, a payments solutions platform headquartered in Cambodia, to explore an international payments alliance between various countries including but not limited to Cambodia, Singapore, Indonesia, Thailand and Malaysia. This partnership will allow OxPay and Pi Pay to connect their respective platforms not only to offer convenient wallet-to-wallet payments, remittances and other services, but also to develop new solutions that are not of payment nature.

    Pi Pay is a leading mobile payment solution platform in Cambodia. Pi Pay is also backed by a prominent local business conglomerate in Cambodia that has extensive holdings in property, infrastructure, hospitality, power and trading businesses. Pi Pay is unique among the payment solution platforms in Cambodia for its strategic partnerships with traditional financial institutions and internet financiers alike. Among its key partners are Alipay, WeChat Pay and Korea’s KB Kookmin Bank.

    The partnership with Pi Pay is in line with the Group’s strategic direction to increase its presence in the APAC region. This also presents a sizeable opportunity for OxPay to tap into Pi Pay’s merchant network and expand its customer base. In addition, the partnership might bring greater customer loyalty due to the increased connectivity between the two payment platforms.

    Mr. Henry Tan, Managing Director of OxPay, said, “We are thrilled to partner with Pi Pay to explore an international payments alliance. Through our collaboration, we hope to increase connectivity for both the payment and remittance services. The partnership also sets the groundwork for even more innovative and complex services beyond the payment solutions.”

    The MOU shall be valid for a period of 12 months unless terminated by either party by giving two weeks’ notice in writing or until a definitive agreement is entered into between the parties.

    OxPay is focused on servicing merchants in the retail, transportation, as well as food and beverage industries. Its wholly owned subsidiary, OxPay SG Pte. Ltd., established in 2005, holds a major payment institution license in Singapore and is regulated by the Monetary Authority of Singapore under the Payment Services Act 2019.

    Currently, OxPay has a presence in Singapore, Malaysia, Indonesia and Thailand – with ambitions to become a regional player in the global payment space. With OxPay’s established digital infrastructure and expanding geographical presence, the Group believes that it is well-positioned to capitalise on this significant and growing market opportunity.

Hashtag: #OxPay

The issuer is solely responsible for the content of this announcement.

About OxPay

OxPay is principally engaged in the provision of merchant payment services and digital commerce enabling services, offering online-to-offline (O2O) solutions through a fully integrated platform with a focus on servicing merchants in the retail, transportation and food and beverage industries. Its end-to-end payment platform offers comprehensive solutions for merchants, ranging from hardware and software to data analytics and other technology-driven value-added services tailored to specific industries. Its solutions cater to merchants with both on-line and off-line presences, provided through a unified platform digitalising engagement across all channels. OxPay currently has a presence in four geographical markets – Singapore, Malaysia, Indonesia and Thailand – with ambitions to become a regional player in the global payment space.

For more information, please visit us at

This press release contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company’s control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward looking statements. The Company makes no representation or warranty, express or implied, as to or endorsement of the accuracy or completeness of any information, statements or representations contained in this press release with respect to the Company

This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. (the “Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist.

This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.

The contact person for the Sponsor is Ms. Goh Mei Xian, Director, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.

Workato expands integration-led automation availability in Singapore, deepens Asia Pacific commitment

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Workato launching its solutions on Amazon Web Services will empower customers to carry out mission-critical business process integrations

SINGAPORE – Media OutReach – 6 September 2022 – Workato, a global leader in enterprise automation, today announced that Workato’s solutions are now hosted on Amazon Web Services (AWS) in Singapore, across industries of all sizes. This will enable Workato to better serve customers in Singapore and the APAC region.

Workato’s expansion into Asia Pacific is driven by the growing demand for integration-led automation, an approach that allows businesses to unify and streamline systems and automation workflows. According to Workato’s Automation Index 2022, the global use of automation, the application of machine learning and AI to reduce manual and repetitive tasks, doubled year on year since 2020, with Asia Pacific and Japan seeing the greatest growth in the areas of automated finance, customer support, and marketing processes. With Workato now hosted on AWS in Singapore, its customers will now be able to deploy locally available end-to-end automation solutions securely and effectively, from a centralized cloud that is built to the highest levels of privacy and security.

In addition to serving customers’ data onshoring needs, Workato is able to simultaneously deploy updates to multiple data centers across all the regions it operates in, including the US, EU, and now Asia Pacific. This minimizes service disruptions and ensures that Workato’s customers globally will get the latest software updates immediately.

“We are excited to launch Workato’s solution on AWS in Singapore to support the accelerating growth and adoption of integration-led automation, and the digital transformation of organizations in APAC,” said Allan Teng, Founder and Managing Director of Workato, Asia Pacific and Japan. “Singapore’s advanced network connectivity and modern infrastructure, combined with its status as a regional financial hub, makes it the perfect gateway to the rest of APAC.”

With more businesses demanding enterprise-grade data protection features, hosting on AWS Singapore ensures organizations are better positioned to meet data protection and compliance requirements at all times. Workato customers also have the option to store, process, and retain their data in Singapore, if necessary or preferred. “As Singapore has some of the highest regulatory standards for data protection and privacy laws in the world, we are now able to support customers with their data governance needs as they accelerate their adoption of digital automation,” Mr Teng added.

The launch reinforces Workato’s commitment to supporting digital transformation initiated across the APAC region. It follows the recent announcement of its investment of SGD$300 million in the region by 2025, as well as its goal of creating more than 700 jobs in Singapore. Since its accreditation by the Infocomm Media Development Authority of Singapore (IMDA) in 2021, Workato has been accelerating its growth in APAC in 2022, including the expansion of its regional management team, the opening of its Indian subsidiary in March 2022, the launch of its Digital Automation Hub in Singapore and the signing of three Memorandums of Understanding with Institutes of Higher Learning in Singapore in April 2022.

Stanley Chan, Head of Technology Partners, Asia Pacific, Amazon Web Services Singapore Private Limited, said, “Organizations are building and operating their cloud-based applications on AWS as it is the most secure, extensive, and reliable global cloud infrastructure. We are excited to expand our collaboration with Workato with their launch in the AWS Singapore Region, to support the growing demand from their customers in Singapore and across Asia Pacific.”

Workato joined the AWS Partner Network in November 2021, a global community of partners that leverages programs, expertise, and resources to build, market, and sell customer offerings. Workato also participates in AWS Artificial Intelligence (AI) for Data Analytics (AIDA), a set of AWS Partner solutions which embed predictive analytics into mainstream analytics workspaces. AIDA partner solutions make it easy for business experts without technical backgrounds to use AI and machine learning to derive better insights from data and act.

Customers and industry partners welcomed Workato’s move to host its solutions in Singapore and its extensive compliance and governance capabilities. “Placing their bet in Singapore as the regional data hub, Workato is well placed to serve the APAC region and facilitate data networking. IMDA Accreditation will continue to provide Workato with impetus to accelerate their expansion in the region,” said Mr Edwin Low, Director of Enterprise and Ecosystem Development, Infocomm Media Development Authority of Singapore.

Hashtag: #Workato

About Workato

The leader in enterprise automation, Workato helps organizations work faster and smarter without compromising security and governance. Built for Business and IT users, Workato is trusted by over 11,000 of the world’s top brands like Broadcom, Intuit, Box, Autodesk, and HubSpot. Headquartered in Mountain View, Calif., Workato is backed by Altimeter Capital, Battery Ventures, Insight Venture Partners, Tiger Global, and Redpoint Ventures. For more information, visit or connect with us on social media:

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