Visa

Migration has been in the news a lot lately. What’s going on?

Retrieved on: 
воскресенье, июня 2, 2024

Much of this reporting is fixated on the perceived threat posed by non-citizens to the safety or prosperity of the Australian community.

Key Points: 
  • Much of this reporting is fixated on the perceived threat posed by non-citizens to the safety or prosperity of the Australian community.
  • Such framing misses the real “crisis” of Australia’s migration system and the real harms it enables and produces to non-citizens.

Australia’s long history of ‘migration panic’

  • Non-citizen migrants become scapegoats for perceived dangers to the wellbeing of the national population.
  • Australia has a long colonial history of racial exclusion through immigration law.
  • In fact, the Whitlam government commissioned Australia’s first purpose-built immigration detention centres, with Sydney’s Villawood centre opening in 1976.

Prolonged detention or precarity

  • The vast majority of these people remained in Australia, first in immigration detention and later on short-term bridging visas.
  • A small portion of 4,245 people were forcibly sent to Australian-run immigration detention in Nauru and Papua New Guinea between 2012 and 2014.
  • They now remain either in immigration detention or on short-term final departure bridging visas.
  • The recent High Court case of a bisexual Iranian man who has been in immigration detention for almost a decade is a well-known example of a person failed by this fast-track process.

Visa cancellations as double punishment

  • This includes people who have been convicted of a crime carrying a sentence of 12 months or more.
  • All visa cancellation decisions can be reviewed by independent tribunal decision-makers.
  • Between July 2018 and December 2023, immigration ministers cancelled the visas of 4,415 people on the basis of “character grounds”, with New Zealanders being the single largest most cancelled visa nationality group.
  • In response, Giles this week announced that he would revise Directive 99 to “ensure the protection of the community outweighs any other consideration” in reviews of visa cancellations.
  • People impacted by visa denials or cancellations have been stuck for many years in immigration detention pending deportation.

How should the skilled migration points test be reformed? It’s an $84 billion question

Retrieved on: 
воскресенье, июня 2, 2024

As the government consults on potential reforms to points-tested visas for skilled migrants, the stakes couldn’t be higher.

Key Points: 
  • As the government consults on potential reforms to points-tested visas for skilled migrants, the stakes couldn’t be higher.
  • Skilled migrants contribute enormously to Australia’s prosperity – shaping our diverse society, making us more productive and boosting Australians’ earnings.
  • The points test allocates points to potential migrants depending on characteristics such as their age, proficiency in English, education, and work experience.

The points test does not reward the most-skilled migrants

  • Earnings certainly don’t capture everything, including the value of unpaid work or working in underpaid occupations.
  • All else being equal, higher earnings provide a bigger budgetary boost to Australian governments since migrants pay more tax and rely less on government-funded supports.
  • Yet these factors account for just 70 of the 130 points available.

The points test has become bloated with unnecessary points

  • The second problem stems from allocating points for characteristics that are poor predictors of migrants’ lifetime earnings.
  • Applicants receive five points if they have an approved Australian qualification, and an additional five points if they studied outside of Sydney, Melbourne and Brisbane.
  • This is partly because offering extra points for domestic study lowers the bar for graduating students who receive a points-tested visa.

Many skilled migrants are ineligible for points-tested visas

  • Third, permanent points-tested visas are currently limited to applicants qualified in skilled occupations deemed in shortage.
  • Prospective migrants working in more than 200 other high-skilled occupations are currently ineligible for the Skilled Independent visa.

Simple changes could make us all better off

Watershed Selected as One of TIME’s 100 Most Influential Companies

Retrieved on: 
четверг, мая 30, 2024

SAN FRANCISCO & LONDON, May 30, 2024 (GLOBE NEWSWIRE) -- Watershed was named one of the world’s 100 Most Influential Companies by TIME in their annual list highlighting companies making an extraordinary impact.

Key Points: 
  • SAN FRANCISCO & LONDON, May 30, 2024 (GLOBE NEWSWIRE) -- Watershed was named one of the world’s 100 Most Influential Companies by TIME in their annual list highlighting companies making an extraordinary impact.
  • “After raising an additional $100 million this February, Watershed became the most valuable climate-software company on the planet,” writes TIME.
  • Watershed “helps corporations easily measure emissions to not only report but also, critically, to act.
  • Hundreds of companies across industries from finance to consumer goods use Watershed to measure, report, and act on their greenhouse gas emissions.

Ant Group, Mastercard, e-wallets launch International Consumer Friendly Zones program in Shanghai to drive inbound tourism to China

Retrieved on: 
пятница, мая 31, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240531488965/en/
    Alipay+ payment signage at a Shanghai restaurant near the Bund highlights Ant Group's digital payment options for international customers.
  • Amid rising inbound travel, spending by international visitors to Shanghai via the two digital payment alternatives by Ant Group between January and April climbed 13 times on year.
  • Mastercard remarks that it is a great pleasure to join the International Consumer Friendly Zones program, enabling foreign travelers to make seamless and safe payments, just like locals do.
  • As international inbound traffic to China continues to recover, Mastercard looks forward to partnering with Ant Group to enhance inbound payment convenience, boost consumption and build a more inclusive payment ecosystem.

Philippines Embedded Finance Business Report 2024-2029: Rising Mobile Adoption, Unbanked and Underbanked Population, Major Fintechs Boosting Payment Gateway Ecosystem, Supportive Regulatory Landscape - ResearchAndMarkets.com

Retrieved on: 
четверг, мая 30, 2024

Unveiling the Power of Embedded Finance: Traditional financial institutions often struggle to reach the unbanked and underbanked population in the Philippines.

Key Points: 
  • Unveiling the Power of Embedded Finance: Traditional financial institutions often struggle to reach the unbanked and underbanked population in the Philippines.
  • Key Drivers of Philippines Embedded Finance Market: Several factors are propelling the Philippines' embedded finance market forward:
    Rising Mobile Adoption: With a high smartphone penetration rate, Filipinos are increasingly comfortable conducting financial transactions through their mobile devices.
  • Key Players of Philippines Embedded Finance Market: The Philippines' embedded finance market is a dynamic space with a mix of established players and innovative startups driving growth.
  • Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.

Eved Launches EvedPay Visa Card And Mobile App For Entertainment, Media And Production Companies To Better Manage, Approve And Reconcile Production Expenses

Retrieved on: 
четверг, мая 30, 2024

An accompanying app was also launched to help production staffers, accountants, producers and executives maintain controls over the EvedPay card, facilitate approvals and reconcile expenses on-the-go.

Key Points: 
  • An accompanying app was also launched to help production staffers, accountants, producers and executives maintain controls over the EvedPay card, facilitate approvals and reconcile expenses on-the-go.
  • The EvedPay card and the Eved mobile app integrate with the Eved web platform, which automates and centralizes the management of suppliers and processing of invoices and payments with a single workflow.
  • Unlike competitive products, the card can also easily and immediately be pushed into a user’s Google or Apple wallet.
  • Benefits of the EvedPay card and app include:
    Immediately issue digital cards to production staff with predetermined spending limits.

Asia Pacific Prepaid Card and Digital Wallet Business Report 2024: Chinese Digital Wallets are Entering into Strategic Collaborations, Unified Payments Interface (UPI) Continues to Lead - ResearchAndMarkets.com

Retrieved on: 
четверг, мая 30, 2024

With over 100 KPIs at country level, this report provides comprehensive understanding of prepaid card and digital wallet card market dynamics.

Key Points: 
  • With over 100 KPIs at country level, this report provides comprehensive understanding of prepaid card and digital wallet card market dynamics.
  • India is expected to lead the growth of the Asia Pacific prepaid card market over the medium term.
  • Overall, the publisher maintains a positive growth outlook for the Asia Pacific prepaid card market over the next three to four years.
  • To further tap into the growing digital payments and tourism market, Chinese firms are forging strategic alliances with businesses across the Asia Pacific region.

Africa & Middle East Prepaid Card and Digital Wallet Business Report 2024: Market to Surpass $100 Billion by 2028 - Fintech Firms Reaping the Rewards Amid Rising Adoption - ResearchAndMarkets.com

Retrieved on: 
вторник, мая 28, 2024

With over 100 KPIs at country level, this report provides comprehensive understanding of prepaid card and digital wallet card market dynamics.

Key Points: 
  • With over 100 KPIs at country level, this report provides comprehensive understanding of prepaid card and digital wallet card market dynamics.
  • The prepaid card market is poised to record strong growth over the medium term in Africa and the Middle East.
  • The adoption of digital payment solutions, including prepaid cards and wallets, is growing rapidly across the region.
  • In the Middle East, too, the adoption of prepaid payment instruments is poised to grow rapidly in 2024.

CBi Group Secures $15M Series A Funding to Boost R&D

Retrieved on: 
четверг, мая 23, 2024

The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBi Group.

Key Points: 
  • The funds will enhance R&D, focusing on new technologies to improve products and drive innovation, according to Jiangtao Sun, founder of CBi Group.
  • Founded in 2017, CBi Group provides international and cross-border financial services for global trade businesses, offering corporate banking, global transfers, Visa and UnionPay cards.
  • This investment will help CBi Group achieve significant breakthroughs in fintech," says Daniel Morra, CIO of Alpol Capital Family Office.
  • CBi Group will continue to focus on innovation and user experience, leveraging advanced AI to provide high-quality, innovative cross-border payment and international financial solutions," says Jiangtao Sun.

Germany Embedded Finance Business Report 2024: Market to Grow by 28.2% to Reach $9.79 Billion This Year - Investment Opportunity Forecasts to 2029 - ResearchAndMarkets.com

Retrieved on: 
пятница, мая 24, 2024

Embedded Finance industry in Germany is expected to grow by 28.2% on annual basis to reach US$ 9.79 billion in 2024.

Key Points: 
  • Embedded Finance industry in Germany is expected to grow by 28.2% on annual basis to reach US$ 9.79 billion in 2024.
  • The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 21.4% during 2024-2029.
  • The embedded finance revenues in the country will increase from US$ 9.79 billion in 2024 to reach US$ 25.81 billion by 2029.
  • With over 75+ KPIs at the country level, this report provides a comprehensive understanding of embedded finance market dynamics, market size and forecast.