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Naspers Limited: Results of Annual General Meeting and Prosus Dividend Payment

Retrieved on: 
Thursday, August 25, 2022
Professional Services, IOT (Internet of Things), Technology, Data Analytics, Other Technology, Internet, Science and technology in Asia, South African Reserve Bank, COVID-19, Food, Technology, CEO, Safety, IFood, African Solidarity Fund, PayU, Good, Agtech, Auto Trader, Solution, BillDesk, Meal, OLX, Heart, Remuneration, Sale, Disclosure, Association of British HealthTech Industries, Indian Red Cross Society, Intelligence, Forward-looking statement, Investment, Human, Nelson Mandela, Euronext Amsterdam, STI, American depositary receipt, Population, Internet, ADR, Uncertainty, Climate, Face, International Red Cross and Red Crescent Movement, Ecosystem, PPE, JSE Limited, Growth, Review, Life, Acquisition, Employment, Organic, Holding company, Bookkeeping, Bank, Management, Marketing, Renewable energy, Risk management, Security (finance), Pharmaceutical industry, Naspers, Prosus, Tencent

To increase net asset value per share, this year we initiated an open ended repurchase programme of Naspers and Prosus shares.

Key Points: 
  • To increase net asset value per share, this year we initiated an open ended repurchase programme of Naspers and Prosus shares.
  • Due to the repurchase of Naspers N ordinary shares, the exact dividend per share can only be determined closer to the dividend payment date and will accordingly be announced on the dividend finalisation date on Tuesday, 27 September 2022.
  • Prosus has its primary listing on Euronext Amsterdam and a secondary listing on the Johannesburg Stock Exchange and Naspers is the majority owner of Prosus.
  • Naspers contributed R1.5 billion of emergency aid to support the South African governments response to the COVID-19 pandemic.

Prosus, Which Is Majority Owned by Naspers, to Acquire Remaining Stake in iFood from Just Eat

Retrieved on: 
Friday, August 19, 2022
Food, Beverage, Internet, Online Retail, Retail, Technology, PRX, A2X Markets, Euronext Amsterdam, Industry, CEO, Forward-looking statement, Good, AEX, Technology, Growth, Science and technology in Asia, Food chain, African Solidarity Fund, American depositary receipt, Restaurant, Income, Human, COVID-19, Food, JSE, Nelson Mandela, JSE Limited, Auto Trader, PayU, Delivery Hero, PPE, Ownership, Solution, Internet, Meal, ADR, NPN, Security (finance), Renewable energy, Food delivery, Pharmaceutical industry, IFood, Naspers, Prosus, Movile

Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.

Key Points: 
  • Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.
  • iFood has performed exceptionally well since Prosus first invested in the business through Movile, founded by Fabricio Bloisi, in 2013.
  • We first invested in iFood nearly a decade ago and during this time Fabricio and team have built a world-class food delivery business.
  • Increasing our stake to full ownership is a demonstration of our committed and disciplined approach to investment and reflects our confidence in the long-term potential of iFood.

Prosus to acquire remaining stake in iFood from Just Eat

Retrieved on: 
Friday, August 19, 2022
Technology, Finance, Electronic Commerce, Professional Services, Food, Beverage, Retail, Supply Chain Management, Other Professional Services, Online Retail, A2X Markets, Euronext Amsterdam, CEO, Food chain, OLX, SimilarWeb, Wolt, Naspers, JSE Limited, Auto Trader, Delivery Hero, Worldpay Group, Health, Magazine, Industry, Technology, Science and technology in Asia, Restaurant, BUX, JSE, Euronext, PayU, Growth, Stack Overflow, BandLab Technologies, Red Dot Payment, Blockchain, Income, Dott, Food, PRX, AEX, Christian Klar, Acidovorax facilis, Ownership, Luno, Security (finance), Retail, Food delivery, Azo dye, Otodome Falls, Republic, IFood, Meesho, Erudition, Prosus, Movile, Superside (company)

Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.

Key Points: 
  • Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.
  • iFood has performed exceptionally well since Prosus first invested in the business through Movile, founded by Fabricio Bloisi, in 2013.
  • Today, iFood is a leading platform business which includes food delivery, grocery, quick commerce, and fintech.
  • We first invested in iFood nearly a decade ago and during this time Fabricio and team have built a world-class food delivery business.

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme

Retrieved on: 
Monday, June 27, 2022
Online Retail, Internet, Professional Services, Blockchain, Fintech, Sustainability, Technology, Environment, Retail, Finance, Other Technology, Food Tech, Stack Overflow, COVID-19, Growth, Net asset value, Blockchain, Red Dot Payment, Acidovorax facilis, Euronext Amsterdam, Science and technology in Asia, Christian Klar, Venture, SICA, Auto Trader, Life, NAV, JSE Limited, OLX, Luno, AEX, SimilarWeb, Food, Investment, BandLab Technologies, BUX, Paris Agreement, Solution, Disability, Education, Acquisition, GHG, Technology, Carbon, Climate, Dow Jones, ESG, Worldpay Group, Learning, Health, Agtech, TPV, PayU, A2X Markets, Wolt, GMV, Sale, E-commerce, IFood, BillDesk, Magazine, Delivery Hero, Bank, Online shopping, Cryptocurrency, Video game, Food delivery, Retail, Airline, Renewable energy, Erudition, Skillsoft, Group, Republic, Azo dye, Food delivery, Superside (company), Naspers, Prosus, Educational technology, Meesho, Otodome Falls

This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.

Key Points: 
  • This performance was led by 93% growth in Classifieds, 77% growth in Food Delivery, 55% growth in Edtech and 45% growth in Payments & Fintech.
  • Classifieds, as well as core payments, remain profitable, with trading profit of profitable ecommerce businesses increasing 17% to US$493m.
  • With strong operational execution, good consumer traction, and improving profitability in core operations, the Group increased investment to pursue opportunities for each segment.
  • A detailed breakdown of the Net Asset Value of the Prosus portfolio, based on market consensus estimates, is on the Prosus website here .

Prosus: Disposal of JD.com Shares Received From Tencent Holdings Limited

Retrieved on: 
Monday, June 27, 2022
Mobile, Wireless, Technology, Finance, Electronic Commerce, Professional Services, Internet, Supply Chain Management, Retail, Online Retail, Other Professional Services, Auto Trader, Stack Overflow, PayU, A2X Markets, Wolt, JSE Limited, OLX, Worldpay Group, Luno, AEX, SimilarWeb, IFood, District, BandLab Technologies, Technology, BUX, Magazine, Delivery Hero, Blockchain, Health, Red Dot Payment, Hylaeus facilis, Euronext Amsterdam, Science and technology in Asia, Christian Klar, Food delivery, Security (finance), Azo dye, Naspers, Superside (company), Republic, Erudition, Prosus, Meesho, Otodome Falls

Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.

Key Points: 
  • Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
  • The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil.
  • Prosus actively seeks new opportunities to partner with exceptional entrepreneurs using technology to improve peoples everyday lives.
  • For listed companies where we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch, and SimilarWeb.

Naspers: Disposal of JD.com Shares Received From Tencent Holdings Limited

Retrieved on: 
Monday, June 27, 2022
Mobile, Wireless, Technology, Finance, Electronic Commerce, Professional Services, Internet, Supply Chain Management, Retail, Online Retail, Other Professional Services, Good, Auto Trader, JSE, PayU, International, JD.com, Nasdaq, JSE Limited, Internet, MIH, COVID-19, American depositary receipt, PPE, LSE, Meal, ADR, ISIN, Disposal, PRX, Hong Kong Exchanges and Clearing, District, Human, Technology, Nelson Mandela, Stock exchange, NPN, JD, Euronext Amsterdam, Solution, Time, African Solidarity Fund, International Financial Reporting Standards, Security (finance), Pharmaceutical industry, Naspers, Tencent, Prosus

Prosus N.V. (which is majority owned by Naspers) (Prosus) (Euronext Amsterdam: PRX; JSE: PRX), through its subsidiary MIH TC Holdings Limited, received 131 873 028 JD.com shares under the JD.com in specie distribution, representing a c.4% effective interest in JD.com.

Key Points: 
  • Prosus N.V. (which is majority owned by Naspers) (Prosus) (Euronext Amsterdam: PRX; JSE: PRX), through its subsidiary MIH TC Holdings Limited, received 131 873 028 JD.com shares under the JD.com in specie distribution, representing a c.4% effective interest in JD.com.
  • As JD.com does not form part of the groups core strategic focus and the JD.com shares were received by the Prosus group as a result of the JD.com in specie distribution, the Prosus group implemented an orderly disposal of the JD.com shares on the open market.
  • The JD.com shares were sold through an on-market orderly sales process comprising of a number of separate sales over time (the Disposal).
  • The aggregate Disposal of the JD.com shares constitutes a category 2 transaction for Naspers in terms of the JSE Listings Requirements.

Payment Processing Solutions Market revenue to cross USD 180 Bn by 2028: Global Market Insights Inc

Retrieved on: 
Tuesday, May 10, 2022
Philippine Council of Evangelical Churches, Visa, VR, FIS, POS, Smartphone, European Central Bank, Fraud, Mastercard, PayU, Internet, EMV, ACI Worldwide, Industry, PayPal, Adoption, First Data, Bles, Commerce, European Payments Initiative, Central bank, FIS (company), Solution, Technology, AI, NFC, QR, USD, Financial services, Cryptocurrency, Online shopping

SELBYVILLE, Del., May 10, 2022 /PRNewswire/ -- The payment processing solutions market size is expected to record a valuation of USD 180 billion by 2028, according to the most recent study by Global Market Insights Inc. The increasing demand for digital channels to perform secure and fast financial transactions is poised to contribute significantly to market growth.

Key Points: 
  • SELBYVILLE, Del., May 10, 2022 /PRNewswire/ -- The payment processing solutions market size is expected to record a valuation of USD 180 billion by 2028, according to the most recent study by Global Market Insights Inc .
  • The growing demand to streamline payment settlement methods between individuals and businesses is anticipated to support the payment processing solutions market expansion.
  • The EMV technology segment in the payment processing solutions market is predicted to observe a 15% growth rate till 2028.
  • The payment processing solutions market for mobile deployment segment is slated to register substantial market share by 2028.

Payment Processing Solutions Market revenue to cross USD 180 Bn by 2028: Global Market Insights Inc

Retrieved on: 
Tuesday, May 10, 2022
Philippine Council of Evangelical Churches, Visa, VR, FIS, POS, Smartphone, European Central Bank, Fraud, Mastercard, PayU, Internet, EMV, ACI Worldwide, Industry, PayPal, Adoption, First Data, Bles, Commerce, European Payments Initiative, Central bank, FIS (company), Solution, Technology, AI, NFC, QR, USD, Financial services, Cryptocurrency, Online shopping

SELBYVILLE, Del., May 10, 2022 /PRNewswire/ -- The payment processing solutions market size is expected to record a valuation of USD 180 billion by 2028, according to the most recent study by Global Market Insights Inc. The increasing demand for digital channels to perform secure and fast financial transactions is poised to contribute significantly to market growth.

Key Points: 
  • SELBYVILLE, Del., May 10, 2022 /PRNewswire/ -- The payment processing solutions market size is expected to record a valuation of USD 180 billion by 2028, according to the most recent study by Global Market Insights Inc .
  • The growing demand to streamline payment settlement methods between individuals and businesses is anticipated to support the payment processing solutions market expansion.
  • The EMV technology segment in the payment processing solutions market is predicted to observe a 15% growth rate till 2028.
  • The payment processing solutions market for mobile deployment segment is slated to register substantial market share by 2028.

eCurrency and cLabs lay the foundation for Central Bank Digital Currency on Web3

Retrieved on: 
Monday, April 11, 2022
PayU, Abra, Deutsche Telekom, Blockchain, Creal, Smartphone, CUSD, Non-fungible token, Multimedia, Compliance, GSMA, Community business development corporation, Research, Prosperity, Web3, Virtual currency, CBDC, CEO, Thought, Industry, Ecosystem, Clab, Jamaican, Grameen Foundation, Non-governmental organization, Efficiency, Opera, DSC3, Cryptocurrency, Decentralized finance, Prosegur, Coinbase

OAKLAND, Calif., April 11, 2022 /PRNewswire/ -- eCurrency, a leading security technology solution provider that enables central banks to issue central bank digital currency (CBDC), today announced a joint commitment with cLabs, a service organization dedicated to growing and developing the Celo ecosystem, to integrate decentralised finance and Web3 with CBDC.  Both cLabs and eCurrency are mission-aligned in their efforts to create the most digitally connected, secure, efficient, and financially inclusive financial infrastructure. 

Key Points: 
  • Both cLabs and eCurrency are mission-aligned in their efforts to create the most digitally connected, secure, efficient, and financially inclusive financial infrastructure.
  • "The cLabs team is excited to collaborate with such a trusted CBDC provider as eCurrency as central banks develop their thinking on digital currencies."
  • eCurrency Mint (eCurrency) is a research, development and operational company founded in 2011 with the mission to enable central banks to securely and efficiently issue digital fiat currency to operate alongside notes and coins.
  • eCurrency has pioneered the world's first end-to-end solution for central bank digital currency bearer instrument issuance and circulation utilizing the Digital Symmetric Core Currency Cryptography(DSC3) technology.

ValueSelling Associates Applauds Winners of the 16th Annual Stevie Awards for Sales & Customer Service

Retrieved on: 
Thursday, March 17, 2022
PayU, Stevie Awards, CRE, Gold–silver–bronze command structure, International business, CEO, GLOBE, Customer, Gold, Vortex, Service, American Business Women's Association, Senior, Â, Industry, Income, Leadership, Customer service, Government, Global Enabling Trade Report, Education, Adoption, Organization, Snowflake, Chartered Association of Building Engineers, Sports broadcasting contracts in Middle East & North Africa, Associate, Gold Award, Woman, COVID-19, Workplace, Video game, Restaurant, Film, Management, Silver, Business

CARLSBAD, Calif., March 17, 2022 (GLOBE NEWSWIRE) -- ValueSelling Associates , Inc. congratulates all of the winners including its clients who received 14 Stevie Awards in the 16th Annual Stevie Awards for Sales & Customer Service.

Key Points: 
  • CARLSBAD, Calif., March 17, 2022 (GLOBE NEWSWIRE) -- ValueSelling Associates , Inc. congratulates all of the winners including its clients who received 14 Stevie Awards in the 16th Annual Stevie Awards for Sales & Customer Service.
  • The Stevie Awards for Sales & Customer Service are the worlds top honors for sales, business development, customer service and contact center professionals.
  • www.valueselling.com
    Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service.
  • Sponsors of the 16th annual Stevie Awards for Sales & Customer Service include Sales Partnerships, Inc., Thought Leadership Leverage, and ValueSelling Associates, Inc.