TORONTO /PRNewswire/ — The new semester has begun. CSA Group, a leading standards development organization, and global provider of testing and certification services, is offering some important safety tips for college and university students moving out on their own.
When leaving for university it’s tempting to bring the conveniences of home with you. Dorm rooms may not be designed for the mini-kitchen you want, so before you arrive it’s important to check with your school to see what you can bring and what needs to stay at home. Remember that helping to ensure the safety of any electrical items you do bring could save your life as well as those of your classmates.
“Starting a new school year and moving away from home is exciting,” says Allison Hawkins, Manager, Corporate Affairs. “But certain appliances may be dangerous if not used carefully or correctly especially in confined areas next to others.”
CSA Group offers the following tips to make your dorm room or residence a safer home away from home:
- What can I bring? Some residences don’t allow cooking devices or appliances to be used in your dorm room. Check the rules at your school to make sure the items you plan to have in your room are permitted.
- Look for a recognized name and certification mark: Be careful when trying to save money shopping at discount stores. When a product or packaging doesn’t include a brand identifier, trademark, or company address, it may be a counterfeit which can lead to serious safety issues. Brand-name companies want you to know whose product you’re buying. Look for a certification mark on your electronics, to help ensure they’ve met applicable performance and safety standards.
- Get alarmed: Carbon monoxide is a colourless, odourless, lethal gas and a carbon monoxide detector could save your life. Make sure you have a working carbon monoxide alarm and smoke detector installed in your room. Check for a certification mark to help ensure it’s been tested to the applicable standards for safety and performance.
- Follow instructions: If you are using small appliances, like microwaves, coffee makers or hot plates in your dorm room, make sure you follow the manufacturer’s instructions. Don’t leave items unattended while in use and keep flammable materials away from cooking and heating devices.
- Don’t get overloaded: When you’re short on outlets, it may be tempting to have your laptop, gaming system, sound system and microwave all plugged into one cord, but that can overload the circuit and potentially cause a fire. Make sure the extension cord is heavy enough for the intended load. If a cord or plug becomes hot when it is plugged in, it may be overloaded. Semi-permanent installations should not use extension cords.
- Heat it up – safely: Space heaters are a great way to heat a chilly room, but are not meant to dry clothes, heat food or warm your bed. Misuse can lead to serious injuries, fatalities or fires. Place the heater where it cannot be knocked over, at least 1 metre from furniture and flammable materials such as curtains, bedding and paper. Always follow the manufacturer’s instructions and look for a certification mark from an accredited organization, such as CSA Group.
- Check with the experts: To confirm CSA Group certification of a product, compare the product’s identification against the certification record in the Certified Product Listing.
For more everyday consumer tips, safety tip videos and safety advice, please visit www.csagroup.org.
About CSA Group
CSA Group is an independent membership association dedicated to safety, social good and sustainability. Its knowledge and expertise encompass standards development; training and advisory solutions; global testing and certification services across key business areas including hazardous location and industrial, transportation, plumbing and construction, medical, safety and technology, appliances and gas, alternative energy, lighting and sustainability; as well as consumer product evaluation services. The CSA certification mark appears on billions of products worldwide. For more information about CSA Group visit www.csagroup.org.
SEOUL, South Korea, /PRNewswire/ — An international festival promoting healthy eating and an environment-friendly lifestyle officially kicked off in a city east of Seoul on Thursday, bringing together delegations from 40 nations around the globe.
Under the theme “Good Food, Good Life,” the Namyangju Slow Life International Festival commenced its 10-day run in the namesake city about 30 kilometers east of Seoul.
“If every individual finds his or her own pace of life and enjoys a happy lifestyle, we can spread the culture of sharing,” said Namyangju Mayor Lee Suk-woo, who is also the chief organizer.
“It is not just a matter of fast or slow. It is about finding one’s own pace that makes life happier and healthier,” Lee added.
Paolo Saturnini, the founder of the slow life movement, joined the opening event.
With the event putting an emphasis on the idea of sharing, the organizer will operate “the path of angles,” referring to the 1.4 kilometer distance from a nearby subway station to the venue, and plans to donate 1,004 won(US$0.87) for every visitor who walks the path.
The festival is composed of various events that include exhibitions, education programs, markets and conferences.
At the Slow Life Innovation Pavilion, world-famous chefs will lead food-related performances.
The Good Food Pavilion will exhibit traditional foods from 30 different countries, and eight restaurants will provide meals, including wine and beer.
The Good Life Pavilion will house 113 booths themed on traditional Korean food.
The event will also feature the Masters and Masterpieces Pavilion, where some 80 artists will showcase traditional and modern artifacts that encompass the spirit of the environment.
The main stage at the venue will hold concerts of different genres of music, including classical and rock ‘n’ roll, throughout the festival.
Visitors can also buy organic food and supplies at the Farmers’ Market.
Lim Seok Kyung
HONG KONG, /PRNewswire/ — The JNA Awards continues to inspire the trust and confidence of the industry, as it welcomes back Rio Tinto Diamonds and Chow Tai Fook as Headline Partners for the fifth consecutive year.
Partners join hands in welcoming the fifth edition of the JNA Awards. (From left) Ira Tsirlina of the Israel Diamond Institute; Naresh Surana of Diarough Hong Kong; Rita Maltez of Rio Tinto Diamonds; Wolfram Diener of UBM Asia; Letitia Chow of UBM Asia; Kent Wong of Chow Tai Fook Jewellery Group Ltd; Caroline Yuan of Shanghai Diamond Exchange; Ye Xuquan of Guangdong Land Holdings Ltd
Diarough Group, Israel Diamond Institute Group of Companies (IDI), Shanghai Diamond Exchange (SDE) and Guangdong Land Holdings Limited (GDLAND) have also renewed their sponsorship of the Awards. Both IDI and SDE have been championing the JNA Awards since its launch, while Diarough and GDLAND have come on board as Honoured Partners since 2014.
The JNA Awards honours companies and individuals that have demonstrated excellence and made positive contributions to their businesses and communities, with a focus on achievements made in Asia. Nominees are selected through an independent, transparent and rigorous judging process. The programme culminates with a gala dinner and awards ceremony held on the sidelines of the world’s No. 1 fine jewellery B2B show, the September Hong Kong Jewellery & Gem Fair.
Letitia Chow, founder of JNA, Director of Business Development — Jewellery Group at UBM Asia, and Chair of the JNA Awards judging panel, said, “We are extremely thrilled to join hands with our returning Headline and Honoured Partners in celebrating the upcoming fifth anniversary of the JNA Awards in 2016. The Awards plays an important role in celebrating and inspiring successes within the gemstone and jewellery industry, and our partners’ loyal support has helped us make that happen.”
Wolfram Diener, Senior Vice President at UBM Asia, added, “It is particularly gratifying to receive continuous support from these distinguished industry leaders who share our values in promoting best practices within the industry and setting high standards to advance the global jewellery community. Their involvement will certainly create synergy to drive the industry forward with greater innovation and sustainable growth.”
Rita Maltez, Director of Rio Tinto Diamonds’ Greater China Representative Office, commented, “It has been five years since we established our office in Hong Kong, of which our partnership with the JNA Awards is an example of the kind of successful partnership we have developed. We are delighted that the trust, respect and hard work invested in these partnerships have created value-adding opportunities we could have only dreamt of five years ago. We look forward to continuing as a Headline Partner of the JNA Awards and to nurture new and successful partnerships across the entire value chain.”
Kent Wong, Managing Director of Chow Tai Fook Jewellery Group, said, “2016 will mark a milestone for the JNA Awards as it celebrates its fifth anniversary. This highly acclaimed event is truly a platform to showcase the passion and expectations that we have for the industry. With our continuous collaboration and concerted effort, the industry will shine even brighter. Chow Tai Fook will, no doubt, continue to render its full support.”
Naresh Surana, Director of Diarough Hong Kong, said, “It gives us immense pleasure to announce the extension of our partnership with the JNA Awards for the third year. This demonstrates our continued commitment to promote excellence and recognise well-deserved achievers and major contributors in the industry.”
Ira Tsirlina, Chief Marketing Officer of IDI, added, “IDI has had a great collaboration with the JNA Awards for four years since its inception. We continue to witness the significant contribution that it is making to the advancement of the diamond and Jewellery industry. We are therefore delighted to renew our support as Honoured Partners for the fifth year.”
Lin Qiang, President and Managing Director of SDE, said, “We are exceptionally proud to be a long-time partner of this very meaningful event for five consecutive years. This event is part of our broader effort to support the sustainable development of the jewellery industry.”
“GDLAND is extremely honoured to continue its support of the JNA Awards for the third year. We are very much looking forward to this outstanding event that delivers significant benefits for the jewellery and gemstone trade,” remarked Ye Xuquan, CEO of GDLAND.
The JNA Awards 2015 Ceremony and Gala Dinner was held on 20 September at the Regal Airport Hotel, Hong Kong. One of the most anticipated events on the jewellery calendar. The awards gala dinner drew more than 500 jewellery and gemstone industry leaders and VIPs, who celebrated the achievements of 19 JNA Awards Recipients and 31 Honourees.
For more information on the event, please visit www.JNAawards.com or contact:
JNA Awards Marketing
UBM Asia (Hong Kong)
Notes for Editors:
1. About JNA (www.jewellerynewsasia.com )
JNA is the organiser of the JNA Awards and is the flagship publication of UBM Asia’s Jewellery Group. First published in 1983, the title is the leader in providing up-to-date international jewellery trade news with an Asian insight. It features original, in-depth reports by experienced journalists covering the latest developments in the diamond, pearl, gemstone, jewellery manufacturing, and equipment and supplies sectors.
2. About the Headline Partners
2.1 Rio Tinto Diamonds (www.riotinto.com/diamondsandminerals )
Rio Tinto operates a fully integrated diamonds business from exploration through to sales and marketing. It is one of the world’s major diamond producers through its 100 percent control of the Argyle mine in Australia, 60 percent interest in Diavik mine in Canada, 78 percent interest in the Murowa mine in Zimbabwe and 100 percent interest in the Bunder project in India.
Rio Tinto’s share of the production from its three operating diamond mines is sold through its sales and marketing office in Antwerp, with representative offices in Mumbai, Hong Kong and New York. It also operates a niche cutting and polishing factory in Perth for the rare pink diamonds from its Argyle mine. Rio Tinto is a leading supporter of the Kimberley Process, as well as a founding member of the Responsible Jewellery Council.
2.2 Chow Tai Fook Jewellery Group Limited (www.chowtaifook.com )
Chow Tai Fook Jewellery Group Ltd, one of the world’s leading jeweller and the largest in terms of sales, was listed on the Main Board of The Stock Exchange of Hong Kong in December 2011. Chow Tai Fook is now a constituent stock of the Hang Seng China 50 Index and the Hang Seng Mainland 100 Index.
The iconic brand “Chow Tai Fook” of the Group has been widely recognised for its trustworthiness and authenticity, and renowned for product design, quality and value. The acquisition of Hearts On Fire, an internationally acclaimed US luxury jewellery brand, has further underpinned the Group’s stature as a diamond expert in the industry.
The Group has an extensive retail network comprising 2,270 Chow Tai Fook and Hearts On Fire points of sale spanning nearly 500 cities in Greater China, Singapore, Malaysia, South Korea and the United States, as well as a strong and fast growing e-tail network through operating its Chow Tai Fook e-Shop and various e-tail accounts on other online shopping platforms.
The Group’s sophisticated vertically integrated business model provides an effective and tight control over the entire operation chain from raw material procurement, design, production, to marketing and sales through its extensive POS and e-tail channels.
3. About the Honoured Partners
3.1 Diarough Group (www.diarough.com )
Diarough Group was established in Antwerp in 1975 and owns diamond polishing factories in China, India,Thailand and Botswana, with a network of sales offices around the world. Diarough is known among the most professional and respected names in the international diamond industry.
Diarough believes in building and nurturing long-term business relationships based on mutual trust, finding solutions to business and marketing problems, creating marketable opportunities through innovative products and providing excellent client services.
Its jewellery manufacturing unit Uni-Design has produced many award-winning jewellery pieces, which have been proudly worn by celebrities on the red carpet over the years.
The Group employs over 3,500 people and is engaged in a wide range of diamond business activities like rough trading, cutting, polishing, jewellery manufacturing and marketing to retailers, chain stores, global brands and private labels worldwide. Diarough employs advanced technology and modern work speed with traditional ethical business practices upon which the Company was founded.
3.2 Israel Diamond Institute Group of Companies (www.israelidiamond.co.il )
The Israel Diamond Institute Group of Companies (IDI) is a non-profit, public interest company representing all institutions involved in the Israeli Diamond Industry. Israel is one of the world’s leading diamond centres and IDI works to enhance Israel’s position as a major trading and manufacturing hub.
IDI works to benefit Israel’s diamond industry in a variety of areas including: marketing and PR, technological innovation, encouraging local manufacturing, training, and security consulting. IDI seeks out new markets for Israeli diamonds and develops existing ones. As part of this effort, IDI organizes industry participation in major trade fairs around the world, establishing Israeli Diamond Pavilions and sponsoring events at these shows.
IDI operates a representative office in Hong Kong, which fosters trade relations with Asian markets.
3.3 Shanghai Diamond Exchange (www.cnsde.com )
Authorised by the State Council, the Shanghai Diamond Exchange (SDE) is the only diamond exchange in Chinaand provides diamond dealers a fair and safe transaction venue under close supervision. It also enjoys a favourable taxation policy and is operated in accordance with international best practices of the diamond industry.
Established in 2000, the SDE is a non-profit, self-regulating membership organisation and a member of the World Federation of Diamond Bourses.
3.4 The Guangdong Land Holdings Limited (www.gdland.com.hk )
The Guangdong Land Holdings Limited (GDLAND), with its headquarters in Hong Kong, is listed on The Stock Exchange of Hong Kong Limited, and is a subsidiary of GDH Limited, which is Guangdong Province’s largest conglomerate operating outside Mainland China.
The principal business of GDLAND is property development and investment, including but not limited to the development and operational management of the innovative commercial real estate, urban complex and industrial business complex. As the strategic arm of GDH Limited, GDLAND engages in the business development of commercial real estate, as well as the projects of urban and industrial complex.
GDLAND’s flagship project, namely the “Buxin Project”, is planned to become the biggest and most advanced jewellery mart in the world, including a large-scale jewellery trading and exhibition centre along with other facilities, with a lot size of over 87,000 square metres and the construction scale (floor area) is expected to be more than 700,000 square metres. The Buxin Project, which is located in the Buxin area of Luohu district inCentral Shenzhen, close to the Shuibei Gold and Jewellery Base, is expected to develop the area into one of the most influential gold and jewellery trading and exchange platforms in China and around the world.
4. About UBM Asia (www.ubmasia.com )
Owned by UBM plc listed on the London Stock Exchange, UBM Asia is the largest trade show organiser in Asiaand the largest commercial organiser in China, India and Malaysia. Established with its headquarters in Hong Kong and subsidiary companies across Asia and in the US, UBM Asia has a strong global presence in 24 major cities with 30 offices and 1,300 staff.
With a track record spanning over 30 years, UBM Asia operates in 20 market sectors with 230 dynamic face-to-face exhibitions and high-level professional conferences, 23 targeted trade publications, 20 round-the-clock online products for over 1,000,000 quality exhibitors, visitors, conference delegates, advertisers and subscribers from all over the world. We provide a one-stop diversified global service for high-value business matching, quality market news and online trading networks.
UBM Asia has extensive office networks in China, Southeast Asia and India, three of the world’s fastest growing B2B events markets. UBM China has 11 offices in the major cities in mainland China, including Beijing,Shanghai, Guangzhou, Hangzhou, Guzhen and Shenzhen, where we organise 90 exhibitions and conferences. In ASEAN, UBM Asia operates from its offices in Malaysia, Thailand, Indonesia, Singapore, Vietnam and the Philippines with over 40 events in this region. UBM India teams in Mumbai, New Delhi, Bengaluru and Chennaiorganise 40 exhibitions and conferences every year across the country.
Phone Number: 852 2516 2184
Johnson Controls Launches Next Generation Building Automation System for Light Commercial Facilities and Buildings in Asia
SINGAPORE /PRNewswire/ — Johnson Controls introduces BCM 2.0, an upgraded version of its Building Control Manager (BCM) system, featuring new productivity tools and an improved user interface. The BCM 2.0 builds on the success of Metasys®, the world’s leading building automation system, to optimize the energy and operational efficiency of light commercial facilities and buildings. It is available inChina, India and most countries in Southeast Asia.
Improved productivity at the workplace
BCM 2.0 comes with the Engineering Tool, a powerful software tool that utilizes a standardized approach and naming convention to generate database backups for the BCM core engine and user interface. This facilitates workflow and provides engineers with the option of working offline.
“The BCM Engineering Tool is one of the key new features of BCM 2.0 that will greatly improve the productivity of engineers. The time required to create the engineering database and configure the BCM user interface has been reduced significantly, by up to 50 percent,” said Wenxiang Feng, senior manager for control system, Johnson Controls Building Efficiency.
Enhanced user experience with intuitive user interface
BCM 2.0 improves the user experience by directing attention to important tasks and presenting critical information in an intuitive manner. For example, the entire plant with chillers, cooling towers and pumps are now in one schematic with graphics and summary generated intelligently. Features like pop-up windows, sound alerts and short message service are integrated to trigger alarms so that facility managers can react promptly. The overall improved engineering design aids, graphics generation features and visualizations will enable facility managers to carry out simple programming without assistance from engineers.
A pioneer in building automation systems, Johnson Controls invented the first electric room thermostat and automatic zone temperature control system for buildings more than a century ago. In the 1970s, Johnson Controls invented the industry’s first mini-computer to control building systems. Today, Metasys by Johnson Controls is the world’s leading building automation system and a proven platform with an installed base of over 100,000 systems globally, including many landmark buildings such as the Shanghai World Financial Center in China and Abeno Harukas in Japan.
Built on the core assets of Metasys, BCM is a customized solution developed to help less complex buildings – including business hotels, residential buildings and light industrial facilities – improve their operations in a cost-effective way without compromising the comfort of building occupants.
About Johnson Controls
Johnson Controls is a global diversified technology and industrial leader serving customers in more than 150 countries. Our 130,000 employees create quality products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating components and systems for automobiles. Our commitment to sustainability dates back to our roots in 1885, with the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful. In 2015, Corporate Responsibility Magazine recognized Johnson Controls as the #14 company in its annual “100 Best Corporate Citizens” list. For additional information, please visit http://www.johnsoncontrols.com or follow us @johnsoncontrols on Twitter
BEIJING and SHANGHAI /PRNewswire/ — China’s two major internet platforms, Dianping and Meituan, today announced a strategic cooperation through which both companies will join forces to enhance their respective market position and growth prospects. As part of this landmark transaction in China’s internet industry, Dianping and Meituan have jointly set up a new company that is expected to run the leading “online to offline,” or O2O, platform in China. This strategic cooperation is strongly supported by shareholders of both companies including Alibaba, Tencent and Sequoia Capital. China Renaissance acted as the exclusive financial advisor to both Dianping and Meituan in this transaction.
Zhang Tao, CEO of Dianping, and Wang Xing, CEO of Meituan, are the co-Chairmen and co-CEOs of the new company. Both Dianping and Meituan will retain their respective brands and management structure, and will independently operate their businesses, including high frequency to-store businesses such as groupbuy and instant payment solution. The cooperation is expected to enable both companies to complement each other in their respective competitive strengths, and to push for innovation across China’s O2O industry.
“Over the years, although the two companies were competing and had different focuses, we enjoyed the same goal of helping 10 million merchants to better serve one billion consumers in China, and in this regard, our commonalities far outweigh our differences,” said Zhang Tao, CEO of Dianping. “We both recognize the enormous potential ofChina’s O2O industry, and therefore this strategic cooperation was a shared, and almost inevitable, decision. In addition, it also allows both companies to better leverage our respective advantages in order to accelerate product innovation, deepen service offerings, and speed up industry expansion. It will create more value for our consumers and merchants, foster a better O2O ecosystem, and facilitate broader industry development.”
“Meituan is very happy to enter into this strategic cooperation with Dianping. It enables us to focus on better serving our consumers and merchants, and allows us to concentrate on developing new businesses and driving product innovation. This cooperation is the common wish for both management teams and our shareholders, and I expect both companies will have very positive chemistry working together. I am fully confident that together we will create an even brighter future,” said Wang Xing, CEO of Meituan.
Dianping was founded in April 2003 in Shanghai, China as the premiere website providing independent consumer reviews on local services in the world. Today, Dianping is China’s largest O2O (online to offline) platform for urban and lifestyle services. In addition to having the largest merchant information and consumer reviews database, Dianping also offers group-buying, industry leading instant payment solution, largest online restaurant reservation business, take-out delivery, e-coupon promotions, and other O2O services, covering the most comprehensive array of local businesses in industries including dining, movies, lodging, entertainment, beauty, wedding, mom & kids, home renovations, etc. With over 200 million accumulated users, Dianping’s leading mobile application has become an indispensable smartphone application for Chinese-speaking consumers, and the most powerful online partner for local businesses.
Dianping is headquartered in Shanghai, China, with established branch operations in 250 cities nationwide.
Meituan was founded in March 2010 in Beijing as China’s first groupbuy website. Today, Meituan is China’s largest provider for local services with leading market position, tremendous annual turnover growth, and over 130 million annual active purchasers. Meituan currently operates its businesses through three business units: Customers to Shop, Hotel Tourism and Home Delivery Service, and a subsidiary Maoyan Movie. Customers to Shop business includes supports local merchants to promote marketing and management ability. Launched in 2015, Customers to Shop business enhances platform and ecosystem for win-win cooperation with industry partners. Hotel and Tourism business fulfills travel and holiday consumer demands. Launched in 2013, the Hotel and Tourism business currently ranks second in the relevant market in terms of room nights. Home Delivery Service includes restaurant takeaway ordering services. Launched in 2013, it currently ranks No. 1 in the relevant market. Maoyan Movie provides seat-booking services to cinema viewers. Launched in 2012, it has become the leader in the relevant industry segment.
Meituan is headquartered in Beijing, China, with established branch operations in over 1,100 cities nationwide.
FTI Consulting, Inc.
+852 9227 8321
+1 212 850 5621
SINGAPORE /PRNewswire/ — Atos, the leading digital service provider, announced the availability of the latest release of the Asset Management and Planning System (AmpS 7.0), platformed to provide full flexibility on choice of end user device enhancing usage, which, combined with optimised features for data capture and entry, leads to higher performance in the maintenance of complex assets.
Atos will be offering the AmpS 7.0 in a Software as a Service (SaaS) model, as either an on or off premise, multitenanted solution. Customers therefore have the choice to deploy within their infrastructure or through cloud providers. AmpS 7.0 has been platformed with connectivity in mind, including platform management systems, ERP and PLM systems.
According to Herbie Leung, CEO APAC, “This is a significant milestone for Atos with regards to AmpS 7.0. For several years we have been leading the way in delivering a world class, truly deployable solution to our maritime customers and this release provides an enhanced platform targetted at ease of use and connectivity that will support big data initiatives driving innovations in asset management.”
This announcement coincides with Pacific 2015 – the international maritime exhibition held in Sydney, Australia from 6 to 8 October, where Atos is demonstrating the new AmpS technology. Visitors are encouraged to register at the Atos stand (1G4) for a hands-on experience.
Atos SE (Societas Europaea) is a leader in digital services with 2014 pro forma annual revenue of circa EUR 11 billion and 93,000 employees in 72 countries. Serving a global client base, the Group provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cyber-security solutions, as well as transactional services through Worldline, the European leader in the payments and transactional services industry. With its deep technology expertise and industry knowledge, the Group works with clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation. Atos is focused on business technology that powers progress and helps organizations to create their firm of the future. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, and Worldline.
SINGAPORE /PRNewswire/ — With online shopping becoming mainstream, 67 percent of Asia Pacificconsumers cite quality of products and services as their top concern when it comes to making purchases online, according to Visa’s 2015 Regional eCommerce Monitor Survey (“Survey”). In contrast, 57 percent of Asia Pacificrespondents in the Survey report payment security as their primary concern.
From groceries to concert tickets and bill payments, the Survey also found that online shoppers are buying from a range of different categories of products and services. Some 36 percent of Asia Pacific respondents say they made purchases from between five and nine categories a year and 16 percent report buying from 10 or more categories a year.
“eCommerce is increasingly the ‘new normal’ in Asia Pacific, as consumers in the region take to online shopping because of the variety of goods and services available, competitive pricing and because improvements in customer service and delivery options make the whole process much easier,” Visa’s Regional Director for eCommerce, Conor Lynch said. “As familiarity with eCommerce grows in the region, we are seeing payment security concerns diminish, especially as payment security innovations and protections continue to evolve to meet consumer needs. In a sense, the more people shop online, the more comfortable they are, leading to more online shopping.”
According to the Survey, consumers from markets that have higher rates of eCommerce engagement are more concerned about product and service quality than they are about security when making online purchases. Almost twice as many consumers from Japan (1.7 times) are more concerned over quality than security, followed by New Zealand (1.4 times) and South Korea (1.4 times). These are the countries where online shopping is at its most developed in Asia-Pacific. By contrast, respondents from Vietnam, Thailand and Malaysia reported relatively equal concern for both quality and security.
Lynch said: “Visa is committed to delivering eCommerce and digital payment solutions to consumers that provide convenience without compromising on security. Tokenisation, for example, is an enhanced security feature for digital payments that helps protect against the theft of card details during online transactions. Visa solutions like tokenisation are being adopted by merchants across the region and are a major step toward enhanced payment security for Asia Pacific consumers.”
Tokenisation replaces cardholder information, such as account numbers and expiration dates, with a unique series of numbers (a “token”) that can be used for payment without exposing a cardholder’s more sensitive account information. Tokenisation hides consumers’ confidential account information during digital transactions, making digital payments more secure for everyone, everywhere.
The Visa eCommerce Monitor Survey 2015 was conducted by ORC International Singapore with 11,760 consumers, aged 15 to 55 years and across 13 markets — Australia, mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan, Thailand and Vietnam — in May and June 2015.
Visa is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 56,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, ahead of time with prepaid or later with credit products.
Sheo S. Rai