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The product, unveiled at Global Fintech Fest 2026, combines machine-learning risk assessment, dynamic authentication and protection against eligible fraud chargebacks. PayU said the system evaluates cross-border card payments using transaction and behavioural signals, then determines how much authentication each payment requires.

Low-risk transactions can pass with less friction, while payments assessed as higher risk are routed through stronger authentication checks. The approach is intended to address a persistent problem in online commerce: controls that are too strict can reject legitimate customers, while weaker screening can expose merchants to fraud and chargeback losses.

PayU said merchants using the technology have recorded an improvement of about 4% to 5% in international card payment success rates while reducing fraud exposure. The figures are company data and were not independently audited in the announcement.

One online travel merchant using Fraud Liability Protect achieved a 14% rise in payment success rates and an 83% reduction in its fraud-to-sales ratio, according to PayU. The company did not identify that merchant or disclose the transaction volume, testing period or baseline behind those percentages.

Manas Mishra, chief product officer at PayU and Wibmo, said fraud controls should not undermine payment acceptance as merchants expand across markets. He said the product was designed to distinguish genuine and risky international transactions and to protect businesses against both human-initiated and AI-enabled fraud.

The liability element is significant because chargebacks can transfer the financial cost of disputed card transactions back to merchants. PayU’s own documentation describes a chargeback as a transaction reversal following a successful customer dispute. Under its fraud-liability programme, cases classified as covered fraud can be closed with PayU bearing the chargeback amount, subject to applicable terms and eligibility.

Fraud Liability Protect is integrated with PayU Checkout and is being positioned mainly for small and medium-sized businesses in travel, online travel agencies, airlines, e-commerce, quick commerce and food technology. These sectors can face direct revenue pressure when overseas cards are declined or fraudulent transactions later result in disputes.

Zomato is among the businesses using the service, PayU said. The food delivery platform is applying the system to international card transactions so lower-risk payments can proceed with fewer obstacles while higher-risk transactions remain subject to additional controls.

The product also seeks to reduce so-called false positives, where legitimate purchases are blocked because conventional controls treat them as suspicious. That can be especially costly for merchants serving customers abroad, where differences in card issuance, geography and spending behaviour may raise risk scores even when a transaction is genuine during automated screening.

The launch comes as payment providers increasingly use machine learning to balance fraud prevention with checkout conversion. Card-not-present payments create particular challenges because merchants cannot physically verify the card or cardholder, making transaction data, device information, behaviour patterns and authentication signals more important to risk decisions.

PayU already uses automated risk controls across its payment infrastructure. Its published security material says machine-learning models and real-time monitoring are used to identify potentially fraudulent transactions and abnormal patterns. The new service extends that approach by linking risk scoring directly with variable authentication and an explicit chargeback-protection layer for qualifying international card transactions.

PayU’s international payment gateway supports cards issued overseas and allows merchants to offer multiple currencies, while settlement to participating merchants is made in rupees under its terms. The company also offers 3-D Secure-based controls for international card processing, which are designed to add cardholder authentication when required.

The distinction between authentication and liability remains important. A transaction that passes authentication is not automatically immune from every dispute, and chargeback outcomes depend on card-network rules, reason codes and the conditions attached to the merchant’s payment arrangement. PayU’s documentation requires merchants to respond to chargeback notices within specified deadlines where a dispute requires documentation.

At the ceremony, National Assembly Chairman Tran Thanh Man congratulated Labor Hero Nguyen Thi Nga, BRG Group and SeABank, expressing his hope that they would continue advancing their vision, determination and pioneering spirit in developing and contributing to Vietnam’s economic growth.

In response, Labor Hero Nguyen Thi Nga affirmed: “We will transform these prestigious honors into concrete actions to expand international relations, promote sustainable development and create greater practical value for our country.”

BRG Group is Vietnam’s leading private multi-sector economic and services group, founded by entrepreneur Nguyen Thi Nga. The Group provides high-quality products across key sectors, including real estate, golf, hospitality and tourism, retail, banking and finance, manufacturing and trading, and services, currently employing more than 22,000 people nationwide.

BRG Group partners with Hilton, Marriott International, IHG, Accor and Sumitomo Corporation to bring international governance and service standards to Vietnam. The Group also pioneers in the golf industry with 10 international-standard golf courses, collaborating with world-leading names such as Greg Norman and Jack Nicklaus. BRG Group is also dedicated to preserving and promoting Chu Dau Ceramics, a nearly 600-year Vietnamese ceramic tradition with artifacts displayed at 46 museums across 32 countries.

SeABank is one of the earliest-established JSC banks in Vietnam. For many consecutive years, SeABank has been ranked among the best banks by the State Bank of Vietnam and among the Top 10 most reputable private JSC banks in Vietnam. SeABank currently serves more than 4.2 million customers and holds Ba3 credit ratings with a Positive outlook from Moody’s. To promote green finance and financial inclusion while supporting SMEs and women-owned businesses, SeABank has mobilized nearly US$1.1 billion in funding from international financial institutions, including IFC, DFC, AIIB, ADB and others.

Hashtag: #SeABank

https://seabank.com.vn/

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To mark its official launch in Palembang, Green SM has also introduced the “Green Your Move, Refresh Your City” campaign, in support of initiatives led by the Ministry of Environment/Environmental Control Agency (KLH/BPLH) under the theme “Ecosystem & Air Protection” (Perlindungan Ekosistem & Udara).

The campaign encourages citizens to embrace more environmentally friendly modes of transportation, highlighting how every green journey in daily life can contribute to better air quality and a healthier urban environment.

Powered by a 100% electric vehicle fleet, Green SM is committed to delivering a 5-star mobility experience through its professional drivers, transparent pricing, and consistent service quality. By combining technology, service excellence, and sustainable mobility solutions, Green SM aims to set new standards for modern urban transportation.

Green SM’s presence in Palembang continues its journey of advancing green mobility in Indonesia, following its expansion into Jakarta, Makassar, Surabaya, Bali, and Bandar Lampung. This milestone also reaffirms the company’s long-term commitment to delivering reliable and sustainable mobility solutions to an increasing number of Indonesians.

As one of Sumatra’s largest hubs for trade and services, with a population of more than 1.8 million people, Palembang continues to see dynamic economic growth and rising demand for mobility. The city’s commitment to sustainable development and smart city initiatives also provides a strong foundation for advancing green, modern, and environmentally friendly transportation solutions that contribute to improving residents’ quality of life.

Mr. Pham Nhat Minh Hoang, Global CEO of Green SM, said: “I am delighted that Green SM has another opportunity to bring the positive values of green mobility to even more people across Indonesia. We believe that through our consistent service quality, professional drivers, and the outstanding benefits that green mobility offers, Green SM will become a trusted companion for the people of Palembang in their daily journeys, while contributing to ecosystem protection and cleaner air in Indonesia.”

To mark its launch in Palembang, Green SM is rolling out a series of special promotions. Riders can enjoy a 100% discount of up to Rp50,000 from September 12 to 16, 2026, followed by a 50% discount of up to Rp50,000 from September 17 to 25, and a 35% discount of up to Rp50,000 from September 26 to October 2, 2026. Green SM will continue introducing programs and offers designed to make travel more comfortable and affordable, while encouraging more residents of Palembang to make the switch to greener mobility.

Alongside providing all-electric transportation services, Green SM is committed to building a sustainable green mobility ecosystem through job creation, local talent development, and collaboration with stakeholders. As the company continues expanding across Indonesia, Green SM aims to improve access to modern mobility solutions while creating positive value for communities, the environment, and local economies.

Over the course of its global expansion, Green SM has completed approximately 850 million trips covering nearly 6 billion kilometers, helping reduce more than 800,000 tons of CO₂ emissions, equivalent to the carbon absorption capacity of approximately 36 million trees.

Hashtag: #GreenSM

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By R Suryamurthy The latest BRICS financial agenda is ambitious enough to suggest that the grouping is no longer content merely to complain about the inequities of the global economic order; it wants to build pieces of an alternative. But ambition, particularly in a grouping as diverse as BRICS, is cheap. The harder question is […]

The article Brics has a financial roadmap: The hard part is making it work appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The strengthening of the senior leadership teams at VinFast and GSM comes as Vingroup and companies across its ecosystem accelerate the training and development of in-house talent and transition leadership responsibilities to a younger generation of leaders, in line with the needs and growth trajectory of the system. In particular, both VinFast and GSM are entering a period of strong and decisive growth on a global scale.

Prior to assuming the position of Chief Executive Officer of VinFast Global from Mr. Pham Nhat Vuong, Mr. Pham Nhat Quan Anh was appointed Chairman of VinFast Global in May 2026. With his official assumption of the positions of Chairman and Chief Executive Officer of VinFast Global, as well as Chairman and Chief Executive Officer of VinFast Vietnam, Mr. Pham Nhat Quan Anh will hold ultimate and comprehensive responsibility for all of VinFast’s operations as the company enters a new phase of growth.

Following his official appointment, Mr. Pham Nhat Quan Anh commented: “I am deeply honored by the Board of Directors’ trust and confidence in entrusting me with the additional responsibility. Built on a strong foundation established over the years and supported by the growing confidence of customers across our markets, VinFast is well positioned to seize the significant opportunities ahead and further strengthen its role in advancing the global transition to sustainable mobility. I am committed to working closely with our talented team to uphold VinFast’s core values and continue delivering world-class products and the highest standards of service to customers around the world.”

Born in 1993, Mr. Pham Nhat Quan Anh holds a Bachelor’s degree from Singapore Management University and has held several key leadership positions at VinFast and other companies within the Vingroup ecosystem before being appointed Chairman of the Board of Directors of VinFast Auto Ltd. in May 2026. With extensive cross-sector management experience and a strategic operational mindset, he has made significant contributions to VinFast’s development, from building its foundation in the domestic market to expanding its presence internationally.

In addition to his senior leadership responsibilities at VinFast, Mr. Pham Nhat Quan Anh will continue to serve as Chief Executive Officer of VinMetal Trading and Production JSC, a high-quality steel manufacturer within the Vingroup ecosystem.

At GSM, Mr. Nguyen Quoc Tuan, currently Chief Executive Officer of GSM Global, has been appointed Chairman of GSM Global, succeeding Ms. Pham Thu Huong. Mr. Pham Nhat Minh Hoang will succeed Mr. Tuan as Chief Executive Officer of GSM Global and concurrently assume the position of Chief Executive Officer of GSM Vietnam.

Born in 2000, Mr. Pham Nhat Minh Hoang has held senior leadership positions at VinFast, Green Future, VinSmart Future, GSM and other companies. In addition to his management responsibilities, he has directly invested in and serves as a major shareholder of several industrial, technology, energy and infrastructure companies within the Vingroup ecosystem, including VinSpeed, VinEnergo, VinMetal, VinVentures and robotics companies.

VinFast currently has a presence in 16 countries worldwide, including key markets such as Vietnam, India, Indonesia, the Philippines, Europe, the Middle East and North America. VinFast electric cars and electric motorcycles are currently manufactured at four facilities across three countries: Vietnam, Indonesia and India.

Alongside VinFast, GSM operates its green mobility brand, Green SM. The company currently operates in seven countries, including Vietnam, Laos, Indonesia, the Philippines, India, Kazakhstan and Denmark, and plans to expand into at least three additional markets within this year. GSM is also targeting a transition into a globally scaled public company with its shares listed on an international stock exchange.

The appointment of senior leadership is of particular importance, not only in addressing the more demanding requirements of the companies’ next phase of development, but also reflecting positive expectations for the future of VinFast and GSM as they continue their expansion into international markets.

Hashtag: #VinFast #GSM

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Under the agreements, the 27 VinFast showrooms are expected to be developed across all three major geographical regions of the Philippines: Luzon in the north, Visayas in the central region, and Mindanao in the south. The network will strengthen VinFast’s presence in major urban centers such as Metro Manila and Cebu, while extending its reach to new, high-potential areas including Cagayan de Oro, Tacloban, and Subic Bay. This will bring VinFast’s electric vehicles and services closer to customers nationwide.

Developed in line with VinFast’s global standards, the showrooms will offer modern and convenient spaces where customers can learn about and experience the brand’s products, as well as access sales and after-sales services. The expanded network will also improve access to electric vehicles and related services, helping meet the growing demand for EVs in the Philippine market.

Supporting VinFast in the development of its new showroom network are 13 established local partners: Elite North Auto Cars Inc., MG Gateway Mantrade Corp., Grand Canyon Multi Holdings Inc., Britannica United Motors Incorporated, VF Auto Sto Tomas Inc., GR8 Marketing Motors Inc., ARCMA Motors Corporation, Autonomics Motor Corp., Gershom Car Trading Corp., Areza Motor Sales Inc., Central Auto Resources Inc., Autolink Global Motors Inc., and Greenport Mobility Inc.

These 13 companies bring extensive experience in automotive distribution in the Philippines and share VinFast’s commitment to advancing the green transition. Their market knowledge, operational capabilities, and extensive networks will provide additional momentum for VinFast to accelerate the development of its distribution system, expand customer access, and enhance service quality across the country.

Mr. Antonio Zara, CEO of VinFast Southest Asia, said: “The Philippines is one of the key markets in VinFast’s long-term growth strategy in the region and globally. Here, we are not only focused on expanding our sales network, but also on building a sustainable foundation for growth spanning products, services, infrastructure, and the broader EV ecosystem. With the support of our local partners, VinFast will continue to expand our operations in the years ahead, gradually making green mobility a more accessible and convenient choice for Filipino consumers.”

VinFast is steadily building a comprehensive “For a Green Future” electric vehicle ecosystem across key markets in Southeast Asia. In the Philippines, VinFast continues to invest in products, services, and infrastructure to make EV ownership as convenient as possible for customers. Alongside a diverse EV lineup and attractive customer support policies, VinFast is placing a strong focus on expanding its after-sales service network and charging infrastructure with the support of V-Green and local partners. Through these efforts, the brand reaffirms its long-term commitment to investing in the Philippines and supporting the country’s transition to green mobility.

Hashtag: #VinFast

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Two decades after its first projects broke ground on reclaimed industrial land and riverbank outside Hanoi, Vinhomes, anchored in the wider Vingroup ecosystem and its “ESG++” environmental standards, is positioning itself to help define what a good city looks like for the decades ahead.

Building Cities as Integrated Ecosystems, Not Just Developments

The first Vinhomes projects rose on difficult ground, but their premise was unusual for its time: that a residential development had to fold an entire urban life into a single, walkable proposition. Royal City and Times City were carved from former industrial land in Hanoi, while Vinhomes Riverside took shape on the far side of a river that once marked the edge of the city’s imagination. What set these projects apart was not their scale but their structural approach, schools, clinics, parks, transit, and commerce built in as foundations, not added on later.

That premise has held up. Vietnam’s cities have since become one of the region’s most closely watched growth stories. In 2025, the country drew more than $38 billion in registered foreign direct investment, with real estate the second-largest recipient sector after manufacturing. The capital is following the population, and the population is following the belief that Asian cities will decide what urban life looks like next. Research from the McKinsey Global Institute finds that roughly half of the world’s 600 largest cities by GDP are now in Asia, and that in most Asian countries, cities already generate more than 80 percent of national output.

Vinhomes’ answer to the challenge of urban sequencing has been structural rather than cosmetic, folding its projects into the wider Vingroup ecosystem. A housing development arrives already wired into education (Vinschool, VinUni), healthcare (Vinmec), retail (Vincom Retail), hospitality (Vinpearl, VinWonders), and green mobility (VinFast, V-Green, Green SM), with renewable energy and regional infrastructure now extending that network through VinEnergo and VinSpeed. The premise is that a city assembled this way behaves less like a real-estate product and more like an economy in miniature, one that generates its own demand for jobs, services, and further investment as residents move in.

From ESG++ Leadership to Global Expansion

The newer test for urban development is what a project is willing to leave alone. Vinhomes has framed its approach as “ESG++”, not merely limiting environmental damage, but actively restoring the ecosystems a project sits within. At Can Gio, Vinhomes Green Paradise is being built alongside one of Vietnam’s most significant mangrove systems, with construction is deliberately constrained to protect it. In Ha Long, Vinhomes Global Gate sits beside a UNESCO World Heritage Bay, built with the explicit aim of complementing rather than competing with the landscape.

This approach has drawn notice beyond Vietnam. Vinhomes Green Paradise became the first official global participant in New7Wonders’ “7 Wonders of Future Cities” initiative. Jean-Paul de la Fuente, the campaign’s director, described visiting the project as an encounter with a place where nature, people, and technology converge in ways he had not anticipated from the paperwork alone, adding that few developers anywhere have the execution capacity to build at this scale and speed while still managing that complexity.

The company’s ambitions now extend well beyond its home market. Vinhomes has projects and development plans in Congo, India, Australia, the Philippines, and Indonesia, less an export of a real-estate model than an attempt to carry two decades of Vietnamese urban experience into markets asking the same questions Vietnam once asked itself. For most of the modern era, Vietnamese cities absorbed standards and formats tested elsewhere; that posture is shifting, and not only inside Vietnam.

The data points to a single conclusion: the next several decades of urban growth will be decided in Asia, whether or not Asian developers are ready to define its terms. The United Nations’ World Urbanization Prospects 2025 puts the scale of that growth beyond dispute, cities are now home to 45 percent of the planet’s 8.2 billion people, more than double the share in 1950, with two-thirds of all future population growth through mid-century expected to land in urban areas. The number of megacities has quadrupled since 1975, from eight to 33, and more than half of them sit in Asia. Capital is already voting with its feet, and McKinsey’s research suggests the economic weight has shifted, even if global recognition has not yet caught up.

What Vinhomes is proposing, in effect, is that the second half of that shift, reputation, precedent, the standing to say what a good city looks like, is still being written. Twenty years on from a stretch of marshland and disused factory yards outside Hanoi, the argument is no longer really about towers. It is about whether a place built quickly can still be built to last, for the people living in it and for the land it stands on.

Hashtag: #Vinhomes

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About Vinhomes

Vinhomes is Vietnam’s largest residential real estate and integrated township developer. The company pioneers the development of synchronized, modern large-scale townships, delivering premium living standards and unlocking sustainable investment opportunities for domestic and international clients.

The emblem, “Jing Yue”, centred on the Temple of Heaven and the Chinese character “京” (Jing), draws on the expressive charm of Chinese calligraphy, engraves Beijing’s local identity, and radiates the vibrant energy of athletics.

The mascot, “Jing Yan”, draws inspiration from “Yan’er”, the mascot of the 2015 edition of the Championships. Modelled after the Beijing swift, it symbolises “the return of the swift after 12 years”. The design subtly incorporates traditional Chinese kite patterns and the expressive eye makeup of Peking Opera, while a lightning-bolt dynamic adds a sense of speed. This seamlessly blends natural vitality, culture, art, and athletic competition. It not only nods to the 2015 edition of the Championships, but also brings Beijing’s rich cultural heritage vividly to life.

The theme slogan “Every Step Counts” embodies the relentless competitive spirit that every step and every effort matters. It sends a warm yet resolute message to the world: on the road to excellence, every wholehearted effort holds extraordinary value.

In his video address, President of World Athletics Sebastian Coe noted that Beijing is the first city in the world to have successfully hosted both the Summer and Winter Olympics, with a remarkable record of staging world-class events. He said the World Championships Beijing 2015 produced many iconic moments, and that World Athletics firmly believes China will stage the 2027 edition of the Championships to the highest possible standard and deliver an unforgettable sporting spectacular for audiences across the globe.

The World Athletics Championships Beijing 27 will be held at the National Stadium from 10 to 19 September 2027. More than 2,000 athletes from over 200 countries and regions will gather at the Bird’s Nest for this grand athletics celebration.
Hashtag: #WCHBeijing27 #EveryStepCounts

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Enflame’s shares closed 179 per cent above their initial public offering price on the STAR Market, lifting the company’s market value to about 171 billion yuan from 61.2 billion yuan at the offer price. The Tencent-backed company raised 6.12 billion yuan by selling 43.04 million new shares at 142.18 yuan each.

The surge came despite Enflame having never reported an annual profit since its establishment in 2018. Its 2025 revenue reached 990.2 million yuan while its net loss narrowed to about 1.2 billion yuan. The company has forecast revenue of 2.3 billion yuan to 3 billion yuan for the first nine months of 2026, alongside a net loss of 700 million yuan to 860 million yuan.

Revenue has expanded quickly from 301 million yuan in 2023 and about 722 million yuan in 2024, but losses have remained substantial as the company spends heavily on research and product development. Enflame recorded net losses of about 1.67 billion yuan in 2023 and 1.51 billion yuan in 2024 before narrowing the deficit last year, underscoring how far commercial growth has run ahead of earnings for the company.

Enflame said in its prospectus that it expects to reach break-even or profitability in 2026 or 2027. It plans to direct much of the IPO proceeds towards development and industrialisation of fifth- and sixth-generation artificial-intelligence chips, software and large-scale computing systems.

The company’s rapid revaluation also highlights the unusual economics of China’s artificial-intelligence chip boom. Investors have rewarded several young semiconductor groups whose sales are expanding quickly but whose research spending remains heavy and earnings records are limited or negative.

Moore Threads Technology, another Shanghai-listed graphics processor developer, created several billionaires after its market debut in December 2025, when its shares rose more than fourfold. Founder and chairman Zhang Jianzhong, a former head of Nvidia’s China operations, was valued at several billion dollars after the listing, while co-founders Zhang Yubo and Wang Dong also crossed the billionaire threshold based on their holdings.

MetaX Integrated Circuits produced a similar outcome after its Shanghai flotation. Chairman and chief executive Chen Weiliang, who previously worked at Advanced Micro Devices, became a billionaire as investors pushed the company’s valuation sharply higher despite continuing operating losses. Early investor Ge Weidong also joined the billionaire ranks through his stake.

The valuations reflect expectations that domestic chipmakers will capture a larger share of China’s fast-growing demand for artificial-intelligence computing as access to the most advanced US-designed processors remains constrained. Domestic producers are competing to supply cloud companies, data centres and developers running large language models, recommendation engines and other computing-intensive services.

Enflame’s commercial position, however, remains unusually concentrated. Tencent is its largest shareholder, with a 17.95 per cent stake after the offering, and sales linked to the technology group accounted for 83.79 per cent of Enflame’s 2025 revenue. The concentration gives Enflame a major anchor customer but also leaves its growth closely tied to purchasing decisions by one group.

The company employed about 860 people as of September 2025, according to disclosures compiled from its listing materials. Founded by former AMD executives Zhao Lidong and Zhang Yalin, Enflame develops accelerator chips, add-on cards, computing systems and software for artificial-intelligence training and inference in data centres.

Only 17.9 million shares, equivalent to 4.16 per cent of Enflame’s enlarged share capital, were freely tradable at the start of trading, limiting the initial public float and potentially amplifying price swings. The retail portion of the offering attracted thousands of times more demand than the shares available.